Monday, November 16, 2015

11-02: Daycare, MOB, DaVita, Crossroads Fitness, Retail Centers


Daily Best Commercial Properties

  1. Daycare in Dublin, OH: 7693 SF attractive daycare center in growing and high income (AHI $105K/yr) Columbus suburbs.  Close to Mall at Tuttle Crossing, Dublin Methodist Hospital, I-270 and Hwy-161. 100% NNN leased with 6 yrs left. NOI $110K/yr with 4% annual rent increases. $1.3M. 8.49% cap.  
  2. MOB in Freeport, NY: 16,000 SF Class-B multitenant medical office building on .75 ac lot in high income New York suburbs with an AHI of $107K/yr in a 3 mile radius. 100% leased to stable tenants. NOI $200K/yr. $2.999M. 6.70% cap.
  3. Retail Building in Canton, MI: 3510 SF retail building at a hard corner location in affluent (AHI $94K/yr in a 3 mile ring) neighborhood. Across from Kohl's, Lowe's JCPenney and Target center. 100% NNN leased to 7-Eleven and Sultan's Express Middle Eastern Eatery. NOI $75K/yr. $1.175M. 6.40% cap.
  4. Shopping Center in Houston, TX: 33,627 SF attractive shopping center on over 2 ac lot along main retail artery. 64% leased. Actual NOI $322K/yr. $4.6M. 7% actual cap. Upside potential.
  5. Retail Building in Phoenix, AZ: 6534 SF retail building constructed in 2002 on .63 ac lot. Adjacent to Walgreens & across from Safeway. 84% leased to five tenants. NOI $129K/yr. $1.85M. 7.02% actual cap. Upside potential.
  6. DaVita in Houston, TX: 10,000 SF dialysis center built in 1999 on 1 ac lot at a main retail corridor. Close to Woman's Hospital of Texas. Recently exercised two 5-yr options with 9 yrs left. NOI $125K/yr. $2.084M. 6% cap.
  7. Crossroads Fitness in South Ogden, UT: 28,380 SF upscale fitness center completed in 2004 in growing and high income (AHI $76K/yr in a 3 mile ring) Salt Lake City suburbs. 10 yrs NNN lease to a Crossroads Fitness with 3 locations. NOI $240K/yr. $2.82M. 8.51% cap.
  8. MOB in Phoenix, AZ: 16,289 SF well maintained medical office building along busy corridor. 100% leased to multiple tenants. $1.95M. NOI N/A.
  9. Retail Center in Suwanee, GA:  11,286 SF attractive retail center built in 2003 in growing and affluent Atlanta MSA with an AHI of $114K/yr in a 3 mile radius. NOI $84K/yr. $1.2M. 7% cap.
(c) Transmercial 2015
About The Properties

Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing.


Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+K/yr.
  • NOI: Net Operating Income.  It's the income after all expenses (prop taxes, ins., maintenance) paid.
  • NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
  • NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

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