Tuesday, December 1, 2015

11-16: DaVita, MOB, Meineke, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. DaVita in Harvey, LA: 5770 SF built-to-suit attractive dialysis center built in 2007 on .68 ac lot  in New Orleans suburbs. Close to West Jefferson Medical Center. Adjacent to Walmart Supercenter and Home Depot. 100% absolute NNN lease with 7 yrs left. NOI $145K/yr with 2% annual rent increases. $1.71M. 7.65% cap.
  2. Strip Center in Citrus Heights, CA: 8000 SF strip center on .53 ac lot along main corridor in growing Sacramento suburbs. 100% leased to five tenants. NOI $66K/yr. $950K. 6.95% cap.
  3. MOB in Citrus Heights, CA: 18,983 SF Class-B multitenant medical/dental office building in upper middle-class Sacramento suburbs. Close to Sunrise Mall. 93% leased. Actual NOI $304K/yr. $3.79M. 8.03% actual cap. Upside potential. 
  4. Retail Center in Duluth, MN: 35,591 SF well maintained retail center renovated in 2011 on over 4 ac lot in a growing area. Across from 800,000 SF Miler Hill Mall. 100% NNN leased to Bed Bath & Beyond, Buffalo Wild Winds and Rent-A-Center. NOI $374K/yr. $5.35M. 7% cap.
  5. Retail Center in San Fernando, CA: 12,980 SF well maintained retail center on .61 ac lot in growing Los Angeles suburbs. Shadow anchored by Walgreens and Smart & Final. Major tenants include: Metro PCS, Sally Beauty T Mobile and Dental Office. 100% NNN leased. NOI $377K/yr. $6.35M. 5.95% cap.
  6. Strip Center in Cypress, TX: 4200 SF strip center built in 2005 on .71 ac lot in fast growing (329% pop growth since 2000) and high income (AHI$86K/yr in a 3 mile radius) Houston suburbs. 100% NNN leased. NOI $117K/yr. $1.299M. 9% cap.
  7. MOB in San Jose, CA: 2809 SF Class-B medical office building on along major artery in affluent Silicon Valley with an AHI of $135K/yr. $1.299M. Excellent for owner-user!
  8. Meineke in Henderson, NV: 2864 SF well kept car care center along main retail corridor in growing Las Vegas suburbs. Adjacent to Trader Joe's center. 100% NNN lease with 8 yrs left. NOI $71K/yr. $1.107M. 6.50% cap.
  9. Shopping Center in Houston, TX: 85,893 SF attractive shopping center on over 7 ac lot in a growing area. All units face main thoroughfare. 85% leased. 9% cap. NOI N/A.
(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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