Wednesday, December 2, 2015

11-18: Walgreens, AAP, MOB, Total Pet Care, Strip Centers


Daily Best Commercial Properties

  1. Strip Center in Richmond, TX: 12,447 SF strip center built in 2004 on nearly 3 ac lot in fast growing and affluent Houston metro with an AHI of $130K/yr. 71% NNN leased. Actual NOI $129K/yr. $1.852M. 7% actual cap. Upside potential.
  2. Walgreens in Tulsa, OK: 15,000 SF drug store built in 2004 on 1.38 ac lot at a hard corner location. With easy access to Hwy-51 and I-44. 20 yrs NNN- lease with 9 yrs left. NOI $195K/yr. Price reduced from $2.785M to $2.671M. 7.30% cap.
  3. MOB Portfolio in Yuba City, CA: 25,765 SF Class-B consisting of two medical office building on nearly 2 ac lot in a growing middle-class area. Adjacent to Fremont Medical Center and close to Yuba Sutter Mall. 88% leased. Actual NOI $269K/yr. $3.375M. 7.98% cap.
  4. Shopping Center in Duluth, GA: 64,223 SF well maintained shopping center at a hard corner location in high income (AHI $102K/yr in a 3 mile radius) Atlanta suburbs. Adjacent to Gwinnett Medical Center. 100% leased. NOI $628K/yr. $7.5M. 8.38% cap.
  5. Retail Center in Greenfield, WI: 32,174 SF L-shaped retail center constructed in 1995 on .86 ac corner lot in Milwaukee suburbs. With easy access to I-894/43. NOI $361K/yr. $4.2M. 8.62% cap.
  6. Retail Center in Louisville, KY: 16,455 SF attractive retail center renovated in 2007 on 1.84 ac lot along main artery. All units face main road. Close to KentuckyOne Heath Hospital and North Audubon Hospital. 100% leased with good tenant mix including; Jimmy John's, Edward Jones, Advance ENT & Allergy, Louisville Family & cosmetic Dentistry and Audubon Pharmacy. NOI $305K/yr. $4.1M. 7.45% cap.
  7. Advance Auto Parts in Columbus, OH: 7000 SF auto center built in 2007 on .78 ac lot along busy retail corridor. Close to I-670. 15 yrs NNN corp lease with 7 yrs left. NOI $122K/yr. $1.954M. 6.25% cap.
  8. Strip Center in San Bernardino, CA: 8520 SF well maintained strip center on .70 ac lot a signalized corner location. Close to St. Bernardino Medical Center. Main tenants include: Subway, Little Caesar and Boost Mobile. 100% leased to five tenants. NOI $97K/yr. $1.398M. 7% cap.
  9.  MOB in Lafayette, IN: 9732 SF Class-A medical office building completed in 2008 on over 2 ac lot. 100% NNN leased to IU Health OBGYN and Heartland Neurology. $990K. NOI N/A.
  10. Total Pet Care in Maumee, OH: 8482 SF high quality veterinary hospital on over 1 ac lot in high income (AHI $94K/yr) Toledo MSA. 100% NNN lease with 9 yrs left to Blue River Pet Care Group, a strong operator with 20 units. NOI $114K/yr. $1.425M. 8% 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.

No comments:

Post a Comment