Monday, January 4, 2016

12-21: Retail Centers, MOB, DaVita Dialysis Centers



Daily Best Commercial Properties

  1. DaVita in Victorville, CA: 11,780 SF Class-A brand new dialysis center on over 1 ac lot in growing San Bernardino County in Southern CA. New 15 yrs NNN corp lease. NOI $297K/yr with 10% rent bumps every 5 yrs. $5.565M. 5.35% cap.
  2. MOB in Denton, TX: 7,444 SF multitenant medical office building adjacent to Denton Regional Medical Center. Close to Golden Triangle Mall and I-35E. NOI $119K/yr. $1.297M. 9.25% cap.
  3. DaVita in Texarkana, TX: 14,880 SF Class-A dialysis center constructed in 2006 on 2 ac lot in a growing and upper middle-class neighborhood. Newly constructed 7000 SF addition. With easy access to Christus St. Michael Health System and I-30. 100% NNN lease. $3.214M. 6.25% cap.
  4. Shopping Center in Taylor, MI: 89,647 SF consisting of two well maintained retail centers completed in 1997 on 10 ac lot along main artery. Adjacent to Oakwood Heritage Hospital. Tenants include: Sears Outlet Store, Salvation Army Thrift Store, Ollie's Bargain Outlet & Oakwood Healthcare and Urgent Care One. 100% leased. NOI $527K/yr. $6.59M. 8% cap.
  5. Strip Center in Raleigh, NC: 8943 SF strip center built in 2000 in growing and high income (AHI $94K/yr in a 3 mile ring) area. NNN leased to Flying Burrito, Little Caesar's, Nail Image and Salon 168. NOI $131K/yr. $1.75M. 7.50% cap.
  6. Retail Center in Lansing, MI: 26,046 SF L-shaped well kept retail center on 4.56 ac lot at a signalized intersection. Across from Meijer Grocery and close to I-96. 72% NNN lease with good tenant mix including: Pet Supplies Plus, OneMain Financial, Blimpie's and Metro PCS. Actual NOI $198K/yr. $2.341M. 8.50% actual cap. Upside potential when fully leased.   
(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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