Tuesday, February 2, 2016

01-18: DaVita Dialysis Center, Tuffy Auto Center, MOB, Retail 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. Shopping Center in Indianapolis, IN: 50,107 SF well maintained shopping center on 5.25 ac outparcel to 963,000 SF Washington Square Mall. Major tenant include: 21,500 SF Jo-Ann Fabric and Tires Plus. 90% leased. Actual NOI $403K/yr. $4.04M. 10% actual cap. Upside potential.
  3. Shopping Center in Miami Garden, FL: 38,100 SF attractive shopping center on over 1 ac lot along major retail artery in Miami suburbs. 94% leased with good tenant mix including 7,680 SF Chen Neighborhood Medical Center, an established operator with 12 locations.  NOI $620K/yr. $9.2M. 6.74% cap.
  4. Tuffy in Batavia, IL: 4216 SF auto service center built in 2000 on .79 ac lot in an affluent Chicago metro with an AHI of $116K/yr in a 1 mile radius. 20 yrs NNN corp lease with 5 yrs left. NOI $98K/yr with a 10% rent bump on 8/2016. $1.234M. 8% cap now and 8.8% cap in Aug 2016.
  5. MOB in Lake Mary, FL: 14,600 SF Class-A multitenant medical office building in fast growing and high income Orlando suburbs. 90% NNN leased. NOI $262K/yr. $3.5M. 7.50% cap.
  6. Retail Center in Maple Grove, MN: 13,395 SF retail center on over 1 ac lot in growing and affluent (AHI $113K/yr in a 3 mile ring) Minneapolis suburbs. Adjacent to Maple Grove Crossing a major center with Cub Foods, Kohl's, Bed Bath & Beyond, Pier 1 Imports and more. With easy access to I-94. 100% NNN leased. NOI $128K/yr. $1.6M. 8% cap.
  7. Retail Center in Boynton Beach, FL: 26,525 SF well maintained retail center completed in 1990 on nearly 3 ac lot in Lake Worth suburbs. Across from Walmart. 98% leased. 7.25% cap. NOI & price N/A.
  8. Office Buildings in Arlington, TX: 31,967 SF consisting of two high quality construction office buildings built in 2007 on over 3 ac lot with excellent visibility. Along busy corridor and close to Hwy-360. NOI $393K/yr. $4.6M. 8.55% cap.
  9. Strip Center in Colleyville, TX: 6764 SF brick/stone strip center built in 2003 at  signalized intersection along major retail corridor in fast growing and prosperous (AHI $159K/yr)Ft Worth/Dallas suburbs. Across from Whole Foods Market, Petco and Ace Hardware center. NOI $126K/yr. $1.7M. 7.42% cap.
  10. Retail Center in Weymouth, MA: 7800 SF well maintained retail center on over 1 ac lot along busy corridor in high income Boston MSA with an AHI of $100K/yr. Adjacent to CVS Pharmacy. NNN leased to Papa Ginos Pizza, SPA and Indian Restaurant. NOI $86K/yr. $1.199M. 7.20% cap.
(c) Transmercial 2016
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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