Tuesday, February 16, 2016

02-02: Access Medical Center, Dollar General, Wendy's, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in Meridian, MS: 77,512 SF well maintained shopping center on 11 ac lot anchored by 44,512 SF Vowell's Marketplace, a regional operator with 19 locations. Other major tenants include: Anytime Fitness, Dollar General, H&R Block and Corkscrew Wine and Spirits. 100% NNN leased. NOI $376K/yr. $4.36M. 8.64% cap.
  2. Access Medical Center in Moore, OK: 3600 SF single-tenant urgent care center built in 2014 in Oklahoma City suburbs. 15 yrs NNN lease with 14 yrs left to an operator with over 130 units. NOI $103K/yr with 2% annual rent increases after yr 5. $1.651M. 6.25% cap.
  3. Dollar General in Hampton, VA: 11,129 SF single-tenant retail building on 1 ac corner lot at a busy signalized intersection in growing Norfolk suburbs. Adjacent to CVS and Wawa. 15 yrs NNN- corp lease with 12 yrs left. NOI $161K/yr with a 3% rent bump in yr 11. $2.58M. 6.25% cap.
  4. Shopping Center in Lake Jackson, TX: 34,969 SF shopping center completed in 2006 on 3.44 ac lot. Shadow-anchored by 69,000 SF Kohl’s. 74% leased with good tenant mix including: Quest Diagnostics, Maurices, Sally Beauty, Edward Jones, Lane Bryant and Metro PCS. 7.90% cap. NOI N/A.
  5. Retail Center in Darien, IL:14,060 SF attractive retail center on 1.76 ac lot in affluent neighborhood with an AHI of $115K/yr in 1 mile. Adjacent to Walgreens. 100% NNN leased. NOI $263K/yr. $3.295M. 8% cap.
  6. Shopping Center in Glenview, IL: 36,569 SF eye-catching shopping center on over 3 ac lot along major retail corridor in a high income (AHI $159K/yr) area. Tenants include: Staples, Petsmart, Salon A Go-Go, Yummy Dental, Snap Fitness and Goodwill. 95% NNN leased with one 1,472 SF vacant unit that will be master lease by the seller. NOI $686K/yr. $9.35M. 7.34% cap.
  7. Retail Center in Katy, TX: 14,986 SF newly constructed retail center on 1.60 ac lot in booming (1,263% pop growth since 2000 in a 3 mile radius) and affluent (AHI $160K/yr) in Houston MSA. 100% NNN leased. NOI $399K/yr. $5.705M. 7% cap.
  8. Retail Center in Tomball, TX: 29,352 SF attractive retail center built in 2007 along major artery in Houston suburbs. Shadow anchored by Walmart Supercenter. 100% NNN leased to 11 tenants. NOI $423K/yr. $6.509M. 6.50% cap.
  9. Retail Center in Lee's Summit, MO: 23,792 SF retail center on 1 ac lot in Kansas City suburbs. Close to I-470. Tenants include: Sabor Latino Restaurant, Snap Fitness, American Family Insurance among others. 95% NNN leased. NOI $229K/yr. $2.7M. 8.50% cap.
  10. Wendy's in Cleveland, TN: 2,326 SF well maintained fast food restaurant on .59 ac lot at a main corridor in Chattanooga suburbs. 20 yrs absolute NNN lease with 11 yrs left. NOI $129K/yr with 8.25% rent increases every 5 yrs. $1.855M. 7% 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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