Wednesday, February 17, 2016

02-03: Fitness Evolution, Walgreens, MOB, Shopping Centers


Daily Best Commercial Properties

  1. MOB in Stockbridge, GA: 12,876 SF attractive 2-teanant medical office building on 1 ac lot in growing upper middle class Atlanta suburbs. Close to 215-bed Piedmont Henry Hospital and I-75. 100% NNN leased to Comprehensive Vascular Surgery Center and Stockbridge Dental. This is a sale-leaseback investment. Tenant will sign 5-10 yrs NNN lease at closing.  NOI $270K/yr. $3.53M. 7.65% cap. NOTE: flyer not available, full brochure upon request.
  2. Walgreens in Mobile, AL: 15,120 SF drive-thru single-tenant drug store built in 2001 on 2 ac lot at a signalized corner location & in a high income area. Across from Winn-Dixie grocery center. 20 yrs NNN- lease with 5 yrs left. NOI $356K/yr. $5.085M. 7% cap.
  3. Retail Center in Albuquerque, NM: 20,544 SF L-shaped well maintained retail center along major retail artery. Recent improvements include: building facade, stucco and signage, 7 new HVAC units and updated gas lines. Across from Albertsons and close to I-40.  100% leased. NOI $144K/yr. $2.054M. 7% cap.
  4. Fitness Evolution in Watsonville, CA: 23,000 recently renovated franchised fitness center on 2.55 ac lot in a growing middle-class area. New 20 yrs absolute NNN lease to a strong operator with 46 units. NOI $320K/yr with 1.25% annual rent increases. $4.923M. 6.50% cap.
  5. Shopping Center in Escondido, CA: 52,047 SF well maintained shopping center on over 4 ac lot in growing Southern California. Shadow anchored by Stater Bros grocery. 100% NNN leased. NOI $870K/yr. $14.5M. 6% cap.
  6. Neighborhood Center in Brownsville, TX: 173,667 SF newly constructed shopping center on over 20 acres of land in a fast growing border city. Next to and with excellent visibility to I-69E. Major tenants include: Fallas, Big Lots, Harbor Fright, Guitar Center and Family Dollar. 92% NNN leased to 25 tenants. Actual NOI $1.373M/yr. $19.62M. 7% cap.
  7. Shopping Center in Stow, OH: 53,191 SF shopping center on over 6 ac lot at a hard corner location in upper middle-class Cleveland MSA. 71% NNN leased. Actual NOI $377K/yr. $4.745M. 7.95% actual cap. Upside potential.
  8. Retail Center in Plantation, FL: 8835 SF retail center on .75 ac lot in Fort Lauderdale suburbs. 100% leased. NOI $91K/yr. $1.2M. 7.65% cap.
  9. Retail Center in Stockton, CA: 17,692 SF well maintained retail center on 1.37 ac corner lot. NNN leased. NOI $180K/yr. $2.58M. 7% cap.
  10. Retail Center in Port Arthur, TX: 27,946 SF attractive retail center on 2.76 ac lot. Shadow anchored by Walmart Supercenter. 77% NNN leased with good tenant mix. NOI $247K/yr. $2.96M. 8.38% 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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