Attached please find the revised
article "Certificate of Need for MOBs"
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Daily Best Commercial Properties
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- Burger King
in Crystal Lake, IL: 3931 SF franchised fast food restaurant along main
retail corridor in growing and high income area. Adjacent to T.J. Maxx,
Savers and Dollar Tree center. Tenant has been at this location since
1977. 20 yrs absolute NNN lease to a strong operator with 75 units. NOI
$97K/yr with 7.5% rent increases every 5 yrs. $1.65M. 5.91% cap.
- Taco Bell
& Pizza Hut in Homewood, AL: 1974 SF dual-branded restaurant built in 1992 on .63
ac outparcel to Walmart Supercenter, Sam's Club, Sears Outlet, Hobby
Lobby and Dollar Tree center. With easy access to I-65. 100% NNN leased
to a strong franchisee with 7 yrs left. NOI $72K/yr with 1.5% annual
rent bumps. $1.206M. 6% cap.
- Pediatric
Health Choice in Baton Rouge, LA: 7700 SF single-tenant medical office building
completely renovated in 2010 on .85 ac lot. Close to I-12. 100% NNN-
corp lease with 5 yrs left. NOI $126K/yr. $1.68M. 7.50% cap.
- Retail
Center in Wyoming, MI: 25,688 SF retail center built in 2007 on 2.70 ac lot
in stable Grand
Rapids suburbs. Across from Menards, Target and Meijer grocery. Close to
Hwy131. 100% NNN leased. NOI $316K/yr. $3.95M. 8% cap.
- World Gym in
Oxnard, CA: 35,366
SF fitness center completed in 2005 in upper middle-class (AHI $89K/yr)
city. Across from Ventura County Medical Center and Kaiser Permanente.
Near St. John's Regional Medical Center and Hwy-101. 10 yrs NNN lease.
NOI $660K/yr with 3% annual rent increases. $8.8M. 7.5% cap.
- PetSense in
North Richland Hills, TX: 8558 SF newly renovated retail building on nearly 1
ac lot in fast growing Ft Worth suburbs. 100% NNN corp lease with 9 yrs
left to PetSense with 115 locations nationwide. NOI $119K/yr.
$1.775M. 6.75% cap.
- Little Pros
Academy in Morrisville, NC: 11,250 SF high quality constructed day care facility
renovated in 2009 on 2.26 ac lot in affluent Raleigh suburbs with an AHI
of $114K/yr in a 1 mile ring. 10 yrs NNN lease with 4 yrs left to an
experienced regional operator with 27 schools. NOI $301K/yr with 2.5%
annual rent increases. $3.353M. 9% cap.
- Retail
Centers in Richmond, VA: 26,664 SF consisting of two retail buildings on 1.51
ac lot at a major signalized intersection. 92% leased. $1.075M. NOI N/A.
- Walgreens in
Chicago, IL: 13,000
SF built-to-suit pharmacy constructed in 1993 on 1 ac lot at a
signalized intersection. With easy access to I-90. 100% NN lease with
4-yrs left. NOI $159K/yr. Price reduced from $2.461M to $2.285M. 7% cap.
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(c) Transmercial 2016
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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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