Monday, March 14, 2016

02-29: Family Dollar, Goodwill, Family General, Mixed-use, DaVita Dialysis, Retail Centers


Daily Best Commercial Properties

  1. Family Dollar in Augusta, GA: 8,320 SF single-tenant newly constructed retail building on 1.63 ac lot at a hard corner location. 15 yrs absolute NNN corp lease. NOI $115K/yr with a 10% rent bump in 2026. $1.845M. 6.25% cap.
  2. Retail Buildings in Goddard, KS: 10,500 SF Dollar General and 6600 SF Goodwill well maintained retail buildings along major corridor in high income (AHI $86K/yr) Wichita MSA. NOI $133K/yr. $1.3M. 9.10% cap.
  3. Retail Center in Placerville, CA: 28,151 SF retail center on over 2 ac lot in Sacramento metro. Along U.S. Hwy-50. 93% leased with good tenant mix. NOI $265K/yr. $4.2M. 6.32% cap.
  4. Shopping Center in Rancho Cordova, CA: 36,595 SF attractive shopping center on 3.52 ac lot in Sacramento suburbs. Adjacent major tenants include: Goodwill, Smart & Final and 24 Hour Fitness. 85% leased. NOI $277K/yr. $4.05M. 6.84% cap.
  5. MOB in San Antonio, TX: 19,043 SF Class-A multitenant medical office building completed in 2011 on 1.72 ac lot. Between North Central Baptist Hospital and Methodist Stone Oak Hospital. 100% leased. 6.80% cap. NOI N/A.
  6. Mixed-use in Hamden, CT: 23,320 SF Class-B office/retail building on 1.38 ac lot in high income New Haven suburbs with an AHI of $99k/yr in a 1 mile ring. 100% leased. NOI $284K/yr. $3.55M. 8% cap.
  7. CVS in Louisville, KY: 10,135 SF free-standing drugstore completed in 1998 on 1.36 ac lot. Next to Kroger grocery and near Brownsboro Hills Health Care and Rehabilitation Center. 20 yrs absolute NNN corp lease with 4 yrs left. NOI $248K/yr. $2.939M. 8.47% cap.
  8. Strip Center in Lithonia, GA: 8558 SF strip center built in 2005 on over 2 ac outparcel to ALDI Grocery in growing Atlanta suburbs. Across from Kroger Grocery and close to Dekalb Medical Center & I-20. 100% leased. NOI $142K/yr. $1.782M. 8% cap.
  9. DaVita in Saint Louis, MO: 5048 SF dialysis center on .63 ac corner lot. With good ingress/egress. Close to St. Alexius Hospital. 100% NNN corp lease with 7 yrs left. NOI $72K/yr. $1.15M. 6.30% cap.
  10. Retail Center in Albuquerque, NM: 13,863 SF L-shaped well maintained retail building in 1 ac lot in growing middle-class area. 88% leased. Actual NOI $85K/yr. $1.068M. 8% actual cap. Upside potential when fully leased.
(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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