Tuesday, March 22, 2016

03-08: DaVita, USMD, Rally's, MOB, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Retail Center in Layton, UT: 12,750 SF attractive retail center completed in 2000 on 1.83 ac lot in growing and upper middle-class Salt Lake City suburbs. Across from Smith's grocery. 88% leased to long-term established tenants. Actual NOI $146K/yr. $1.915M. 7.66% actual cap. Upside potential.
  2. DaVita in Forest Park, GA: 7800 SF 18-stations kidney dialysis center on .77 ac lot in Atlanta suburbs. Tenant has been at this location since 2000. Newly extended 10 yrs NNN lease. NOI $107K/yr with 2% annual rent increases. $1.655M. 6.50% cap. 
  3. USMD in Saginaw, TX: 4956 SF Class-B single-tenant medical office building on 1 ac lot in growing Fort Worth suburbs. 100% NNN lease with over 5 yrs left to USMD, a regional operator with  two hospitals, four cancer treatment centers and more than 50 primary care and specialty clinics. NOI $89K/yr. $1.19M. 7.50% cap.
  4. Shopping Center in Columbus, OH: 35,362 SF well maintained shopping center on nearly 3 ac lot at a hard corner location. Across from major center with Walmart Supercenter, Cinemark. Tenants include: Columbus Scores, Adam & Eve, La Michoacana  Mexican Market, Al Mustafa Market & Bakery, Diamonds Ice Cream and Ohio Muebles Garcia. NOI $399K/yr. $4.702M. 8.50% cap.
  5. Shopping Center in Madison, AL: 33,157 SF shopping center completed in 2014 on nearly 4 ac lot in high income Huntsville MSA. Between Madison Hospital and The Shoppes of Madison with Target, Ross, Dollar Tree and Petco. 92% leased to strong national and local tenants. NOI $743K/yr. $9.65M. 7.70% cap.
  6. Neighborhood Center in Richardson, TX: 63,282 SF high-end lifestyle retail center renovated in 2008/2014 on over 7 ac lot in high income Dallas metro with an AHI of $101K/yr in a 1 mile ring. NNN leased. NOI $829K/yr. $10.321M. 7.45% cap.
  7. MOB in Salinas, CA: 5400 SF Class-B single-tenant medical office building on .45 ac corner location in a fast growing middle-class area. 100% NNN leased with 4+ yrs left to Workwell Medical with 4 locations.  NOI $123K/yr. $1.65M. 7.50% cap.
  8. Rally's in Madera, CA: 963 SF drive-thru fast food restaurant built in 1992 on .38 ac lot along busy retail corridor. Close to Walmart and Hwy-99. 20 yrs NNN lease with 17 yrs left to an experienced franchisee with 11 units. NOI $53K/yr with 10% rent increases every 5 yrs. $1.069M. 5% cap.
  9. Office Buildings in Glendale, AZ: 19,600 SF consisting of two office buildings completed in 2000 in Phoenix suburbs. Near Arrowhead Towne Center and Costco. 100% NNN leased to stable tenants. NOI $253K/yr. $3.332M. 7.60% cap.
  10. Retail Center in Syracuse, NY: 38,413 SF well kept retail center on over 5 ac lot at a major retail corridor. Visible and with easy access to I-690.100% NNN leased to Michaels and David's Bridal. NOI $381K/yr. $5.86M. 6.50% 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.


No comments:

Post a Comment