03-11: NTB, MOB, Shopping Centers, Walgreens, Medical Complex

You often hear the phrase "location, location, location" as 3 most important things in picking the good properties. For residential properties, good location means quiet area (away from busy streets), good school districts, high income areas, etc.  Is it the same for commercial properties?  See attached article.

Daily Best Commercial Properties

NTB in Reynoldsburg, OH: 11,204 SF National Tire & Battery auto center built in 2001 on over 1 ac lot along main retail corridor in Columbus suburbs. Across from Walmart and Sam's Club center. Close to Target center and with easy access to I-79. 10 yrs absolute NNN with over 5 yrs left. $2.251M. 7.50% cap. MOB in Indianapolis, IN:12,681 SF single-tenant Podiatry Outpatient Surgery Center on 2.59 ac lot. Adjacent to St Vincent's Hospital. 100% NNN leased to Community Health Network, a A2 Moody's national credit tenant. Center performs more than 1000 cases/year.  NOI $373K/yr. $4.9M. 7.62% cap. Shopping Center in Houston, TX: 77,553 SF well maintained shopping center on nearly 6 ac lot at a signalized intersection anchored by Foodarama, a dominant supermarket chain with nine stores. Other major tenants include: Wingstop, Ace Cash Advance, City Gear, UT Physicians and Value Discount Liquors. 98% NNN leased. NOI $441K/yr. $5.69M. 7.76% cap. Shopping Center in Taylor, MI: 89,647 SF consisting of two well maintained retail centers completed in 1997 on 10 ac lot along a main artery. Adjacent to Vibra Hospital. Tenants include: Sears Outlet Store, Salvation Army, Ollie's Bargain Outlet, Oakwood Healthcare and Urgent Care One. 100% leased. NOI $527K/yr. $6.205M. 8.50% cap. Retail Center in Forney, TX: 19,426 SF retail center built in 2014 on over 2 ac lot in growing Dallas MSA. Across from Walmart & Lowe's center. Visible and on an off/on ramp of Hwy-80. 100% NNN leased with excellent tenant mix. NOI $509K/yr. $6.84M. 7.45% cap. Neighborhood Center in Melrose Park, IL: 138,355 SF well kept shopping center on over 11 ac lot at a major retail intersection anchored by Planet Fitness, Harbor Freight and FAMSA. Adjacent to T.J Max and Burlington Coat Factory. Close to Kindred Hospital. NNN leased. Actual NOI $955K/yr. $10.9M. 8.77% cap. Retail Center in Dunedin, FL: 13,384 SF well maintained retail center on over 1 ac corner lot in Tampa MSA. Across from Walmart Neighborhood Market center. Close to Westfield Countryside Mall and Hwy-19. 94% leased. NOI $180K/yr. $2.249M. 8.02% cap. Walgreens in Dallas, TX: 13,905 SF drive-thru pharmacy built in 1998 on 1.38 ac lot at a signalized intersection. Across from center with Fiesta Mart, dd's Discounts. Adjacent to Target, Walmart Supercenter, JCPenney and Home Depot.100% NNN lease with 3-yrs left. NOI $292K/yr. $3.65M. 8% cap. MOB in Gastonia, NC: 15,600 SF 12-units medical complex on .80 ac lot in Charlotte metro. Across from Gaston memorial Hospital. 100% leased. $207K/yr. $2.3M. 9% 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.