Wednesday, March 30, 2016

03-16: Surgery Center, Goodwill, Mixed-use, Accelerated Urgent Care, Shopping Center


Daily Best Commercial Properties

  1. Retail Center in Aurora, IL: 14,456 SF retail center built in 2002 on 1.61 ac lot in a fast growing and affluent Chicago area with an AHI of $161K/yr in a 1 mile ring. Major tenants include: Great Clips, Mathnasium, Amato's Pizza and Subway. 100% NNN leased to ten tenants. NOI $279K/yr. $3.733M. 7.50% cap.
  2. Surgery Center in Tucson, AZ: 6300 SF medical office building completed in 2014 on .14 ac lot. Close to TMC Tucson Medical Center. 100% NNN corp lease with over 9 yrs left. NOI $123K/yr with 3% annual rent increases. $1.978M. 6.25% cap.
  3. Goodwill in Clovis, CA: 16,055 SF single tenant retail building constructed in 2003 on over 2 ac lot in a fast growing area. Adjacent to Walmart Supercenter. Between Sierra Vista Mall and Hwy-168. 100% NNN- corp lease with over 8 yrs left. NOI $228K/yr. $3.9M. 5.85% cap.
  4. Retail Center in Spring, TX: 12,000 SF attractive retail center built in 2008 on 1.21 ac lot in growing (164% pop growth since 2000) and high income (AHI $112K/yr) Houston suburbs. 90% leased. Actual NOI $215K/yr. $2.45M. 8.80% cap. Upside potential.
  5. Mixed-use in Westerville, OH: 36,285 SF eye-catching office/retail center completed in 2000 on 4.61 ac corner lot in affluent community in Columbus suburbs with an AHI of $127K/yr in a 1 mile radius. Between Meijer and Kroger groceries stores. 100% leased. NOI $423K/yr. $5.295M. 8% cap.
  6. Retail Plaza in Davenport, IA: 14,336 SF well maintained retail center built in 1997. Close to North Park Mall. All units face main road. 100% leased with good tenant mix. NOI $137K/yr. $1.45M. 9.50% cap.
  7. Neighborhood Center in Gilroy, CA: 145,076 SF shopping center on nearly 14 acres of land anchored by 63,793 SF Burlington Coat Factory in high income Silicon Valley suburbs. Other major tenant include: Harbor Freight, The Guitar Center, Cycle Gear and AutoZone. On an off/on ramp of Hwy-101. Adjacent to major centers with Costco, Walmart Supercenter, Lowe's, Target and Kohl's. 97% leased. Actual NOI $1.779M/yr. $26.5M. 6.72% cap.
  8. Accelerated Urgent Care in Bakersfield, CA: 6,500 SF freestanding single-tenant medical building renovated in 2015 on .63 ac lot at a hard corner location. New 10 yrs NNN lease. NOI $214K/yr with a 10% rent increase in yr 6. $3.575M. 6% 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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