Tuesday, April 5, 2016

03-22: MOB, CVS Pharmacy, Mixed-use, Neighborhood Centers, Retail Centers



Daily Best Commercial Properties

  1. MOB in Indianapolis, IN:12,681 SF surgery center on 2.59 ac lot. Adjacent to St Vincent's Hospital. 100% NNN leased with 4 yrs left to Community Health Network, a A2 Moody's national credit tenant.  NOI $373K/yr. $4.9M. 7.62% cap.
  2. Retail Center in Forest Park, GA: 20,156 SF eight-units retail center on 1.72 ac lot along main corridor in Atlanta metro. 94% leased to retail and medical practices. Actual NOI $217K/yr. $$1.975M. 11% actual cap.
  3. Retail Center in Spokane: WA: 17,141 SF attractive retail center on 1.81 ac lot in upper middle class area with an AHI of $71K/yr in 1 mile ring. 100% leased with good tenant mix. NOI $283K/yr. $4.05M. 7% cap.
  4. CVS in Baltimore, MD: 12,608 SF well maintained drug-store built in 1995 on .61 ac lot along busy corridor in a growing middle-class area. Recently renewed 1st NN lease option with 4 yrs left.  NOI $173K/yr. $2.476M. 7% cap.
  5. Shopping Center in San Antonio, TX: 143,677 SF well maintained shopping center completed in 1992 on over 11 acres of land in a fast growing area. Close to Ingram Park Mall. Next/visible to I-410. Major tenants include: Freedom Fitness, Lamson Institute, Appliances Smart, Octapharma Plasma, Best Buy Mobile and Jason's Deli among others. 90% leased. Actual NOI $1.391M/yr. $14.645M. 9.50% actual cap. Upside potential.
  6. Mixed-use in Lancaster, CA: 10,898 SF consisting of three retail/office buildings on .85 ac lot at a hard corner location in growing Southern California. With easy access to Hwy-14. NOI $133K/yr. $1.9M. 7% cap.
  7. Neighborhood Center in Charlotte, NC: 147,200 SF shopping center constructed in 1990 on over 13 ac lot in a fast growing area. Close to Walmart Supercenter. 79% NNN leased. Actual NOI $458K/yr. $5.56M. 8.25% actual cap. Upside potential when fully leased.
  8. Retail Center in Louisville, KY: 35,948 SF retail center constructed in 2000 on 3 ac lot in an affluent area with AHI of $106K/yr. 78% NNN leased with excellent tenant mix. Actual NOI $460/yr. $5.75M. 8% actual cap. Upside potential when fully leased.
  9. CVS in Baltimore, MD: 8450 SF CVS Pharmacy built in 1995 on .59 ac lot. Close to Sinai Hospital, Levindale Hospital and Blue Point Healthcare Center. Recently renewed 1st NN lease option with 4 yrs left. NOI $107K/yr. $1.346M. 8% cap.
  10. Shopping Center in Frisco, TX: 13,200 SF attractive shopping center completed in 2005 on 1.40 ac lot in booming (1985% pop growth since 2000) and affluent (AHI $135K/yr) Dallas MSA. NOI $195K/yr. $2.6M. 7.52% 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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