Friday, April 29, 2016

04-15; Planet Fitness, MOB, Walgreens, DaVita, Mixed-use, Shopping Centers, Surgical center



Daily Best Commercial Properties

  1. Planet Fitness in Shawnee, KS: 28,505 SF fitness center remodeled in 2015 on over 2 ac lot in growing and high income Kansas City suburbs with AHI of $81K/yr. Adjacent to PowerPlay Entertainment Center with bowling, go-karts, rides & an arcade, plus a casual buffet.  Across from Hy-Vee grocery. Newly executed 11 yrs NNN- lease to a strong operator with seven locations. NOI $270K/yr with a rent increase in yr 6th. $3.735M. 7.25% cap. Note: flyer not available, full brochure upon request.
  2. Retail Center in Waukesha, WI: 3749 SF attractive retail center at a hard corner location in upper middle-class area. Across from Moreland Medical Center. 100% NNN leased to Starbucks Coffee, Edward Jones and Ride n' Dine. NOI $100K/yr. $1.481M. 6.75% cap.
  3. Retail Center in Vacaville, CA: 42,394 SF well maintained shopping center on 3.58 ac lot in growing and high income Solano County with an AHI of $90K/yr in a 3 mile radius. Along retail corridor and next to I-80. 100% leased. Major tenants: DMV and Blake Austin College. NOI $608K/yr. $8.4M. 7.24% cap.
  4. Retail Center in Pueblo, CO: 21,938 SF retail center at a corer location in a growing area. Across from Safeway grocery center. 100% NNN leased with strong local tenants. NOI $186K/yr. $2.388M. 7.80% cap.
  5. Strip Center in Santa Clara, CA: 5432 SF well kept strip center on .47 ac lot at a signalized corner location and along busy artery in affluent Silicon Valley with an AHI of $118K/yr in a 3 mile ring. Tenant include: Stop N Save, Cleaners, Hair/Nail, Water/Video and Donut Shop. NOI $162K/yr. $2.7M. 6% cap.
  6. Surgical Center in Dearborn Heights, MI: 12,400 single-tenant medical office building renovated in 2012 on .58 ac lot in upper middle-class area. NOI $293K/yr with 3% annual rent increases. $3.25M. 9.04% cap.
  7. Walgreens in Elk Grove, CA: 14,905 SF well performing drug-store built in 2003 on 1.75 ac lot at a hard corner location in high income Sacramento suburbs. 100% absolute NNN lease with 7 yrs left. NOI $344K/yr. $5.999M. 5.75% cap.
  8. DaVita Portfolio in Houston, TX: 8690 SF built in 2008 on 1.67 ac lot and 12,529 SF built in 2007 on 2.50 ac lot attractive dialysis centers in growing areas. 100% NNN leased. NOI $436K/yr. $6.235M. 7% 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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