Tuesday, May 31, 2016

05-17: Fresenius, Fitness Nation, Rite Aid, MOB, Shopping Centers



Daily Best Commercial Properties

  1. Shopping Center in Chattanooga, TN: 100,930 SF shopping center on 8.79 ac lot in a fast growing area.  Adjacent and visible along Hwy-153. 97% leased. NOI $573K/yr. $6.75M. 8.50% cap.
  2. Retail Center in Phoenix, AZ: 23,239 SF eye-catching L-shaped retail center on over 2 ac lot with big monument sign at entrance along busy corridor. 90% leased to multiple tenants. Actual NOI $184K/yr. $2.49M. 7.40% cap.
  3. MOB in Springfield, MO: 28,804 SF well maintained single-tenant medical office building at a signalized corner location. Close to Mercy Hospital. 100% NNN lease with 5 yrs left. NOI $220K/yr. $2.936M. 7.50% cap.
  4. Fresenius in Conyers, GA: 5054 SF Class-B dialysis center on .59 ac lot in fast growing Atlanta metro. Adjacent to several medical buildings and near Rockdale Medical Center. Tenant has been at this location since 1994. 100% NNN lease with over 6 yrs left. $1.6M. 2.5% annual rent increases. NOI/Cap N/A.
  5. Atlantic Buffet in Douglasville, GA: 10,936 SF buffet restaurant built in 2003 on 2.10 ac lot in Atlanta MSA. On an off/on ramp of I-20. Adjacent to Walmart and Sam's Club. Close to Arbor Place Mall with 140 stores. 100% NNN lease with 5 yrs left. NOI $118K/yr. $1.5M. 7.92% cap.
  6. Fitness Nation in Bedford, TX: 40,000 SF fitness center on over 3 ac lot in fast growing and upper middle class Ft. Worth/Dallas suburbs. With excellent visibility along Hwy 121/183. 10 yrs NNN- lease with 9 yrs left. NOI $400K/yr with rare 15% rent bumps every 5 yrs. $5.72M. 7% cap.
  7. Rite Aid in Buffalo, NY: 11,347 SF drive-thru Rite Aid Pharmacy constructed in 1999 on 1.33 ac corner lot with four points of ingress/egress. In densely populated area with over 370,000 residents in a 5 mile ring. 100% NNN lease with over 10 yrs left. NOI $271K/yr. $3.388M. 8% cap.
  8. MOB in Denver, CO: 19,026 SF Class-B medical office building on nearly 1 ac lot in growing and upper middle-class (AHI $88K/yr in a 3 mile radius) area. Major tenants: HealthONE Rose Surgery Center and Cherry Creek Eye Center. 91% NNN leased to several tenants. Actual NOI $301K/yr. $4.7M. 6.47% actual cap. Upside potential when fully leased.
(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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