Thursday, June 2, 2016

05-19: Retail Centers, MOB, Strip Centers, Shopping Centers



Daily Best Commercial Properties

  1. Retail Center in Houston, TX: 17,412 SF retail center built in 2011 on 3.78 ac lot in a fast growing area. 82% NNN leased. Actual NOI $268K/yr. $3.5M. 7.66% actual cap. Upside potential when fully occupied.
  2. Retail Center in Eagan, MN: 19,200 SF attractive retail center completed in 2009 on 2.33 ac lot in high income Minneapolis MSA with an AHI of $101K/yr. Across from Kowalski's Market. With easy access to I-35E. 100% NNN leased. 8% cap. Price & NOI N/A.
  3. Shopping Center in Bakersfield, CA: 87,803 SF shopping center on over 8 ac lot anchored by Vons Grocery at a signalized intersection. Other major tenants include: Dollar General, Pizza Hut, Taco Bell, Auto Zone, Subway, Bank of  America among others. 87% leased.  Actual NOI $856K/yr. $13.45M. 6.37% cap.
  4. Retail Center in Burnsville, MN:18,629 SF well maintained retail center on 1.43 ac lot in upper middle-class (AHI $79K/yr) Minneapolis suburbs. Major tenants include: Eagan Child & Family Clinic, Andrew's Grill & Tavern, Christy's African Market and Cathy's African Braiding. 100% leased. NOI $153K/yr. $1.7M. 9% cap.
  5. MOB in Wichita, KS: 8800 SF multitenant medical office building constructed in 2004 on 1.76 ac lot. Across from Cypress Medical Center. Leased to Via Christi Clinic and Ascension Healthcare. NOI $200K/yr. $1.95M. 10.26% cap.
  6. Retail Buildings in Elgin, IL: 23,065 SF consisting of two retail buildings completed in 1994 on nearly 2 ac lot in upper middle-class area. 100% leased to Walgreens, Athletico, All Kids Dental, B&B Cleaners and US Nails. NOI $215K/yr. $3.3M. 6.52% 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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