Wednesday, June 8, 2016

05-25: MOB's, MIDAS Auto Center, CVS Pharmacy, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. MOB's in Anderson, IN: 12,514 SF consisting of two multitenant buildings completed in 2003 on 1.34 ac lot. Adjacent to Mounds Mall. 82% NNN leased to two long-term tenants; Eye Surgeons of India and National Mentor Healthcare. Actual NOI $132K/yr. $1.4M. 9.48% cap.
  2. MIDAS in Peoria, AZ: 5288 SF well maintained auto center on .66 ac corner lot along busy retail corridor in growing Phoenix suburbs. 100% absolute NNN lease with over 9 yrs left. NOI $82K/yr. $1.182M. 7.01% cap.
  3. Strip Center in Riverdale, GA: 6500 SF attractive retail center built in 2006 on .67 ac outparcel to Kroger grocery at a high traffic retail corridor in Atlanta MSA.  100% NNN leased. NOI $104K/yr. $960K. 10.89% cap.
  4. CVS in Alpharetta, GA: 10,772 SF drive-thru drug store built in 1998 on 1.82 ac lot at a signalized corner location in affluent Atlanta suburbs with an AHI of $124K/yr in a 1 mile ring. 20 yrs NNN- corp lease with 2 yrs left. NOI $251K/yr. $3.348M. 7.50% cap.
  5. Retail Center in Long Beach, CA: 8115 SF well kept retail center on .45 ac lot in densely populated middle-class Los Angeles. 100% NNN leased to six tenants. NOI $182K/yr. $3.575M. 5.10% cap.
  6. Shopping Center in Plainfield, IL: 55,073 SF high-quality construction shopping center completed in 2003 in fast growing (604% pop growth since 2000) and affluent area with an AHI of $144K/yr in a 1 mile radius in Chicago suburbs. 93% NNN leased to regional and local tenants. Actual NOI $656K/yr. $8.12M. 8.09% actual cap. Upside potential.
  7. Shopping Center in Madison, WI: 30,830 SF attractive shopping center completed in 2007 on 2.67 ac lot in a fast growing area. Adjacent to East Towne Mall and across from Target. 100% leased with good tenant mix. NOI $426K/yr. $5.629M. 7.58% cap.
  8. Retail Center in Temecula, CA: 11,000 SF attractive retail center built in 2003 on over 1 ac lot along major retail artery in high income Riverside County. Adjacent to Temecula Valley Hospital. 86% leased with excellent tenant mix including; Sprint Wireless and Pacific Dental Services. Actual NOI $266K/yr. $4.375M. 6.10% cap.
  9. Shopping Center in Ridgeland, MS: 20,792 SF eye-catching shopping center on 1.80 ac lot in growing Jackson suburbs. Shadow anchored by Lowe's. Adjacent to Walmart Supercenter and close to Northpark Mall and I-55.  78% NNN leased. NOI $234K/yr. $3.2M. 7.32% cap.
  10. Shopping Center in Albuquerque, NM: 40,186 SF well maintained shopping center on 3.40 ac lot. All units face main corridor. 88% leased to well established long-term tenants. Actual NOI $244K/yr. $3.2M. 7.65% 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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