Tuesday, June 21, 2016

06-07: CVS Pharmacy, Retail Plaza, MOB, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. MOB in Maryville, IL: 31,567 multitenant medical office building completed in 2009 on 3 ac lot anchored by DaVita Dialysis in St. Louis MSA. Other major tenants include: Hangar Orthopedic, Quest Diagnostic, Anderson Hospital and Physiotherapy Associates. . Near Anderson Hospital. 78% leased. Actual NOI $426K/yr. $5.9M. 7.23% actual cap. Upside potential when fully leased.
  2. Retail Center in Lino Lakes, MN: 18,027 SF high quality construction retail center completed in 2005 on nearly 3 ac lot in Minneapolis suburbs. Shadow anchored by Target and Kohl's. With easy access to I-35W. 92% NNN leased with good mix of national and local tenants. Actual NOI $257K/yr. $3.4M. 7.58% cap.
  3. Retail Center in Woodstock, IL: 13,915 SF retail center in fast growing and upper middle-class Chicago Metro. Across from Walmart Supercenter. 80% NNN leased to Lucky Bernie's, Great Clips, Anytime Fitness and Benjamin F. Edwards & Co. NOI $173K/yr. $2.115M. 8.20% cap.
  4. Retail Center in Greenville, SC: 15,430 SF attractive 9-unit retail center built in 2006 on 1.76 ac lot in fast growing middle-class area. Adjacent to Home Depot. 92% NNN leased to strong local tenants. NOI $208K/yr. $2.6M. 8% cap.
  5. Shopping Center in Nicholasville, KY: 69,159 SF well maintained shopping center renovated in 2013 on nearly 7 ac lot in Lexington MSA. Shadow anchored by well-performing Kroger grocery. 90% NNN leased. NOI $377K/yr. $4.6M. 8.20% cap.
  6. Shopping Center in Palmdale, CA: 27,455 SF attractive retail center in a fast growing Los Angeles suburbs. Shadow anchored by Food 4 Less and Rite Aid. Major tenants: Subway, Sally Beauty, H&R Block, and Metro PCS. 100% NNN leased. NOI $463K/yr. $6.975M. 6.65% cap.
  7. CVS in Baltimore, MD: 12,608 SF drug store built in 1995 on .61 ac lot in middle-class area.  Tenant recently exercised 1st 5-yr option.  NOI $173K/yr.  Price reduced from $2.476M to $2.237M. 7.75% cap.
  8. Retail Center in Highland Springs, VA: 18,000 SF well kept retail center in fast growing Richmond suburbs. Close to I-64. $2.8M. NOI N/A.
  9. Retail Plaza in Wayne, MI: 25,587 SF well maintained retail center built in 1999 along main retail corridor. Shadow anchored by Rite Aid pharmacy. NOI $161K/yr. $2.35M. 6.88% 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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