Thursday, July 7, 2016

06-23: DaVita, VA Clinic, Medical Complex, Winn Dixie Supermarket, Shopping Centers



Daily Best Commercial Properties

  1. Shopping Center in Saginaw, MI: 50,150 SF attractive shopping center in a middle-class area. Across from Super Walmart shopping center. 88% leased with only 6,000 SF vacant space. Actual NOI $433K/yr. $5.784M. 7.50% cap.
  2. Shopping Center in Boise, ID: 173,476 SF well maintained shopping center on over 25 acres of land anchored by 53,496 SF Albertson's grocery. Other major tenants include: Family Dollar and Planet Fitness. 95% NNN leased. Actual NOI $1.274M/yr. $19.61M. 6.50% actual cap. Upside potential when fully leased.
  3. VA Clinic in Oklahoma City, OK:11,282 SF single-tenant office building on over 1 ac lot in a fast growing area. Across from Northpark Mall. Tenant has been at this property since 2004. Newly executed 10 yrs NNN lease to U.S. Department of Veterans Affairs with 9 yrs left. NOI $205K/yr. Price reduced from $2.834M to $2.651M. 7.75% cap.
  4. Medical Complex in Westminster, CO: 13,030 SF newly renovated medical office park on over 2 ac lot in fast growing middle-class Denver suburbs. Adjacent to St. Anthony North Hospital. Close to Water World. 100% NNN leased to three stable tenants. NOI $204K/yr. $3.03M. 6.76% cap.
  5. Shopping Center in Lake Forest, CA: 127,360 SF shopping center on 9.27 ac lot along main retail corridor in growing and high income Las Angeles suburbs. Across from Ralph's Center, 99 Cents Only center and Home Depot. Close to Laguna Hills Mall and on an off/on ramp of I-5. National credit tenants: Petco, CVS Pharmacy, Ross Dress for Less and Jack in the Box among others. 98% NNN NOI $900K/yr. $10.6M. 8.50% cap.  Note: this is a sale of buildings only.  The property is on a ground lease with 19 years left.
  6. Winn Dixie in New Orleans, LA: 59,000 SF supermarket on 5.20 ac lot. Along Hwy-90 and visible from I-10. On an off/on ramp of I-10. 20 yrs NNN lease with 4 yrs left. NOI $773K/yr.  $9.094M. 8.5% cap.
  7. Shopping Center in Las Vegas, NV: 42,730 SF shopping center completed in 2008 on 4 ac lot along busy retail corridor. Across from Walmart Supercenter and Lowe's. 80% NNN leased with good tenant mix including: Chiropractic, Pizza, Go Wireless, Mattress Firm and other local tenants. Actual NOI $821K/yr. $12M. 6.84% 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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