Friday, July 1, 2016

06-17: Walgreens, MOB, Professional Office Plaza, Retail Centers, Auto Centers


Daily Best Commercial Properties

  1. Retail Center in Sacramento, CA: 16,200 SF L-shaped retail center at a corner location and along busy corridor. Adjacent to 99 Cents Only and Harbor Freight Tools center. NOI $200K/yr. $3.05M. 6.59% cap.
  2. Retail Center in Tamarac, FL: 18,051 SF well maintained retail center along major artery in Fort Lauderdale suburbs. Major tenants include: Boost Mobile, Subway, Avon and Little Helpers Preschool. 100% leased. NOI $193K/yr. $2.7M. 7.16%cap.
  3. Walgreens in Baytown, TX: 13,905 SF Walgreens constructed in 2000 on 1.50 ac lot at a signalized corner location. Close to San Jacinto Hospital and Hwy-146. 20 yrs NNN- corp lease with over 3 yrs left. NOI $259K/yr. $3.463M. 7.50% cap.
  4. Retail Center in Tomball, TX: 20,315 SF retail center built in 2015 on over 2 ac lot in fast growing and affluent Houston metro with an AHI of $130K/yr. Tenants include: Bahama Buck's, Texas State Optical, Sport Clips, Domino's, McCardell's Tavern and Grille & Bella Boutique. 7.10% cap. NOI & price N/A.
  5. Auto Center in Mesa, AZ: 8781 SF two tenant auto center on nearly 1 ac lot at a hard corner location in Phoenix suburbs. Adjacent to Superstition Springs Center, Walmart Supercenter and Burlington Coat Factory. 100% NNN leased to Enterprise Rent-A-Car and Performance Tire & Auto. NOI $96K/yr. $1.425M. 6.74% cap.
  6. Shopping Center in Pomona, CA: 49,243 SF attractive shopping center remodeled in 2010 on 5.54 ac lot along main artery in growing and high income Los Angeles suburbs. All units face main corridor. 75% NNN leased with excellent tenant mix. Actual NOI $539K/yr. $8.305M. 6.50% actual cap. Upside potential when fully leased.
  7. MOB in Naperville, IL: 10,000 SF Class-B single-tenant medical office building completed in 2003 in affluent (AHI $121K/yr) neighborhood. 100% NNN lease with 5 yrs left. NOI $223K/yr. $3.438M. 6.50% cap.
  8. Professional Office Plaza in Hazelwood, MO: 79,980 SF Class-A multitenant professional building in St. Louis suburbs. Near SSM DePaul Hospital and Christian Hospital. Adjacent to I-270 and Hwy-67. Credit tenants include: Mercy, SSM, Lab Corp and DaVita. 8% cap. NOI & pricing N/A.
(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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