Tuesday, July 5, 2016

06-21: MOB, Burger King, DaVita, Medical Plaza, Rite Aid, Walgreens, Shopping Centers


Daily Best Commercial Properties

  1. Urgent Care Center in Fort Wayne, IN: 4800 SF built-to-suit single-tenant medical office building constructed in 2004 on .75 ac lot at a hard corner location. Close to Parkview Heart Institute Hospital and I-69. 100% NNN leased with 5 yrs left to RediMed Urgent Care North. NOI $127K/yr. $1.696M. 7.50% cap.
  2. Retail Center in Rockford, IL: 13,255 SF retail center built in 2000 on 1.46 ac lot in a fast growing area. Good visibility and two points of ingress/egress. 91% NNN leased. Actual NOI $142K/yr. $1.4M. 10.20% actual cap.
  3. Burger King in Wichita, KS: 3817 SF franchised fast food restaurant fully renovated in 2005 on .78 ac lot along busy corridor. Close to Wesley Woodlawn Hospital and ER. 37 year operation history. 20 yrs absolute NNN lease with 9 yrs left to a strong operator with 58 units. NOI $78K/yr. $1.315M. 6% cap.
  4. DaVita in Northport, AL: 4050 SF well maintained dialysis center renovated in 2013 on .47 ac lot in Tuscaloosa suburbs. Across from Northport Medical Center. In a Certificate of Need State. 100% NNN- corp lease with 8 yrs left. NOI $69K/yr with 2% annual rent increases. $1.024M. 6.75% cap.
  5. Medical Plaza in Lancaster, CA: 26,565 SF Class-B consisting of two multitenant medical office buildings on 2 ac lot in Los Angeles County. Adjacent to Antelope Valley Hospital. 92% leased. Actual NOI $363K/yr. $5.622M. 6.47% actual cap. Upside potential when fully leased.
  6. Neighborhood Center in Libertyville, IL: 101,210 SF shopping center on over 9 ac lot along major retail artery in affluent Chicago suburbs with an AHI of $140K/yr in a 1 mile ring. Anchored by XSport Fitness with 37 locations in IL, NY and VA. 85% leased. Actual NOI $1.12M/yr. $12.3M. 9.11% actual cap. Upside potential.
  7. Rite Aid in Dayton, OH: 11,180 SF Rite Aid on 1.56 ac lot at a hard corner location. With rare three points of ingress/egress. 100% NNN lease with 2 yrs left. NOI $246K/yr. $2.742M. 9% cap.
  8. Walgreens in Glendale, AZ: 15,120 SF Walgreens constructed in 2001 on 2.18 ac lot at a hard corner location in Phoenix suburbs. 20 yrs absolute NNN corp lease with 5 yrs left. NOI $269K/yr. $3.769M. 7.15% cap.
  9. MOB in South Plainfield, NJ: 11,280 SF Class-B medical office building on .68 ac lot in growing and high income (AHI $105K/yr) New York suburbs. 80% leased to multiple tenants. NOI $134K/yr. $1.79M. 7.5% cap.
  10. Shopping Center in Stoughton, MA: 73,000 SF well maintained shopping center on 6.42 ac lot anchored by PriceRite Supermarket in high income Boston MSA. Other major tenants include: Douglas Wine & Spirits, Sonic Drive-In and Rite Aid. 100% leased. NOI $978K/yr. $14.5M. 6.75% 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.

No comments:

Post a Comment