06-28: Walgreens, Office Buildings, Filiberto's Mexican Restaurant, MOB, Shopping Centers

Daily Best Commercial Properties

Walgreens in Lake Charles, LA: 14,490 SF well maintained drive-thru drug store constructed in 2001 on over 1 ac corner lot in high income New Orleans metro. 100% NNN- corp lease with 5 yrs left. NOI $288K/yr. $4.114M. 7% cap.   Walgreens in Mobile, AL: 15,120 SF Walgreens at a hard corner location in a fast growing and high income area with an AHI of $95K/yr. Across from Winn-Dixie grocery. 100% NNN lease with 5 yrs left. NOI $356K/yr. $4.8M. 7.42% cap. Office Building in Crystal Lake, IL: 9600 SF Class-B office building on 1.23 ac lot in affluent neighborhood with an AHI of $98K/yr in a 1 mile ring. 85% NNN leased with only one vacancy. Actual NOI $104K/yr. $1.35M. 7.75% actual cap. Upside potential when fully leased. Filiberto's in Phoenix, AZ: 2440 SF Mexican Restaurant constructed in 2007 on .71 ac outparcel to Food City grocery center. Near Banner Estrella Medical Center. 9 yrs operating at this location. New 15 yrs NNN lease. NOI $120K/yr with 2% annual rent increases. $1.6M. 7.50% cap. Planet Fitness in Shawnee, KS: 28,505 SF fitness center on over 2 ac lot in growing and high income Kansas City suburbs with an AHI of $88K/yr. Adjacent to PowerPlay Entertainment Center with bowling, go-karts, rides & an arcade, plus a casual buffet restaurant.  Across from Hy-Vee grocery. Newly executed 11 yrs NNN- lease to a strong operator with seven locations. NOI $270K/yr. $3.735M. 7.25% cap. Retail Center in Cheektowaga, NY: 24,767 SF retail center built in 1994 in Buffalo suburbs. Close to 1,600,000 SF Walden Galleria Mall and I-90. Major tenants include: Longhorn Steakhouse, Destination XL (DXL) and Hockey Giant. NOI $435K/yr. $6.455M. 6.75% cap. Neighborhood Center in Macon, GA: 111,324 SF well maintained shopping center on 22.75 ac lot. Anchored by DD's Discount, Ollie's Bargain Outlet, City Trend and CATO. Across from 1,100,000 SF Macon Mall. 81% leased. NOI $428K/yr. Price Reduced from $5.2M to $4.702M. 9.11% cap. Palo Verde Cancer Center in Glendale, AZ: 10,500 SF single-tenant medical office building completed in 2008 on over 3 ac lot in growing (3.432% pop growth since 2000) and middle-class Phoenix suburbs. close to Dignity Health St. Joseph's Westgate Medical Center and Hwy-101. 7 yrs NNN lease to Palo Verde Cancer Specialists with 6 locations in AZ. Tenant spent over $2M to build out and equipt the facility.  NOI $227K/yr with generous 3% annual rent increases. $3.5M. 6.50% cap. Shopping Center in Rialto, CA: 25,352 SF well maintained retail center on 1.78 ac lot along main artery in San Bernardino County. 100% NNN leased to stable credit tenants. NOI $272K/yr. $4.123M.. 6.60% 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.