Wednesday, September 7, 2016

08-24: CVS Pharmacy, MOB, Burger King, DaVita, Denny's, Womens Medical Center, Professional Buildings


Daily Best Commercial Properties

  1. CVS in Jonesboro, GA: 11,325 SF well kept CVS Pharmacy built in 1997 on over 1 ac lot at a signalized corner location of a major artery in growing Atlanta suburbs. Close to Southlake Mall and I-75. 20 yrs NNN- corp lease with over 1 yr left. NOI $1.663M. 10% cap. Note: this looks like a CVS at a great location but with 1+yr left, it must be a all cash deal.
  2.  MOB in San Antonio, TX: 10,750 SF beautiful Class-A multitenant medical office building on .25 ac lot. Adjacent to 31-bed Methodist Ambulatory Surgery Hospital and other major medical practices. 100% NN leased. $2.2M. NOI N/A.
  3. Office Building in Kansas City, MO: 52,539 SF Class-B office building constructed in 2000 on 5.21 ac lot. Visible and with easy access to I-29 and Hwy-169. 100% leased to multiple tenants. NOI $507K/yr. $6M. 8.45% cap.
  4. Retail Center in Shorewood, IL: 17,000 SF retail center built in 2005 in growing and high income Chicago suburbs. Across from Target and HomeGoods. 100% leased to seven tenants. NOI $260K/yr. $3.375M. 7.72% cap.
  5. Burger King in Arvada, CO: 3416 SF drive-thru fast food restaurant on nearly 1 ac outparcel to shopping center with King Soopers Grocery and 24 Hour Fitness. 100% absolute NNN lease with over 3 yrs left. NOI $103K/yr. $1.295M. 8.03% cap.  
  6. DaVita in Oklahoma City, OK: 7000 SF attractive dialysis center built in 2009 on .76 ac lot. Adjacent to I-35 and close to I-240.10 yrs NNN- lease with over 5 yrs left. NOI $128K/yr with 2% annual rent increases. $1.575M. 8.18% cap.
  7. Denny's in Indianapolis, IN: 6486 SF Denny's Restaurant built in 1994 on 1.26 ac outparcel to Lowe's and with easy access to I-70. 100% absolute NNN lease with 11 yrs left. $2.45M. NOI N/A.
  8. Womens Medical Center in Langhorne, PA: 14,100 SF attractive medical office building in fast growing and affluent Philadelphia suburbs with an AHI of $120K/yr in a 1 mile ring. Adjacent to Oxford Valley Mall. 100% leased. NOI $154K/yr. $2.2M. 7% cap.
  9. Shopping Center in Plano, TX: 35,615 SF shopping center built in 2006 on 4.48 ac lot in growing and affluent Dallas MSA with an AHI of $142K/yr. Tenants include Hathaway Academy of Ballet, Spice Rack, PTF Banquet Hall, International Martial Arts Academy, Salon Expressions, Health Massage, Soft Touch Dental, YogaFit, North Dallas Women' s Care, and Polo Nails. 87% NNN leased. Actual NOI $552K/yr. $7.131M. 7.75% actual cap. Upside potential when fully leased.
  10. DaVita in Panama City, FL: 13,160 SF DaVita Dialysis Center on 1.34 ac lot. Adjacent to 30-beds Select Specialty Hospital. 15 yrs NNN- lease with over 6 yrs left. 276K/yr. $3.45M. 8% cap.
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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