12-23: Best Buy, Medical Office, Strip Centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined names if any indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing broker.  If so, please cooperate.

• AHI: Avg. Household Income.  National average is about $50+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.

1. Shopping Center in Nicholasville, KY: 32,300 SF well maintained shopping center anchored by Fresenius Medical Care and close to Super Wal-Mart in growing county just North of Lexington. $3.91M. 7.5% cap.  
2. Best Buy in Hialeah, FL: 55,880 SF big-box single-tenant building built in 1996 on 5.08 ac lot on main retail corridor close to Westland Mall. 100% absolute NNN lease to credit-tenant (S&P BBB-). NOI $798K/yr. $10.641M. 7.5% cap. 
3. Retail Center in University Place, WA: 11796 SF retail center built in 1997 at heavily traveled street in Tacoma metro. NOI $160K/yr. $2.15M. 7.95% cap. 
4. Shopping Center in Houston, TX: 23,000 SF shopping center on over 1 ac lot along main corridor with excellent visibility. 100% leased. $2.6M. NOI/Cap not avail.  
5. Strip Center in Kansas City, MO: 7670 SF strip center on 1.97 ac lot next to Hwy-152. In growing & middle-class (AHI $73K/yr) neighborhood. $1.2M. NOI/Cap not provided.  
6. Retail Center in Fox Lake, IL: 11,000 SF newly constructed 6-units retail center across from Golf Course Center in Chicago outskirts. NOI $200K/yr. $2M. 10% cap.  
7. Medical Office in Fort Myers, FL: 6959 SF medical office built in 1997 close to Heath Park Medical Center. 100% NNN leased to Florida Cancer Specialist with 106 MDs & 45-locations. NOI $141K/yr. $1.6M. 8.5% cap.  
8. Medical Office in Cape Coral, FL: 4978 SF medical building next to Cape Coral Hospital and at main artery. 100% NNN leased to Florida Cancer Specialist. NOI $108K/yr. $1.229M. 8.5% cap.

© Transmercial 2011