07-01: Urgent Care Center, Apartments, A Tooth Dr. For Kids, MOB

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on CBRE, M&M, SVN, and various other sources.   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 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. 

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.

1. Urgent Care Center in Charlotte, NC: 4008 SF well maintained medical office building on .70 ac lot at a hard corner location. 100% absolute NNN leased to Carolinas HealthCare Urgent Care, a regional tenant with 10+ yrs left. NOI $44K/yr. $630K. 7% cap.
2. Neighborhood Center in Renton, WA: 94,233 SF attractive shopping center on over 8 ac lot in fast growing & high income Seattle metro. 100% NNN leased to Albertsons, Planet Fitness, Big Lots and ACE Hardware. NOI $639K/yr. $9.1M. 7% cap.
3. Strip Center in Las Vegas, NV: 6100 SF strip center in densely populated area. Outparcel to CVS and Cardenas’s grocery market. 100% NNN leased to four tenants. NOI $155K/yr. price reduced from $2.3M to $2.225M. 7% cap.
4. Apartments in Houston, TX: 142-unit well kept multifamily complex on 2.64 ac lot close to parks, schools, shopping centers. NOI $247K/yr. $2.75M. 9% cap.
5. A Tooth Dr. For Kids in Mesa, AZ: 5520 SF single-tenant dental office building on .75 ac lot at a hard corner location. 100% NNN leased with 4 yrs left to national tenant with 282 offices. NOI $97K/yr. $1.217M. 8% cap.
6. Gold’s Gym in Orem, UT: 58,330 SF state-of-the-art fitness center rebuilt in 2001 on 3.25 ac lot along main thoroughfare in Salt Lake City suburbs. Location features the additional amenities of an indoor pool/tennis courts. 100% lease with 9+ yrs left. NOI $617K/yr. $7.8M. 8% cap.
7. MOB in Tucson, AZ: 4754 SF Class-B fully improved dermatopathology Laboratory completed in 2007 in fast growing area. 100% NNN leased to a national tenant with 3+ yrs left. NOI $147K/yr. $1.399M. 10.50% cap.
8. Office Building in Strongsville, OH: 35,000 SF Class-A office building on 3.26 ac lot in high income (AHI $82K/yr in 1 mile) Cleveland suburbs. 100% NNN leased to two tenants. NOI $234K/yr. $2.6M. 9% cap.
9. Retail Center in Glendale, AZ: 14,822 SF retail center built in 2005 in Phoenix suburbs. Outparcel to Walmart Supercenter and Sam’s Club. Next to Hwy-101. 90% NNN leased to Starbucks, Papa John's Pizza, Sports Clips, and Rita's Italian Ice. NOI $362K/yr. $5.39M. 6.73% cap.

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