04-09: KinderCare, MOB, Fresenius, Shopping Centers

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. Strip Center in Jonesboro, GA: 9600 SF attractive strip center built in 2007 on 1.23 ac lot in growing Atlanta suburbs. All units face major corridor. 100% leased. NOI $99K/yr. $1.1M. 9% cap.
2. Retail Center in Las Vegas, NV: 16,349 SF retail center constructed in 2004 on 1.45 ac lot along major retail artery in growing upper middle-class area. 93% leased. NOI $218K/yr. $3.1M. 7% cap. Upside potential.
3. KinderCare in Glendale, AZ: 10,400 SF day care center built in 1995 on 1.38 ac lot in high income (AHI $98K/yr in 1 mile) Phoenix metro. Close to Hwy-101. 100% absolute NNN lease with 5-yrs left. NOI $197K/yr. $2.55M. 7.75% cap.
4. MOB in Warner Robins, GA: 7024 SF Class-A medical office building completed in 2008 on 1.71 ac lot in a fast growing area. Close to Galleria of Centerville. 100% leased to Lakeview Surgery Center and The Nexus Pain Center. NOI $146K/yr. $1.625M. 9% cap.
5. MOB in Orlando, FL: 15,080 SF Class-A medical office building completed in 2004 across from Florida Hospital East Orlando. Close to Expy-16. 100% leased to five tenants. NOI $361K/yr. $4.85M. 7.50% cap.
6. Retail Building in Ridgeland, MS: 7527 SF retail center built in 2005 in a growing area. On a pad with a brand new Lowe’s. Between 1,000,000 SF North Park Mall and I-55. 100% NNN leased to Verizon Wireless and Honey Bakes Ham Café. NOI $174K/yr. $2.1M. 8.50% cap.
7. Fresenius in Chandler, AZ: 7425 SF Class-B consisting of two medical office buildings completed in 2000 on .84 ac lot along major retail thoroughfare. Close to Chandler Regional Medical Center. NOI $140K/yr. $1.795M. 7.84% cap.
8. Shopping Center in Cordova, TN: 43,351 SF well maintained shopping center on nearly 4 ac lot at a major intersection in growing Memphis suburbs. Across from Kroger grocery center. 94% NNN leased. NOI $370K/yr. $3.95M. 9.37% cap.
9. Strip Center in Victorville, CA: 6200 SF six units strip center in San Bernardino County. Near new Home Depot and close to I-15. NOI $73K/yr. $980K. 7.50% cap.

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