Monday, June 29, 2015

06-12: DaVita Dialysis, Buffalo Wild Wings, CVS Pharmacy, MOB, Retail Centers


Daily Best Commercial Properties

  1. DaVita Dialysis in Rockford, IL: 8400 SF attractive dialysis center constructed in 2014 on 1½ ac lot. 15-yrs NNN lease. NOI $200K/yr with 10% rent bumps every 5-yrs. $3.3M. 6% cap.
  2. Retail Center in Houston, TX: 25,640 SF retail center on 2 ac lot along main retail corridor. Near Hwy-59. Across from PlazAmericas Center. 100% leased. NOI $356K/yr. $4.6M. 7.75% cap.
  3. Buffalo Wild Wings in Superior, CO: 5507 SF sports-bar restaurant built in 2004 on 1 ac lot in growing and high income Denver metro with an AHI of $105K/yr in a 3 mile radius. Adjacent to Costco, Target, T.J. Maxx, Whole Food Market centers and Hwy-36. 100% NNN corp lease with 4-yrs left. NOI $223K/yr with 1% annual rent bumps. $3.1M. 7.20% cap.
  4. Retail Building in Mesquite, TX: 6500 SF retail building constructed in 1996 on .56 ac lot in growing Dallas suburbs. Near Walmart Supercenter and with easy access to Hwy-80. 100% NNN leased to Sprint and Cosmo Nails. NOI $108K/yr. $1.5M. 7.26% cap.
  5. Shopping Center in Reno, NV: 56,850 SF remodeled shopping center at a hard corner location. Across from Reno-Sparks Convention Center and Reno Town Mall. NOI $558K/yr. $8.5M. 6.57% cap.
  6. Shopping Center in Chesapeake, VA: 65,348 SF shopping center built in 1992 on 7.74 ac corner lot anchored by Farm Fresh with 41 stores in Norfolk suburbs. NOI $517K/yr. $6.9M. 7.50% cap. 
  7. CVS Pharmacy in Baltimore, MD: 12,608 SF well maintained drug-store built in 1995 on .61 ac lot along busy corridor in a growing middle class area. Recently renewed 1st NN lease option.  NOI $163K/yr. $2.333M. 7% cap.
  8. Retail Center in Des Plaines, IL: 12,375 SF attractive retail center on 1 ac lot at a hard corner location in upper middle class Chicago suburbs. 100% leased. $2.899M. NOI N/A.
  9. MOB in Elmhurst, IL: 6780 SF Class-B single-tenant medical office building constructed in 1998 on .40 ac lot in high income Chicago suburbs. New 10-yrs NNN lease to Elmhurst Memorial Hospital. NOI $132K/yr with 2.5% annual rent increases. $2.035M. 6.50% cap.
  10. Retail Center in Ridgeland, MS: 9100 SF retail center outparcel to Northpark Mall and across from Walmart Supercenter in a growing middle class area. 100% NNN leased to Game Exchange, Army Recruitment Office and Platos Closet. NOI $138K/yr. $1.595M. 8.70% cap.

(c) Transmercial 2015
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.  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.  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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