09-14: Shopping Centers, Urgent Care, Quality Inn

Daily Best Commercial Properties

Shopping Center in Greenfield, WI:  32,174 SF well-kept shopping center built in 1995 on an corner lot with easy access to I-894 in Milwaukee metro.  A new 193,000-SF Meijer store that is being developed immediately east of the subject property.  96% leased to a diverse list of tenants including Wisconsin Credit Union, U.S. Army, Medical Diagnostic Imaging and Board Game Barrister. NOI $361K/yr.  $4.355M. 8.29% cap. Shopping Center in Vacaville, CA: 58,183 SF well-maintained shopping center.  Shadow anchored by Walmart Neighborhood market  & next to I-80 exit.  High income area.  Anchored by 11,342 SF Fitness Revolution.  73% leased.  Actual NOI $689K/yr (pro forma $992K/yr).  $11.055M. 6.24% cap (8.98% pro forma). Shopping Center in Westminster, CO: 116,512 SF shopping center on 9.83 ac lot at a signalized corner  in upper middle class Denver metro.  Shadow anchored by King Soopers,  a dominant grocery store in Colorado (owned by Krogers). 75% leased.  Current NOI $784K/yr. $10.46M. 7.5% actual cap.  Upside potential when fully leased. Strip Mall in Cincinnati, OH:  12,442 SF high-end construction strip mall built in 2006 on 1.86 ac lot across from a Meijer store.  100% leased.  NOI $244K/yr. $2.872M. 8.5% cap. Community Center in Bakersfield, CA:  87,803 SF center on 8.17 ac at a signalized corner.  Anchored by Vons Grocery (NYSE: SFW, S&P BBB).  Pro forma NOI $976K/yr. $13.75M. 7.1% cap. Urgent Care Center in Peoria, AZ: 5165 SF new urgent care center under construction on .91 ac lot in high income/high growth area.  12 yrs absolute NNN corp lease to Urgent Care Extra with 42 locations in NV and AZ.  NOI $160K/yr with 3% annual rent bumps. $2.735M.  5.85% cap. Retail Plaza in Yukon, OK: 24,280 SF retail center built in 2003 on 2.92 ac lot in Oklahoma city metro.  100% leased to 13 tenants.  NOI $227K/yr. $2.525M. 9% cap. Quality Inn in Santa Maria, CA: 64-room Quality Inn on 2.1 ac lot right off Hwy 101 exit and near Marian Regional Medical Center. Avg occupancy of 66% and daily rate of $94.  NOI $540K.  $6.75M. 8% cap. Shopping Plaza in Mesa, AZ:  34,405 SF retail center on 3.19 ac corner lot .  92% leased to 8 tenants with 2 vacant units. NOI $242K/yr.  $3.3m. 7.4% 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.  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.