Friday, November 6, 2015

10-22: Walgreens, CheckSmart, VCA Animal Hospital, Retail Center


Daily Best Commercial Properties

  1. Retail Center in Cumming, GA: 12,778 SF newly constructed retail center in affluent Atlanta metro with an AHI of $115K/yr. Tenants include: Subway, Marco's Pizza, Carriage Cleaners, Jasmine Spa and The Mint Indian Bistro & Bar. 100% NNN leased. NOI $213K/yr. $2.85M. 7.5% cap.
  2. MOB in Denton, TX: 14,565 SF Class-A medical office building on over 1 ac lot in Fort Worth/Dallas MSA. Across from Texas Health Presb-Hospital and with easy access to I-35. 100% NNN leased to three tenants. NOI $334K/yr. $4.785M. 7% cap.
  3. Retail Center in Tomball, TX: 19,296 SF retail center built in 2005 on over 1 ac lot in fast growing and affluent (AHI $132K/yr) Houston suburbs. 88% leased. Actual NOI $127K/yr. $1.695M. 7.50% cap.
  4. Walgreens in Indianapolis, IN: 15,120 SF well maintained drug-store at a signalized corner location in a fast growing area. Close to Hwy-67. 100% NNN corp lease with 5 yrs left. NOI $285K/yr. $3.455M. 8.25% cap.
  5. CheckSmart in Gladstone, MO: 2050 SF drive-thru retail building remodeled in 2006 on .75 ac lot in Kansas City suburbs. 100% absolute NNN lease with 4-yrs left. Tenant has been here for 9 years.  NOI $99K/yr with 3% annual rent increases. $1.243M. 8% cap.
  6. Retail Center in San Antonio, TX: attractive retail center built in 2006 on 1.16 ac lot at a hard corner location anchored by Family Dollar. 100% leased. NOI/Cap N/A.
  7. VCA Animal Hospital in Saint Petersburg, FL: 15,979 SF animal hospital on nearly 1 ac lot in Tampa suburbs. 85% NNN lease till 2029 to publically traded VCA Animal Hospitals (NASDAQ: WOOF with S&P BB).  NOI $276K/yr. with 2% rent bumps $3.495M. 7.90% cap. Upside potential when 2397 SF on 2nd floor is leased.
  8. Retail Center in Acworth, GA: 19,600 SF attractive retail center in growing upper middle-class Atlanta suburbs. Tenants include: Thai Restaurant, Hair Salon, Nail Salon, StaFit Heath and LaCabana Restaurant. 73% NNN leased. Actual NOI $123K/yr. $1.37M. 9% cap.
  9. Retail Center in Houston, TX: 22,507 SF L-shaped retail center renovated in 2005 on 1.43 ac lot in growing middle-class neighborhood. 90% leased to local tenants. Actual NOI $154K/yr. $2.5M. 7% cap. Upside potential.
  10. Retail Center in Hammond, LA: 21,950 SF attractive retail center built in 2005 on nearly 2 ac outparcel to Walmart Supercenter. Major tenants include: GameStop, Hibbett Sport, AT&T, Express Check & Jackson Hewitt. 92% NNN leased with good tenant mix. Actual NOI $263K/yr. $3.195M. 8.24% 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.
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