Wednesday, November 25, 2015

11-11: VCA Animal Hospital, AAP, 24 Hour Fitness, DaVita, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in Burton, MI: 20,466 SF shopping center built in 2005 on 2.58 acres lot across from Meijer in Flint metro.  91% leased.  NOI $226K/yr. $2.499M. 9.05% cap.  Upside potential when fully leased.
  2. VCA in Charlotte, NC: 10,068 SF animal hospital built in 2000 on 2.26 ac lot in upper middle-class area. 10-yrs NNN lease with 5 yrs left to publically traded VCA Animal Hospitals (NASDAQ: WOOF with S&P BB).  NOI $193K/yr. $2.85M. 6.78% cap.
  3. Retail Center in Saint Cloud, FL: 14,540 SF retail center completed in 2007 on 1.41 ac lot in Orlando suburbs. Major tenants: Quest Diagnostics, Berkshire Hathaway and Donation Express. 100% NNN leased. NOI $183K/yr. $2.35M. 7.81% cap.
  4. Shopping Center in Clive, IA: 24,053 SF shopping center built in 2006 on 2.88 ac lot in a high income Des Moines MSA. Adjacent to Methodist West Hospital and Mercy Medical Center. 100% leased. NOI $497K/yr. $7.211M. 6.90% cap.
  5. Advance Auto Parts in Ocoee, FL: 7000 SF auto center constructed in 2007 on over 1 ac lot in growing middle-class Orlando suburbs. 100% NNN corp lease with 7 yrs left. NOI $159K/yr. $2.5M. 6.37% cap.
  6. Retail Center in Campton, CA: 9157 SF well maintained retail center built in 1994 at a corner lot location. In densely populated Los Angeles area with over 900,000 residents in a 5 mile ring. 100% leased to eleven tenants. NOI $97K/yr. $1.55M. 6.30% cap.
  7. Retail Building in Blaine, MN: 9786 SF attractive retail center on 1.33 ac lot in fast growing and high income (AHI $89K/yr) St Paul suburbs. Across from Walmart and Lowe's. NNN leased. NOI $192K/yr. $2.4M. 8% cap.
  8.  24 Hour Fitness in Palmdale, CA: 20,240 SF state-of-the-art fitness center on 1.77 ac outparcel to Antelope Valley Mall in growing and high income Southern California. With easy access to Hwy-14. 100% NNN corp lease with 8 yrs left. NOI $442K/yr. $7.075M. 6.25% cap.
  9. DaVita in Huntington Park, CA: 7400 SF attractive dialysis center built in 2009 on .51 ac lot in densely populated Los Angeles area. 100% NNN corp lease with 5 yrs left. NOI $308K/yr with 10% rent bumps every 5 yrs. $5.51M. 5.60% cap.
  10. Retail Center in Pasco, WA: 12,015 SF retail center constructed in 2006 on over 1 ac outparcel to Walmart Supercenter in Kennewick suburbs. Excellent demographics: 375% pop growth since 2000 and AHI of $$73K/yr in a 1 mile ring. 100% NNN leased. NOI $263K/yr. $3.906M. 6.75% 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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