02-26: MOB, Walgreens, Retail Centers, Office Buildings

Daily Best Commercial Properties

Neighborhood Center in Downers Grove, IL: 218,091 SF attractive shopping center on over 13 acres of land along major retail artery in Chicago metro. Between Finley Square Mall and Yorktown Center. With easy access to I-355/I-88. 98% leased to national, regional and local tenants. Actual NOI $1.467M/yr. $17.4M. 8.43% cap. MOB in Corona, CA: 45,793 SF well maintained multitenant medical office building on 4.27 ac lot in Riverside County. Adjacent to Corona Rehab Hospital and Kaiser Permanente. 93% leased. NOI $678K/yr. $11.3M. 6% cap. Retail Center in Dallas, TX: 40,752 SF well kept retail center on over 3 ac lot along busy corridor. Across from Texas Instruments and near Kindred Hospital. 65% leased. $3.5M. NOI N/A. Retail Center in Leawood, KS: 16,809 SF retail center completed in 2004 on over 2 ac lot in a growing and affluent (AHI $143K/yr) Kansas City metro. 100% leased. NOI $311K/yr. $4.15M. 7.50% cap. Shopping Center in Lake Jackson, TX: 65,408 SF consisting of two retail center on over 6 ac lot anchored by Academy Sports. Across from Brazos Mall. 94% leased. NOI $760K/yr. $9.5M. 8% cap. Office Building in Las Vegas, NV: 12,500 SF Class-A office building on nearly 1 ac lot along busy artery. 85% NNN leased to multiple tenants. NOI $147K/yr. $2.1M. 7% cap. Retail Building in Conyers, GA: 4882 SF newly-renovated 2-unit retail center at a hard corner location in growing Atlanta metro consists of 2782 SF Church's Chicken with new 15 yrs lease and 2100 SF Express Pharmacy. Across from Rockdale Hospital. 100% NNN leased. NOI $78K/yr. $975K. 8% cap. MOB in Las Vegas, NV: 44,894 SF Class-B single-tenant medical office building constructed in 1995. Close to Mountain View Hospital. 100% NNN leased with 7 yrs left to United Healthcare Services (NYSE :UNH) a managed health care company and number 14 on the Fortune 500 with $141.5 Billion in revenue in 2015. NOI $1.077M/yr with 1.5% annual renter increases. $15.75M. 6.84% cap. Strip Center in Pittsburg, CA: 5900 SF five-units strip center on .59 ac corner lot in Contra Costa County. 75% NNN leased to 7-Eleven, BBQ Cafe and Social Service Agency. NOI $84K/yr. $1.4M. 6% cap.  Walgreens in Chicago, IL: 13,000 SF built-to-suit pharmacy constructed in 1993 on 1 ac lot at a signalized intersection. With easy access to I-90. 100% NN lease with 4-yrs left. NOI $159K/yr. Price reduced from $2.461M to $2.285M. 7% cap. Store with strong estimated $8M/year in sales (this means tenant is likely to renew lease).

(c) Transmercial 2016

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.