05-23: Home Depot, Learning Exp, Walgreens, CVS, Dollar General

Daily Best Commercial Properties

Home Depot in Brooklyn Park, MN:  115,227 SF Home Depot built in 1996 on 19.36 ac lot next to I-94 in middle class Minneapolis metro.  100% NNN ground lease (land is for sale) till June 2022 to Home Depot (S&P rated A).  NOI $1.434M with 7.5% rent bumps each 5 yr option. $22.99M. 6.25% cap Learning Experience in Aurora, IL: 10,000 SF childcare center built in 2015 on 1.35 acres lot in high-income Chicago suburbs.  15 yrs NNN corp lease.  NOI $240K/yr with 8% rent bumps every 5 yrs.  $3.1M. 7.75% cap. Retail/Office Building in Buford, GA: 15,000 SF 2-store building completed in 2005 on .92 ac lot in high income Atlanta metro.  93% leased to retail and office tenants.  NOI $133K/yr. $1.675M. 8% cap. Walgreens in Waterloo, IA: 13,500 SF drug store on 1.09 ac corner lot.  20 yrs NNN- with 9 yrs left.  NOI $166K/yr. $2.77M. 6% cap. Office Buildings in Chico, CA: 98,061 SF class-A office building complex consisting of 2 free-standing buildings completed in 2010 on 10.18 ac lot.  100% NNN leased to 2 tenants: United Healthcare which has been here since 2001 & a major healthcare provider (91% of space) and Keller Williams Realty.  NOI $1.575M.  $19.2M. 8% cap. Priced below replacement costs of $25.4M. CVS in Baltimore, MD: 12,608 SF drug store built in 1995 on .61 ac lot in middle-class area.  Tenant recently exercised 1st 5-yr option.  NOI $173K/yr.  $2.476M. 7% cap. CVS in Baltimore, MD: 8450 SF drug store built in 1995 on .59 ac corner lot.  Tenant recently exercised 1st 5-yr option.  NOI $107K/yr.  $1.346M. 8% cap. Dollar General in Spring Hill, FL: 9100  SF brand new Dollar General on 1.53 ac lot next to Publix anchored shopping center in fast growing Tampa metro.  New 15 yrs absolute NNN corp lease with no landlord responsibilities.  NOI $105K/yr. $1.685M. 6.25% cap. Walgreens in Greenwood, IN: 15,120 SF drug store built in 2001 on 1.71 ac outparcel to the Home Depot in upper middle-class Indianapolis suburbs.  Across from Target and Super Walmart.  100% NNN- with 4 yrs left.  NOI $335K/yr. $3.94M. 8.5% cap.

(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.