08-17: Rite Aid, Goodyear, Tutor Time, Apartments, MOB, Montessori Academy, Pep Boys

Daily Best Commercial Properties

Rite Aid in Decatur, GA: 10,558 SF drive-thru pharmacy built in 1995 on nearly 2 ac lot at a hard corner location in growing Atlanta suburbs. Close to Kensington Station. 20 yrs NNN- corp lease with over 4 yrs left. NOI $207K/yr. $2.768M. 7.50% cap. NOTE: flyer not available full brochure upon request. Goodyear in Indianapolis, IN: 6293 SF auto center constructed in 1990 on .57 ac lot in a growing and high income area with an AHI of $86K/yr in a 1 mile ring. Tenant has been at this location for 20 yrs. Adjacent to ALDI, Meijer Supermarkets, Kroger and Menards.  Recently renovated 10 yrs absolute NNN lease. NOI $82K/yr with 10% rent bumps every 5 yrs. $1.267M. 6.5% cap. Retail Center in Lewisville, TX: 14,123 SF attractive retail center built in 2008 on nearly 2 ac lot along busy artery in growing (93% pop growth since 2000) and high income (AHI $101K/yr in a 3 mile ring) Ft. Worth/Dallas suburbs. 100% leased. NOI $155K/yr. $1.6M. 9.70% cap. Rite Aid in Manchester, NH: 13,667 SF 24 Hour Rite Aid with double drive-thru in middle-class Boston MSA. Adjacent to Eliot Health System Hospital. 20 yrs absolute NNN corp lease with 12 yrs left. NOI $225K/yr with a 10% rent bump in 2018. $3.925M. 5.75% cap. Shopping Center in Tampa, FL: 41,691 SF attractive shopping center built in 1991 on 4.20 ac lot at a signalized intersection anchored by Save A Lot grocery. Close to Bush Gardens, a Venerable theme park with thrill rides, African animals, live entertainment and kiddie attractions. NOI $273K/yr. $3.9M. 7% cap. Tutor Time in Portage, MI: 10,268 SF day care facility constructed in 1998 on over 1 ac lot in Kalamazoo suburbs. Near 769,000 SF The Crossroads Mall. Recently renovated lease with 7 yrs left. NOI $183K/yr. $2.44M. 7.50% cap. Apartments in Sacramento, CA: 31-units well maintained multifamily apartment complex on over 1 ac lot in a fast growing area. Property consist of 23 1-bed/1-bath, 7 2-bed/1-bath and one studio. With easy access to I-80. NOI $151K/yr. $2.05M. 7.37% cap. MOB in Decatur, GA: 6000 SF Class-A single tenant medical office building completed in 1991 on over 2 ac lot in growing Atlanta suburbs. Close to Kaiser Permanente Panola Medical Center and I-20. 100% NNN- lease with 5 yrs left to Georgia Health Partners with two locations. NOI $55K/yr with 2.5% annual rent bumps. $700K. 7.90% cap. Montessori Academy in Tampa, FL: 7127 SF well maintained day care facility on 1.98 ac lot in growing upper middle-class area. This is a sale-leaseback investment. New 10 yrs NNN lease. NOI $156K/yr with 2.5% annual rent bumps. $1.642M. 9.50% cap. Pep Boys in Sanford, FL: 8520 SF single tenant auto center on .37 ac lot along busy thoroughfare.  Close to Central Florida Regional Hospital. 100% absolute NNN corp lease with 3 yrs left. NOI $80K/yr. $1.15M. 7% cap.

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.