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09-16: Rite Aid, Denny’s, Medical Plaza, Advance Auto Parts, Church’s Chicken, Dollar Tree, MOB

1.   MOB in Prescott, AZ: 7394 SF attractive single tenant medical office building constructed in 2002. Across from Yavapai Regional Medical Center. 100% lease to YRMC Cardiac Services till 2022. NOI $134K/yr. $1.9M. 7.08% cap.

2.   Rite Aid in Wilmington, DE: 11,180 SF drive-thru Rite Aid pharmacy built in 1999 on nearly 1 ac lot in Philadelphia MSA. With four points of ingress/egress. 100% NNN- corp lease till 2023. NOI $202K/yr. $2.531M. 8% cap.

3.   Dollar Tree in Columbia, SC: 10,908 SF free-standing retail building constructed in 1999 on 1.65 ac lot along busy retail artery with over 36,000 CPD. 100% NNN- corp lease till 2024. NOI $141K/yr. $2.025M. 7% cap.

4.   MOB in Weatherford, TX: 11,894 SF attractive high-quality construction medical office building completed in 2010 in fast growing Fort Worth metro. 100% NNN leased to Fresenius and HCA. NOI $248K/yr. $3.55M. 7% cap.

5.   Retail Plaza in Redding, CA: 88,447 SF well maintained shopping center on over 4 ac lot in a fast growing area. 90% leased to multiple national and local tenants. NOI $669K/yr. $8.8M. 7.61% cap. Upside potential when fully leased.

6.   Rite Aid in Hiram, GA: 11,340 SF drug store constructed in 1996 on over 1 ac lot at a major signalized corner intersection in growing Atlanta suburbs. NOI $186K/yr. $2.493M. 7.5% ap.

7.   Advance Auto Parts in Burton, MI: 6,750 SF single tenant retail center built in 2000 on nearly 1 ac lot in Flint suburbs. 100% NNN lease till 2024. NOI $68K/yr. $929K. 7.35% cap.

8.   Church’s Chicken in Houston, TX: 1815 single tenant fast food restaurant on .55 ac lot in middle-class neighborhood. 100% leased. NOI $75K/yr. $1.043M. 7.25% cap,

9.   Medical Plaza in Sun City West, AZ: 17,671 SF consisting of two medical office buildings constructed in 2003 on 1.56 ac lot in Phoenix suburbs. 100% leased to four long-term tenants. NOI $438K/yr. $6.267M. 7% cap.  

10.Denny’s in Wichita, KS: 3485 SF well kept Denny’s restaurant on .90 ac lot. Visible from Hwy-54/400 with over 84,000 VPD. Close to Towne West Square Mall and I-235. 100% absolute NNN corp lease till 2023. NOI $56K/yr. $940K. 6% cap. Note: flyer not available, full brochure upon request.             

 

 

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/MHI: Avg./Median 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.