07-16: HealthCARE Express, DaVita, MOB, Rite Aid, Dollar General, Family Dollar, Advance Auto Parts

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1.   HealthCARE Express in Texarkana, AR: 4223 SF single tenant urgent care center on .73 ac lot. Adjacent to Walmart. Close to I-30. Brand new 15 year absolute NNN lease. NOI $120K/yr with annual rent increases. $1.85M. 6.50% cap.

2.   Dollar General in Texas City, TX: 8125 SF freestanding retail building completed in 2003 on .57 ac lot in Houston MSA. 100% NNN leased. NOI $67K/yr. $925K. 7.30% cap.

3.   Family Dollar in Jacksonville, FL: 8,320 SF newly constructed single tenant retail building on nearly 1 ac corner lot along busy corridor. 100% NNN- corp lease till 2029. NOI $124K/yr. $1.849M. 6.75% cap.

4.   HealthCARE Express in Sherwood, AR: 3523 SF single tenant medical office building completed in 2018 on .91 ac lot in North Little Rock suburbs. Brand new 15 year absolute NNN lease to a regional healthcare operator with 20 locations. $2.229M. NOI/Cap N/A.

5.   Advance Auto Parts in Columbus, OH: 6784 SF well maintained auto center built in 2006 on 1.28 ac lot along busy artery with over 35,000 VPD. 100% absolute NNN corp lease till 2031. NOI $116K/yr. $1.755M. 6.65% cap.

6.   Rite Aid in Waterford, MI: 11,180 SF well kept drive-thru pharmacy completed in 1998 on 1.55 ac lot in Detroit suburbs. Tenant has been at this location since 1997. 100% NNN- corp lease with over 3 years left. NOI $185K/yr. $1.989M. 9.30% cap.

7.   MOB in Maumee, OH: 16,307 SF well maintained medical office building renovated in 2016 on 2.33 ac lot at a signalized intersection in Toledo suburbs. 100% leased to Toledo Clinic, ProMedica, Toledo Sleep Disorders Center and Pulmonary & Critical Care Specialist. NOI $237K/yr. $2.64M. 9% cap.

8.   DaVita in Hemet, CA: 11,596 SF attractive DaVita dialysis clinic on .92 ac lot in growing San Jacinto Valley in Riverside County. 100% NNN- corp lease till 2028. NOI $284K/yr with generous 15% every 5 years. $5.412M. 5.25% 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.

06-30: MOB, Dollar General, Lonestar 24-HR ER, Pep Boys, Rite Aid, Advance Auto Parts, Fresenius Dialysis Anchored Center

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1.   MOB in Hampton, VA: 4900 SF well maintained single tenant medical office building on over 1 ac lot. Close to 224-room Sentara Careplex Hospital. With easy access to I-64 with over 177,000 VPD. 100% corp lease with over 3 years left to Sentara Medical Group. NOI $117K/yr with 3% annual rent increases. $1.3M. 9.07% cap.

2.   Lonestar 24-Hr ER in New Braunfels, TX: 7,596 SF 24HR Emergency Room built in 2017 on 1.34 ac lot in fast growing (20.47% pop growth) and high income San Antonio MSA with a MHI of $106K/yr in a 1 mile radius. New 12 year absolute NNN lease. NOI $360K/yr with 2% annual rent bumps. $5.5M. 6.5% cap.

3.   Pep Boys in Indio, CA: 19,338 SF well kept auto center renovated in 2005 on 1.58 ac lot along main corridor in growing Riverside County. 100% absolute NNN corp lease with 3 years remaining. NOI $299K/yr. $4.433M. 6.75% cap.

4.   Advance Auto Parts in Pleasantville, NJ: 7,000 SF single tenant retail building completed in 2001 on 1.51 ac outparcel to Sam’s Club. 100% NNN- lease till 2024. NOI $110K/yr. $1.706M. 6.50% cap.

5.   Rite Aid in Yuba City, CA: 16,836 SF well performing drive-thru drug store built in 1999 on 1.60 ac lot at a signalized corner intersection. 100% NNN- corp lease till 2024. NOI $298K/yr. $4.594M. 6.5% cap.

6.   Dollar General in Bakersfield, CA: 7480 SF single tenant retail building on over 1 ac lot in growing city north of Los Angeles. 15 years absolute NNN corp lease with 12 years left. NOI $143K/yr. $2.737M. 5.25% cap.

7.   MOB in Glassboro, NJ: 9664 SF well kept single tenant medical office building renovated in 2004 on nearly 1 ac corner lot in Philadelphia suburbs. Adjacent to Rowan University. 100% NNN leased to Jefferson health. NOI 117K/yr. $1.495M. 7.8% cap.

8.   Fresenius Anchored Center in Marietta, GA: 13,448 SF attractive retail center built in 2007 on over 2 ac lot in fast growing & high income Atlanta metro. All four units face major corridor with over 32,000 VPD. 90% leased to 8,120 SF Fresenius Medical Care, Achieve Physical Therapy Solutions and State Farm. NOI $201K/yr. $2.875M. 7.01% actual cap. Upside potential when fully leased.

 

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.

06-19: Walgreens, MOB, DCI Dialysis Clinics, Midwest Dental, Grease Monkey, Dollar General

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1.   MOB in Stockton, CA: 13,549 SF well maintained multitenant medical building completed in 2007 in a growing area. Along a six-lane busy corridor. 100% NNN leased to DaVita Dialysis and Delta Surgical. NOI $385K/yr. $6.43M. 6% cap.

2.   Walgreens in Snellville, GA: 13,089 SF drive-thru pharmacy constructed in 2006 on 2.76 ac lot at a hard corner location in high income Atlanta MSA. 25 year NNN lease with 11 years left. NOI $391K/yr. $6.165M. 6.35% cap.

3.   DCI Dialysis Clinic in Columbus, GA: 7705 SF build-to-suit dialysis center built in 2017 on 1.46 ac lot in upper middle-class area. New 20 year NNN lease to a strong operator with 230 clinics. NOI $184K/yr with 5% rent increases every 5 years. $3.082M 6% cap.

4.   Midwest Dental in Derby, KS: 8436 SF freestanding single tenant medical building renovated in 2019 on .79 ac lot in Wichita suburbs. With three points of ingress/egress. 100% NNN leased till 2032 to a national recognized tenant with 170 locations. NOI $75K/yr. $1.082M. 7% cap.

5.   Grease Monkey in Carol Stream, IL: 3600 SF three-bay auto center built in 1993 on .59 ac lot in high income Chicago metro with an AHI of $119K/yr in a 3 mile radius. 100% absolute NNN lease till 2030 to a strong operator with over 300 locations. NOI $66K/yr with 10% rent increases every 5 years. $1.081M. 6.15% cap.

6.   Dollar General in Taylors, SC: 9014 SF single tenant retail building completed in 2010 on over 2 ac lot in growing Greenville suburbs. 100% NNN- corp lease till 2025. NOI $98K/yr. $1.276M. 7.75% ap.

7.   DCI Dialysis Clinic in Columbus, GA: 4657 SF dialysis center built in 2011 along busy corridor. Close to St. Francis-Emory Healthcare Hospital. With easy access to I-185. New 20 year NNN lease to a strong operator with 230 clinics. NOI $96K/yr with 5% rent bumps every 5 years. $1.604M. 6% cap.

8.   Walgreens in Pomona, CA: 13,737 SF drug store built in 2003 on over 1 ac lot at a signalized corner location in densely populated Los Angeles area. Along major corridor with over 51,000 VPD. 25 year absolute NNN corp lease with over 8 years left. NOI $492K/yr. $8.2M. 6% 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/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.