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Blog Archives

10-16: Walgreens, MedCare Urgent Care, Arby’s, MOB, Hardee’s, Retail Plazas

  1.   Retail Center in Jeffersonville, IN: 19,500 SF well maintained retail center built in 2002 on 1.78 ac lot in Louisville suburbs. Adjacent to Meijer Supermarket. 100% NNN leased with excellent tenant mix including Subway, Domino’s Pizza, H&R Block and Great Clips. NOI $179K/yr. $2.3M. 7.80% cap. 2.   Retail Plaza in Spring, TX: 26,472 SF attractive retail center constructed in 2005 on 2.24 ac lot in high income Houston …Read More

10-01: MOB, Office Building, Jack in the Box, Retail Plazas, Rite Aid, Retail Centers

  1.   Retail Center in Concord, NC: 15,625 SF well maintained retail center completed in 2003 on 3.43 ac corner lot in Charlotte MSA. 100% leased to multiple tenants including Dollar Genera, Jackson Hewitt and Boost Mobile. NOI $147K/yr. $1.909M. 7.75% cap. 2.   MOB in Fort Collins, CO: 3384 SF attractive single tenant medical office building adjacent to a busy corner location in growing Denver metro. 10 year NNN- lease …Read More

09-30: Rite Aid, Freddy’s Frozen Custard, IHOP, MOB, Office Buildings, Retail Plazas

Installed Plugins   1.   MOB in Albuquerque, NM: 8,300 SF well maintained single tenant medical office building on 1.54 ac lot. Close to Presbyterian Kaseman Hospital and I-40. 100% NNN lease with 15 years left to Modern Vascular. 3 year corp guarantee. NOI $360K/yr with scheduled rent increases. $4.8M. 7.5% cap. 2.   Rite Aid in Chesapeake, VA: 10,168 SF drive-thru Rite Aid built in 1995 on 1.27 ac lot at …Read More

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 …Read More

09-03: MOB, Golden Corral, FedEx Office, Storming Crab, Retail Centers, Shopping Centers

  1.   Shopping Center in Redwood City, CA: 37,399 SF well kept retail center on 2.28 ac lot in high income Silicon Valley with an AHI of $148K/yr in a 3 mile ring. Along busy El Camino Real, a major thoroughfare. Adjacent to Hwy-84. 100% NNN leased to Bed, Bath and Beyond, Starbucks, Subway, Wingstop, Floating Spa and Family Wash. NOI $1.013M/yr. 2.   Strip Center in Mary Esther, FL: 5,020 …Read More

08-19: MOB, Hooters Restaurant, Egg Basket Pancake House & Restaurant, Retail Centers, Shopping Plazas, Anchored Shopping Centers

  1.   MOB in Land O Lakes, FL: 7100 SF Class-B single tenant medical office building completed in 2007 in middle-class Tampa metro. Part of Offices Of Devonwood, an attractive condominium office park. Along Hwy-54 with over 45,000 CPD. 100% leased with over 5 years left to WellMed with locations in TX & FL. NOI $150K/yr with 2% annual rent increases. $1.9M. 7.94% cap. 2.   Hooters in Rockford, IL: 4,309 …Read More

07-31: McAlister’s Deli, Dollar General, MOB, Office Building, Family Dollar, Taco Bell, Shopping Centers

1.   Shopping Center in Mobile, AL: 37,341 SF attractive shopping center built in 2007 on 5.4 ac lot. Shadow anchored by Walmart Supercenter. Key tenants: Anytime Fitness, Cricket Wireless, Moe’s Original BBQ, Rent-A-Center and Hibbett Sports. 83% leased with excellent tenant mix. Actual NOI $355K/yr. $4.19M. 8.5% cap. Upside potential when fully leased. 2.   McAlister’s Deli in Amarillo, TX: 4148 SF freestanding franchised restaurant renovated in 2010 on nearly 1 …Read More

07-17: Daycare Facilities, MOB, Professional Buildings, Retail Centers, Shopping Plazas

  1.   Shopping Center in Fresno, CA: 55,568 SF consisting of two retail centers on 6.37 ac lot adjacent to a major signalized corner location with over 70,000 in combined CPT. Close to Fashion Fair Mall. With easy access to Hwy-41. NOI $465K/yr. $6.295M. 7.40% cap. 2.   Daycare Center in Mount Laurel, NJ: 6140 SF well kept single tenant daycare facility built in 1995 on 1 ac lot in Philadelphia …Read More

06-27: Day Care Facility, Walgreens, MOB, Shopping Centers, Strip Centers

Advisory: The interest rates are falling! Transmercial recently receives a loan quote for a 10 years fixed rate at 4.08% for a shopping center in NM and another 7 years fixed rate for 4.05% for another medical office building in GA. Transmercial has not seen these low rates for awhile. When the cap rate remains the same but the interest rates are lower, the return of investment is higher and more attractive. …Read More

06-03: Meineke Car Care Center, Walgreens, Professional Buildings, Retail Centers, MOB

  1.   Meineke in Mobile, AL: 4,200 SF newly constructed car care center. Adjacent to Walmart Neighborhood Market. Close to University of South Alabama. New 10 year absolute NNN lease to a strong operator with over 900 locations. NOI $105K/yr with 1.5% annual rent increases. NOI $1.5M. 7% cap. 2.   Walgreens in Kansas City, MO: 13,905 SF drive-thru drug store completed in 2000 on 1.50 ac lot at a hard …Read More