01-04: Burlington Anchored Center, KOHL’S Shadow Anchored Centers, MyEyeDr., MOB, Retail Plazas

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  1. Retail Plaza in Grand Forks, ND: 61,226 SF attractive retail plaza renovated in 2018 & 2022 on 6.01 acres lot. Outparcel to Columbia Mall. Near University of North Dakota with 17,650 students. 100% NNN leased to three national tenants; Ross Dress for Less, PetSmart, and Harbor Freight Tools. NOI $710K/yr. $8.8M. 8.07% cap.
  2. Burlington Anchored Center in Amarillo, TX: 167,490 SF Class-A neighborhood plaza completed in 2009 on 16.32 acres lot. Anchored by 80,000 SF Burlington and 15,000 SF Petco. With multiple points of ingress/egress. Adjacent to I-40. 99% occupied. NOI $1.73M/yr. $24.435M. 7.10% cap.
  3. Town Center in Clemmons, NC: 72,513 SF eye-catching shopping center developed in 2019 on 4.32 acres lot. In affluent Winston-Salem MSA with an AHI of $122K/yr. in a 1-mile radius. With easy access to I-40 with 66,412 VPD. 100% leased to multiple tenants including; Planet Fitness, Fleet Feet with over 200 locations, East Coast Wings + Grill with 40+ locations, Cugino Forno Pizzeria, a highly-rated operator with 6 locations, Novant Health, and Abbotts Custard with 40+ locations. Mostly NNN leased. NOI $1.301M/yr. $17.97M. 7.25% cap.
  4. Safeway Shadow Anchored Center in San Jose, CA: 16,032 SF well maintained multitenant center constructed in 1988 on 1.11 acres lot. Shadow anchored by Safeway, Savers, and JoAnn’s Fabrics. Close to Westfield Oakridge Mall. 93% NNN leased. NOI $682K/yr. $12.988M. 5.26% cap.
  5. KOHL’S Shadow Anchored Centers in Lake Jackson, TX: 34,564 SF consisting of two multitenant retail centers built in 2006 on 3.4 acres lot in Houston metro. At a major retail hub. Across from Brazos Mall. 100% NNN leased with excellent tenant mix including; Sally Beauty, Affordable Dentures, Maurice’s, Quest Diagnostics, Kumon Learning Center, U Brake I Fix and more. NOI $690K/yr. $9.5M. 7.25% cap.
  6. Retail Plaza in Centennial, CO: 96,634 SF shopping plaza constructed in 1985 on nearly 10 acres lot. At a signalized corner location with 44,000 CPD in combined daily traffic. In prosperous Denver suburbs with an AHI of $166K/yr. in a 3-mile ring. 96% leased with good tenant mix. NOI $1.279M/yr. $15.95M. 8.02% cap.
  7. MOB in Kingsport, TN: 50,050 SF multitenant medical office building completed in 1983 on 5.35 acres lot. Close to Indian Path Community Hospital. 98% occupied to 43,019 SF Ballad Health (S&P A), and Creekside Behavioral Health. NOI $844K/yr. $10.239M. 8.25% cap.
  8. MyEyeDr. in Greenville, NC: 5,710 SF eye care center on .55 ac lot. Along busy retail corridor with 26,000 VPD. Near Greenville Mall. 100% NNN- lease till 2028 to a strong operator with over 500 vision care centers across the country. NOI $172K/yr. with 1% annual rent increases. $2.374M. 7.25% cap.
  9. MyEyeDr. in Raleigh, NC: 5,096 SF single tenant medical building in a fast growing and high-income neighborhood. Along Hwy-64 with 45,500 CPD. 100% NNN- lease till 2028 to strong operator with over 500 vision care centers across the country. NOI $91K/yr. with 1% annual rent bumps. $1.267M. 7.25% cap.
  10. MyEyeDr. in Leland, NC: 4,212 SF attractive single tenant medical office building on .45 ac lot in Wilmington suburbs. Adjacent to Hwy-17 with 53,500 CPC. 100% NNN- lease till 2028 to on operator with over 500 vision care centers across the country. NOI $98K/yr. with 1% annual increases. $1.357M. 7.25% 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.

 

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