01-31: CRUNCH Fitness, Key Food Supermarkets Plaza, MOB, Fry’s Food Shadow Anchored Center, Walgreens, Goodyear, Elstar Dental, Retail Centers

2. Elstar Dental in McAllen, TX: 7,500 SF medical office building developed in 2000 on over 1 ac lot. Along busy retail corridor. Recently extended NNN- lease till 2027 to an operator with multiple locations. NOI $217K/yr. $2.9M. 7.50% cap.

3. Strip Center in San Jose, CA: 4,900 SF five-units retail center constructed in 1971 on .56 ac lot. Adjacent to Regional Medical Center. With easy access to I-680. 84% occupied with one 800 SF vacancy. $3.2M. NOI/Cap N/A.

4. Key Food Supermarkets Anchored Plaza in Hartford, CT: 108,615 SF attractive neighborhood center on 7.31 ac lot anchored by Key Food Supermarkets with 324 locations. Close to Hartford Hospital. 90% leased to national, regional and local tenants. NOI $1.04M/yr. $16M. 6.5% cap.

5. Shopping Plaza in Clearwater, FL: 35,520 SF consisting of three multitenant retail centers developed in 1982 on 3.88 ac lot in Tampa MSA. Along Hwy-19 with over 76,000 VPD. 91% leased. Mostly NNN leased. NOI $428K/yr. Price reduced from $6.5M. to $6.35M. 6.75% cap.

6. CHOP Anchored MOB in Norristown, PA: 17,973 SF medical office building renovated in 2019 on 1.50 ac lot in Philadelphia metro. Close to Norristown State Hospital. 83% occupied by 10,000 SF Children’s Hospital of Philadelphia and Jefferson/Fornance Physicians. NOI $298K/yr. with a master lease. $4.262M. 7% cap.

7. Fry’s Food & Drug Shadow Anchored Center in Phoenix, AZ: 17,055 SF well maintained retail center built in 1990 on 1.45 ac lot. Shadow anchored by Fry’s (Kroger) grocery store. 100% NNN leased to multiple tenants. NOI $358K/yr. Price reduced from $5.627M. $5.522M. 6.50% cap.

8. Walgreens in St. Louis, MO: 17,780 SF drive-thru pharmacy built in 1996 on 2.16 ac lot. Close to South City Hospital. With easy access to I-55 with over 83,000 VPD. 100% NNN- corp lease till 2026. NOI $254K/yr. $3.637M. 7% cap.

9. Goodyear in Clearwater, FL: 5506 SF highly-rated four-bay tire shop constructed in 1992 on .97 ac lot in Tampa MSA. Along major retail corridor with over 58,000 CPD. 100% NNN- corp lease till 2033. NOI $80K/yr. with scheduled rental increases. $1.335M. 6% cap.

10. CRUNCH Fitness in Corona, CA: 17,956 SF well maintained fitness center renovated in 2018 on 1.32 ac lot in densely populated Los Angeles suburbs. 100% NNN- lease till 2032 operated by the #1 largest franchise with 48 locations. NOI $430K/yr. with a rent bum in 2027. $6.16M. 7% cap.

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.