02-17: MOBs, Planet Fitness, Shopping Centers, Burger King, Surgery Center, Industrial Building

1.     Medical Office Building in Douglasville, GA: 11,900 SF 4-unit MOB with billboard built in 2009 on 1.56 acres corner lot of I-20 & I-92 in Atlanta metro. 100% leased to 4 tenants, 3 of whom are medical. NOI $233K. $3.09M. 7.25% cap.

2.     Planet Fitness Center in Schaumburg, IL: 22,988 SF fitness center on a major artery with 43,100 VPD near I-290. Part of a bigger shopping center anchored by Kohls, Buybuy Baby. Close to Woodfield Mall, the largest mall in IL. High income area with AHI of $111K/yr in 3 miles. 100% NNN- till 2031 by a franchisee with 80+ locations. NOI $385K/yr with 10% rent bumps every 5 yrs. $5.275M. 7.25% cap.

3.     Shopping Plaza in Racine, WI: 147,500 SF shopping plaza on 13.57 acres lot in Racine, a city between Milwaukee and Chicago. Close to 872,000 SF Regency Mall with 110 stores. Anchored by Piggly Wiggly supermarket with stores in 18 states, Citi Trends, and Dollar General. 100% NNN leased to 16 tenants. NOI $779K/yr. $9.6M. 8.12% cap.

4.     Shopping Center in Fairfield, CA: 24,680 SF 14-unit mature strip center on 2.23 acres corner lot. 72% leased. Proforma NOI of $266K/yr. $3.84M. 6.92% cap.

5.     Aurora Manitowoc Surgery Center in Manitowoc, WI: 8711 SF surgery center on .82 acres lot on the shore of Lake Michigan. 100% absolute NNN lease to Aurora Health Care (Moody’s Aa3) till 12/2024, one of the 12 largest not-for-profit, integrated health systems in the United States. NOI $183K/yr with 2.5% annual rent bumps. $1.83M. 10% cap.

6.     Burger King in Brownsville, TX: 4796 SF fast food restaurant renovated in 2016 on 1.38 acres lot. 100% absolute NNN lease to a franchisee with 1200+ locations. NOI $126K/yr. $1.867M. 6.75% cap.

7.     Multi-specialty sponsored MOB in Douglasville, GA: 26,216 SF MOB in fast growing & middle class Atlanta metro. 100% NNN leased to 3 tenants with new 10 yrs leases: PIEDMONT ORTHOPEDICS, PIEDMONT HEART INSTITUTE, and Piedmont Urgent care. NOI $642K/yr. with annual increases. Unpriced.

8.     Industrial Building in Jackson, GA: 81,517 SF industrial building constructed in 2002 on 12.5 acres lot in Atlanta metro. New 15 years absolute NNN lease to B&G in Pest Control business since 1949 with  projected 2023 annual revenue of $59M and EBITDA of $10+M. NOI $489K/yr with 2% annual rent bumps. $6.6M. 7.4% cap. This is a sale and lease back.

9.     Shopping Center in Rio Rancho, NM: 39,685 SF shopping center built in 1988 on 4.39 acres lot as part of a larger retail center in the growing Albuquerque metro with AHI of $91K/yr in 1 mile. 90% NNN leased to 12 tenants with 2 vacant units. NOI $346K/yr. $4.618M. 7.5% cap. Upside potential when fully leased.

10.  Shopping Center in Lafayette, IN: 41,200 SF shopping center built in 2004 on 8.54 acres lot. 82% NNN leased to 11 tenants including: Metro PCS, Subway, CATO, Dollar Tree, Edward Jones, Pap Johns Pizza, Rent A Center. NOI $393K/yr. $5.627M. 7% cap. Upside potential when fully leased. No flyer. Full brochure available.

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.