03-04: STNL, Grocery Shadow Anchored Centers, Animal Hospitals, MOB, Lithonia Pediatric Dentistry, Walgreens, Touchstone Imaging, Retail Centers

2. Dunham’s Sports & Ross Anchored Plaza in West Bend, WI: 127,840 SF well-maintained shopping plaza on a 15.04-acre lot. Next to Walmart Supercenter. Adjacent to an off/on ramp of Hwy-45. Other key tenants include Vortex Pickleball Club, Great Clips, Check N Go, Subway, Old Navy, and GameStop. 96% occupied. NOI $969K/yr. $13.3M. 7.29% cap.

3. Grocery Shadow Anchored Center in Broomfield, CO: 85,131 SF shopping plaza on a 9.82-acre lot. Shadow-anchored by GW Supermarket with 23 locations in seven states. Adjacent to four signalized intersections. Along State Highway 287 with 28,600 CPD. In the high-income Denver MSA with an AHI of $155K/yr in a 3-mile radius. 92% occupied by a diverse mix of tenants. NOI $1.039M/yr. $14.336M. 7.25% cap.

4. MOB in Daytona Beach, FL: 8,864 SF attractive medical office building renovated in 2023. Close to Halifax Hospital. 100% NNN leased to Florida Autism (BlueSpring Pediatrics, Inc.) and Florida Sickle, a foundation for Sickle Cell Disease. NOI $233K/yr. $3.263M. 7.15% cap.

5. Medical Center in Charlotte, NC: 10,272 SF well-maintained multitenant medical office building constructed in 1987 on a 1.68-acre lot. Along a busy corridor with 38,000 CPD. Fully occupied by ABS Kids, an autism care center with 26 locations, and Sam Kleitches Dentistry. NOI $292K/yr. $3.98M. 7.35% cap.

6. Neighborhood Center in Providence, RI: 75,847 SF attractive shopping center renovated in 2024 on an 8.09-acre lot. Visible and with easy access from Hwy-146. In a densely populated and high-income area. 100% leased to nine tenants, including Oak Street Health and Dollar General. NOI $783K/yr. $10.802M. 7.25% cap.

7. Lithonia Pediatric Dentistry in Lithonia, GA: 3,304 SF single-tenant medical building developed in 2003 on a 1.08-acre lot. Adjacent to The Mall at Stonecrest. In the fast-growing Atlanta metro. This is a sale-leaseback investment. New 10-year NNN lease. Landlord responsibilities: roof and structure. NOI $115K/yr with 3% annual rent increases. $1.595M. 7.25% cap.

8. Excelsior Preparatory Children’s School in Midlothian, TX: 8,320 SF highly-rated preschool completed in 2022 on a 1.62-acre lot. In the fast-growing and affluent Fort Worth/Dallas MSA with an AHI of $119K/yr in a 3-mile radius. 100% NNN lease with over 6 years left. NOI $188K/yr with 2.5% annual rent increases. $2.696M. 7% cap.

9. Touchstone Imaging in Tyler, TX: 8,229 SF single-tenant medical office building developed in 2024 on a 0.95-acre corner lot. 100% NNN lease until 2034 to Touchstone Medical Imaging with 60 locations. NOI $256K/yr with 2% annual rent bumps. $3.2M. 8% cap.

10. Walgreens in Bolingbrook, IL: 14,820 SF drive-thru pharmacy built in 2007 on a 1.85-acre lot. Along a major artery with 45,000 VPD. Close to IKEA and Costco. In a high-income neighborhood with an AHI of $114K/yr in a 3-mile radius. 100% absolute NNN corporate lease until 2033. NOI $379K/yr. $4.9M. 7.75% 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.

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