03-06: MOB, Medical Center, MyEyeDr., Walgreens, Mixed-use, Shopping Centers, Ollie’s Bargain Outlet Anchored Plaza, Strip Centers

2. MOB in Pasadena, TX: 25,444 SF attractive medical office building completed in 1984 on a 3.77-acre lot. In the Houston MSA. 100% NNN leased with an excellent tenant mix including NAG Clinic, Fairmont Pediatrics and Associates & Pasadena OBGYN. NOI $537K/yr. $6.678M. 8.05% cap.

3. Mixed-use Building in San Antonio, TX: 6,022 SF multitenant medical and professional office building developed in 2017. Along a busy corridor with 46,000 CPD. In a fast-growing and high-income area. 100% NNN leased to South Texas Radiology and Edward Jones. NOI $144K/yr. $2.065M. 7% cap.

4. Ollie’s Bargain Outlet Anchored Plaza in Kenosha, WI: 52,172 SF retail plaza completed in 1977 on a 4.31-acre lot in the Milwaukee MSA. Shadow-anchored by CVS Pharmacy. With multiple points of ingress/egress. 98% occupied. NOI $415K/yr. $4.97M. 8.37% cap.

5. Ross Shadow Anchored Center in Lancaster, CA: 17,128 SF inline retail building renovated in 2021 on a 1.15-acre lot. Next to Ross Dress for Less with easy access to Hwy-14. Located in northern Los Angeles County. 100% leased to Big 5 Sporting Goods and H&R Block. NOI $348K/yr. $4.36M. 8% cap.

6. Burlington Shadow Anchored Center in Lancaster, CA: 10,493 SF inline strip center on a 0.93-acre lot. At a major retail hub. Shadow-anchored by Burlington and Target with easy access from Fwy-14. 100% NNN leased to Aaron’s, Legal Express, and Polette’s Nail Supply. NOI $192K/yr. $2.4M. 8% cap.

7. Medical Center in Fox Point, WI: 15,601 SF state-of-the-art medical building on a 1.58-acre lot. At a signalized corner location. Anchored by Children’s Wisconsin. In Milwaukee suburbs. 100% NNN leased to multiple tenants. NOI $323K/yr. $4.491M. 7.2% cap.

8. Strip Center in McHenry, IL: 7,035 SF attractive multitenant center built in 2009 on a 1.09-acre lot. With excellent visibility along a busy retail corridor. Close to Walmart Supercenter. In the affluent Chicago MSA with an AHI of $115K/yr. in a 1-mile radius. Fully occupied by Verizon Wireless, Lacey’s Place (gaming parlor with 39 locations), and Biggby Coffee. NOI $199K/yr. $2.789M. 7.15% cap.

9. MyEyeDr. in Burlington, NC: 3,722 SF freestanding medical office building. Across from Holly Hill Mall. Along Hwy-70. 100% NNN- corporate lease with 4 years remaining to a strong operator with 800+ locations. NOI $84K/yr. with 3% annual rent increases. $1.255M. 6.75% cap.

10. Walgreens in Greeley, CO: 14,440 SF well-maintained standalone retail building constructed in 2006 on a 2.25-acre lot. Only 3 minutes from the 234-bed Banner North Colorado Medical Center and 2 miles from the University of Northern Colorado. In a densely populated and high-income Denver metro area. 100% absolute NNN corporate lease through 2037. NOI $400K/yr. $3.999M. 10% cap. Note: flyer not available, full brochure upon request.

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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