1. Mixed-use in Palm Bay, FL: 25,200 SF attractive retail/medical center built in 2007 on nearly 3 ac lot. Close to I-95. 100% NNN lease with national, regional and local tenants including Subway, CSI Pediatric Services and Beachside Physical Therapy. NOI $389K/yr. $5.3M. 7.34% cap.
2. Retail Plaza in North Olmsted, OH: 36,516 SF well kept shopping center on 3.81 ac lot along busy artery in Cleveland MSA. Key tenants: Subway, Cricket Wireless, A Child’s View and Danny Boys Pizza. 100% NNN leased. NOI $385K/yr. $4.67M. 8.25% cap.
3. Neighborhood Plaza in Victorville, CA: 102,947 SF neighborhood plaza on 7.52 ac lot in growing San Bernardino suburbs. Shadow anchored by dd’s Discounts. Adjacent to Desert Valley Hospital. 100% NNN leased. NOI $1.338M/yr. $16.94M. 7.90% cap.
4. Strip Center in Cape Coral, FL: 12,000 SF well maintained strip center constructed in 2004 on nearly 1 ac lot in Fort Myers suburbs. All units face busy artery. Near Cape Coral Hospital. 100% leased to six tenants. NOI $91K/yr. $1.45M. 6.29% cap.
5. Retail Center in Chicago, IL: 6780 SF four-units mature retail center at a corner location in densely populated area. 100% leased. $1.13M. NOI/Cap N/A.
6. Retail Center in West Bridgewater, MA: 12,847 SF mature retail center built in 1962 on 1.42 ac corner lot in Boston MSA. 100% leased to multiple tenants. NOI $218K/yr. $3.2M. 6.84% cap.
7. Strip Center in Palatine, IL: 9612 SF well maintained strip center built in 1991 on .78 ac lot in high income (AHI $114K/yr in a 3 mile ring) Chicago metro. All units face Hwy-14. 75% leased to Family Pet Care, Finish Line Fitness and Ross Salon. $975K. NOI/Cap N/A.
8. Professional Building in Las Vegas, NV: 12,927 SF Class-B multitenant professional building completed in 2002 on .82 ac lot. Part of 250,000 SF The Rancho Gowan Business Park. 100% leased to seven tenants. NOI $122K/yr. $1.575M. 7.75% cap.
9. IHOP in Skokie, IL: 3986 SF IHOP franchised restaurant built in 1990 on .45 ac lot at a high traffic signalized corner location in Chicago suburbs. Along major retail thoroughfare. Adjacent to Westfield Old Orchard Mall and close to NorthShore University HealthSystem Skokie Hospital. 100% absolute NNN lease till 2026. NOI $168K/yr with CPI annual rent increases. $2.317M. 7.25% cap.
10. Neighborhood Center in Bradenton, FL: 34,606 SF attractive shopping center completed in 2006 on 6.25 ac lot along major corridor with 47,000 VPD. Close to Walmart Supercenter and I-75. With four points of ingress/egress. 100% NNN leased to multiple tenants. NOI $502K/yr. $7M. 7.18% 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: Avg. 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.
https://transmercial.com/wp-content/uploads/2021/07/TransmercialHeader.jpg00Mariahttps://transmercial.com/wp-content/uploads/2021/07/TransmercialHeader.jpgMaria2019-04-15 18:24:312019-04-15 18:24:3103-18: Mixed-use, Professional Buildings, IHOP Restaurant, Neighborhood Centers, Retail Plazas
Transmercial – Commercial Real Estate
1340 Tully Road, Suite 307, San Jose CA 95122-3055
Tel: (408) 288-5500
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Our office is in the Tully Business Center on Tully Road.
(between Highway 101 and McLaughlin).
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