03-21: Cape Fear Valley Health, DCI Dialysis Clinic, MOB, Anytime Fitness, Dollar Tree, UPMC Pinnacle Colon & Rectal Surgery, Professional Buildings

1. UPMC Pinnacle Colon & Rectal Surgery in Harrisburg, PA: 7,008 SF multi-story single tenant medical building. Within 5-miles of 409-bed UPMC Harrisburg Hospital. Near I-81 with over 64,000 CPD. 7-year NNN- corp lease with under 2 years remaining to a highly-rated medical practice. NOI $117K/yr. with 3.5% annual rent increases. $1.2M. 9.77% cap.

2. Medical Condos in McAllen, TX: 13,582 Class-B consisting of five medical suites completed in 2001 on nearly one ac lot. Along busy artery. 100% occupied. NOI $165K/yr. $2M. 8.29% cap.

3. DCI Dialysis Clinic in Lafayette, LA: 15,100 SF dialysis center built in 2009 on 3.98 ac lot. Visible from I-10. Near Ochsner Univ Hospital & Clinics. Tenant recently extended their lease till 2032. NOI $362K/yr. with CPI rent bumps every 5 years to a dialysis provided with 250 clinics in 29 states. Price reduced from $5.581M. to $5.183M. 7% cap.

4. Shopping Plaza in Rowlett, TX: 28,119 SF attractive retail center developed in 2006 on 3.35 ac lot. In affluent Dallas metro with an AHI of $123K/yr. in a 3-mile radius. 100% NNN leased with great tenant mix including Fresenius and OPA! Greek Taverna. NOI $616K/yr. $8.813M. 7% cap.

5. Professional Center in Peachtree City, GA: 55,781 SF multi-story professional plaza completed in 2006 on 3.29 ac lot in wealthy Atlanta MSA. 95% leased to professional, retail, and medical tenants. NOI $804K/yr. $11M. 7.31% cap.

6. Anytime Fitness in Hobbs, NM: 7,000 SF attractive single tenant retail building on .95 ac lot in a high-income area. Next to Home Depot. 100% absolute NNN lease till 2028. NOI $156K/yr. with 3% annual rent increases. $1.996M. 7.85% cap.

7. Strip Center in Saint Peters, MO: 8,400 SF well maintained retail center built in 2005 on .74 ac lot. Near Mid Rivers Mall. 100% leased to three tenants. NOI $107K/yr. $1.431M. 7.50% cap.

8. Retail Center in Auburn Hills, MI: 48,244 SF eye-catching retail center developed in 2002 on 5.28 ac lot in Detroit suburbs. Across from Great Lakes Crossing Outlets. With easy access to I-75. 83% occupied with excellent tenant roster. NOI $676K/yr. $9.66M. 7% cap.

9. Dollar Tree in Little Chute, WI: 9,525 SF well-kept single tenant retail building completed in 2019 on 1.48 ac lot in Appleton suburbs. 100% NNN- corp lease till 2029. NOI $88K/yr. $1.258M. 7% cap.

10. Cape Fear Valley Health in Fayetteville, NC: 18,786 SF medical building renovated in 2018 on 1.48 ac lot. 0.7 miles from Cape Fear Valley Medical Center. 100% NNN- lease till 2028. NOI $266K/yr. $4.26M. 6.25% 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.