04-07: Rite Aid Pharmacy, Kohl’s Anchored Center, Mary Washington Health, Professional Business Center, Shopping Plazas

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  1. MOB in Londonderry, NH: 18,991 SF multistory medical office building developed in 1999 on 2.41 ac lot. In affluent area with an AHI of $107K/yr. in a 3-mile radius. 89% NNN leased to Derry Medical Center, Pinnacle Rehabilitation Network, Spindel Eye, and Quest Diagnostics. NOI $353K/yr. $4.2M. 8.42% cap. Upside potential when fully occupied.
  2. Shopping Center in Olympia, WA: 43,106 SF attractive shopping center constructed in 1988 on 5.71 ac lot in growing Tacoma MSA. Shadow anchored by Ross Dress for Less. 100% NNN leased with great tenant mix including; CSL Plasma, The Little Gym, Sally Beauty Supply, Smiles 4 Kinds Dentals and many more. NOI $582K/yr. $8.89M. 6.55% cap.
  3. Shopping Center in Arlington, TX: 53,058 SF well maintained neighborhood center built in 1986 on 5.25 ac lot at a hard corner location in growing Dallas/Fort Worth suburbs. Key tenants include: Dollar General, Subway, Allstate Insurance and Farmers Insurance. 97% NNN leased. NOI $569K/yr. $8.755M. 6.50% cap.
  4. Rite Aid Pharmacy in Sacramento, CA: 31,472 SF inline Rite Aid Pharmacy completed in 1990 on 2.92 ac lot. Part of Vineyard Square center anchored by Save Mart Supermarkets. 100% absolute NNN corp lease till 2024. NOI $385K/yr. $5.711M. 6.75% cap.
  5. Kohl’s Anchored Plaza in Spring, TX: 179,995 SF attractive shopping center on over 16 acres of land in affluent Houston metro with an AHI of $129K/yr. in a 1-mile ring. Anchored by Kohl’s, Ross Dress for Less, Michaels, Famous Footwear, and Dollar Tree. Shadow anchored by Walmart Supercenter. Across from Hurricane Harbor Splashtown. Next to I-45 with over 215,000 VPD. 99% leased. NOI $2.11M/yr. Price N/A.
  6. Strip Center in Tampa, FL: 16,000 SF well-kept retail center renovated in 2016 on nearly 2 ac lot along busy corridor. 100% NNN leased to fifteen tenants. NOI $172K/yr. $2.755M. 6.25% cap.
  7. MOB in Fredericksburg, VA: 19,378 SF attractive medical office building developed in 2007 on 3.54 ac lot in wealthy Washington, D.C. MSA. Adjacent to 133-bed Spotsylvania Regional Medical Center. 93% NN leased till 2027 to Mary Washington Healthcare with 50 locations. NOI $404K/yr. with 2% annual rent increases. $6.474M. 6.25% cap.
  8. Shopping Center in Overland Park, KS: 75,466 SF shopping center developed in 1976 on 7.44 ac lot in Kansas City suburbs. With easy access to Hwy-69 & I-435. 95% leased with good tenant mix. NOI $504K/yr. $7.5M. 6.73% cap.
  9. Mary Washington Healthcare in Fredericksburg, VA: 12,000 SF single tenant medical office building built in 2002 on over 1 ac lot in high-income Washington, D.C. metro. Close to 451-bed Mary Washington Hospital. New 5-year NN corp lease to a strong operator with 50 locations. NOI $249K/yr. with 2% annual rent bumps. $3.995M. 6.25% cap.
  10. Professional Business Center in Warrensville Heights, OH: 206,916 SF consisting of eight flex, office, and warehouse buildings on 16.91 ac lot in Cleveland suburbs. Near I-271 & I-480. 90% leased to 33 tenants. NOI $1.228M/yr. $15.85M. 7.75% 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.