04-08: Fresenius Anchored Building Neighborhood Centers, Inline Centers, Walmart Shadow Anchored Center, Strip Centers

2. Retail Center in Waterford, MI: 26,903 SF well-maintained retail center constructed in 1972 on a 2.35-acre lot. Positioned at a major intersection with 43,550 CPD. Located in a high-income Detroit MSA with an AHI of $115K/yr. within a 1-mile radius. 90% occupied. NOI $184K/yr. $2.397M. 7.71% cap.

3. Retail Building in Plano, TX: 5,024 SF strip center built in 1974 in affluent, rapidly growing Dallas suburbs. Located at a high-visibility signalized corner with 47,000 VPD in combined traffic counts. 100% NNN leased to three established tenants. NOI $99K/yr. $1.31M. 7.57% cap.

4. Walmart Shadow Centers in Cleveland, TN: 45,079+ SF across two attractive multitenant retail centers developed in 2003 on a 10.86-acre lot. Shadow-anchored by Walmart with 3.08M annual visits. 100% leased with a strong national and regional tenant mix including CATO, Verizon, GameStop, OneMain Financial, Great Clips, Pet Sense, and Dollar Tree. NOI $597K/yr. $7.975M. 7.5% cap.

5. Shopping Center in Jacksonville, FL: 98,791 SF well-maintained shopping plaza completed in 2004 on a 17.89-acre lot. Anchored by strong tenants including The Tile Shop, Edwin Watts Golf, and Dogtopia. High-traffic location with 53,400 CPD. NOI $1.081M/yr. $14.425M. 7.5% cap.

6. Retail Center in West Dundee, IL: 22,793 SF attractive multitenant retail center built in 2004 on a 2.87-acre corner lot. Located in a high-income Chicago MSA with an AHI of $134K/yr. within a 3-mile radius. 87% occupied with value-add potential. NOI $258K/yr. $3.65M. 7.07% cap. Upside potential upon stabilization.

7. Strip Center in Mechanicsville, VA: 15,922 SF eye-catching multitenant retail center along a busy retail corridor with 29,000 VPD. Located in affluent Richmond suburbs with an AHI of $126K/yr. within a 1-mile radius. Fully occupied by seven tenants. NOI $263K/yr. $3.766M. 7% cap.

8. Inline Retail Building in Salina, KS: 14,859 SF inline two-tenant retail center completed in 2014 on a 10.70-acre lot. Shadow-anchored by Kohl’s and located near Walmart Supercenter. 100% NNN leased to Shoe Carnival and Buffalo Wild Wings. NOI $214K/yr. Price reduced from $2.684M to $2.602M. 8.25% cap.

9. Fresenius Anchored Center in Ashland, KY: 16,000 SF medtail center constructed in 2010 on a 1.88-acre lot. Located across from Walmart, DICK’S, and Kohl’s. 100% NNN- leased to Fresenius, Verizon, and Shogun, a well-known Japanese restaurant. NOI $307K/yr. $4.4M. 7% cap.

10. Shopping Center in Richmond, TX: 10,500 SF newly developed multitenant retail center (2024) on a 0.80-acre lot in Houston suburbs. 100% NNN leased to a diverse mix of service-oriented tenants including Pet Check Animal Clinic, Nassar Construction & Development, Prime Med Family Clinic, The Bratz Med Spa, Bogolo Hair & Beauty Supply, and Harlem Reflexology & Massage. NOI $290K/yr. $4.152M. 7% 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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