05-01: Heartland Veterinary Partners, Sun Wing Supermarket Anchored Center, DaVita Anchored MOB, Eldorado Animal Hospital, MOB, Retail Centers

2. DaVita-Anchored MOB in Memphis, TN: 18,298 SF medical office building constructed in 2001 on a 2.83-acre lot. Proximity to Methodist North Hospital and Walmart Supercenter. 100% occupied by DaVita Dialysis, Immersion Hospitality, and Otylia Primary Care. NOI: $221K/year. Price: $2.775M. Cap rate: 8%.

3. Retail Center in Joliet, IL: 14,340 SF well-maintained multitenant strip center built in 1960 on a 1.52-acre lot. Located in the Chicago metro area. 82% NNN leased. NOI: $94K/year. Price: $1.2M. Cap rate: 7.90%.

4. Strip Center in Sacramento, CA: 5,781 SF retail center built in 1987 on a 0.46-acre lot. Prime signalized corner location in a fast-growing area. 100% leased to California Check Cashing, IR Smoke Shop, and Famous Kabob. NOI: $142K/year. Price: $2.025M. Cap rate: 7.06%.

5. Retail Center in Mansfield, TX: 8,042 SF newly developed (2021) retail center on a 2.26-acre lot. 100% leased to Greek Out, Jax Wax, Image Barbershop Lounge, and Little Caesars. NOI: $172K/year. Price: $2.523M. Cap rate: 6.85%.

6. Eldorado Animal Hospital in McKinney, TX: 4,658 SF veterinary clinic renovated in 2023. Highly rated (4.8 stars, 398 Google reviews) in the growing Dallas MSA. 100% NNN corporate lease through 2030 with 2% annual rent increases. NOI: $116K/year. Price: $1.732M. Cap rate: 6.75%.

7. Heartland Veterinary Partners in Wilmington, NC: 6,064 SF veterinary hospital (4.7 stars, 254 Google reviews). Situated in a high-income area (AHI: $124K within 1 mile) along Highway 17 (45,151 VPD). 100% NNN corporate lease through 2027; landlord responsible for roof, structure, and HVAC. NOI: $62K/year. Price: $1M. Cap rate: 6.24%.

8. MOB in Alton, IL: 10,000 SF Class B medical office building renovated in 2024 on a 1.57-acre lot. Adjacent to Highway 3/140 and 111 in the St. Louis MSA. 100% NNN leased. NOI: $148K/year. Price: $1.9M. Cap rate: 7.82%.

9. Shopping Center in Littleton, CO: 68,195 SF well-maintained retail center renovated in 2020 on a 5.96-acre lot. Adjacent to King Soopers (1.5M annual visits) and a major retail intersection (57,629 CPD). Located near Highway 85 in the high-income Denver MSA. 100% NNN leased. NOI: $1.009M/year. Price: $14.851M. Cap rate: 6.8%.

10. Retail Center in Pearland, TX: 20,513 SF multitenant retail center built in 2000 on a 1.90-acre lot. Signalized corner location, 0.7 miles from HCA Houston Healthcare Pearland Hospital. Situated in a rapidly growing (10.19% population growth within 1 mile), affluent suburb (MHI: $95K within 3 miles). 100% NNN leased. NOI: $316K/year. Price: $4.8M. Cap rate: 6.6%.

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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