05-09: BrightView, Mixed-Use Buildings, Advance Auto Parts, Fresenius, Retail Plazas, Dollar Tree Plaza, CSL Plasma

1. Dollar Tree Plaza in Charlotte, NC: 51,412 SF attractive retail plaza on 4.95 acres lot. With multiple points of ingress/egress. In densely populated area with 113,459 residents in a 3-mile radius. 100% occupied. NOI $855K/yr. $11.042M. 7.75% cap.

2. Strip Center in Omaha, NE: 9,005 SF well maintained multitenant center developed in 2001 on 1.33 acres lot. Along busy artery with 26,500 VPD. Near I-680. 100% NNN leased to Dunkin’ Donuts (drive-thru), Chiropractic, Smoke Shop, Marco’s Pizza, and Dental Practice. NOI $139K/yr. $1.85M. 7.5% cap.

3. Retail Center in Detroit, MI: 14,270 SF retail center completed in 2010 on .98 ac lot. 100% NNN leased to five tenants. NOI $135K/yr. $1.7M. 8% cap.

4. Mixed-use Building in Tucson, AZ: 15,143 SF two-story multitenant building constructed 2012 on 1.36 acres lot. Roof recoated in 2022. In high-income neighborhood with an AHI of $116K/yr. in a 1-mile ring. 92% occupied to retail, office, & medical tenants. Proforma NOI $168K/yr. $2.195M. 7.70% cap.

5. Advance Auto Parts in Clarksville, TN: 7953 SF single tenant retail building developed in 2015 on 1.11 acres lot in Nashville metro. Along major corridor with 32,700 CPD. 100% NNN- corp lease till 2030. NOI $100K/yr. $1.387M. 7.25% cap.

6. BrightView in Dayton, OH: 9,600 SF addiction treatment center built in 2005. Near Kettering Health Washington Township Hospital. 100% NNN leased to an operator with 84 facilities. NOI $126K/yr. $1.939M. 6.50% cap.

7. CSL Plasma in Stockton, CA: 13,903 SF blood donation center remodeled in 2021 on 1.56 acres lot. New TPO roof in 2021 with 20-year warranty. At a hard corner location with 61,900 CPD in combined daily traffic. Only 2.4 miles from Joseph’s Medical Center. Near San Joaquin Delta College, and University of The Pacific. 100% corp NNN- lease with 12+ years remaining to a strong credit tenant with 342 plasma collection centers. NOI $331K/yr. with 10% rental increases in 2026 & 2031. Price reduced $5.526M. to $5.305M. 6.25% cap.

8. Fresenius Medical Care in Coon Rapids, MN: 5,820 SF 12-stations dialysis center built in 2007 on 1.14 acres lot. In growing and high-income Minneapolis MSA. Adjacent to Walmart. Close to Riverdale Village, an outdoor mall with over 75 stores anchored by Costco Wholesale, T.J. Maxx, and Kohl’s. With easy access to Hwy-10. 10 years NNN- corp lease with 5+ years left. NOI $138K/yr. with 2% annual rent increases. $2.183M. 6.35% cap.

9. Retail Building in Anderson, IN: 7,950 SF multitenant retail building completed in 2020 on 1.95 acres lot. In Indianapolis metro. 100% NNN leased to three tenants. NOI $154K/yr. Price reduced from $2.055M. to $1.988M. 7.75% cap.

10. Retail Plaza in Yucaipa, CA: 27,627 SF Class-B shopping center developed in 2007 on 5.06 acres lot. In growing and high-income San Bernardino County with an AHI of $114K/yr. in 1-mile radius. 100% NNN leased to retail and medical tenants including; Quest Diagnostics, and Yucaipa Urgent Care. NOI $772K/yr. $11.5M. 6.72% 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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