MOB in Lubbock, TX: 19,583 SF well kept medical office building on 1.51 ac lot anchored by Covenant Health Pulmonary. In the heart of Covenant Medical main campus and near 1,300-bed Covenant Health Hospital. Close to Hwy-62/82. Just blocks from Texas Tech University with over 31,000 undergraduate enrollment. 73% leased to two tenants. NOI $228K/yr. $2.85M. 8% cap. Upside potential when fully leased.
Dollar Tree in Columbia, SC: 10,908 SF freestanding single tenant retail building completed in 1999 on 1.65 ac lot. Tenant has been at this location since 2009. Along busy corridor with over 39,000 VPD. New NNN- corp leased till 2024 to a strong national tenant. NOI $141K/yr. $1.89M. 7.50% cap.
Pep Boys in Arlington, TX: 5,382 SF auto service & tires center remodeled in 2008/2017 on nearly 1 ac lot in growing Fort Worth/Dallas suburbs. Along major artery with over 124,000 VPD. 100% absolute NNN corp lease with approximately 3 years remaining. NOI $145K/yr. $1.936M. 7.50% cap.
Rite Aid in Spokane, WA: 16,750 SF well maintained drive-thru pharmacy built in 1999 on 1.58 ac lot between two major arteries. Across from Walmart Supercenter and Home Depot. 100% NNN leased. NOI $397K/yr. $5.306M. 7.50% cap.
Advance Auto Parts in Houston, TX: 6,000 SF single tenant retail building constructed in 2008 on over 1 ac lot in a fast growing area. 100% NNN- lease till 2023. NOI $117K/yr. $1.562M. 7.50% cap.
Walgreens in Duluth, GA: 13,650 SF attractive Walgreens pharmacy completed in 2003 on 1.82 ac corner lot. In affluent Atlanta suburbs with a MHI of $136K/yr in a 3 mile ring. Close to Emory Johns Creek Hospital. 100% NNN leased. NOI $349K/yr. $4.827M. 7.25% cap.
Walgreens in McDonough, GA: 15,120 SF Walgreens built in 2001 on nearly 2 ac corner lot in growing Atlanta metro. 100% NNN leased. NOI $347K/yr. $4.636M. 7.50% cap.
Walgreens in Atlanta, GA: 15,070 SF drug-store constructed in 2002 on 3.78 ac lot in a high income area with a MHI of $88K/yr in a 3 mile radius. NOI $349K/yr. $4.786M. 7.31% cap.
MOB in Brookfield, WI: 4740 SF beautiful single tenant medical building renovated in 2020 on 1.73 ac lot in affluent Milwaukee suburbs with an AHI of $157K/yr in a 1 mile radius. With easy access to I-94. 10 year NNN- lease till 2029 to Ascension Medical Group. NOI $199K/yr with a rent increase in year 6. $3.062M. 6.50% cap. Note; flyer not available, full brochure upon request.
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/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.
https://transmercial.com/wp-content/uploads/2021/07/TransmercialHeader.jpg00Mariahttps://transmercial.com/wp-content/uploads/2021/07/TransmercialHeader.jpgMaria2020-06-24 21:53:142020-06-24 21:53:1405-15: Essential Retailers, Dollar Tree, MOB, Pep Boys, Walgreens, Advance Auto Parts, Rite Aid Pharmacy
Transmercial – Commercial Real Estate
1340 Tully Road, Suite 307, San Jose CA 95122-3055
Tel: (408) 288-5500
Fax: (408) 288-5533
M-F 8:30AM - 3:30PM PST
Sat.: by appointment
Our office is in the Tully Business Center on Tully Road.
(between Highway 101 and McLaughlin).
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