06-01: Walgreens, Concentra Urgent Care, Rite Aid, MOB, Fresenius, U.S. Renal Care

1.   Concentra Urgent Care in Kansas City, MO: 7644 SF well maintained single tenant medical office building on .86 ac lot at a signalized intersection. With easy access to I-435 with over 77,000 CPD. New roof with a 20 year warranty. 100% NNN- lease till 2024 to a national credit tenant with over 520 clinics in 44 states. NOI $104K/yr with 2.5% annual rent increases. $1.362M. 7.65% cap.

2.   MOB in San Antonio, TX: 22,046 SF 2-storymedical & professional building built in 2004 in a high income neighborhood with an AHI of $118/yr in a 1 mile radius. 86% NNN leased to multiple tenants. Close to North Central Baptist Hospital. Pro forma NOI $358K/yr. $4.485M. 8% pro forma Cap.

3.   Rite Aid in Derry, NH: 14,564 SF build-to-suit attractive Rite Aid pharmacy completed in 2008 on 2.28 ac lot in growing Boston MSA. 100% corp lease with over 7 years left. NOI $508K/yr. $6.159M. 8.25% cap.

4.   MOB in Houston, TX: 3825 SF Class-B multitenant medical office building in upper middle-class neighborhood with an AHI of $75K/yr in a 1 mile ring. 100% NNN leased. NOI $117K/yr. $1.8M. 6.50% cap.

5.   Fresenius in Columbia, SC: 7481 SF build-to-suit kidney dialysis center completed in 2019 on over 3 ac ;pt Close to I-20. 15 year NNN- corp lease till 2034 to a strong operator with over 3994 dialysis clinics. NOI $172K/yr with 10% rent increases every 5 years. $3.007M. 5.75% cap.

6.   Walgreens in Kansas City, MO: 13,905 SF well maintained drive-thru pharmacy built in 1999 on 1.88 ac lot. 100% NNN- lease till 2030. NOI $337K/yr. $4.588M. 7.35% cap.

7.   U.S. Renal Care in York, PA: 6,406 SF newly constructed dialysis clinic on nearly 2 ac lot in growing and high income Harrisburg metro. 100% absolute NNN corp lease to U.S. Renal Care with 335 locations. NOI $187K/yr with 10% rent bumps every 5 years. $3.12M. 6% cap.

8.   Walgreens in St. Louis, MO: 18,250 SF drive-thru Walgreens renovated in 2016 on over 2 ac lot. New roof was installed in 2016. Near 337-bed St. Alexius Hospital. Visible to I-55 with over 98,000 VPD. Recent 10-year NNN- corp lease till in 2026. NOI $254K/yr. $3.772M. 6.75% cap. Note: flyer not available full package upon request.                    

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.