06-18: DaVita Dialysis, KOHL’S, Multitenant Centers, Walmart Grocery Anchored Plaza, Fresenius Medical Plaza, Shopping Centers, MOB, STNL

2. KOHL’S in Citrus Heights, CA: 72,660 SF big-box retail building on a 5.78-acre lot. Located in the fast-growing, high-income Sacramento suburbs. Next to Burlington and Ross Dress for Less. Adjacent to Sam’s Club and Safeway. Close to Sunrise Mall and Mercy San Juan Medical Center. Next to a major intersection with 45,872 VPD. 100% NNN- corporate lease until 2030 with minimal landlord responsibilities. NOI $703K/yr. $8.8M. 8% cap.

3. Fresenius Medical Plaza in Bellmore, NY: 16,284 SF medical office building on 1-acre lot. Close to Hwy-27. In prosperous New York MSA with an AHI of $205K/yr. in a 3-mile radius. 100% leased to Fresenius Medical Care, Prine Health Medical Group, and Eric Fanaee, MD, PC. NOI $493K/yr. $6.9M. 7.15% cap.

4. Retail Centers in Akron, OH: 18,367 SF consisting of two attractive multitenant retail centers developed in 2002. 100% NNN leased to Pet Supplies Plus, US National Bank, Jersey Mike’s, Smoothie King, Domino’s, and Great Clips. NOI $254K/yr. $3.175M. 8% cap.

5. DaVita in Longview, TX: 6,275 SF dialysis center renovated in 2020 on 2.29-acre lot. Next to 224-bed Longview Regional Medical Center. 100% NNN lease with 7+ years remaining on recent 7-year lease extension. Limited landlord responsibilities. NOI $113K/yr. with 1.5% annual rental increases. $1.5M. 7.59% cap.

6. Walmart Grocery Anchored Center in Tulsa, OK: 88,023 SF well-maintained shopping plaza renovated in 2014 on 6.1-acre lot. Anchored by Walmart Neighborhood Center (Ground Lease). At signalized corner location. In affluent neighborhood with an AHI of $114K/yr. 100% occupied. NOI $522K/yr. $7.745M. 6.75% cap.

7. Strip Center in North Canton, OH: 16,000 SF retail center built in 1980 on 1.34-acre lot in Akron MSA. Close to Belden Village Mall. Next to I-77. 100% NNN leased to Sleep Outfitters, Anew Room, and Harrison Pain Company. NOI $117K/yr. $1.465M. 8% cap.

8. Multitenant Center in Longview, TX: 8,801 SF retail center constructed in 2013. Close to Walmart Supercenter and Sam’s Club. In a fast-growing and high-income area with a MHI of $72K/yr. in a 1-mile ring. 100% NNN leased. NOI $151K/yr. $2.014M. 7.5% cap.

9. Retail Center in Liverpool, NY: 15,501 SF attractive multitenant retail center built in 2011 on 1.79-acre lot. Shadow-anchored by Target, KOHL’S, Home Depot, TJ Maxx, and Old Navy. 100% NNN leased. NOI $225K/yr. $3.226M. 7% cap.

10. Strip Center in Alton, TX: 6,783 SF retail center developed in 2016 on a 0.69-acre lot in the growing suburbs of McAllen. Located along Alton Blvd (SH-107), one of the main commercial thoroughfares with strong daily traffic. 100% NNN leased. NOI $159K/yr. $2.28M. 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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