06-24: Shopper’s Value Food, Sexson Orthodontics, Family Dollar, DaVita Anchored Building, Oak Street Health, DaVita Dialysis Clinic, Mixed-use

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1. Shopper’s Value Food in Baton Rouge, LA: 50,388 SF big-box single tenant building constructed in 1993 on 7.18 ac lot. Adjacent to a busy corner location. In densely residential neighborhood. 100% NNN leased to a regional operator with 12 grocery stores. NOI $345K/yr. $4.315M. 8% cap.

2. Community Center in Chandler, AZ: 130,488 SF consisting of three multitenant retail buildings on 12.22 ac lot in growing Phoenix MSA. Anchored by Bed Bath & Beyond, DSW, and Old Navy. Shadow anchored by Target. Across from Chandler Fashion Center Mall. Close to Costco. 1.7 miles to Chandler Regional Medical Center. With easy access to Hwy-101/202. 100% leased. NOI $2.284M/yr. $29.291M. 7.80% cap.

3. Sexson Orthodontics in Rockford, IL: 12,600 SF attractive single tenant medical building completed in 2006 on over 1 ac lot in a high-income area. Near OSF Saint Anthony Medical Center and University of Illinois College of Medicine Rockford. New 10-year NNN lease to a highly rated dental practice with multiple locations. NOI $252K/yr. with 2% annual rent increases. $3.6M. 7% cap.

4. Mixed-use Building in Olathe, KS: 18,000 SF consisting of two well maintained professional buildings completed in 1987 on 1.27 ac lot at a signalized intersection in Kansas City metro. Across from MidAmerica Nazarene University. 90% occupied to retail, medical, and professional tenants. NOI $118K/yr. $1.695M. 7% cap.

5. Family Dollar in Atlanta, GA: 8,000 SF single tenant retail building developed in 2012 on .89 ac lot in a fast-growing area. At a signalized corner location. 100% NNN- corp lease till 2025. NOI $137K/yr. $2.034M. 6.75% cap.

6. Retail Center in Little Elm, TX: 42,654 SF eye-catching shopping center renovated in 2012 on 5.78 ac lot in high-income Dallas/Fort Worth MSA. 91% NNN leased to retail, medical, and professional tenants. NOI $702K/yr. $11M. 6.38% cap.

7. DaVita Anchored Building in Kansas City, MO: 16,974 SF 3-tenatns well-kept retail building renovated in 2010|2018. Adjacent to an off/on ramp of I-435 with over 95,000 VPD. 100% NNN leased to DaVita, Sherwin-Williams, and Spinal Rehabilitation Center. NOI $234K/yr. $3.6M. 6.50% cap.

8. Oak Street Health in Birmingham, AL: 11,200 SF single tenant medical building on .76 ac lot. Across from 505-bed Princeton Baptist Medical Center. New 10-year NNN- corp guarantee by Humana with 620 locations. NOI $168K/yr. with 10% rent bumps every 5 years. $2.8M. 6% cap.

9. Retail Center in Smyrna, GA: 10,880 SF Class-B multitenant retail center developed in 2008 on .97 ac lot in high-income Atlanta suburbs. Along signalized & busy corner location with over 29,000 CPD. 100% leased with excellent established tenant mix. NOI $211K/yr. $3.525M. 6% cap.

10. DaVita in Stockton, CA: 8935 SF attractive 23-stations dialysis center in a growing area. 100% NNN- lease till 2029. NOI $296K/yr. with 3% annual rent increases. $5.7M. 5.20% cap.
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: Avg. 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.