07-14: Walmart Shadow Center, Dollar Tree, Childtime Day Care, Sam’s Club Shadow Centers, Professional Buildings, Shopping Centers

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1. Strip Center in Indianapolis, IN: 14,279 SF attractive strip center built in 2005 on 1.8 ac lot in a growing middle-class neighborhood. With easy access to I-465. 100% NNN leased with great tenant mix including, Subway, and Gentle Dental. NOI $211K/yr. $2.915M. 7.25% cap.

2. Walmart Shadow Center in Union City, GA: 52,054 SF consisting of three well maintained retail centers developed in 2005 on 7.33 ac lot in growing Atlanta MSA. Shadow anchored by Walmart. Adjacent to a major retail artery with over 33,000 VPD. Close to Hwy-138. 97% leased to 19 tenants. NOI $788K/yr. $10.87M. 7.25% cap.

3. Retail Center in O’Fallon, IL: 20,904 SF strip center constructed in 1999 on 2.14 ac lot in high-income St. Louis metro. Close to 144-beds HSHS St. Elizabeth’s Hospital. With easy access to I-64. 100% NNN leased to InFuzed Med Spa, PPG Paint, #1 Nails, and The CoffeeHouse. NOI $303K/yr. $4.045M. 7.50% cap.

4. Professional Building in Plainfield, IN: 10,000 SF multitenant office building built in 1998 on 1.15 ac corner lot in Indianapolis suburbs. Close to Walmart Supercenter. 100% leased to six tenants. NOI $100K/yr. $1.222M. 8.25% cap.

5. Dollar Tree in Palmview, TX: 9,100 SF single tenant retail building constructed in 2007 on nearly 1 ac lot in McAllen suburbs. 100% NNN- corp lease till 2027. NOI $70K/yr. $905K. 7.73% cap.

6. Childtime Learning Center in Midlothian, VA: 5512 SF childcare center built in 1999 on 1.54 ac lot in Richmond metro. Tenant has been at this location since 2007. New 10-year NNN- corp lease to a strong childcare provider with 915 locations. NOI $122K/yr. with a rent increase in year 6. $1.88M. 6.50% cap.

7. Sam’s Club Shadow Centers in Dayton, OH: 46,239 SF consisting of two attractive multitenant retail centers renovated in 1995 on 5.8 ac lot. Shadow anchored by Sam’s Club. With multiple points of ingress/egress. Along major retail corridor. Near I-675 with over 56,000 VPD. 100% NNN leased with excellent tenant mix including Chipotle Mexican Grill, Cold Stone Creamery, Supercuts, PNC Bank, and FedEx Office. NOI $1.001M/yr. $14.3M. 7% cap.

8. Retail Building in Gilroy, CA: 22,754 SF well maintained retail center built in 1980 on 2.27 ac lot in high-income Silicon Valley suburbs. 94% leased to O’Reilly Auto Parts, Advance Services, Glow Hair & Beauty Salon, Social Security/GSA, and Straw Hat Pizza. NOI $424K/yr. $7.068M. 6% cap.

9. Childtime Learning Center in Midlothian, VA: 5,512 SF highly-rated day care center built in 2002 on 1.25 ac lot. In affluent Richmond MSA with an AHI of $122K/yr. in a 3-mile radius. 100% NNN- corp lease till 2032. NOI $124K/yr. with a rent bump in year 6. $1.92M. 6.50% cap.

10. Retail Building in Battle Creek, MI: 49,880 SF two tenant retail building renovated in 2014 on 5.67 ac lot. 100% leased to Planet Fitness, and The Salvation Army. NOI $372K/yr. $5.141M. 7.25% 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.