07-27: Industrial Building, Medical Office Complex, Retail Plazas, MOB, Del Taco and Shops

2. Strip Center in Knoxville, TN: 8450 SF attractive strip center developed in 2017 on 1.18 ac lot in a high-income neighborhood with an AHI of $111K/yr. in a 1-mile radius. All units face busy artery with over 29,000 VPD. 100% NNN leased to Maple Street, Bed’r Mattress with 11 locations and Cataleye Cantina. NOI $264K/yr. $3.771M. 7% cap.

3. Medical Office Complex in Indianapolis, IN: 72,399 SF consisting of three multistory medical & professional buildings on nearly 4 ac lot in a high-income area. Major tenants include; ISD Rental, Midwest Institute for Clinical Research and Center for Pain Management. Near Ascension St. Vincent Hospital. 80% leased to multiple tenants. NOI $700K/yr. $9.599M. 7.30% cap. Upside potential when fully occupied.

4. Retail Plaza in Fort Worth, TX: 23,900 SF well-kept retail center on 1.87 ac lot along busy artery. Visible from I-30. 100% NNN leased with excellent tenant mix. NOI $268K/yr. $3.352M. 8% cap.

5. Retail Center in Apopka, FL: 18,358 SF attractive retail center constructed in 2008 on 2.63 ac lot in Orlando MSA. With excellent frontage, access and visibility along busy thoroughfare with over 61,000 APD. 93% NNN leased to multiple tenants including CareSpot Urgent Care, Geico Insurance and Domino’s. NOI $388K/yr. $5.55M. 7% cap.

6. Retail Plaza in Canton, GA: 22,562 SF consisting of three high-end multitenant retail buildings developed in 2008 in affluent Atlanta MSA with an AHI of $120K/yr. in a 1-mile ring. 87% leased to retail, professional and medical tenants. Mostly NNN leased. NOI $304K/yr. $4.34M. 7.01% cap.

7. Shopping Center in Stone Mountain, GA: 55,330 SF well maintained shopping center on 7.56 ac lot in fast growing Atlanta metro. Anchored by City Trends and Dollar General. 89% leased. NOI $428K/yr. $5.5M. 7.80% cap. Upside potential when fully occupied.

8. Industrial Building in Leon Valley, TX: 34,605 SF multitenant industrial building constructed in 2017 on 2.35 ac lot in San Antonio suburbs. 100% NNN leased to multiple tenants. NOI $412K/yr. $4.95M. 8.34% cap.

9. MOB in Wilmington, NC: 6522 SF recently renovated single tenant medical office building on 1.27 ac lot. Close to New Hanover Regional Medical Center. 100% leased to RHA Health Services. NOI $108K/yr. $1.599M. 6.80% cap.

10.  Del Taco & Shops in Merced, CA: 7390 SF consisting of a single tenant NNN ground lease (land for sale) Del Taco and a multi-tenant retail pad at a busy corner location. Shadow anchored by Lowe’s and across from Walmart. 100% NNN leased to three tenants. NOI $213K/yr. $3.561M. 6% 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.