08-01: MOB, DaVita Anchored Building, STNL, Retail Centers, Shopping Plazas, Ollie’s Bargain Outlet Anchored Center

2. MOB in Arvada, CO: 2,850 SF attractive multistory medical & dental professional building constructed in 2003 on a 1.23-acre lot. At signalized corner location with multiple points of ingress/egress. In Denver MSA. 100% occupied. NOI $199K/yr. $2.85M. 7% cap.

3. DaVita Anchored Building in Victoria, TX: 8,829 SF medical office building constructed in 1995 on a 0.61-acre lot. Located along a high-traffic corridor with 36,000+ CPD. 100% leased to DaVita and Citizen’s Medical. NOI $146K/yr. Price reduced from $2.168M to $2.090M. 7% cap.

4. Ollie’s Anchored Plaza in Midwest City, OK: 98,949 SF well-maintained shopping plaza completed in 1986 on a 7.9-acre lot. Anchored by Ollie’s Bargain Outlet. Along busy artery in Oklahoma City suburbs. 100% occupied with a mix of national and local tenants. NOI $791K/yr. $8.495M. 9.32% cap.

5. MOB in Huntsville, TX: 29,525 SF Class-B multitenant medical office building renovated in 2021. Across from Huntsville Memorial Hospital. Only 2.7 miles from Sam Houston State University with over 21,400 students. Adjacent to I-45. 93% leased with great tenant mix including DaVita and Baylor St. Luke’s Hospital. NOI $534K/yr. $7.126M. 7.5% actual cap. Upside Potential.

6. STNL in Kent, WA: 28,700 SF well-maintained single-tenant retail building renovated in 2000. In Seattle MSA. 100% NNN leased to Savers till 2028. NOI $344K/yr. $4.92M. 7% cap.

7. Retail Center in Houston, TX: 25,520 SF attractive retail center renovated in 2016 on a 3.7-acre lot. Located along a major retail corridor. Adjacent to a major signalized intersection with 66,812 VPD in combined daily traffic. Situated in a densely populated and high-income area. 100% NNN leased with a great tenant mix. NOI $430K/yr. $6.151M. 7% cap.

8. Strip Center in Pewaukee, WI: 33,338 SF two-tenant retail center renovated in 2007 on a 4.81-acre lot. Only 2.1 miles from Waukesha County Technical College (WCTC; 17,646 students). 100% NNN leased to Planet Fitness & PetSmart. NOI $275K/yr. $3.797M. 7.25% cap.

9. Multitenant Center in San Antonio, TX: 7,980 SF attractive retail center developed in 2006 on a 1.05-acre lot. Along busy artery with 31,104 VPD. In a high-income area with an AHI of $81K/yr. in a 1-mile radius. 100% NNN leased to six tenants. NOI $194K/yr. $2.6M. 7.46% cap.

10. Strip Center in St. Louis, MO: 14,563 SF retail center built in 1992 on a 0.97-acre lot. In a densely populated area with 114,211 residents in a 3-mile ring. Visible along a corridor with 18,162 VPD. Near I-55 with 112,446 CPD. Fully occupied by four tenants including Affinia Healthcare. NOI $165K/yr. $2.29M. 7.2% 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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