08-23: Rite Aid, Denton Dental Group, MOB, Dollar Tree, Fresenius Dialysis Clinic, Medical & Professional Buildings, Retail Centers


1. Strip Center in Lafayette, LA: 14,000 SF six-units retail center built in 2001 on 1.34 ac lot. 100% leased. Five of the six tenant under NNN leases. NOI $171K/yr. $2.145M. 8% cap.

2. Retail Center in Dothan, AL: 7,900 SF five tenants retail center renovated in 1992 on nearly 1 ac lot. Adjacent to a signalized intersection. 100% leased to retail and professional tenants including FastSigns, and H&R Block. NOI $95K/yr. $1.365M. 7% cap.

3. Fresenius in Clovis, NM: 12,261 SF 15-stations dialysis center renovated in 2016 on 2.25 ac lot. 2.9 miles from Emergency Rood at Plains Regional Medical Center. 100% NNN- corp lease till 2031. NOI $207K/yr. with a rent bump in year 11. $3.768M. 5.50% cap.

4. Denton Dental Group in Denton, TX: 4126 SF Class-A single tenant condominium medical building developed in 2009 in fast growing and high-income Fort Worth/Dallas metro. Part of Medical Village with multiple medical buildings. Close to Medical City Denton Hospital. 100% leased till 2027 to a highly rated medical practice. NOI $67K/yr. $994K. 6.75% cap.

5. MOB in Gastonia, NC: 19,154 SF multitenant medical building constructed in 1999 on over 3 ac corner lot in growing Charlotte MSA. 100% leased to three tenants including Atrium Health Primary Care. NOI $311K/yr. $5.19M. 6% cap.

6. Retail Center in Ferndale, MI: 22,729 SF attractive retail center constructed in 1987 on 1.44 ac lot along busy corridor in Detroit suburbs. 94% leased to multiple tenants. NOI $319K/yr. $4.25M. 7.52% cap.

7. Rite Aid in New Kensington, PA: 10,908 SF drug-store completed in 1998 on 2.27 ac lot at a signalized corner location in Pittsburgh MSA. Tenant has been at this location since 1998. 100% absolute NNN corp lease till 2028. NOI $243K/yr. $3.243M. 7.50% cap.

8. Dollar Tree in Independence, MO: 14,850 SF inline single tenant retail building constructed in 2001 on 1.22 ac lot in Kansas City metro. Between Genesis Health Clubs and JOANN Fabric and Crafts. Close to Independence Center Mall. With easy access to I-470/70. 100% NNN- corp lease till 2025. NOI $108K/yr. $1.67M. 6.50% cap.

9. Medical & Professional Building in Canton, OH: 32,196 SF three-story multitenant mixed-use building developed in 2006 on 1.84 ac lot. 97% leased to medical and professional tenants. NOI $333K/yr. $4.175M. 8% cap.

10. Retail Building in Huntsville, AL: 11,839 SF multitenant retail building completed in 2003 on 1.64 ac lot. Shadow anchored by Target and Ross Dress for Less. 100% NNN leased with corporate leases. NOI $269K/yr. $3.852M. 7% 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/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.