09-19: Walmart Shadow Anchored Center, ChenMed, DaVita, Shopping Centers, Mixed-use, STNL, Strip Centers, MOB

2. DaVita in Succasunna, NJ: 5,000 SF dialysis clinic renovated in 2025 on a 0.60-acre lot. In prosperous New York metro with an AHI of $162K/yr. in a 5-mile radius. Sale-leaseback investment. New 10-year NNN- corporate lease. NOI $172K/yr. with 10% rental increases every 5 years. $2.752M. 6.25% cap.

3. Retail Center in Lake Charles, LA: 14,000 SF attractive multitenant retail center renovated in 2020 on a 1.47-acre lot. Adjacent to Walmart and Lowe’s with easy access from I-210. 89% NNN- leased to uBreakiFix, Leslie’s Pool Supplies, Wondercuts, GameStop, LA Nails & Spa, GNC, and Pizza Hut. NOI $249K/yr. $3.565M. 7% cap.

4. Retail Plaza in Tulsa, OK: 19,569 SF consisting of two attractive multitenant retail buildings constructed in 2004 on over a 4-acre lot. 100% leased to six tenants, mostly NNN-. NOI $221K/yr. $3.565M. 8% cap.

5. Strip Center in Tucson, AZ: 23,658 SF well-maintained retail center built in 1992, with a façade remodel completed in 2003 on a 3.38-acre lot. Along a major retail corridor with 50,081 CPD. 100% NNN- leased. NOI $314K/yr. $4.4M. 7.14% cap.

6. Walmart Shadow-Anchored Center in Chattanooga, TN: 44,800 SF attractive shopping center completed in 2004 on a 5.35-acre lot. Shadow-anchored by Walmart Supercenter. In a fast-growing area near Parkridge East Hospital and I-75. 80% NNN- leased to national, regional, and local retailers such as Dollar Tree, CATO, It’s Fashion Metro, and City Gear. Actual NOI $362K/yr. $5M. 7.26% cap.

7. Multitenant Center in Ocala, FL: 40,756 SF well-maintained retail center renovated in 2017 on a 6.28-acre lot. Along a busy corridor with 20,500 VPD. 76% NNN- leased. NOI $363K/yr. $5.1M. 7.13% cap. Upside potential when fully occupied. 

8. Mixed-Use in Superior, CO: 6,283 SF retail center developed in 2000 on a 1.07-acre lot. Shadow-anchored by a Safeway-anchored plaza. In affluent Denver MSA with an AHI of $193K/yr. in a 1-mile ring. Fully occupied by Flatirons Dental & Ortho, T & C Nails, and Staufer Team Real Estate. NOI $121K/yr. $1.729M. 7% cap.

9. Strip Center in Toledo, OH: 28,100 SF retail center on a 2.95-acre lot. Along a prime retail artery. 100% occupied by Family Dollar, Glass City CrossFit, and AutoZone. NOI $166K/yr. $1.85M. 9.01% cap.

10. ChenMed in Decatur, GA: 10,103 SF single-tenant medical office building renovated in 2023 on a 1.03-acre corner lot. In fast-growing Atlanta suburbs. 100% absolute NNN- lease with 19.7 years remaining to a strong operator with 131 clinics across 15 states. NOI $252K/yr. with 2.5% annual rent increases. $4M. 6.3% 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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