09-25: Evansville St. Vincent Surgery Center, DaVita, Walgreens, MOB, CVS, The Learning Experience, Rite Aid, STNL, Retail Centers

2. DaVita in Waterbury, CT: 14,000 SF dialysis center constructed in 1998. Close to Connecticut Children’s Waterbury Hospital. Next to I-84 and Hwy-8. Located in the Hartford MSA. 100% NNN- corporate lease until 2030. NOI $185K/yr. with 2% annual rent increases starting in 2026. $2.792M. 6.65% cap.

3. Shopping Plaza in Urbana, IL: 29,595 SF consisting of two attractive multitenant retail centers on a 4.51-acre lot with multiple points of ingress/egress. Close to the University of Illinois Urbana-Champaign, with 56,200+ students. Located in a fast-growing area. 100% occupied. NOI $282K/yr. $3.5M. 8.06% cap.

4. Walgreens in Phenix City, AL: 14,418 SF drive-thru Walgreens pharmacy built in 2002 on a 1.79-acre lot. Located along Hwy-280 with 40,942 VPD in the Columbus, GA suburbs. 100% absolute NNN corporate lease until 2027. NOI $420K/yr. $4.2M. 10% cap.

5. MOB in Tulsa, OK: 54,194 SF Class-B four-story medical office building developed in 2006 on a 3.27-acre lot. Adjacent to Tulsa Spine and Specialty Hospital. Located in a fast-growing and high-income area. 93% occupied by nine tenants. NOI $545K/yr. $7.788M. 7% cap.

6. CVS Pharmacy in Philadelphia, PA: 8,232 SF drugstore completed in 2003 on a .84-acre lot. Located in a densely populated area. Early lease extension in place. Absolute NNN lease. NOI $345K/yr. $4.021M. 8.59% cap.

7. DaVita in Pittsburgh, PA: 7,708 SF dialysis clinic completed in 2012. Outparcel to Giant Eagle and ALDI shopping center. 100% NNN corporate leased until 2032. NOI $110K/yr. $1.84M. 6% cap.

8. Rite Aid in Newark, DE: 10,908 SF drive-thru pharmacy on a 2.08-acre lot. Roof replaced in 2021 with a 20-year warranty. Located at a signalized corner, adjacent to the University of Delaware. With 10 years remaining on the lease. NNN- lease with minimal landlord responsibilities. NOI $235K/yr. with 5% rental increases every 5 years. $3.141M. 7.5% cap.

9. The Learning Experience in Wake Forest, NC: 11,100 SF highly-rated daycare center built in 2012 on a 1.96-acre lot. Located in affluent Raleigh MSA with an AHI of $144K/yr. in a 3-mile radius. Along Hwy-98 with 32,740 CPD. 100% NNN- lease until 2039. NOI $312K/yr. with 2% annual rent increases. $4.303M. 7.25% cap.

10. Strip Center in Houston, TX: 5,924 SF well-kept retail center completed in 1988. Located in a high-income neighborhood with an AHI of $139K/yr. within a 1-mile radius. 79% NNN leased to Goodwill, Infinity Super Insurance, Heal Well Med Store, and Rock N Roll. NOI $115K/yr. with one master lease unit. $1.5M. 7.71% 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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