10-03: Sage Specialty Hospital, VIP, ALDI Anchored Plaza, TJ Maxx Anchored Neighborhood Center, Retail Centers, MOB

2. VIP in Kingston, NY: 5,163 SF highly rated animal hospital on a 1.09-acre lot. In New York metro. 100% absolute NNN corporate lease till 2036 to a strong operator with 70+ clinics across 12 states. NOI $127K/yr. with annual increases starting in 2027. $1.645M. 7.75% cap.

3. Retail Center in Paris, TX: 22,529 SF attractive retail center developed in 2008 on a 3.50-acre lot. In a growing city about 98 miles northeast of Dallas/Fort Worth. Across from Walmart. 94% NNN leased to Petco, Metro PCS, Leslie’s Pool Supplies, OneMain Financial, Pretty Nails & Spa, and Happy Cloud Smoke Shop & Vape. NOI $342K/yr. $4.625M. 7.41% cap.

4. Neighborhood Plaza in Houston, TX: 61,982 SF well-maintained shopping center constructed in 1980 on a 4.54-acre lot. Along a major retail corridor with 50,847 VPD. 88% occupied with a strong tenant mix. Actual NOI $617K/yr. $8.473M. 7.28% cap. Upside potential when fully leased.

5. Multitenant Center in Augusta, GA: 20,520 SF attractive retail center built in 2005. 91% occupied by multiple tenants. NOI $216K/yr. $3.03M. 7.15% cap.

6. Retail Center in Peoria, IL: 9,569 SF strip center completed in 2003 on a .82-acre lot. Shadow anchored by OSF HealthCare, a new medical facility with $12M in renovations. Close to OSF Saint Francis Medical Center and I-74. 100% NNN leased with tenants including Nyros Gyros, Cricket Wireless, OSF HealthCare, and World Finance. NOI $116K/yr. $1.601M. 7.25% cap.

7. ALDI Anchored Plaza in St. Louis, MO: 125,839 SF attractive retail plaza renovated in 2002 and 2020 on a 13.07-acre lot. With five points of ingress/egress. Key tenants: Dollar Tree, Rainbow Shops, City Gear, Shoe Carnival, Octapharma, and Oak Street Health. 82% leased. In-place NOI $981K/yr. $11.547M. 8.5% cap.

8. T.J. Maxx Anchored Center in College Station, TX: 98,784 SF well-maintained plaza renovated in 2007 on a 10.53-acre lot. Major tenants include Plato’s Closet, Once Upon a Child, TJ Maxx, and O’Reilly Auto Parts. Shadow anchored by Ollie’s. Adjacent to Post Oak Mall with 3.5M annual visits and less than 1 mile from Texas A&M (80,000 students). 98% NNN leased. NOI $1.154M/yr. $15.919M. 7.25% cap.

9. Retail Plaza in Amarillo, TX: 134,982 SF consisting of three well-maintained multitenant buildings on a 13.34-acre lot. Anchored by Ollie’s Bargain Outlet, Bealls, CSL Plasma, and Milan Institute. At a busy corner with 40,077 VPD. 84% occupied. NOI $1.156M/yr. $16M. 7.23% cap.

10. Sage Specialty Hospital in Denham Springs, LA: 36,287 SF medical office building renovated in 2020 on an 11.16-acre lot. In high-income Baton Rouge MSA. 100% NNN leased till 2037. NOI $349K/yr. with 2% annual rent increases. $4.993M. 7% 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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