11-02: Goodwill, Valley View Surgery Center, DaVita Dialysis & DaVita Home Health, Harveys Supermarket Anchored Center

1. Strip Center in O’Fallon, MO: 14,000 SF well maintained strip center built in 2004 on 3.32 ac lot at a busy artery in fast growing St. Louis MSA. 88% leased to seven tenants. NOI $140K/yr. $1.85M. 7.60% cap.

2. Mixed-use Plaza in Indianapolis, IN: 21,125 SF consisting of one multitenant retail building and one 4,875 SF freestanding medical building constructed in 2000 on over 4 ac lot. Adjacent to 121,582 SF Kroger Supermarket. 100% NNN leased with excellent tenant mix including Franciscan Express Care. NOI $302K/yr. $4.15M. 7.30% cap.

3. Shopping Center in North Richland Hills, TX: 31,472 SF beautiful shopping center developed in 2007 on 3.44 ac lot in high-income Dallas/Fort Worth suburbs. 100% NNN leased with excellent tenant mix. NOI $468K/yr. $7.207M. 6.50% cap.

4. Retail Center in Irmo, SC: 25,234 SF L-shaped well-maintained retail center constructed in 2001 on 2.34 ac corner lot in growing Columbia MSA. 100% leased to retail and professional tenants. NOI $303K/yr. $4.25M. 7.15% cap.

5. Harveys Supermarket Anchored Center in Lakeland, FL: 76,264 SF shopping center built in 1979 on 6.78 ac corner lot anchored by 52,369 SF Harveys/Winn-Dixie Supermarket in Tampa MSA. 100% leased. Mostly NNN leased. NOI $701K/yr. $9.53M. 7.36% cap.

6. DaVita Clinic & DaVita Home Health in Tampa, FL: 5,000 SF DaVita Dialysis Clinic and 4,000 SF DaVita Home Health renovated in 2020. Adjacent to St. Joseph’s Women’s Hospital and St. Joseph’s Children’s Hospital. 100% NNN- leased till 2031. NOI $229K/yr. with 2% annual rent increases. $4.583M. 5% cap.

7. Valley View Surgery Center in Las Vegas, NV: 18,147 SF Class-B single story surgery center on nearly 2 ac corner lot in a growing area. 100% absolute NNN lease till 2027. NOI $415K/yr. with 2.5% annual rent bumps. $7.393M. 5.63% cap.

8. Professional Buildings in Jacksonville, FL: 25,800 SF Class-B multitenant professional buildings on 3.88 ac lot. Adjacent to Argyle Village with Publix Super Market, T.J. Maxx, Joann Fabrics, Party City, and American Signature Furniture. Close to Orange Park Mall. With easy access to I-295. 100% leased to multiple tenants. NOI $292K/yr. $3.25M. 9% cap.

9. Goodwill in Carmichael, CA: 21,440 SF single tenant retail building renovated in 2012 on 2.45 ac lot along busy artery in growing and high-income Sacramento suburbs. 100% NNN- leased to a strong operator with 3,300 locations. NOI $216K/yr. with a 10% rent bump in 2024. $3.77M. 5.75% cap.

10.  Retail Plaza in Waukegan, IL: 27,687 SF well maintained retail center renovated in 2020 on 2.26 ac lot along busy retail artery. Mostly NNN leased. 97% leased to retail and professional tenants. NOI $311K/yr. $3.825M. 8.15% 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.