11-20: Anytime Fitness, Starbucks Anchored Center, Vermilion Farm Market, Mixed-use, Shopping Plazas, Retail Centers

1. Retail Center in Rio Rancho, NM: 39,685 SF well-maintained retail center constructed in 1988 on a 5.46-acre lot. With multiple points of ingress/egress. Next to a busy retail corridor with 24,000 VPD. Close to Hwy-528. 96% leased. NOI $428K/yr. $5.26M. 8.15% cap.

2. Anytime Fitness in Shreveport, LA: 6,000 SF single-tenant retail building constructed in 2010 on a 0.59-acre lot. 100% absolute NNN lease till 2035. Backed by the largest franchisee with 250+ locations nationwide. NOI $92K/yr. with 10% rent increases every 5 years. $1.275M. 7.25% cap.

3. Neighborhood Plaza in Madison, WI: 85,172 SF attractive neighborhood center built in 1984 on a 7.32-acre lot. With multiple points of ingress/egress. Major tenants: Sally Beauty, Dollar Tree, Goodwill, and Athletico. In a high-income area with an AHI of $136K/yr in a 3-mile radius. 88% leased. NOI $986K/yr. $13.6M. 7.25% cap.

4. Retail Shops in Rockford, IL: 10,000 SF well-maintained retail center built in 2005 on a 1.31-acre lot. In a high-income area with an AHI of $111K/yr in a 1-mile radius. 100% NNN leased to eight tenants. NOI $141K/yr. $1.773M. 8% cap.

5. Retail Center in Cedar Rapids, IA: 12,461 SF Class-A retail center developed in 2015 on a 1.58-acre lot. Adjacent to a major signalized corner location. Nearby major retailers: Walmart Supercenter, Ross, JCPenney, Target, and Menards. Fully occupied by multiple tenants, including Wingstop and Great Clips. Mostly NNN leased. NOI $277K/yr. $3.8M. 7.31% cap.

6. Starbucks Coffee Anchored Center in Buffalo Grove, IL: 12,720 SF well-kept strip center. Next to Walgreens and a signalized intersection. In affluent Chicago MSA with an AHI of $214K/yr in a 1-mile radius. 100% NNN leased with a great tenant roster, including Starbucks, The Port of Peri Peri (Portuguese Restaurant with 24+ locations), Omnia Dental, and Senior Helpers. NOI $355K/yr. $5.07M. 7% cap.

7. Dollar Tree Anchored Center in Statesville, NC: 39,517 SF well-maintained retail center on a 3.29-acre lot. In growing Charlotte metro. NOI $232K/yr. $2.8M. 8.25% cap.

8. Shopping Center in Maineville, OH: 68,173 SF consisting of two retail buildings renovated in 2012. Shadow-anchored by Kroger. In growing Cincinnati MSA. 98% NNN leased. NOI $648K/yr. $8.1M. 8.01% cap.

9. Vermilion Farm Market in Vermillion, OH: 25,000 SF retail building constructed in 1995 on a 2.62-acre lot. In high-income Cleveland MSA. This is a sale-leaseback investment. New 20-year absolute NNN lease. NOI $180K/yr with 1.5% annual rent increases. $2.25M. 8% cap.

10. Mixed-use in Moreno Valley, CA: 30,243 SF multistory medical and professional building completed in 1988. Leased to multiple tenants. In growing Moreno Valley. NOI $343K/yr. $4.65M. 7.39% 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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