11-26: Emory Healthcare Portfolio, Retail Plazas, Mixed-use, Rowe’s IGA Supermarket Anchored Center, MOB, KinderCare, Strip Centers

2. Rowe’s IGA Supermarket Anchored Center in Jacksonville, FL: 81,467 SF shopping center built in 1984 on a 13-acre lot. Anchored by Rowe’s IGA Supermarket with multiple locations. Other key tenants: Dollar Tree, Pizza Hut, Hibbett Sports, Rent-A-Center, and Jackson Hewitt. 98% NNN leased. NOI $540K/yr. $7.2M. 7.5% cap.

3. Shopping Center in Springfield, OR: 30,728 SF consisting of two multitenant retail centers renovated in 2012 on a 2.40-acre lot. Close to Walmart Supercenter with easy access from Hwy-126. In fast-growing Eugene suburbs. 100% NNN occupied. NOI $435K/yr. $6.13M. 7.1% cap.

4. Retail Plaza in Mason, OH: 71,926 SF consisting of three two-story multitenant retail buildings developed in 2008 on a 4.64-acre lot. Located at a main retail hub. Adjacent to Deerfield Towne Center with Whole Foods Market, Crunch Fitness, Ashly Store, Barnes & Noble, and Five Below. Across from movie theater and near Walmart Supercenter. In affluent Cincinnati MSA with an AHI of $150K/yr within a 1-mile radius. 89% NNN leased to retail and professional tenants. NOI $985K/yr. $12M. 8.21% cap. Upside potential when fully occupied.

5. Shopping Center in San Angelo, TX: 23,600 SF attractive retail plaza constructed in 2007 on a 4-acre lot. Shadow-anchored by movie theater and close to Sunset Mall. 100% NNN occupied. NOI $427K/yr. $5.848M. 7.3% cap.

6. MOB in Evansville, IN: 5,608 SF multitenant medical office building completed in 1992 on a 0.87-acre lot. Only 0.7 mile from the 508-bed Ascension St. Vincent Evansville Hospital. 100% NNN- leased to P1 Dental Partners and Dermatology Associates of Evansville. NOI $104K/yr. $1.228M. 8.5% cap.

7. Retail Building in Villa Park, IL: 21,900 SF well-maintained inline retail building completed in 1967 on a 2.46-acre corner lot. Located along a busy retail corridor with 44,000 VPD. In affluent Chicago MSA with an AHI of $137K/yr within a 3-mile radius. 100% NNN leased to U.S. Renal Care and O’Reilly Auto Parts. NOI $398K/yr. Price reduced from $5.685M to $4.975M. 8% cap.

8. KinderCare in Maplewood, MN: 6,175 SF well-kept daycare facility built in 1980 on a 1.15-acre lot. Near Maplewood Mall and I-694 in high-income Minneapolis suburbs. 100% NNN leased till 2030 to a strong operator with over 2,300 locations across 39 states. NOI $98K/yr with 2% annual rent increases. $1.411M. 7% cap.

9. Strip Center in Rockford, IL: 9,000 SF attractive multitenant retail center completed in 2012 on a 1.13-acre lot. Hard corner location near OSF HealthCare Hospital in a high-income neighborhood. 100% NNN leased to Stanton Optical, The Vitamin Shoppe, and iCryo, a leading health and wellness center. NOI $243K/yr. $3.5M. 6.95% cap.

10. Emory Healthcare Portfolio in LaGrange, GA: 62,475 SF consisting of three medical buildings on a 5.24-acre lot. Anchored by a 55,310 SF Emory Healthcare main clinic (490+ locations). 91% NNN occupied with main clinic and West Point Clinic. NOI $1.031M/yr. $10.853M. 9.5% cap. Note: flyer not available; full brochure upon request.

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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