12-08: Aurora BayCare Health Center, Professional Complex, Anchored Neighborhood Plazas, Family Dollar, MOB, DCI Dialysis Clinic, Burlington Anchored Plaza

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1. Aurora BayCare Health Center in Green Bay, WI: 14,000 SF medical building developed in 2002 on 2 ac lot. Close to Aurora BayCare Medical Center. 100% NNN- leased till 2023. NOI $213K/yr. $2.245M. 9.50% cap.

2. The Fresh Market Anchored Center in Atlanta, GA: 74,370 SF attractive neighborhood center renovated in 2006 on over 6 ac lot. If fast growing and affluent neighborhood with an AHI of $217K/yr. in a 1-mile radius. At a major signalized intersection with over 47,450 VPD in combined daily traffic. NOI $2M/yr. Price/Cap N/A.

3. Professional Complex in Austin, TX: 42,517 SF consisting of five well maintained office & medical buildings on 4.21 ac lot in a high-income area. Near Ascension Seton Northwest Hospital and St. David’s North Austin Medical Center. 76% leased. Mostly NNN leased. NOI $325K/yr. Price/Cap N/A.

4. Carib Farmers Market Anchored Plaza in Decatur, GA: 67,940 SF shopping plaza developed in 1974 on 8.21 ac lot at a hard corner location in Atlanta metro. 98% leased with great tenant mix. Mostly NNN leased. NOI $545K/yr. $6.815M. 8% cap.

5. Strip Center in Katy, TX: 12,396 SF attractive retail center constructed in 2003 on 1.56 ac lot. In densely populated, growing, & affluent (AHI $152K/yr. in a 3-mile ring) Houston MSA. 100% NNN leased to five tenants. NOI $199K/yr. $3.066M. 6.50% cap.

6. Shopping Center in Blue Springs, MO: 52,918 SF attractive shopping center developed in 1979 on 9.48 ac lot in Kansas City suburbs. Anchored by City Thrift and Dollar Tree. With multiple points of ingress/egress. Near I-70. 100% leased. NOI $496K/yr. Price reduced from $6.755M. to $6.205M 8% cap.

7. Family Dollar in Washington, PA: 7148 SF freestanding retail building built in 1990 on .50 ac lot at a signalized location in Pittsburgh MSA. On an off/on ramp of I-70. Tenant has been at this location since 2000. 100% NNN- lease till 2027. NOI $78K/yr. $1.121M. 7% cap.

8. Burlington & Ross Anchored Center in Stockton, CA: 127,198 SF attractive retail plaza in growing Central Valley. Adjacent to a major retail corridor. Across from Walmart Supercenter and Lowe’s. 100% leased to 75,197 SF Burlington, 26,004 SF Ross Dress for Less, Luv2Play, and Lodi Junction Too, a thrift store. NOI $1.371M/yr. $20.619M. 6.65% cap.

9. Peters Dentistry in Amarillo, TX: 3263 SF medical building completed in 2006 on .41 ac lot in growing (8.29% pop growth since 2010 in 1-mile ring) and high-income area with an AHI of $104K/yr. in a 3-mile radius. Along busy corridor with over 26,000 CPD. 100% NNN- leased till 2032 to a highly rated dental practice. NOI $79K/yr. with 3% annual rent increases. $1.218M. 6.50% cap.

10. DCI Dialysis Clinic in Lafayette, LA: 15,100 SF medical building completed in 2009 on nearly 4 ac lot. Visible from I-10. 3.9 miles from Ochsner Univ Hospital & Clinics. Tenant recently extended their lease till 2032. NOI $362K/yr. with CPI rent bumps every 5 years to a dialysis provided with 250 clinics in 29 states. $5.581M. 6.50% cap. Note: flyer not avail, full brochure upon request.     

 

About The Properties

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.