12-12: STNL, Walmart Supercenter Shadow Plaza, Little Sprouts Academy, K&G Fashions, Shopping Centers, Strip Centers

2. Shopping Center in Conroe, TX: 59,236 SF attractive retail center renovated in 2015 on a 4.40-acre lot. In a fast-growing Houston metro with a population growth of 23.41% in a 1-mile radius. 100% NNN leased to multiple tenants, including Boot Barn and Planet Fitness. NOI $516K/yr. $7.157M. 7.22% cap.

3. Strip Center in Gladstone, MO: 11,614 SF multitenant retail center developed in 1999 on a 2.73-acre corner lot. Along a busy artery with 19,900+ VPD. In the high-income Kansas City MSA. 100% NNN leased to six tenants, including Athletico Physical Therapy, State Farm, and Regional Finance. NOI $212K/yr. $2.736M. 7.75% cap.

4. Retail Shops in Memphis, TN: 7,500 SF eye-catching strip center constructed in 2016. At a busy corner location. Close to Walmart Supercenter. Fully occupied by four tenants under NNN leases. NOI $113K/yr. $1.513M. 7.5% cap.

5. Little Sprouts Academy in Burnsville, MN: 6,175 SF daycare center renovated in 1995. Near M Health Fairview Ridges Hospital and Burnsville Mall. Other nearby major tenants include Costco Wholesale, Target, Home Depot, At Home, DSW, and Total Wine & More. With easy access from I-35W/I-35E. 100% absolute NNN leased through 2037. NOI $120K/yr. with scheduled annual rent increases. $1.558M. 7.75% cap.

6. Discount Drug Mart Plaza in Parma Heights, OH: 32,294 SF well-kept retail plaza built in 1990. Anchored by a 21,979 SF Discount Drug Mart. At a signalized corner location with 30,700 CPD in the Cleveland MSA. 100% occupied, with most tenants under NNN leases. NOI $299K/yr. $4M. 7.5% cap.

7. Walmart Supercenter Shadow Anchored Plaza in Mission, TX: 108,262 SF attractive shopping center anchored by Kohl’s and Dollar Tree. Visible from I-2. In McAllen suburbs. 100% NNN leased. NOI $515K/yr. $6.9M. 7.47% cap.

8. K&G Fashion Superstore in Milwaukee, WI: 20,615 SF well-maintained single-tenant retail building renovated in 2007 on a 1.38-acre lot. Along a major artery with 39,048 VPD. 100% absolute NNN leased through 2033 to an operator with 80+ locations. NOI $134K/yr. with a generous rental increase in 2031. $1.8M. 7.47% cap.

9. Academy 4 Lil’ Angeles in Sterling Heights, MI: 10,804 SF highly rated childcare center built in 2007 on a 2.44-acre lot. Adjacent to a signalized intersection. In a high-income neighborhood with an AHI of $116K/yr. within a 1-mile radius. Fully leased through 2029. NOI $104K/yr. with scheduled rent bumps. $1.449M. 7.2% cap.

10. Retail Plaza in Fairfield, OH: 25,829 SF mature multitenant retail center completed in 1988 on a 5.36-acre lot. Along Dixie Hwy. In the growing Cincinnati MSA. 74% occupied by multiple tenants. NOI $239K/yr. $2.356M. 10.15% 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.

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