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12-17: DaVita Dialysis Centers, Dollar General, Action Behavior Center, MOB, Shopping Centers

1.   Action Behavior Center in Cypress, TN: 9230 SF single tenant mental health clinic built in 2005 in over 1 ac lot in fast growing an high income Houston suburbs. 100% NNN leased till l2027. NOI $176K/yr. $2.5M. 7.05% cap.

2.   MOB in Phoenix, AZ: 46,425 SF four-story well maintained medical office building on nearly 3 ac lot. Over $1M in recent improvement including a full renovation of the common areas and new roof. Close to Carl T. Hayden VA Medical Center and St. Joseph’s Hospital and Medical Center. 100% leased to seven tenants. NOI $646K/yr. $8.5M. 7.6% cap.

3.   DaVita in Gary, IL: 13,125 SF attractive dialysis clinic constructed in 1992 on .49 ac lot along busy retail corridor in Chicago MSA. 100% NNN- corp lease till 2025. NOI $271K/yr with 2% annual rent bumps. $3.879M. 7% cap.

4.   Retail Center in Bossier City, LA: 22,140 SF attractive retail center built in 2007 on 2.70 ac lot at a signalized location. All units face Hwy-71. 71% NNN leased with good tenant mix including Smoothie King, Little Caesars, Dollar One and Verizon. NOI $207K/yr. $3M. 6.92% cap. Upside potential when fully leased.

5.   DaVita in Woodbridge, NJ: 10,211 SF attractive DaVita dialysis center completed in 2013 on over 1 ac lot in high income New York suburbs with an AHI of $109K/yr in a 1 mile radius. Close to I-95. 15 year NNN- corp lease till 2028. NOI $233K/yr with a 10% rent increase in year 11. $3.89M. 6% cap.  

6.   Strip Center in Kissimmee, FL: 10,200 SF recently renovated retail center on 1.58 ac outparcel to Sam’s Club in Orlando suburbs. Along major artery with over 53,000 VPD. 100% NNN lease to OneMain Financial, La Coriana, VIP Massage Spa and Owens Realty Services. NOI $164K/yr. $2.29M. 7.18% cap.

7.   Dollar General in Medina, OH: 9014 SF built-to-suit freestanding retail building completed in 2005 on 1 ac lot in upper middle-class Cleveland MSA. 10 year NNN- corp lease with over 7 years left to a strong operator with 16,979 locations. NOI $77K/yr. $1.096M. 7.10% cap.

8.   Shopping Center in Oregon, OH: 28,809 SF well maintained retail center on 3.50 ac lot in growing Toledo suburbs. 100% NNN leased to CVS Pharmacy, Dollar Tree, La Z Boy and ProMedica Urgent Care. NOI $353K/yr. Price reduced from $4.615M to $4.285M. 8.25% cap.

 

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.