07-14: KinderCare, Rehabilitation Center, Industrial Park, Dollar General, MOB, Caliber Collision

 

1.      Strip Center in Victorville, CA: 6429 SF attractive retail center on .89 ac lot in growing San Bernardino County. Adjacent to Rite Aid Pharmacy. 84% NNN leased to Dental Office, BBQ Restaurant, Nail Salon & Martial Art Studio. Actual NOI $112K/yr. $1.78M. 6.30% actual cap. Upside potential when fully leased.

2.      Retail Center in Topeka, KS: 12,241 SF retail center built in 1992 on over 1 ac outparcel to Walmart Supercenter and Sam’s Club. 100% NNN leased to Panera Bread and Jose Pepper’s Mexican Restaurant. NOI $167K/yr. $2.584M. 6.50% cap.

3.      KinderCare in Mayfield Heights, OH: 7492 SF well maintained single-tenant day care facility on 1.30 ac lot in upper middle-class Cleveland suburbs. Adjacent to several corp buildings. Tenant has been at this location for 19 yrs. Recently extended absolute NNN lease with 5 yrs left. NOI $161K/yr. $2.156M. 7.50% cap.

4.      The Woods at Parkside in Columbus, OH: 26,372 SF three-story single-tenant rehabilitation facility on 6.84 ac lot in growing and upper middle-class neighborhood. 100% NNN leased to The Woods at Parkside, treating problems with chemical dependency, alcohol abuse, mood disorders and mental diseases. NOI $432K/yr with 1% annual rent increases. $4.5M. 9.60% cap.

5.      Industrial Park in Fremont, CA: 166,758 SF consisting of three buildings on 9.80 ac lot in high income Silicon Valley with an AHI of $134K/yr. Close to I-680/880. 87% NNN leased to two tenants including Hewlett Packard Enterprise. 7% cap. NOI/Price N/A.

6.      Retail Center in Algonquin, IL: 8900 SF retail center built in 2007 on over1 ac lot in high income (AHI %119K/yr) Chicago suburbs. 64% leased to Edward Jones, Chiropractor and Dentist. Actual NOI $88K/yr. $1.1M. 8% actual cap. Upside potential.

7.      Dollar General in Barstow, CA: 9000 SF Dollar General built in 2013 on 1.16 ac lot along main artery in growing San Bernardino County. 100% absolute NNN corp lease with 11 yrs left. NOI $141K/yr. $2.315M. 6.10% cap.

8.      Shopping Center in Round Rock, TX: 64,084 SF shopping center constructed in 2005 on 7.66  ac lot anchored by Big Lots in Austin suburbs. Other major tenants: Reavis Rehab & Wellness Center, Carousel Pediatrics and Papa John’s Pizza. Close to I-35. 91% NNN leased. Actual NOI $848K/yr. $9.636M. 8.81% cap.

9.      MOB in Hurst, TX: 12,230 SF Class-B medical office building on over 1 ac lot in high income Ft Worth/Dallas MSA. 100% NNN leased to multiple tenants including; DFW Laser Lipo, Aztec Medical Research and Cimarron Professional Dental Group. Near Walmart Supercenter. NOI $211K/yr. $2.392M. 8.85% cap.

10.    Caliber Collision in Lancaster, CA: 18,642 SF recently renovated auto body shop on 1.33 ac lot in growing middle-class area. 10 yrs NNN corp lease. NOI $146K/yr with 2% annual rent bumps. $2.4M. 6.12% 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: Avg. 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.

06-15: Northern Tools, Wendy’s, Neighborhood Centers, Strip Centers, Shopping Centers, Retail Centers

1.      Retail Center in Sacramento, CA: 14,288 SF attractive retail center on 1.11 ac lot in a fast growing area. Tenants include: Subway, Starbucks, Nails Salon, Day Spa, Don Quixote Mexican Grill and Donut Madness. 89% NNN leased. NOI $231K/yr. $3.51M. 6.60% cap.

2.      Northern Tool in Tarpon Springs, FL: 25,461 SF single tenant retail building completed in 2008 on 2.46 ac lot in Tampa suburbs. Along US Hwy-19. 15 yrs NNN lease with 6 yrs left to a strong operator with over 90 stores. NOI $299K/yr with 5% rent increases every 5 yrs. $3.988M. 7.50% cap.

3.      Neighborhood Center in Orland Park, IL: 59,835 SF well maintained shopping center on 4.80 ac lot along busy corridor in Chicago suburbs. 89% leased to Savers, Surface Solutions, Art & company and Space Golf. Actual NOI $427K/yr. $4.75M. 9% cap.

4.      Wendy’s in Milwaukee, WI: 2816 SF well kept single-tenant fast food restaurant on .83 ac outparcel to Dollar Tree shopping center. 100% lease with 4 yrs left to a strong franchisee with over 250 units. NOI $103K/yr. $1.333M. 7.80% cap.

5.      MOB in Newport News, VA: 12,971 SF Class-B single-tenant medical office building constructed in 2006 on 1.31 ac lot in Norfolk MSA. 100% leased to Riverside Surgical Specialists. NOI $266K/yr. $3.8M. 7% cap.

6.      Strip Center in Buford, GA: 8960 SF strip center on .80 ac lot along busy corridor in growing Atlanta suburbs. 100% leased to three tenants. NOI $93K/yr. $1.038M. 9% cap.

7.      Shopping Center in Poughkeepsie, NY: 25,195 SF well maintained shopping center on 5.13 ac corner lot in affluent New York MSA with an AHI of $109K/yr in a 1 mile radius. 95% leased. Actual NOI $286K/yr. $3.95M. 7.24% actual cap. Upside potential when fully leased.

8.      Retail Center in Clermont, FL: 9740 SF retail center built in 2003 in growing Orlando suburbs. All units face major corridor. 100% leased to local tenants. NOI $131K/yr. $1.545M. 8.50% cap.

9.      Strip Center in Carol Stream, IL: 7889 SF attractive strip center built in 2008 on over 1 ac lot in growing and upper middle-class Chicago suburbs. 100% NNN leased to four tenants. NOI $173K/yr. $2.276M. 7.60% cap.

10.    Retail Center in Memphis, TN: 18,000 SF well kept retail center on 2.31 ac lot along main thoroughfare. With easy access to Hwy-385. 100% leased with excellent tenant mix including, Sprint, Metro PCS, Barber, Asian Market and more. NOI $107K/yr. $1.071M. 10% 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: Avg. 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.