06-07: Brookhaven Health Center, Novant Health Pediatrics, Medical Condo, Edward-Elmhurst Health Care, Walgreens, Retail Center

1. Walgreens in Gilroy, CA: 14,469 SF attractive drive-thru Walgreens pharmacy remodeled in 2015 on 1.34 ac lot in high income area with an AHI of $137K/yr. in a 3-mile radius. Along Hwy-152. 100% absolute NNN corp lease till 2029. NOI $540K/yr. $11.377M. 4.75% cap.

2. Retail Center in Charlotte, NC: 19,523 SF attractive retail center built in 2001 on 1.70 ac lot in a fast-growing area. 83% leased to multiple tenants. Six out of eight tenants under NNN leases. NOI $367K/yr. $4.375M. 8.4% cap.

3. Medical Condo in Tampa, FL: 2630 SF Class-A single tenant medial condominium developed in 2005. Close to Memorial Hospital. 100% NNN leased. NOI $82K/yr. $1.032M. 8% cap.

4. MOB in Maryville, IL: 6,000 SF attractive medical office building completed in 2009 on 2 ac lot I high-income St. Louis suburbs. 100% NNN leased to Anderson Medical Group and Physiotherapy Associates. NOI $116K/yr. $1.434M. 8.15% cap.

5. Edward-Elmhurst Health Care in Downers Grove, IL: 9521 SF freestanding single tenant drive-thru medical facility on 2.13 ac corner location in affluent Chicago suburbs. 5-year NNN- lease to a strong operator with more than 60 locations. NOI $198K/yr. $3.315M. 6% cap.

6. Novant Health in Rock Hill, SC: 8980 SF single tenant medical office building renovated in 2006 on 1.74 ac lot in Charlotte MSA. 100% NNN- corp lease to Novant Health Rock Hill Family Medicine with over 3 years left. Close to Piedmont Medical Center. NOI $220K/yr. with 3% annual rent increases. $3.582M. 6.15% cap.

7. Novant Health Pediatrics in Charlotte, NC: 3,392 SF attractive single tenant medical office building completed in 2006 in affluent neighborhood with an AHI of $160K/yr. in a 3-mile ring. 100% NNN lased till 2023 to a strong operator with 831 locations. NOI $85K/yr. with 2.5% annual rent escalations. $1.39M. 6.15% cap.

8. Retail Building in Stockton, CA: 4,500 SF two tenant retail building on .44 ac lot. Shadow anchored by Save Mart Supermarkets and Dollar Tree. 100% NNN leased to Smokey Joe’s and Oriental Chef. NOI $67K/yr. $1M. 6.75% cap.

9. MOB’s in College Station, TX: 11,420 SF Class-B consisting of two attractive medical office building in fast growing and high-income area. Close to St. Joseph Health College Station Hospital and Baylor Scott & White Medical Center. 100% NNN leased to multiple medial and professional tenants. NOI $296K/yr. $4.568M. 6.50% cap.

10. Brookhaven Health Center in Atlanta, GA: 20,955 SF 2-story well maintained medical building on nearly 1 ac lot along busy corridor. Close to I-85 with over 212,000 CPD. 100% leased till 2030 to one of the largest public health systems in the US. NOI $406K/yr. with 2.5% annual rent increases. $6.78M. 6% 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.