08-30: Food Town Anchored Center, Burlington, Mavis Tire & Brakes, Mixed-use, MSC Industrial Supply, Strip Center, Rite Aid & O’Reilly Auto Parts, MOB

/by
  1. Strip Center in Marietta, GA: 12,860 SF attractive multitenant retail center built in 208 on 1.25 ac lot in growing Atlanta MSA. Close to Walmart and Sam’s Club. With easy access to I-75. 100% leased. NOI $151K/yr. $1.55M. 9.80% cap.
  2. MSC Industrial Supply (NYSE: MSM) in Southfield, MI: 49,524 SF single tenant industrial condominium on 5.53 ac lot in Detroit suburbs. 100% NNN corp lease till 2027 to MSC Industrial Direct, one of the largest industrial equipment distributors in the US, distributing more than 1.9M metalworking and other industrial products. NOI $550K/yr. with 2% annual rent increases. $6.618M. 8.31% cap.
  3. Retail Center in Warner Robins, GA: 21,000 SF attractive retail center constructed in 2013 on 1.81 ac lot in a high-income neighborhood with a MHI of $100K/yr. in a 1-mile radius. NOI $219K/yr. $2.931M. 7.50% cap.
  4. Retail Building in Gastonia, NC: 12,014 SF three-tenant retail building developed in 2009 in growing Charlotte MSA. 100% NNN leased to Dollar General, Little Caesars, and locally owned franchise Tobacco & Vape. NOI $157K/yr. $2.167M. 7.25% cap.
  5. Mixed-use in Victorville, CA: 35,049 SF Class-A two-story professional/medical building constructed in 2007 on nearly 2 ac lot in growing San Bernardino County. 96% leased with excellent tenant mix including, Jonah Medical Group, Veterans Affairs, and Desert Vascular Institute. NOI $644K/yr. $8.92M. 7.23% cap.
  6. Food Town Anchored Center in Houston, TX: 115,885 SF neighborhood center on 8.52 ac lot at a corner location with multiple points of ingress/egress. Anchored by 50,000 SF Food Town, a regional grocery chain with 30 locations. Other major tenants: Family Dollar, Subway, Domino’s Pizza, Jackson Hewitt Tax Service and Galaxy Insurance. 97% leased. 45% of the GLA has NNN leases. Actual NOI $717K/yr. $10.182M. 7.05% cap.
  7. Mavis Tire & Brakes in Lawrenceville, GA: 6468 SF well maintained auto center built in 1999 on 1 ac lot in fast growing Atlanta metro. Along major corridor with over 40,000 VPD. 100% absolute NNN corp lease till 2024 to a strong operator with over 1,000 locations. NOI $182K/yr. $2.438M. 7.50% cap.
  8. Burlington in Oxnard, CA: 26,487 SF recently renovated single tenant retail building developed in 2010 on 1.35 ac lot in upper middle-class seaside city west of Los Angeles. Part of Port Place Shoppes with Esporta Fitness and Smart & Final. New NNN lease till 2032. NOI $370K/yr. with a rent bump in year 6. $7.416M. 5% cap.
  9. Rite Aid & O’Reilly Auto Parts in Martinez, CA: 29,813 SF two-tenant well maintained retail center remodeled in 2020 on 1.10 ac lot in affluent Contra Costa County with an AHI of $142K/yr. in a 1-mile ring. Close to Martinez Medical Center. 100% NNN leased to Rite Aid Corporation and O’Reilly Auto Parts. NOI $504K/yr. $9.618M. 5.25% cap.
  10. MOB in Gainesville, FL: 12,867 SF single tenant medical office building constructed in 2002 on .49 ac outparcel to 510-bed North Florida Regional Medical Center. 10 years NNN- lease with over 5 years remaining. NO $205K/yr. with 3% annual rent increases. $3.52M. 5.82% cap. Note: Flyer not available, 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:/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.