09-22: DaVita Kidney Clinics, Ocean State Urgent Care, Mixed-use, Save-A-Lot Plaza, Prisma Health, Anchored Shopping Centers

1. Ocean State Urgent Care in Warwick, RI: 4192 SF freestanding established urgent care center at a corner location in Providence MSA. 100% NNN leased till 2027. NOI $119K/yr. with 3% annual rent increases. $1.7M. 7% cap.  

2. Mixed-use in Peoria, IL: 65,000 SF Class-B multitenant office/retail center along busy artery. Currently leased to 33 tenants. NNN leases. NOI $331K/yr. $3.15M. 10.53% cap.

3. Save-A-Lot Plaza in Akron, OH: 115,600 SF well maintained shopping center on 6.29 ac lot anchored by 13,800 SF Save-A-Lot grocery. Facing two signalized intersections. 72% leased with excellent tenant mix. NOI $615K/yr. $7.695M. 8% cap. Upside potential when fully occupied.

4. Goodwill Anchored Plaza in East Peoria, IL: 46,257 SF well-kept shopping center on 3.62 ac lot. Close to Costco Wholesale. At busy thoroughfare with over 28,000 VPD. Mostly NNN leases. 100% leased to Goodwill, Rent-A-Center, Advance Auto Parts, Firehouse Pizza, Dollar Tree, and Wrought Iron Fitness. NOI $394K/yr. $5.258M. 7.50% cap.

5. Walmart Neighborhood Shadow Strip in Hope Mills, NC: 12,238 SF six-units strip center built in 2017 on 3.33 ac lot. Shadow anchored by Walmart Neighborhood Market. 100% NNN leased to Anytime Fitness, Liberty Tax, Lily Nails, China Star, Yamato Express, and Vapor World. NOI $274K/yr. $3.916M. 7% cap.

6. Strip Center in Franklin, WI: 16,583 SF attractive retail center constructed in 1995 on 1.37 ac lot in Milwaukee suburbs. Shadow anchored by The Home Depot and Planet Fitness. Adjacent to Walmart and Sam’s Club. 100% NNN leased with great tenant mix including Physicians Immediate Care, Sprint, Check N’ Go, GNC, and Pap Murphy’s. NOI $338K/yr. $4.7M. 7.20% cap.

7. Prisma Health in Greenville, SC: 4,341 SF attractive single tenant medical office building developed in 1998 on 1 ac lot. Adjacent to Patewood Medical Campus & St. Francis Eastside Hospital. Close to Haywood Mall. With easy access to I-385. 100% leased to an operator with multiple locations. NOI $61K/yr. with scheduled rental increases. $1M. 6.10% cap.

8. DaVita in Savannah, GA: 8,897 SF 16-stations DaVita dialysis center built in 2015 at a corner location. 100% NNN- corp lease with 8.5 years left. NOI $207K/yr. with a 10% rent increase in year 2025. $4.144M. 5% cap.

9. DaVita in Sumter, SC: 9232 SF 16-stations kidney dialysis clinic developed in 2015 along busy artery. With 3 points of ingress/egress. 100% NNN- corp lease with 9 years remaining to a strong national tenant with 2,795 clinics. NOI $169K/yr. with a 10% rent bump in 2025. $3.393M. 5% cap.  

10. Rite Aid & T.J. Maxx Anchored Center in Fresno, CA: 82,788 SF well maintained neighborhood center on 7.58 ac lot anchored by Rite Aid and T.J. Maxx. At a hard corner location. 96% leased to nine tenants. NOI $760K/yr. $10.865M. 7% 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.