11-30: Medical Clinic, Bravera Health Anchored Plaza, Automotive Centers, MOB, Asthma & Allergy Center, Shopping Plazas, Mixed-use Plazas

2. Shopping Plaza in Houston, TX: 70,275 SF well maintained neighborhood center developed in 1984 on 4.5 ac lot. In fast growing and high-income area with an AHI of $94K/yr. in a 3-mile radius. 74% NNN leased to retail, professional, and medical tenants. NOI $494K/yr. $7.071M. 7% cap. Upside potential when fully occupied.

3. Strip Center in Lubbock, TX: 11,201 SF attractive retail center built in 2005 on over 1 ac lot at a highly visible location. Near Walmart Supercenter. 100% NNN leased. NOI $162K/yr. Price reduced from $2.55M to $2.425M. 6.7% cap.

4. MOB in Winston-Salem, NC: 17,577 SF single tenant medical building completed in 1998 on 1.96 ac lot. Close to 921-bed Novant Health Forsyth Medical Center. 10 years absolute NNN lease with 6+ years left to Piedmont Cosmetic Surgery and Dermatology Center. NOI $368K/yr. with 2% annual rent increases. $5.5M. 6.70% cap.

5. Bravera Health Anchored Plaza in Spring Hill, FL: 45,643 SF well-kept retail plaza renovated in 1995 on 5 ac lot. Adjacent to a major throughfare with over 38,000 CPD. 95% leased to medical and retail tenants. NOI $534K/yr. $8.1M. 6.60% cap.

6. Retail Center in College Station, TX: 14,993 SF attractive retail center at a corner location in a fast-growing city. Next to Walmart Supercenter. 100% NNN leased to Believe Therapies, DDS Dentures, Blue Fin Sushi, and Garpez Authentic Mexican Food. NOI $307K/yr. $4.728M. 6.50% cap.

7. Automotive Center in Kennesaw, GA: 18,107 SF consisting of two multitenant auto centers developed in 2019. In fast growing and high-income Atlanta metro with an AHI of $101K/yr. in a 3-mile ring. 100% NNN leased to six tenants. NOI $269K/yr. $4.38M. 6.15% cap.

8. MOB in Amarillo, TX: 4782 SF single tenant medical building constructed in 1967 on .83 ac lot along major artery. Across from Amarillo VA Health Care System Hospital. Near Amarillo College. 100% absolute NNN leased till 2030 to Amy Upton Family Practice. NO $76K/yr. with 1.75% annual rent increases. $1.25M. 6.14% cap.

9. Neret MD Medical Clinic in Lake Jackson, TX: 3,900 SF single tenant medical clinic built in 1983 on .38 ac lot in a high-income area. This is a sale-leaseback investment. New 5-years absolute NNN lease. NOI $78K/yr. with 2.5% annual rent increases. $1.006M. 7.75% cap.

10. Asthma & Allergy Center in Roanoke, VA: 9,120 SF Class-B single tenant medical building completed in 2000 on over 1 ac corner lot. Close to Carilion Roanoke Community Hospital. This is a sale-leaseback investment. New 5-year NNN- lease with minimal landlord responsibilities. NOI $218K/yr. Price/Cap N/A.      

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.