02-15: Medical Arts Building, Fresenius, Walgreens, Premier Oral Surgery & Implants, U.S. Renal Care, Mixed-use, Grifols Biomat, IKEA Shadow-Anchored Buildings

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  1. Fresenius Kidney Care in Golden Valley, MN: 7,810 SF 18-stations dialysis center built in 1978 on .95 ac lot. Near North Memorial Health Robbinsdale Hospital. In high-income Minneapolis MSA with an AHI of $120K/yr. in a 1-mile radius. 100% NNN- lease till 2027. NOI $113K/yr. $1.617M. 7% cap.
  2. Walgreens in Tacoma, WA: 14,168 SF drive-thru pharmacy constructed in 1997 on 1.46 acres lot. At a signalized intersection. New roof installed in 2020 with 20-year guarantee. 100% NNN- corp lease till 2030. NOI $259K/yr. $3.65M. 7.10% cap.
  3. Medical Arts Building in Clifton Park, NY: 17,000 SF trophy state-of-the-art Medical Office Building fully renovated in 2020, on 2.4 acres lot in Albanese metro. 100% NNN leased to St. Peter’s Health Partners/Trinity Health, a credit tenant Fitch Rated ‘AA-‘ with 3.5 years left. Tenant spent over $8M to equip the center. NOI $425K/year. $6.292M. 6.75% cap. Buyer to assume $4.5M loan at attractive 3.25% interest matured in 3.5 years. Transmercial believes property can be acquired at 7.5% cap.
  4. Premier Oral Surgery and Implants in Grand Blank, MI: 4,557 SF attractive single tenant medical office building renovated in 2015 on 3.26 acres lot. In affluent Detroit metro with an AHI of $122K/yr. in a 1-mile ring. 100% NNN- lese till 2028 to an operator with multiple locations. NOI $106K/yr. with 2% annual rent increases. $1.248M. 8.50% cap.
  5. Shopping Center in Oklahoma City, OK: 49,436 SF well maintained neighborhood plaza on 3.74 acres lot. Along main retail artery. 78% occupied with good tenant mix. Actual NOI $454K/yr. $5.194M. 8.75% cap. Upside potential when fully occupied.
  6. Grifols Biomat in Menasha, WI: 14,102 SF blood donation center built in 1991 on 8.15 acres lot in Appleton suburbs. At a highly visible location. Near Hwy-441. 100% leased. NOI $213K/yr. $2.4M. 8.89% cap.
  7. Mixed-use in Bakersfield, CA: 6,313 SF well maintained medical office building .86 ac lot. Fully occupied to Just for Kids, Midown Dentistry, and Panache Salon. NOI $146K/yr. $2.165M. 6.75% cap.
  8. U.S. Renal Care in San Antonio, TX: 16,000 SF 36-stations dialysis center built in 2016 on 1.34 acres lot. At a high traffic location with 45,110 CPD. 100% absolute NNN lease with 2.5 years remaining to an operator with 400+ locations in 32 states. NOI $452K/yr. with 3% annual rent increases. $6.243M. 7.25% cap. Flyer not available, full brochure upon request.
  9. Multi-Tenant Building in West Sacramento, CA: 6160 SF retail building developed in 2009 on .82 ac lot. Part of Riverpoint Marketplace shadow anchored by IKEA, Walmart and Home Depot. Near I-80. 100% NNN leased to T-Mobile, Wing Stop, and Burger King. NOI $255K/yr. $4.089M. 6.25% cap. Note flyer not available, full brochure upon request.
  10. Five Guys Anchored Building in West Sacramento, CA: 5,855 SF attractive retail building completed in 2012 on .82 ac lot. Part of Riverpoint Marketplace shadow anchored by IKEA, Walmart and Home Depot. Near I-80. 100% NNN leased to Five Guys, Sourdough & Co. and AT&T. NOI $195K/yr. $3.265M. 6% cap. Flyer not avail, full OM 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: 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.