06-27: Day Care Facility, Walgreens, MOB, Shopping Centers, Strip Centers

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Advisory: The interest rates are falling! Transmercial recently receives a loan quote for a 10 years fixed rate at 4.08% for a shopping center in NM and another 7 years fixed rate for 4.05% for another medical office building in GA. Transmercial has not seen these low rates for awhile. When the cap rate remains the same but the interest rates are lower, the return of investment is higher and more attractive.

 

1.   Walgreens in Sacramento, CA: 15,120 SF attractive drive-thru Walgreens Pharmacy at a had corner location in a high income area. Long term NNN- corp lease with over 8 years left. NOI $477K/yr. $7.95M. 6% cap.

2.   MOB in Birmingham, AL: 21,283 SF medical office building completed in 2000 on 2.16 ac corner lot. Close to Brookwood Baptist Medical Center and I-65. 100% NNN leased to Fresenius, Southern Care, TherapySouth and Brookwood Sleep Clinic. NOI $429K/yr. $5.808M. 7.39% cap.

3.   Shopping Center in Cedar Hill, TX: 22,816 SF consisting of two retail buildings completed in 2005 on 2.73 ac lot in fast growing Dallas suburbs. Shadow anchored by Walmart Supercenter. 100% NNN leased with excellent tenant mix including Solis Mammography, Allstate Insurance, Edible Arrangements and Key Pharmacy. NOI $385K/yr. $5.47M. 7.01% cap.

4.   Shopping Center in Mesa, AZ: 27,549 SF well maintained shopping center on 2.67 ac lot along major artery in Phoenix suburbs. Across from Mesa Community College and adjacent to Banner Desert Medical Center and Fiesta Mall. 89% NNN leased to retail and medical tenants including Concentra Urgent Care. Actual NOI $394K/yr. $5.45M. 7.25% actual cap. Upside potential when fully leased.

5.   Shopping Center in Houston, TX: 64,500 SF mature shopping center on 4.56 ac lot. Near Greenspoint Mall. Visible from Hwy-8 with over 135,000 CPD. Key tenants: Houston Spinal Pain & Rehab Clinic, Family Health Clinic and CGI Healthcare. 100% leased to retail and medical tenants. NOI $500K/yr. $5.2M. 9.62% cap.

6.   Retail Center in Rancho Cucamonga, CA: 33,437 SF attractive retail center renovated in 2017 on 2.69 ac lot in fast growing Sacramento MSA. Adjacent to Target and Marshalls. Across from Walmart Supercenter. With easy access to Hwy-50. 100% NNN leased with excellent mix of tenants. NOI $709K/yr. $9.64M. 7.35% cap.

7.   MOB in Las Vegas, NV: 30,216 SF Class-B thee-story multitenant medical office building completed in 1991 on 1.39 ac lot. Adjacent to Sunrise Hospital and Medical Center and close to The Strip. 100% leased to multiple tenants. NOI $420K/yr. $6.1M. 6.89% cap.

8.   Day Care Center in Olathe, KS: 9396 SF day care facility completed in 2008 on 1.21 ac lot in growing and high income area with an AHI of $93K/yr in a 3 mile radius. 100% NNN leased to Open Minds Child Development Center. 3% annual rent increases. $1.775M. NOI/Cap N/A.

           
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: Avg. 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.