11-19: Walgreens, Retail Centers, AutoZone, DaVita, Shopping Plazas

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1.   Retail Shops in Las Cruces, NM: 6,836 SF consisting of two retail buildings completed in 2006 on 1 ac corner lot along busy retail corridor. Close to I-25 and Hwy-70. Across from Sam’s Club. 100% NNN lease to Starbucks, AT&T and Sushi Freak. NOI $182K/yr. $2.6M. 7% cap.

2.   AutoZone in Woonsocket, RI: 6,201 SF well maintained single tenant retail building on .61 ac lot in Providence MSA. 100% NNN- corp lease with minimal landlord responsibilities till 2030. NOI $79K/yr. $1.216M. 6.50% cap.

3.   DaVita in Owensboro, KY: 4,200 SF built-to-suit dialysis center built in 2013 on .88 ac lot. Adjacent to Walmart Supercenter. 100% NNN- corp lease with over 8 years left. NOI $101K/yr. $1.6M. 6.35% cap.

4.   Advance Auto Parts in Nederland, TX: 7,055 SF single tenant retail building completed in 2001 on nearly 1 ac lot in Beaumont suburbs. 100% NNN- corp lease till 2021. $1.15M. 7.64% cap.

5.   Shopping Plaza in Jonesboro, AR: 43,000 SF consisting of three retail centers on 5.38 ac lot. On an off/on ramp of I-555. Leased to professional, medical and retail tenants. NOI $436K/yr. $5.748M. 7.6% cap.

6.   Retail Center in Powell, TN: 21,149 SF attractive retail center built in 2007 on 2 ac lot in growing Knoxville metro. Adjacent to North Knoxville Medical Center. 100% NNN leased to eleven tenants including Five Guys and Edward Jones and E TENN Urological & Med Supply. NOI $392K/yr. $5.5M. 7.14% cap.

7.   Walgreens in Portage, IN: 13,905 SF drive-thru pharmacy built in 1999 on over 4 ac lot at a hard corner location in Chicago MSA. Across from Meijer and near Walmart. 100% NNN- corp lease with nearly 9 years left. NOI $247K/yr. $3.487M. 7.10% cap. Flyer not available, full OM upon request.

8.   Shopping Center in Los Banos, CA: 23,076 SF attractive neighborhood center completed in 2002 on over 3 ac lot in growing Merced County. Shadow anchored by Food4Less.100% leased. NOI $241K/yr. $3.45M. 7% cap. Flyer not available full marketing package upon request.

9.   Walgreens in Fridley, MN: 13,905 SF Walgreens pharmacy constructed in 1998 on 2.41 ac lot at a hard corner location in Minneapolis suburbs. 100% NNN- corp lease with almost 9 years left. NOI $270K/yr. $3.857M. 7% cap. 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: 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.