03-19: Professional Buildings, Pizza Hut, Walgreens Pharmacy, Retail Centers

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Advisory: with all the travel restrictions due to Coronavirus disease (COVID-19), lots of investors put investment purchase on hold as they are unable to visit the properties. Transmercial believes this is an excellent opportunity for you as there is little competition if you are interested in buying a property. You understand this advantage a lot more if you have made several offers and lost to other investors. Of course, there is a some risk if you cannot visit the property. However, it’s more critical to visit a residential property to get a feel of the floor plan. For commercial properties, you don’t live there so it’s not critical. And so, Transmercial suggests to think outside the box by using:

1.   Google streetview and/or

2.   Facetime where the listing broker or property manager or someone local to the property can show the property using the camera on the phone.

 

The property will be inspected by a local inspector so you will know about the property condition. Transmercial will review all the documents: leases, income & expenses, etc. for you and provide you with a summary. And so Transmercial believes you make a calculated risk to purchase a property not being able to physically visit the property.

 

1.   Retail Center in Champaign, IL: 24,454 SF well maintained strip center built on 2.23 ac lot. Shadow anchored by Target and Lowe’s. Next to busy retail corridor with over 31,000 CPD. Close to Market Place Shopping Center Mall with over 100 stores. With easy access to I-74. 100% NNN leased to seven tenants including Sally Beauty Supply (600+ locations), David’s Bridal (330+ locations), Cost Cutters (600+ locations) and America’s Best Contacts (600+ locations). NOI $359K/yr. $4.11M. 8.75% cap.

2.   Walgreens in Indianapolis, IN: 13,379 SF well maintained drug store constructed in 1994 on over 1 ac lot at a signalized corner location. Close to Community Hospital. 100% NNN leased till 2025 with minimal landlord responsibilities. NOI $185K/yr. $2.47M. 7.50% cap.

3.   Professional Buildings in Canton, MA: 40,253 SF consisting of three attractive multistory office buildings in affluent Boston MSA with a MHI of $101K/yr in a 1 mile ring. Next to Canton train station. Leased to medical and professional tenants. NOI $308K/yr. $4M. 7.70% cap.

4.   Pizza Hut in Greenville, SC: 2228 SF well maintained drive-thru fast food restaurant completed in 2003 on .56 ac lot along busy retail artery. Across from Cherrydale Point Mall with T-J-maxx, Ross Dress for Less and Movie Theater, Recently extended NNN ground lease (land for sale) till 2026 to a strong franchisee. NOI $78K/yr with a rent bump in 2021. $1.121M. 7% cap.

5.   Walgreens in Arlington, TN: 15,120 SF drive-thru pharmacy competed in 2000 on 1.46 ac lot at a major corner intersection. Along Hwy-64 with over 47K CPD. Close to I-40. 100% NNN- lease till 2030. NOI $292K/yr. $4.178M. 7% cap.

6.   Retail Center in Oviedo, FL: 14,200 SF well maintained retail center built in 2001 on over 2 ac lot in Orlando suburbs. 100% NNN leased to retail and medical tenants. NOI $368K/yr. $5.047M. 7.3% cap.

 

 

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.

 

David V. Tran

Chief Investment Advisor. CA BRE# 00969014

Transmercial — Commercial Real Estate Investments

408-288-5500 ext. 201, 408-288-5533 (F)

02-25: MOB, Retail Centers, Medical Plazas, Retail Center

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1.   Retail Center in Alpharetta, GA: 15,032 SF attractive retail center built in 2003 on 1.70 ac lot in fast growing and high income Atlanta MSA. Across from Costco and close to Walmart Supercenter. 100% leased to medical and retail tenants. NOI $239K/yr. $3.3M. 7.25% cap.

2.   Medical Plaza in Orange Park, FL: 36,387 SF consisting of three attractive buildings on 7.30 ac lot in high income Jacksonville suburbs with a MHI of $93K/yr in a 1 mile ring. Key tenants: Florida Cancer Specialists, Orange Park Medical Center, Community Hospice, Island Dentistry and Allstate. 86% leased to medical, professional and retail tenants. NOI $502K/yr. $6.9M. 7.28% cap.

3.   Strip Center in Menomonee Falls, WI: 5845 SF well maintained retail center built in 2004 on over 1 ac corner lot in affluent Milwaukee suburbs with an AHI of $127K/yr in a 1 mile ring. 100% NNN leased. NOI $98K/yr. $1.4M. 7.06% cap.

4.   MOB in New Braunfels, TX: 15,490 SF Class-B 2-story multitenant medical office building completed in 2009 on nearly 1 ac lot in San Antonio MSA. 100% NNN leased to Baptist Healthcare, Airrosti and CPL Laboratories. NOI $244K/yr. $3.5M. 7% cap.

5.   Neighborhood Center in Ocala, FL: 155,391 SF well maintained shopping center renovated in 1990 on nearly 12 acres of land. Along major retail artery with over 30,000 CPD. Major tenants include: ACE Hardware, O’Reilly Auto Parts and Staples. 96%  NOI $685K/yr. $7.25M. 9.44% cap.

6.   Retail Center in Spring, TX: 18,582 SF attractive retail center completed in 2007 on 1.89 ac lot in fast growing and high income Houston suburbs. 100% NNN leased to multiple tenants. $5.2M. NOI/Cap N/A.

7.   Strip Center in Urbandale, IA: 12,864 SF well kept retail center renovated in 1992 on .91 ac lot in Des Moines suburbs. All tenants face busy artery. Near Marley Hay Mall. 100% leased with excellent tenant mix. $1.55M. NOI/Cap N/A.

8.   MOB in Marlboro, NJ: 7,000 SF two-story medical office building constructed in 2004 om 1.15 ac lot in affluent New York MSA. 100% leased to multiple tenants. NOI $120K/yr. $1.795M. 6.71% cap.

9.   Retail Center in Fresno, CA: 9192 SF mature retail center on .81 ac lot in a fast growing area. 78% NNN leased to multiple tenants. NOI $121K/yr. $1.795M. 6.78% cap.

 

 

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.

01-28: Burlington, Kobee Steakhouse, Medical Condo, Shopping Centers

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1.   Retail Center in Buffalo, NY: 43,570 SF mature retail center renovated in 1998/2019 on 3.17 ac corner lot. Key tenants: DaVita, Millennium Collaborative Care, Family Dollar and Rent A Center. 93% leased to ten tenants. Mostly NNN leased. Proforma NOI $424K/yr. $2.65M. 16% cap.

2.   Kobee Steakhouse in Longview, TX: 10,740 SF highly rated Japanese restaurant on over 2 ac lot. Tenant has been in business for 13 years. 10 year absolute NNN lease till 2027. NOI $132K/yr with 2% annual rent increases starting in 2022. $1.32M. 10% cap.

3.   Shopping Center in Brooklyn Center, MN: 41,694 SF well maintained shopping center on over 4 ac lot in growing Minneapolis MSA. 95% leased with excellent tenant mix including Dollar Tree, New Horizon Academy, Boost Mobile and Metro PCS. NOI $412K/yr. $4.855M. 8.50% cap.

4.   Strip Center in Cypress, TX: 8400 SF attractive retail center built in 2018 on 2.17 ac lot in high income Houston suburbs. 100% NNN leased to six tenants. NOI $244K/yr. $3.762M. 6.50% cap.

5.   Medical Condo in Raleigh, NC: 13,416 SF well kept medical condominium part of 76,882 SF Park Place Professional Center in a high income neighborhood with an MHI of $90K/yr in a 1 mile ring. Unit will undergo significant interior renovations in 2020. Roof replacement in past 2 years. Tenant has been at this location since 2011. 100% leased till 2028 to Wake Med Physician’s Practices – Heart & Vascular. NOI $239K/yr with 2% annual rent increases. $3.75M. 6.39% cap.

6.   Strip Center in Midwest City, OK: 7500 SF well maintained strip center built in 1996 on 1.25 ac outparcel to Walmart Neighborhood Market in Oklahoma City suburbs. Across from WinCo Foods Supermarket. Just .4 mile from Alliance Health Midwest Medical Center. 81% leased. NOI $91K/yr. $1.224M. 7.50% cap.

7.   Strip Center in Oklahoma City, OK: 6800 SF retail center constructed in 1993 on .71 ac lot in high income area with an AHI of $90K/yr. 100% leased to three tenants. NOI $103K/yr. $1.381M. 7.5% cap.

8.   Retail Center in Oklahoma City, OK: 6900 SF retail center built in 2010 on .85 ac lot along busy artery. 100% leased to five tenants including Dominos Pizza and Allstate. NOI $78K/yr. $1.042M. 7.5% cap.

9.   Burlington in Savannah, GA: 45,981 SF single tenant retail building pm 4 ac lot. Adjacent to Marshalls and T.J. Maxx. Close to Oglethorpe Mall. New 10 year NNN- lease till 2030. NOI $643K/yr with schedule rent increases every 5 years. NOI $643K/yr. $10.299M. 6.25% cap.

10.      Industrial Building in Santa Clara, CA: 11,808 SF industrial building completed in 1979 on .64 ac lot in Silicon Valley. Close to Hwy-101. $4.5M.

 

 

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.

01-08: Advance Auto Parts, O’Charley’s, Old Spaghetti Factory, Oak Street Health, MOB

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1.   Walgreens in Canton, OH: 13,880 SF well maintained drive-thru pharmacy built in 1997 on 2.75 ac corner lot. With five points of ingress/egress. 100% NNN- corp lease till 2030. NOI $239K/yr. $3.323M. 7.20% cap.

2.   Retail Plaza in Hermitage, PA: 51,631 SF shopping center completed in 2006 on nearly 11 ac lot. Across from Walmart Supercenter and close to Shenango Valley Mall. Key tenants: Aspen Dental, Sprint, Sport Clips, GameStop, UPMC Urgent Care, GNC, Sally Beauty Supply and Petco.  92% NNN leased. NOI $754K/yr. $9.5M. 7.95% cap.

3.   Advance Auto Parts in Canal Winchester, OH: 7,000 SF single tenant retail building constructed in 2004 on 1.84 ac lot in Columbus MSA. 100% NNN- corp lease till 2024. NOI $98K/yr. $1.352M. 7.25% cap.

4.   Old Spaghetti Factory in Fairfield, OH: 10,496 SF attractive Italian restaurant built in 2003 on 1.45 ac lot along major retail corridor in Cincinnati suburbs. Adjacent to Cincinnati Mall. Close to 250-bed Mercy Health Fairfield Hospital. On an off/on ramp of I-275 with over 1000K VPD. 100% absolute NNN corp lease till 2027. NOI $189K/yr. Price reduced from $2.688M to $2.585M. 7.35% cap.

5.   Retail Center in Wyoming, MI: 11,256 SF strip center renovated in 2015 on over 1 ac lot along busy retail artery in Grand Rapids suburbs. 89% NNN leased to six tenants and only one vacancy. NOI $153K/yr. $2M. 7.69% cap.

6.   O’Charley’s in Cincinnati, OH: 7316 SF casual dining restaurant renovated in 2016 on 1.5 ac lot in affluent neighborhood with an AHI of $125K/yr in a 3 mile radius. 100% absolute NNN lease till 2023 to a strong operator with over 200 locations. NOI $150K/yr with annual rent increases. $2.235M. 6.75% cap.

7.   Oak Street Health in Memphis, TN: 17,000 SF renovated single tenant medical office building on 2.45 ac lot at a signalized corner location. New 10 year NNN- corp lease to a credit tenant with 2% annual rent increases. 100% leased to Oak Street Health and Region Bank ATM. NOI $186K/yr. $2.657M. 7% cap.

8.   Advance Auto Parts in Plainfield, IL: 7,000 SF single tenant retail building on .79 ac lot in high income Chicago metro with an AHI of $117K/yr in a 1 mile ring. Recently extended NNN- lease till 2025. NOI $120K/yr. $1.46M. 8.22% cap.

9.   MOB in San Antonio, TX: 17,051 SF attractive medical office building constructed in 1998 at a corner location. 100% leased to five tenants including U.S. Renal Care. NOI $224K/yr. $3M. 7.49% cap.          

10.      Auto Repair in Longwood, FL: 4562 single tenant auto center renovated in 2006 on .75 ac lot in Orlando suburbs. Along Hwy-17 with over 34,000 VPD. New 10 year absolute NNN lease. NOI $84K/yr with 5% annual rent increases. $1.125M. 7.50% cap.
 

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.

12-04: Advance Auto Parts, Big Lots, MOB, Shopping Centers, Multi-tenant Medical Buildings

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1.   MOB in Barnegat, NJ: 9,600 SF medical office building completed in 2009 in high income Philadelphia MSA with an AHI of $96K/yr in a 3 mile radius. 100% leased to Acenda Health (22 locations), Northeast Spine and Sport Medicine (10 locations) & Connolly Dermatology (12 locations). NOI $196K/yr. $2.45M. 8.01% cap.

2.   Shopping Center in Las Vegas, NV: 12,320 SF consisting of two well maintained retail centers constructed in 1997 on over 1 ac lot at a signalized corner location. All units face retail artery with over 26,000 CPD. 100% NNN leased to retail, medical and professional tenants. NOI $229K/yr. $2.9M. 7.91% cap.

3.   Big Lots in Bolingbrook, IL: 33,216 SF single tenant retail building built in 2001 on 3.73 ac lot in affluent Chicago metro with a MHI of $106K/yr in a 3 mile ring. Part of Country Aire Plaza with Home Depot, Goodwill, Lumber Liquidators and Casa Margarita, a Mexican restaurant. Recently extended NNN lease with over 4 years left. NOI $201K/yr. $2.7M. 7.48% cap.

4.   Strip Center in Las Cruces, NM: 6836 SF consisting of two freestanding buildings built in 2006 on 1 ac corner lot. Across from Sam’s Club. 100% NNN leased to drive-thru Starbucks Coffee, AT&T and Sushi Freak. NOI $182K/yr. $2.6M. 7% cap.

5.   Advance Auto Parts in Cypress, TX: 6,777 SF single tenant retail building constructed in 2007 on over 1 ac lot in growing Houston suburbs. Recently extended NNN lease with over 7 years left. NOI $117K/yr. $1.768M. 6.65% cap.

6.   Shopping Center in Bedford, TX: 45,240 SF well maintained retail center on nearly 4 ac lot in Dallas/Fort Worth suburbs. Fronts Hwy-183. 92% lease with mostly NNN leases. NOI $582K/yr. $7.4M. 7.87% cap. Upside potential when fully leased.

7.   Retail Center in Bethel Park, PA: 6813 SF well maintained four-tenant retail building in Pittsburgh MSA. 100% NNN leased. NOI $122K/yr. $1.55M. 7.92% cap.

8.   MOB in Fort Wayne, IN: 10,802 SF built-to-suit multitenant medical office building completed in 2017 on 1.76 ac outparcel to 200,000 SF Meijer Grocery. Close to I-69. 100% NNN leased to DirectCare, Harrison Dental Group and Carter Heating Clinics. NOI $273K/yr. $4.075M. 6.70% cap.

 

 

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.

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.

10-31: Jiffy Lube, Family Dollar, Rite Aid, Advance Auto Parts, Business Complex, Retail Plazas, Professional Buildings

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1.   Retail Center in Houston, TX: 11,981 SF beautiful retail center built in 2005 on over 1 ac lot. Anchored by LA Fitness. 100% NNN lease with excellent tenant mix. NOI $316K. $4.5M. 7.03% cap.

2.   Rite Aid in Elmira, NY: 11,348 SF well maintained Rite Aid pharmacy built in 1998 on over 1 ac lot at a signalized intersection. 100% NNN lease with over 9 years left. NOI $183K/yr. $2.4M. 7.63% cap.

3.   Professional Buildings in Phoenix, AZ: 134,713 SF consisting of three multitenant flex industrial & office buildings on over 10 acres of land in a growing and high income area. Next to I-10 with over 96,000 CPD. NOI $1.474M. $20.2M. 7.30% cap.

4.   Advance Auto Parts in Canal Winchester, OH: 6958 SF single tenant retail building constructed in 2003 on 1.84 ac corner lot in Columbus metro. 100% NNN- lease with minimal landlord responsibilities. NOI $98K/yr. $1.352M. 7.25% cap.

5.   Family Dollar in Maryville, TN: 8,000 SF retail building completed in 2012 on over 1 ac lot along busy road in Knoxville MSA. 100% NNN- lease till 2022. NOI $88K/yr. $1.25M. 7.08% cap.

6.   Business Complex in Riverside, CA: 128,912 SF consisting of four one-story well maintained professional buildings on 9.43 ac lot in densely populated Los Angeles suburbs. Close to I-215. 90% leased to 14 tenants. NOI $1.548M. $22M. 7.04% cap.

7.   Retail Center in Indio, CA: 15,120 SF well maintained retail center on 1.34 ac outparcel to Cardenas Market in fast growing Riverside County. Adjacent to Food 4 Less shopping center. 100% NNN leased to 8 tenants. NOI $207K/yr. $3.185M. 6.50% cap.

8.   Retail Center in Madison, WI: 20,266 SF attractive retail center on 1.59 ac lot in a high income area with an AHI of $110K/yr in a 3 mile ring. 100% NNN leased to Talbots, FedEx Office and Orangetheory Fitness. NOI $490K/yr. $6.46M. 7.60% cap.

9.   Jiffy Lube in Waukegan, IL: 1838 SF three-bay auto center built in 2005 on .50 ac lot at a hard corner location. 20 years absolute NNN lease with over 5 years left. NOI $132K/yr. $1.59M. 8.31% cap.

10.      Retail Plaza in Houston, TX: 23,217 SF consisting of two attractive retail center completed in 2012 on over 1 ac lot in a high income area with an AHI of $115K/yr in a 3 mile radius. 92% NNN lased to eight tenants. NOI $500K/yr. $7M. 7.16% cap. Upside potential when fully leased.

 

 

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.

 

10-16: Walgreens, MedCare Urgent Care, Arby’s, MOB, Hardee’s, Retail Plazas

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1.   Retail Center in Jeffersonville, IN: 19,500 SF well maintained retail center built in 2002 on 1.78 ac lot in Louisville suburbs. Adjacent to Meijer Supermarket. 100% NNN leased with excellent tenant mix including Subway, Domino’s Pizza, H&R Block and Great Clips. NOI $179K/yr. $2.3M. 7.80% cap.

2.   Retail Plaza in Spring, TX: 26,472 SF attractive retail center constructed in 2005 on 2.24 ac lot in high income Houston suburbs with an AHI of $109K/yr in a 1 mile ring. 92% NNN leased to fourteen tenants. Seller will master lease 2175 SF vacancy for 1 yr. Pro forma NOI $413K/yr. $5.5M. 7.52% proforma cap.

3.   Professional Buildings in Fort Worth, TX: 7166 SF consisting of two well maintained professional/medical office building completed in 2004 on .81 ac lot. Close to I-35W. 100% NNN leased to multiple tenants. NOI $128K/yr. $1.755M. 7.31% cap.

4.   MedCare in Spartanburg, SC: 7,000 SF drive-thru urgent care center built in 2015 on .86 ac corner lot in a fast growing area. Near Spartanburg Regional Heart Center. 15 year NNN- corp lease till 2030 to Urgent Care Group with 17 locations. NOI $228K/yr with rent increases every 5 years. $3.145M. 7.25% cap.

5.   Arby’s in Hobart, IN: 2440 SF well maintained drive-thru restaurant built in 1999 on 1.21 ac lot along busy artery. Close to I-65 with over 102,000 CPD. 20 year absolute NNN lease till 2024 to a strong operator with 28 units. NOI $133K/yr with 1% annual rent increases. $1.907M. 7% cap.

6.   Retail Plaza in Merced, CA: 68,207 SF shopping center built in 2007 anchored by 53,646 SF Rancho San Miguel Market with six locations. Shadow anchored by CVS Pharmacy. 100% NNN leased. NOI $964K/yr. $13.302M. 7.25% cap.

7.   Retail Center in Martinez, CA: 14,014 SF recently renovated retail center consisting of one multitenant center and one restaurant in growing San Francisco Bay Area. 100% NNN leased to Auto Zone, Family Dentistry, Nail Salon and Fresh Start Cafe. NOI $262K/yr. $5.251M. 5% cap.

8.   MOB in High Point, NC: 12,879 SF two-story single tenant attractive medical office building on nearly 1 ac lot. Adjacent to Wake Forest Baptist Health Center. 100% leased to Wake Forest Baptist Health till 2022. NOI $202K/yr with 2% annual rent increases. $2.4M. 8.5% cap.

9.   Hardee’s in Montgomery, AL: 3604 SF single tenant franchised fast food restaurant renovated in 1992 on 1.55 ac lot. 19 year absolute NNN lease till 2025 to a strong operator with 110 units. NOI $118K/yr with 2% annual rent increases. $1.312M. 9% cap. Note: flyer not avail, full package upon request.

10.      Walgreens in Livonia, MI: 13,905 SF well maintained drive-thru pharmacy built in 1997 on 1.80 ac corner lot in Detroit MSA. 100% NNN– corp lease till 2023. NOI $139K/yr. $1.794M. 7.75% cap. Note: flyer not available, 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.

 

David V. Tran

Chief Investment Advisor. CA BRE# 00969014

Transmercial — Commercial Real Estate Investments

408-288-5500 ext. 201, 408-288-5533 (F)

10-01: MOB, Office Building, Jack in the Box, Retail Plazas, Rite Aid, Retail Centers

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1.   Retail Center in Concord, NC: 15,625 SF well maintained retail center completed in 2003 on 3.43 ac corner lot in Charlotte MSA. 100% leased to multiple tenants including Dollar Genera, Jackson Hewitt and Boost Mobile. NOI $147K/yr. $1.909M. 7.75% cap.

2.   MOB in Fort Collins, CO: 3384 SF attractive single tenant medical office building adjacent to a busy corner location in growing Denver metro. 10 year NNN- lease with over 9 years left to Smile Doctors Braces with over 160 locations in 14 states. NOI $108K/yr with 3% annual rent bumps after 5 years. $1.542M. 7% cap.

3.   Retail Center in Tomball, TX: 15,580 SF under construction retail center on 2.38 ac lot in affluent Houston suburbs with a MHI of $107K/yr in a 3 mile radius. 100% NNN leased out and ready for delivery by Spring 2020. NOI $406K/yr. $5.8M. 7% cap.

4.   MOB in Dallas, TX: 27,942 SF single tenant medical office building built in 2004 on 3 ac lot along busy artery with over 38,000 VPD. New 10 year NNN- lease. NOI $558K/yr with 2% annual rent increases. $6.985M. 8% cap.

5.   Shopping Center in Tulsa, OK: 53,994 SF attractive shopping center renovated in 2004 on over 5 ac lot. With easy access to Hwy-169. 78% leased with good tenant mix including O’Reilly Auto Parts, Citi Trends, Allstate Insurance and AT&T. 291K/yr. $3.759M. 7.75% cap.

6.   Office Building in Boise, ID: 43,305 SF Class-A two-story multitenant office building remodeled in 2018/2019 on 2.78 ac lot in a high income area with a MHI of $100K/yr in a 1 mile ring. 100% leased to multiple tenants. NOI $514K/yr. $6.86M. 7.50% cap.

7.   MOB in Las Vegas, NV: 18,757 SF Class-B two-story multitenant medical office building constructed in 1999 on 1.29 ac corner lot. Close to MountainView Hospital. Near Hwy-95 with over 200K VPD. 82% NNN leased to four tenants and only one vacancy. NOI $537K/yr. $7.3M. 7.36% cap.

8.   Jack in the Box in Bend, OR: 2370 SF drive-thru fast food restaurant built in 2009 on .52 ac corner lot. 100% absolute NNN leased with over 10 years left to an experienced franchisee. NOI $168K/yr. $2.3M. 7.34% cap.

9.   Retail Plaza n Tamarac, FL: 84,655 SF consisting of three attractive retail buildings at a major retail corridor in Fort Lauderdale suburbs. With over $3M in capital improvement including a new roof, new facade, new parking and lighting, landscaping and more. Key Tenants: Planet Fitness, La Colonia Medical Center. NOI $1.146M/yr. $15.7M. 7.30% cap.

10.Rite Aid in Antioch, CA: 16,708 SF recently remodeled drive-thru drug-store on nearly 2 ac lot at a signalized corner location in high income Contra Costa County. 100% leased. NOI $303K/yr. $4.998M. 6.07% cap.                                        

 

 

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.

 

David V. Tran

Chief Investment Advisor. CA BRE# 00969014

Transmercial — Commercial Real Estate Investments

408-288-5500 ext. 201, 408-288-5533 (F)

09-30: Rite Aid, Freddy’s Frozen Custard, IHOP, MOB, Office Buildings, Retail Plazas

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Installed Plugins

 

1.   MOB in Albuquerque, NM: 8,300 SF well maintained single tenant medical office building on 1.54 ac lot. Close to Presbyterian Kaseman Hospital and I-40. 100% NNN lease with 15 years left to Modern Vascular. 3 year corp guarantee. NOI $360K/yr with scheduled rent increases. $4.8M. 7.5% cap.

2.   Rite Aid in Chesapeake, VA: 10,168 SF drive-thru Rite Aid built in 1995 on 1.27 ac lot at a signalized corner location. In high income Norfolk suburbs with an AHI of $90K/yr in a 3 mile radius. 100% absolute NNN corp lease till 2024. NOI $159K/yr. $1.874M. 8.50% cap.

3.   Retail Plaza in Fort Myers, FL: 48,220 SF consisting of three retail centers completed in 2008. Shadow anchored by Super Target. Key tenants: Dollar Tree, Pet Supplies Plus, Cricket Wireless and Verizon. 92% NNN leased. Actual NOI $603K/yr. $8.505M. 7.10% cap.

4.   DaVita in Rosenberg, TX: 6,000 SF dialysis center built in 2001 on .86 ac lot in high income Houston metro. With easy access to I-69 with over 72,000 VPD. 12 year absolute NNN lease till 2023. NOI $241K/yr with 2% annual rent increases. $3.381M. 7.14% cap.

5.   Shopping Center in Fontana, CA: 24,895 SF consisting of two retail buildings completed in 2006 on over 2 ac lot at a signalized corner location in growing San Bernardino County. Along I-66 with over 36,000 CPD. 92% NNN leased. NOI $343K/yr. $5.5M. 6.25% actual cap. Upside potential when fully leased.

6.   Freddy’s Frozen Custard & Steakburgers in Akron, OH: 2,600 SF brand new American fast-casual restaurant on nearly 1 ac lot. Across from major power center with Target. Adjacent to Residence Inn Marriott and Hampton Hotel. With easy access to I-77. New 15 years absolute NNN lease to a strong national tenant with 300+ locations. NOI $169K/yr with 7.5% rent increases every 5 years. $2.0707M. 6.25% cap.

7.   Black Bear Diner in Tulsa, OK: 5736 SF newly renovated freestanding restaurant on 1.57 ac outparcel to Belk and Target center in a high income area. At a prime retail location. Visible from Hwy-169 with over 30,000 CPD. 100% absolute NNN corp with over 9 years left. NOI $175K/yr with 10% rent bumps every 5 years. $2.916M. 6% cap.

8.   IHOP in Memphis, TN: 4,740 SF IHOP restaurant built in 1999 on 1.16 ac lot along busy retail corridor. Near I-40 with over 138,000 VPD. 25 year absolute NNN corp lease with over 7 years left. NOI $212K/yr with 10% rent increases every 5 years. $3.149M. 6.75% cap.

9.   MOB in Garfield Heights, OH: 44,458 SF Class-B two-story multitenant medical office building completed in 1998 on over 3 ac lot in Cleveland suburbs. Off of I-480. 77% leased to Centers For Dialysis, GDP Group, Hudec Dental, Marymount Hospital, and Merida Medical Group. NOI 403K/yr. $4.661M. 8.65% cap.

10.Office Building Santa Ana, CA: 7734 attractive two-story office building constructed in 2001 in densely populated Los Angeles suburbs. 100% leased to Atlantis Eyecare. NOI $162K/yr. $2.707M. 6% cap.                                      

 

 

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.