Transmercial – Commercial Real Estate
1340 Tully Road, Suite 306, San Jose CA 95122-3055
Tel: (408) 288-5500
Fax: (408) 288-5533
info@transmercial.com
Office Hours
M-F 8:30AM - 3:30PM PST
Sat.: by appointment
Our office is in the Tully Business Center on Tully Road. (between Highway 101 and McLaughlin). Click for Map
Sat.: by appointment
Our office is in the Tully Business Center on Tully Road. (between Highway 101 and McLaughlin). Click for Map
09-22: MOB, Rite Aid, Walgreens, Fresenius Dialysis Center, Medical Condo Portfolio
/by Maria2. MOB in Downers Grove, IL: 14,369 SF well maintained 2-story multitenant medical office building on over 1 ac lot in high income Chicago MSA with a MHI of $98K/yr in a 1 mile radius. 90% leased to multiple medical tenants. NOI $193K/yr. $2.2M. 8.8% cap. Upside potential when fully leased.
3. Rite Aid in Garden City, MI: 11,060 SF Rite Aid pharmacy completed in 2000 on 1.60 ac lot in Detroit suburbs. 100% NNN- corp lease till 2025. NOI $248K/yr. $3.11M. 8% cap.
4. Medical Condos in Various Cities in CA: 9,391 SF consisting of five medical condos in high income neighborhoods. 100% NNN leased till 2025 to Bay Area Oral Surgery & Implantology. NOI $287K/yr. $4.103M. 7% cap.
5. MOB in St. Petersburg, FL: 13,015 SF single tenant medical office building renovated in 2015 on 1.36 ac lot. Brand new 20 year absolute NNN corp lease to Pasadena Surgery Center serving the Tampa Bay area since 1984. NOI $386K/yr with 7.5% rent bumps every 5 years. $5.945M. 6.50% cap.
6. Fresenius in Oklahoma City, OK: 8,000 SF dialysis center built in 1998 on over 1 ac lot. 100% NNN- lease till 2024. NOI $114K/yr. $1.754M. 6.5% cap.
7. MOB in Bloomingdale, IL: 11,609 SF Class-B medical office building completed in 1994 on .49 ac lot in affluent Chicago metro with a MHI of $96K/yr. Anchored by DuPage Medical Group. 90% leased to multiple tenants. NOI $365K/yr. $4.43M. 8.25% cap.
8. MOB in Jackson, MI: 13,978 SF well kept multitenant medical office building on .81 ac corner lot. 100% leased to multiple tenant including Pulmonary Clinic, Verma Neurology and Kidney &
9. Walgreens in Rockford, IL: 13,000 SF drive-thru pharmacy at a signalized corner location with multiple points of ingress/egress. 100% NNN- lease till 2023. NOI $140K/yr. $1.938M. 7.25% cap.
10.MOB in Tucker, GA: 7,992 SF attractive multitenant medical office building on over 1 ac lot in high income Atlanta suburbs with an AHI of $99K/yr in a 1 mile ring. 79% NNN leased to Daffodil Pediatrics and OB/GYN medical practice. NOI $78K/yr. $1M. 7.87% cap.
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.
08-18: Surgery Center, Medical Strip, MOB, Family Dollar, Dollar General
/by Maria2. MOB in Buford, GA: 5331 SF Class-B multitenant medical office building completed in 2000 on .37 ac lot in Atlanta MSA. 100% leased to Smile Moore and Oral & Facial Surgery Associates with 20 locations. NOI $102K/yr. $1.458M. 7% cap.
3. Family Dollar in Rocky Mount, NC: 8320 SF single tenant retail building constructed in 2012 on 1.41 ac lot. 100% NNN- corp lease till 2025. NOI $104K/yr. $1.35M. 7.70% cap.
4. MOB n Rancho Cordova, CA: 5,000 SF Class-B attractive single tenant medical office building built in 1999 on .51 ac lot in fast growing Sacramento suburbs. This is a sale leaseback investment. New 10 year NNN lease to Sunrise Orthodontics. NOI $150K/yr with 2.5% annual rent increases. $2.608M. 5.75% cap.
5. MOB in Vallejo, CA: 56,991 SF 2-story multitenant medical office building completed in 1990 on over 3 ac lot in San Francisco Bay Area. Close to Kaiser Permanente. 99% leased to multiple tenants. $15M. NOI/Cap N/A.
6. Dollar General in Fort Worth, TX: 9100 SF well kept single tenant retail building built in 2009 on 1 ac corner lot. 15 year NNN- corp lease till 2024. NOI $102K/yr. $1.522M. 6.75% cap.
7. Family Dollar in Fort Worth, TX: 8320 SF well maintained dollar store built in 2011 on 1.70 ac lot in a fast growing area. 100% NNN- corp lease till 2021. NOI $127K/yr. $1.698M. 7.50% cap.
8. Medical Strip Center in Cape Coral, FL: 14,965 SF attractive multitenant medical strip completed in 2007 on 1.28 ac lot in Fort Myers suburbs. Shadow anchored by a center with Belk & Dollar Tree. 100% leased to multiple tenants including U.S. Renal Care. NOI $225K/yr. $3.75M. 6% cap.
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.
07-31: Texas Emergency Care, Rite Aid, Concentra Urgent Care, Walgreens, Dollar General, Professional Buildings, Family Dollar
/by MariaTransmercial 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.
07-16: HealthCARE Express, DaVita, MOB, Rite Aid, Dollar General, Family Dollar, Advance Auto Parts
/by Maria2. Dollar General in Texas City, TX: 8125 SF freestanding retail building completed in 2003 on .57 ac lot in Houston MSA. 100% NNN leased. NOI $67K/yr. $925K. 7.30% cap.
3. Family Dollar in Jacksonville, FL: 8,320 SF newly constructed single tenant retail building on nearly 1 ac corner lot along busy corridor. 100% NNN- corp lease till 2029. NOI $124K/yr. $1.849M. 6.75% cap.
4. HealthCARE Express in Sherwood, AR: 3523 SF single tenant medical office building completed in 2018 on .91 ac lot in North Little Rock suburbs. Brand new 15 year absolute NNN lease to a regional healthcare operator with 20 locations. $2.229M. NOI/Cap N/A.
5. Advance Auto Parts in Columbus, OH: 6784 SF well maintained auto center built in 2006 on 1.28 ac lot along busy artery with over 35,000 VPD. 100% absolute NNN corp lease till 2031. NOI $116K/yr. $1.755M. 6.65% cap.
6. Rite Aid in Waterford, MI: 11,180 SF well kept drive-thru pharmacy completed in 1998 on 1.55 ac lot in Detroit suburbs. Tenant has been at this location since 1997. 100% NNN- corp lease with over 3 years left. NOI $185K/yr. $1.989M. 9.30% cap.
7. MOB in Maumee, OH: 16,307 SF well maintained medical office building renovated in 2016 on 2.33 ac lot at a signalized intersection in Toledo suburbs. 100% leased to Toledo Clinic, ProMedica, Toledo Sleep Disorders Center and Pulmonary & Critical Care Specialist. NOI $237K/yr. $2.64M. 9% cap.
8. DaVita in Hemet, CA: 11,596 SF attractive DaVita dialysis clinic on .92 ac lot in growing San Jacinto Valley in Riverside County. 100% NNN- corp lease till 2028. NOI $284K/yr with generous 15% every 5 years. $5.412M. 5.25% cap. Note, flyer not available, full brochure upon request.
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.
06-30: MOB, Dollar General, Lonestar 24-HR ER, Pep Boys, Rite Aid, Advance Auto Parts, Fresenius Dialysis Anchored Center
/by Maria2. Lonestar 24-Hr ER in New Braunfels, TX: 7,596 SF 24HR Emergency Room built in 2017 on 1.34 ac lot in fast growing (20.47% pop growth) and high income San Antonio MSA with a MHI of $106K/yr in a 1 mile radius. New 12 year absolute NNN lease. NOI $360K/yr with 2% annual rent bumps. $5.5M. 6.5% cap.
3. Pep Boys in Indio, CA: 19,338 SF well kept auto center renovated in 2005 on 1.58 ac lot along main corridor in growing Riverside County. 100% absolute NNN corp lease with 3 years remaining. NOI $299K/yr. $4.433M. 6.75% cap.
4. Advance Auto Parts in Pleasantville, NJ: 7,000 SF single tenant retail building completed in 2001 on 1.51 ac outparcel to Sam’s Club. 100% NNN- lease till 2024. NOI $110K/yr. $1.706M. 6.50% cap.
5. Rite Aid in Yuba City, CA: 16,836 SF well performing drive-thru drug store built in 1999 on 1.60 ac lot at a signalized corner intersection. 100% NNN- corp lease till 2024. NOI $298K/yr. $4.594M. 6.5% cap.
6. Dollar General in Bakersfield, CA: 7480 SF single tenant retail building on over 1 ac lot in growing city north of Los Angeles. 15 years absolute NNN corp lease with 12 years left. NOI $143K/yr. $2.737M. 5.25% cap.
7. MOB in Glassboro, NJ: 9664 SF well kept single tenant medical office building renovated in 2004 on nearly 1 ac corner lot in Philadelphia suburbs. Adjacent to Rowan University. 100% NNN leased to Jefferson health. NOI 117K/yr. $1.495M. 7.8% cap.
8. Fresenius Anchored Center in Marietta, GA: 13,448 SF attractive retail center built in 2007 on over 2 ac lot in fast growing & high income Atlanta metro. All four units face major corridor with over 32,000 VPD. 90% leased to 8,120 SF Fresenius Medical Care, Achieve Physical Therapy Solutions and State Farm. NOI $201K/yr. $2.875M. 7.01% actual cap. Upside potential when fully leased.
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.
06-19: Walgreens, MOB, DCI Dialysis Clinics, Midwest Dental, Grease Monkey, Dollar General
/by Maria2. Walgreens in Snellville, GA: 13,089 SF drive-thru pharmacy constructed in 2006 on 2.76 ac lot at a hard corner location in high income Atlanta MSA. 25 year NNN lease with 11 years left. NOI $391K/yr. $6.165M. 6.35% cap.
3. DCI Dialysis Clinic in Columbus, GA: 7705 SF build-to-suit dialysis center built in 2017 on 1.46 ac lot in upper middle-class area. New 20 year NNN lease to a strong operator with 230 clinics. NOI $184K/yr with 5% rent increases every 5 years. $3.082M 6% cap.
4. Midwest Dental in Derby, KS: 8436 SF freestanding single tenant medical building renovated in 2019 on .79 ac lot in Wichita suburbs. With three points of ingress/egress. 100% NNN leased till 2032 to a national recognized tenant with 170 locations. NOI $75K/yr. $1.082M. 7% cap.
5. Grease Monkey in Carol Stream, IL: 3600 SF three-bay auto center built in 1993 on .59 ac lot in high income Chicago metro with an AHI of $119K/yr in a 3 mile radius. 100% absolute NNN lease till 2030 to a strong operator with over 300 locations. NOI $66K/yr with 10% rent increases every 5 years. $1.081M. 6.15% cap.
6. Dollar General in Taylors, SC: 9014 SF single tenant retail building completed in 2010 on over 2 ac lot in growing Greenville suburbs. 100% NNN- corp lease till 2025. NOI $98K/yr. $1.276M. 7.75% ap.
7. DCI Dialysis Clinic in Columbus, GA: 4657 SF dialysis center built in 2011 along busy corridor. Close to St. Francis-Emory Healthcare Hospital. With easy access to I-185. New 20 year NNN lease to a strong operator with 230 clinics. NOI $96K/yr with 5% rent bumps every 5 years. $1.604M. 6% cap.
8. Walgreens in Pomona, CA: 13,737 SF drug store built in 2003 on over 1 ac lot at a signalized corner location in densely populated Los Angeles area. Along major corridor with over 51,000 VPD. 25 year absolute NNN corp lease with over 8 years left. NOI $492K/yr. $8.2M. 6% cap.
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.
06-01: Walgreens, Concentra Urgent Care, Rite Aid, MOB, Fresenius, U.S. Renal Care
/by Maria1. Concentra Urgent Care in Kansas City, MO: 7644 SF well maintained single tenant medical office building on .86 ac lot at a signalized intersection. With easy access to I-435 with over 77,000 CPD. New roof with a 20 year warranty. 100% NNN- lease till 2024 to a national credit tenant with over 520 clinics in 44 states. NOI $104K/yr with 2.5% annual rent increases. $1.362M. 7.65% cap.
2. MOB in San Antonio, TX: 22,046 SF 2-storymedical & professional building built in 2004 in a high income neighborhood with an AHI of $118/yr in a 1 mile radius. 86% NNN leased to multiple tenants. Close to North Central Baptist Hospital. Pro forma NOI $358K/yr. $4.485M. 8% pro forma Cap.
3. Rite Aid in Derry, NH: 14,564 SF build-to-suit attractive Rite Aid pharmacy completed in 2008 on 2.28 ac lot in growing Boston MSA. 100% corp lease with over 7 years left. NOI $508K/yr. $6.159M. 8.25% cap.
4. MOB in Houston, TX: 3825 SF Class-B multitenant medical office building in upper middle-class neighborhood with an AHI of $75K/yr in a 1 mile ring. 100% NNN leased. NOI $117K/yr. $1.8M. 6.50% cap.
5. Fresenius in Columbia, SC: 7481 SF build-to-suit kidney dialysis center completed in 2019 on over 3 ac ;pt Close to I-20. 15 year NNN- corp lease till 2034 to a strong operator with over 3994 dialysis clinics. NOI $172K/yr with 10% rent increases every 5 years. $3.007M. 5.75% cap.
6. Walgreens in Kansas City, MO: 13,905 SF well maintained drive-thru pharmacy built in 1999 on 1.88 ac lot. 100% NNN- lease till 2030. NOI $337K/yr. $4.588M. 7.35% cap.
7. U.S. Renal Care in York, PA: 6,406 SF newly constructed dialysis clinic on nearly 2 ac lot in growing and high income Harrisburg metro. 100% absolute NNN corp lease to U.S. Renal Care with 335 locations. NOI $187K/yr with 10% rent bumps every 5 years. $3.12M. 6% cap.
8. Walgreens in St. Louis, MO: 18,250 SF drive-thru Walgreens renovated in 2016 on over 2 ac lot. New roof was installed in 2016. Near 337-bed St. Alexius Hospital. Visible to I-55 with over 98,000 VPD. Recent 10-year NNN- corp lease till in 2026. NOI $254K/yr. $3.772M. 6.75% cap. Note: flyer not available full package upon request.
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.
05-15: Essential Retailers, Dollar Tree, MOB, Pep Boys, Walgreens, Advance Auto Parts, Rite Aid Pharmacy
/by MariaTransmercial 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.
04-23: MOB, Walgreens, Pep Boys, Mixed-use, Retail Plazas
/by Maria1. MOB in Huntington, WV: 20,618 SF Class-B three story medical office building on .83 ac lot. $3.5M invested in renovations. Outparcel to 303-bed Cabell Huntington Hospital. 100% leased to multiple tenants. NOI $340K/yr. $4.255M. 8% cap.
2. Walgreens in Lake Station, IN: 14,490 SF well maintained drug store built in 2002 on 1.75 ac lot at a hard corner location in Chicago MSA. Near I-94. 100% NNN leased. NOI $294K/yr. $4.068M. 7.25% cap.
3. MOB in Oswego, NY: 6,500 SF attractive medical building constructed in 2017 on over 2 ac corner lot in Rochester metro. 100% leased to WellNow Urgent Care and Aspen Dental. NOI $200K/yr. $2.762M. 7.25% cap.
4. Retail Center in Libertyville, IL: 19,495 SF attractive retail center built in 2003 on nearly 2 ac lot in affluent Chicago MSA with an AHI of $160K/yr in a 1 mile ring. 69% NNN leased to multiple tenants. NOI $220K/yr. $3.05M. 7.25% cap.
5. Walgreens in McDonough, GA: 15,110 SF drive-thru Walgreens completed in 2001 on nearly 2 ac corner lot at a busy retail corridor in growing and high income Atlanta suburbs. 100% NNN- corp lease till 2026. NOI $347K/yr. $4.636M. 7.50% cap.
6. Mixed-use Plaza in Lacey, WA: 9,497 SF one-story retail center and 8,520 SF two-story office building on 1.31 ac lot at a signalized intersection in Tacoma suburbs. Close to Costco. With easy access to I-5. 100% NNN leased to retail, professional and medical tenants. NOI $328K/yr. $5M. 6.57% cap.
7. Strip Center in New Hartford, NY: 5929 SF attractive retail center built in 2005 on 1.60 ac lot in Syracuse suburbs. Close to Sangertown Square Mall. 100% NNN leased to four tenants. NOI $149K/yr. $1.925M. 7.75% cap.
8. Retail Center in Lawton, OK: 11,258 SF retail center built in 2014 on over 1 ac lot. 100% NNN leased to retail, medical and professional tenants. NOI $174K/yr. $2.318M. 7.52% cap.
9. Shopping Center in Shelton, CT: 50,879 SF attractive shopping center on 7.26 ac lot in upper middle-class neighborhood. 81% leased to national, regional and local tenants. NOI $827K/yr. $10.999M. 7.53% cap.
10. Pep Boys in Morrisville, NC: 8480 SF well maintained four-bay automotive center built in 2004 in growing Raleigh MSA. 100% NNN- lease till 2022 to a strong operator with 975 locations. NOI $104K/yr. $1.486M. 7% cap. Note: flyer not available, full brochure upon request.
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.
03-31: DaVita Dialysis Center, Retail Plazas, Advance Auto Parts, Family Dollar
/by Maria1. DaVita in Columbus, GA: 6183 SF build-to-suit state-if-the-art dialysis center built in 2014 on 1.4 ac lot. Property has 11 patient stations plus one private station. Close to I-185. 15 year NNN corp lease with 9 years left. NOI $132K/yr with 10% rent bumps every 5 years. $1.889M. 7% cap.
2. Advance Auto Parts in Medina, OH: 6,000 SF single tenant retail building renovated in 2010 on 1.42 ac lot in upper middle-class Cleveland MSA. New roof was installed in 2015. 100% NNN- corp lease till 2025. NOI $90K/yr. $1.285M. 7% cap.
3. Family Dollar in Tonawanda, NY: 8,310 SF well maintained freestanding retail building on .82 ac lot in Buffalo suburbs. Just minutes from Boulevard Mall. Along a six-lane artery. 100% NNN- corp lease till 2025. NOI $90K/yr. $1.139M. 7.90% cap.
4. Retail Center in Phoenix, AZ: 104,204 SF retail center renovated in 2009 on over 4 ac outparcel to Costco. Next to Hwy-66 with over 41,000 VPD. 99% leased anchored by Los Altos Ranch Market, owned and operated by Cardenas Markets with 54 stores. Mostly NNN leased. NOI $1.155M/yr. $15M. 7.70% cap.
5. Retail Center in Indianapolis, IN: 6505 SF attractive retail center completed in 1994 on .86 ac lot in a high income neighborhood with an AHI of $133K/yr in a 3 mile radius. 100% leased to Athletico Physical Therapy, Greek’s Pizza, Sports Clips and T-Mobile. NOI $140K/yr. $1.875M. 7.50% cap.
6. Retail Plaza in Houma, LA: 36,801 SF well maintained retail center built in 2003 on 1 ac lot along major retail artery. 100% NNN leased with excellent tenant mix including Goodwill, Game Stop and UPS. NOI $483K/yr. $6.45M. 7.49% 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.
Chief Investment Advisor. CA BRE# 00969014
Transmercial — Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)