04-29: Taco Bell, Red Lion Hotel, Gold's Gym, MOB

Advisory: The top 12 American boomtowns

1. Shopping Center in Miami, FL: 24,919 SF well maintained shopping center on 2 ac lot at major retail corridor. Across from 293,000 SF Kendale Lakes Plaza. 93% leased. NOI $431K/yr. $5.875M. 7.34% cap.
2. Retail Center in Phoenix, AZ: 18,009 SF retail center built in 2008 on 2+ ac lot in growing area. Across from Desert Sky Mall with Sears, Dillard’s, Burlington Coat Factory and Cinema Lationo. 83% leased. NOI $212K/yr $2.6M. 8.15% cap.  Upside potential when fully leased..
3. Taco Bell in Lubbock, TX: 2999 SF fast food restaurant built in 1998 on .64 ac outparcel to Walmart Supercenter. 100% NNN lease with 5 yrs left to an experienced franchisee with 23+ units. NOI $130K/yr with a rent increase in 2015. $1.63M. 8% cap.
4. Bank-owned Office Building in Clovis, CA: 21,224 SF Class-A office building constructed in 2008 on 1.48 ac lot in high income (AHI $92K/yr) Fresno suburbs. Close to Clovis Community Medical Center and Hwy-168. 76% leased to multiple tenants. NOI $179K/yr. $1.95M. 9.20% cap.
5. Red Lion Hotel in Oakland, CA: 189-rooms Red Lion Hotel on 2.64 ac lot at a busy corridor with easy access to I-880. Next to new BART station and close to Oakland Airport, Oakland Coliseum and Oracle Arena. NOI $966K/yr. $11.5M. 8.40% cap.
6. MOB in Plainfield, IL: 19,932 SF medical office building on 2 ac lot in a fast growth, high income (AHI $82K/yr) suburban Chicago. 86% leased with six strong medical tenants. NOI $282K/yr. $3.1M. 9.10% cap.
7. Gold’s Gym in Orem, UT: 57,325 SF state-of-the-art fitness center on 2.51 ac lot along main thoroughfare in Salt Lake City suburbs. Location features the additional amenities of an indoor pool/tennis courts. 100% lease with 9+ yrs left. NOI $617K/yr. $7.8M. 8% cap.
8. Shopping Center in Stockbridge, GA: 20,000 SF attractive shopping center on 2.80 ac lot in fast growing Atlanta suburbs. Close to I-75. 90% NNN leased. NOI $326K/yr. $3.3M. 9.90% cap.
9. Office Building in Piscataway, NJ: 7374 SF Class-B multi-tenants office building on .53 ac lot in affluent New York metro with an AHI of $118K/yr in 1 mile. 100% NNN leased to professional & medical tenants. NOI $130K/yr. $1.625M. 8% cap.

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