05-21: Holiday Inn Express & Suites, Chevron, Red Robin, Apartments, MOB

1. Office Building in Dayton, OH: 15,244 SF Class-B office building on 1.90 ac lot in growing and high income area with and AHI of $87K/yr within 3 miles. Close to 116-bed Southview Medical Center and I-675. 74% leased with only one vacancy. $890K. NOI/Cap not provided.
2. Apartments in Stockton, CA: 190-unit well maintained apartment complex close to San Joaquin Delta College, University of the Pacific, major power centers including Weberstown Mall, schools and parks. NOI $607K/yr. $8.75M. 7.06% cap.
3. Retail Center in Tampa, FL: 15,442 SF well kept retail center on 2.73 ac lot in high income (AHI $92K/yr in 3 mile) area. Close to 199,534 SF Carrollwood Commons, 222,368 SF North Pointe Plaza and Hwy-597. 87% NNN leased with stable tenants. NOI $250K/yr. $3.1M. 8% cap. Upside potential.
4. Holiday Inn Express & Suites in Austin, TX: 65-room hotel built in 2002 on 2.69 ac lot in a fast growing area. Across from Lakeline Mall and near Hwy 620/183. 67% average occupancy. NOI $602K/yr. $7.35M. 8.20% cap.
5. Strip Center in Wylie, TX: 6600 SF attractive strip center on .57 ac lot in fast growing and high income (AHI $89K/yr) Dallas suburbs. Next to major retail corridor. 100% leased. NOI $61K/yr. $795K. 7.70% cap.
6. Chevron Gas Station in Santa Clara, CA: 1300 SF gas station with convenience store on .66 ac lot on El Camino Real at Lawrence Expressway.   High income (AHI $106K/yr) Silicon Valley.  $2.9M for both real estate and business.
7. Red Robin in Cordova, TN: 6,381 SF Red Robin Restaurant built in 2007 at a major retail corridor in high income Memphis suburbs. Along main retail corridor. 15 yrs absolute NNN corp ground lease (land for sale) with 9 yrs left. NOI $137K/yr with 10% rent bumps every 5 yrs. $1.964M. 7% cap.
8. Office Building in San Diego, CA: 32,702 SF Class-B office building on 1.52 ac lot in a high income area with an AHI of $96K/yr within 3 mile radius. 87% leased to 11 tenants. Pro forma NOI $403K/yr. $4.89M. 8.25% pro forma cap.
9. MOB in Fort Myers, FL: 33,841 SF Class-B consisting of three medical office buildings across from 349-bed Gulf Coast Hospital. 88% leased with strong quality tenants. NOI $459K/yr. $6M. 7.65% cap.

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