Thursday, October 30, 2008

Top Retail Properties 10-29-08

  1. Arby’s restaurant in Omaha, NE: 2879 SF 6-yrs old Arby’s franchised restaurant on .62 ac outparcel to a Home Depot in a stable city. New 20 yrs absolute NNN lease by an operator with 19 locations. NOI $90K/yr. $1.241M. 7.25% cap.
  2. Burger King restaurant in Marietta, CA: 3400 SF 10-yrs old Burger King on 1 acres lot just off I-15 in a booming (83% growth since 2000) and high-income (AHI $83K/yr) town. Across the street from Super Target and Albertsons. New 15 yrs absolute NNN lease. NOI $150K/yr. $2.5M. 6% cap.
  3. Jiffy Lube in Pearland, TX: 4155 SF brand new Jiffy Lube on 1.53 acres parcel in a fast growing (63% since 2000) and affluent (AHI $96K/yr) Houston suburb. 20 yrs absolute NNN lease from an operator with 112+ locations. NOI $151K/yr. $2.023M. 7.5% cap.
  4. Burger King in Hutchinson, KS: 4638 SF restaurant built in 1999 on .79 acres lot. 100% NNN leased till 2019 by a successful franchisee with 36 locations. NOI $97K/yr. $1.3M. 7.52% cap.
  5. Shopping Center in Surprise, AZ: 25,653 SF 7-yrs old shopping center in a fast growing (81% growth) Phoenix suburb. 100% NNN leased by 8 good tenants. NOI $389K/yr. $5.6M. 7% cap.
  6. Rite Aid in Peachtree City, GA: 13,824 SF 4-yrs old Rite Aid on 2.3 acres lot in a high-growth and wealthy Atlanta suburb (AHI $106K within 1 mile ring). 100% NNN lease with 16 yrs remaining. NOI $283K/yr. $3.495M. 8.1% cap.

© eFunding, Inc. 2008. All rights reserved.

Wednesday, October 29, 2008

Best Retail Properties 10-28-08

  1. Shopping Plaza in Las Vegas, NV: 25,747 SF inline retail center built in 2000 in a fast growing city. 90% NNN leased. NOI $580K/yr. $7.7M. 7.54% cap.
    · Shadow anchored by Albertsons.
    · Strong 3%-7% annual rent increases.
  2. Burger King in chandler, AZ: 2678 SF restaurant on .66 acre out parcel to a shopping center anchored by Food City supermarkets in the Phoenix metro. 100% absolute NNN leased till 2021 by an experienced operator with 9 locations. NOI $87K/yr with 10% rent bump every 5 yrs. $1.302M. 6.75% cap.
  3. Advance Auto Parts in Houston, TX: 7000 SF Auto Parts built in 2006 in a growing Houston. 15 yrs corporate NNN lease. NOI $126K/yr with 20% rent increase after 10 yrs. $1.625M. 7.75% cap.
  4. Rite Aid in Greenville, SC: 13,813 SF 4-yr old Rite Aid pharmacy on 2 acres parcel just off I-385. 100% absolute NNN lease with 16 yrs remaining. NOI $326K/yr. $4.084M. 8% cap.
    · Located in a fast growing (23%) high income (AHI $89K/yr) city.
    · Recession-insensitive business.
  5. Shopping Center in Houston, TX: 63,993 SF shopping center on 6.7 acres of land with Hwy 6 frontage. 72% leased. Actual NOI $367K/yr. $4.3M. 8.55% actual cap.
    · Strong upside potential when 100% leased.
    · Only $67/SF!
  6. Rite Aid in Cary, NC: 11,562 SF Rite Aid built in 2000 on 2.36 acres busy corner in a fast growing middle class Raleigh-Durham suburb. 25 yrs NNN lease with 17 yrs left. NOI $385K/yr. $4.978M. 7.75% cap.
  7. Taco Bell in Dayton, OH: 1739 SF Taco Bell restaurant on .44 acres lot across the street from Miami Valley Hospital and close to University of Dayton. 100% absolute NNN lease with 7 yrs left by a franchisee with multiple locations. NOI $89K/yr. $1.141M. 7.8% cap.
  8. Walgreens in San Antonio, TX: 13,905 SF Walgreens pharmacy in a fast growing and high income (AHI $83K/yr) Northern part of town. 100% NNN leased till 2058. NOI $259K/yr. $3.55M. 7.2% cap.

© eFunding, Inc. 2008 All rights reserved.

Tuesday, October 28, 2008

Top Commercial Properties 10-27-08

Client’s Testimonials:
When we first started looking for investment properties, we went to three different brokers little knowing that all that we would need was you [David Tran], your wisdom, knowledge, expertise , organization, honesty, and professionalism. Your access to so many potential successful investments precluded us from having to look elsewhere and both of our purchases were accomplished accurately and in a very timely manner. We look forward to our next extremely profitable purchase through you and your competent assistant, Maria Martinez.Peggy and H. Allen Goodman. Oct. 2008

  1. Office Building in San Jose, CA: 63,117 SF 2-story office building on 3.77 acres parcel at the corner of Almaden & Capitol Expressways. 94% leased. NOI and pricing not avail.
  2. Shopping center in Mesa, AZ: 18,729 SF shopping center plus a free-standing 1975 SF KFC restaurant on 2.12 acres hard corner lot in a fast growing Phoenix metro. 100% NNN leased. NOI $301K/yr. $4.1M. 7.34% cap.
  3. Retail Center in San Antonio, TX: 46,554 SF retail center on 4.57 acres lot just off I-410 exit. 100% NNN leased. NOI $395K/yr. $4.95M. 8% cap.
    · Anchored by Ballys Fitness and Blockbuster
    · Below market rent of $9.41/SF: upside potential
  4. Medical Office Condo in Santa Ana, CA: 2888 SF medical office condo in a 90,000 SF 3-story medical office building across the street from Western Medical Center – Santa Ana. 5+ yrs absolute NNN lease at closing from a medical doctor in practice for 29 yrs. NOI $65K/yr. $908K. 7.25% cap.
  5. Rite Aid in Richland, WA: 16,384 SF Rite Aid on 1.34 acres parcel. 100% NNN leased till 2019. NOI $331K/yr. $3.789M. 8.75% cap.
  6. Shopping Center in Rancho Cucamonga, CA: 16,800 SF strip center on 1.25 acres lot at a signalized corner in a fast growing Inland Umpire city. 100% NNN leased. NOI $313K/yr. $4.475M. 7% cap.
  7. Retail center in Yorba Linda, CA: 19,311 SF retail center on a corner lot just off Imperial Hwy exit in an affluent city with AHI over $112K/yr. 100% NNN leased. NOI $455K/yr. $6.5M. 7% cap.
  8. Restaurant in Cincinnati, OH: 10,224 SF franchised Old Spaghetti Restaurant built in 2004 across the street from Cincinnati Mills Mall. Surrounded by Kmart, Home Depot and Meijer Superstore. 20 yrs absolute NNN lease with 19 yrs remaining. NOI $190K/yr. $2.375M. 8% cap.


© eFunding, Inc. 2008. All rights reserved.

Friday, October 24, 2008

Top 8 retail properties of 10-24-08

  1. Retail center in Pasadena, TX: 15,109 SF retail strip on 1.44 acres lot in Houston metro. Renovated in 2000. 90% NNN leased. NOI $191K/yr. $2.099M. 9.1% cap.
  2. Burger King in Chandler, AZ: 3144 SF Burger King restaurant on .4 acres outparcel to a shopping center in a densely-populated Phoenix metro. 100% long-term NNN leased by an experienced operator. NOI $82K/yr. $1.167M. 7.07% cap.
  3. Childcare Center in Huntington Beach, CA: 5114 SF Childcare center on ¾ acres parcel in a wealthy coastal city in Southern CA with AHI over $100K/yr. 100% NNN leased till 2021 by Childtime (public company with S&P B rating). NOI $100K/yr. with 10% rent bump every 5 yrs. $1.384M. 7.25% cap. Great investment in CA.
  4. Shopping center in Yakima, WA: 23,640 SF 9-unit retail center on 1.94 acres lot. 80% NNN leased. Actual NOI $211K/yr. $2.49M. 8.5% cap on actual income.
    · Upside potential when 100% leased.
    · Seller will provide rent 18 months rent guaranty on 3 vacant units
  5. Retail Plaza in Loomis, CA: 14,052 SF retail center built in 1990 on 1 acre lot in a Sacramento suburb. 100% NNN leased by 5 tenants with low average rent of just $1.08/SF. NOI $139K/yr. $1.99M. 7.23% cap.
    · Fast growing (52% since 2000) and affluent (AHI over $99K/yr) area.
    · Easy access to I-80
    · Strong upside potential
    · Great investment
  6. Pizza Hut in Huntington Beach, CA: 1890 SF Pizza Hut restaurant on 1/3 acres on a major artery in a wealthy coastal town in Orange county. 100% long term NNN leased by an operator with 123 locations. NOI $100K/yr. $1.547M 6.5% cap. Irreplaceable location!
  7. Smokey Bones restaurant in Greensboro, NC: 6918 SF Smokey Bones restaurant on 2 acres lot. New 20 yrs absolute NNN lease with guaranty from a corp with 74 locations. NOI $137K/yr. Only $1.66M. 8.25% cap.
    · Great location: near Four Season Town Center mall.
    · Strong sales with rent to revenue of 4.89%! (never seen anything this low!)
  8. Smokey Bones restaurant in Charlotte, NC: 7500 SF restaurant on 1 acre lot in a fast growing (33% since 2000) city. 20 yrs absolute NNN lease. NOI $144K/yr. $1.755M. 8.25% cap.
    · Great location: directly across Carolinas Medical Center, and University of NC.
    · Location with strong sales (rent to revenue ratio of 6.75%)

Top Commercial Properties 10-23-08

  1. Frankford Strip Center in Dallas, TX: 5200 SF all-brick strip center constructed in 1998 in a well off neighborhood. 100% NNN leased. NOI $99K/yr. $1.225M. 8.15% Cap.
    -Good tenant mix: Manhattan Cleaners, Hot & Creamy Donuts and Metro PCS/Art of Nails
    -Center and pylon sign are visible from I-190
  2. Smokey Bones Barbeque & Grill in Fairview Heights, IL: 8571 SF Smokey Bones Restaurant on 1.84 acres of parcel built in 1972 at signalized intersection of Highway-64. 20-years absolute NNN lease with 1.75% annual increases. NOI $174K/yr. $2.117M. 8.25% Cap.
    -Corp guarantee by Barbeque Integrated, Inc. currently operating 74 locations
  3. Childtime Learning Center in Chula Vista, CA: 8280 SF day care center on .92 acre lot built in 2002 in growing/affluent (AHI $104 within 1 mile radius) area near Hyw-805. 100% NNN leased. NOI $203K/yr. $2.548M. 8% Cap.
    -National tenant with over 275 locations
  4. Country Inn & Suites in Fresno, CA: 3-story 60-room Country Inn & Suites Hotel on 1.14 acres of land constructed in 1997 conveniently located near International Airport off of I-41. $6.800M.
  5. Wendy’s Restaurant in Holland, MI: 2703 SF Wendy’s Restaurant on over 1 acre lot just off of Hwy-31. 20 years NNN lease. NOI $102K/yr. $1.338M. $7.65% Cap.
    -Lease guaranteed by Wendy’s of Michigan a 49 restaurant operator
  6. Wendy’s Restaurant in Muskegon, MI: 2771 SF Wendy’s Restaurant on 2 acres of parcel across from Mall. New 20 years absolute NNN lease. NOI $99K/yr. $1.299M. 7.65% Cap.
    -Lease guaranteed by Wendy’s of Michigan a 49 restaurant operator

© copyright eFunding, inc 2008. All rights reserved.

Thursday, October 23, 2008

Best Retail Properties 10-22-08

  1. Growing Years Learning Center in Raleigh, NC: brand new 10,620 SF Day Care Center in a growing/wealthy (AHI $99K/yr within 1-mile radius) area. 10-years absolute NNN lease with 2% annual increases. NOI $188K/yr. $2.350M. 8% Cap.
    -Personal & Corp. guarantee
  2. Shoney’s Restaurant in Dalton, GA: 5379 SF Shoney’s Restaurant on 1.05 acres lot built in 1992 surrounded by many retailers near I-76. Long absolute NNN corp. lease with increases. NOI $89K/yr. $965K. 9.25% Cap.
  3. Burger King in San Antonio, TX: brand new 2275 SF Burger King Restaurant on .75 acre lot at signalized intersection close to I-10. New 20 years NNN lease. NOI $110K/yr. $1.535M. 7.20% Cap.
  4. Nice Looking Strip Center in Kingsburg, CA: One year old 7552 SF multi-tenant strip center on over 1 acre lot in Fresno. Shadow anchored by Walgreen’s Pharmacy. 100% NNN. NOI $183K/yr. $2.620M. 7% Cap.
    -Good tenant mix: Go Wireless, Nails, Liberty Tax, La Costenita, UPS Store & Quizno’s Sub.
    -Signalized intersection
  5. Three Tenants Strip Center in Sacramento, CA: 9800 stable strip center on .75 acre lot recently renovated anchored by AutoZone. 100% NNN leased. NOI $168K/yr. $2.4M. 7% Cap.
  6. Medical Building in Orlando, FL: 20,562 SF medical building on 2.23 acres of land next to Walgreen’s Pharmacy near Waterford Lakes Town Center. 100% NNN leased. NOI $459K/yr. $5.675M. 8.1% Cap.
    85% leased to Florida Hospital/Adventist
    -Just off Toll-408
  7. Shoppes of South Franklin in Johnson City, TN: 10,537 SF attractive strip center constructed in 2006 and anchored by Sprint close to I-321. 100% NNN leased. NOI $162K/yr. $2.1M. 7.76% Cap.

© eFunding, Inc. 2008. All rights reserved.

Wednesday, October 22, 2008

Top Commercial Properties 10-21-08

  1. Japanese Steak House in Woodstock, GA: 3768 SF Japanese Steakhouse and Sushi Restaurant constructed in 2006 at signalized intersection of Hwy-92 close to I-575 in a growing Atlanta suburb. 100% NNN leased. NOI $73K/yr. Only $840K. 8.7% Cap.
  2. Mike’s Auto Body in Antioch, CA: 14,040 SF Auto Body Retail Center built in 1994 on .80 acre lot close to Hwy-4. 100% NNN. NOI $220K/yr. $2.750M. 8.03% Cap.
    -Personal guarantee by operator with eight locations in the bay area with over 30 years of experience
  3. Neighborhood Center in Richardson, TX: 42,971 SF well maintained shopping center on 2.27 acres of parcel with stable tenants blocks from I-75 in growing/wealthy (AHI $103K/yr within 1 mile) Dallas suburbs. 90% leased. NOI $496K/yr. $6.2M. 8% Cap.
  4. Caddyshack Shopping Center in Livonia, MI: 30,080 SF 3-tenants shopping center on 1.85 acres of land constructed in 1995 anchored by Rite Aid Drug Store just off of I-275. 100% NNN leased. NOI $324K/yr. $4.50M. 8% Cap.
    -Located on a hard corner
    -Affluent neighborhood (AHI $125K/yr within 1-mile radius)
  5. Dunkin Donuts in Lexington, KY: brand new 2046 SF Dunkin Donuts retail building across from Saint Joseph Hospital near Turfland Mall. Long NNN lease. NOI $81K/yr. $1.023M. 8% Cap.
  6. Rite Aid in El Cajon, CA: 21,440 SF Rite Aid Drug Store on 1.76 acre lot in San Diego metro. Built in 1980 & shadow anchored by Vons Supermarkets at a high traffic signalized intersection. 100% NNN leased. NOI $101K/yr. $1.695M. 6% Cap. $716K loan mast be assumed at an attractive 6.125% interest rate.
    -Only $79 per SF
    -Upside potential
    -PROPERTY WILL GO FAST
  7. Rite Aid Pharmacy in Aurora, CO: 14,962 SF Rite Aid Pharmacy on 1.54 acres of lot built in 1999 at a signalized intersection. 100% NNN corp leased. NOI $259K/yr. $3.420M. 8.04% Cap. In addition to the Rite Aid rent, landlord collects $15K/yr. from Cingular Wireless cell phone tower located at the property.

© eFunding, Inc. 2008. All rights reserved.

Tuesday, October 21, 2008

Top Commercial Properties 10-20-08

  1. Eagle Ranch Strip Center in Katy, TX: 22,754 SF attractive multi-tenant center on 2.17 acres of lot built in 2005 in growing (132.82% growth within 1-mile radius) Houston suburbs. 100% NNN leased. NOI $300K/yr. $3.760M. 8% Cap.
    -Strong mix of national/local tenants
    -Long NNN leases
  2. 2-unit strip in Fort Myers, FL: 6030 SF two tenant strip center consisting of two buildings on .52 acre lot in hard corner. 100% NNN leased by Subway and Money store. NOI $54K/yr. $785K. 7% Cap.
    -National tenants
  3. Applebee’s Restaurant in Louisville, KY: 4371 SF Applebee’s Restaurant on 1.12 acres of parcel blocks from Jefferson Mall. 100% NNN leased by experienced operator with over 27 restaurants. NOI $183K/yr. $2.3M. 7.95% Cap.
  4. Big O Tires in Gilbert, AZ: 5075 SF Big O Tires Retail Building on .87 acre lot built in 2002 near Loop 101/202 and Fwy-60. 100% absolute NNN leased till 2018. NOI $126K/yr. $1.7M. 7.41% Cap.
    -Lease guarantor by TJ Auto, LLC ($5M net worth)
    -2% Annual rent increases staring 2010
  5. Franchised Motel in Spokane, WA: 181-Rooms well maintained franchised motel on 5.3 acres of parcel next to Denny’s Restaurant just off of I-90. NOI $1,092M. $9.5M. 11.50% Cap.
  6. Pizza Hut Restaurant in Forest Hill, TX: 3,090 SF Pizza Hut building on .76 acre lot in fast growing Fort-Worth metro. 100% NNN leased. NOI $90K/yr. $1.299M. 7% Cap.
    -Lease guaranteed by YUM! Brands, Inc.
  7. Shopping Center in Oldsmar, FL: 3-years old 9,971 SF shopping center on over 1 acre lot anchored by Panera Bread/Starbucks. 100% NNN leased by six tenants. NOI $227K/yr. $3.027M. 7.5% Cap.
    -Good tenant mix: Italian Restaurant, Hair Salon, Fine Wines, Nail/Spa and China Star

© eFunding, Inc. 2008 All rights reserved.

Monday, October 20, 2008

Commercial Properties 10-17-08

  1. Jiffy Lube Retail Building in Morgan Hill, CA: brand new 3,478 SF Jiffy Lube Retail Building just off of Hwy-101. 20 years NNN lease with 10% rent increases every 5 years. NOI $165K/yr. $2.550M. 6.5% Cap.
  2. Single Tenant Corporate Building in Pearland, TX: 6,922 SF Goodyear Retail Building on .96 acre parcel built in 2008 anchored by Pearland Town Center at signalized intersection of Hwy-288. Long NNN corp lease. NOI $183K/yr. $2.614M. 7% Cap.
  3. Centennial Square Retail Center in High Point, NC: 9,750 SF strip center on over one acre lot with regional/local tenants in growing West of Greensboro. 100% NNN leased. NOI $128K/yr. $1.540M. 8.35% Cap.
    -New roof installed in 2006 with 10-year warranty
    -Across Oak Hollow Mall
    -In major commercial corridor close to I-311
  4. Pizza Hut Restaurant in Forest Hill, TX: 3,090 SF Pizza Hut Restaurant on .76 acre lot in growing Dallas Fort Worth metropolitan. 100% Occupancy. NNN. NOI $90K/yr. $1.299M. 7% Cap.
    -Lease guaranteed by YUM! Brands, Inc.
  5. Shopping Center in Oldsmar, FL: 3-years old 9,971 SF shopping center on over 1 acre lot anchored by Panera Bread/Starbucks. 100% NNN leased by six tenants. NOI $227K/yr. $3.027M. 7.5% Cap.
    -Good tenant mix: Italian Restaurant, Hair Salon, Fine Wines, Nail/Spa and China Star
  6. Headland Delowe Shopping Center in East Point, GA: 96,814 SF mature shopping center on 11.50 acres of lot anchored by Wayfield Foods in a growing Atlanta suburb. 91% Occupancy. NNN. NOI $434K/yr. $4.8M. 9.1% Cap.
    -Experience numerous upgrades recently
    -Upside potential when fully leased

© copyright eFunding, inc 2008. All rights reserved.

Friday, October 17, 2008

Commercial Properties10-16-08

  1. Scarsdale Shopping Center in Houston, TX: 8,371 SF established retail center constructed in 1986 on intersection close to Hyw-45. 90% Occupancy. NNN. NOI $77K/yr. $950K. 8.2% Cap.
    -Upside potential when fully leased
  2. Jiffy Lube in Pearland, TX: 4155 SF Jiffy Lube retail store on 1.53 acres of lot in growing/wealthy (AHI $96K/yr. within 1 mile radius) Houston suburbs. 100% absolute NNN leased. NOI 151K/yr. $2.023M. 7.5% Cap.
    -20 years absolute NNN leased by 3rd largest franchisee currently operating 112 stores.
  3. Shopping Center in Beaumont, TX: 23,524 SF trendy shopping center on 3.26 acres of land constructed in 2007 anchored by Pie Wei on major retail corridor. 100% NNN leased. NOI $436K/yr. $5.650M. 7.72% Cap.
  4. Strip Retail Center in Buford, GA: brand new 12,000 SF strip center anchored by Wal-Mart Supercenter in fast growing Atlanta metro. NOI $299K/yr. $2.990M. 10% Cap.
  5. Stapley Marketplace in Mesa, AZ: 6,773 SF 4-tenants retail center built in 2006 off of I-60 in busy commercial corridor. 100% Occupancy. NNN. NOI $171K/yr. $2.194M. 7.8% Cap.
  6. Pizza Hut Retail Building in Mansfield, TX: 2135 SF Pizza Hut building in fast growing area near I-287. 100% NNN leased till 2018. NOI $62K/yr. $890K. 7% Cap.
    -Lease guaranteed by YUM! Brands Inc

© eFunding, Inc. 2008. All rights reserved.

Thursday, October 16, 2008

Commercial Properties 10-15-08

  1. Rite Aid Pharmacy in Carrolton, GA: 11,296 SF Rite Aid Pharmacy between I-16 and I-27 Carrolton is a growing town just West of Atlanta. New absolute NNN lease with rent increases. NOI $232K/yr. $3.139M. 7.4% Cap.
    -Excellent sales history
    -Rite Aid (NYSE: RAD)
  2. The Learning Experience in Crest Hill, IL: brand new 11,000 SF Day Care Center on 1.6 acres of lot in growing (173% growth within 1-mile radius) Chicago Illinois. 15 years NNN lease. NOI $266K/yr. $3.441M. 7.75% Cap.
    -Close to Westfield Lois Joliet Mall
    -Good access to I-55
    -Surrounded by commercial developments
  3. Cary Oaks Retail Plaza in Cary, IL: 8,500 SF retail center constructed in 1994 on .86 acre lot anchored by 7-Eleven. 75% Occupancy. NNN. NOI $142K/yr. $2.050M. 7% Cap.
    -Long time well established tenants
    -Upside potential
    -Well-off (AHI $93K/yr within 1 mile radius) neighborhood
  4. Rosa Plaza Retail Strip in West Dundee, IL: 9,880 SF nice looking strip center on 1.68 acres of parcel built in 2004 just blocks from Spring Hill Mall near I-72. 100% Occupancy. NOI $218K/yr. $2.8M. 7.82% Cap.
  5. Office Building in Grand Rapids, MI: 15,125 SF 2-story office building on 1.93 acres of lot constructed in 1997 just off of Hwy-96. 100% Occupancy. NOI $222K/yr. $2.8M. 7.95% Cap.
  6. El Chico Restaurant in Mobile, AL: 6,134 SF El Chico Restaurant on .97 acre lot just off Hwy-65 across Springdale Mall and Colonial Mall. Long absolute NNN lease with 1.5% annual rent increases. NOI $119K/yr. $1.491M. 8% Cap.
    -Corp guarantee from experienced tenant currently operating over 75 locations

© eFunding, Inc. 2008. All rights reserved.

Wednesday, October 15, 2008

Commercial Retail Properties 10-14-08

  1. Office Building in Phoenix, AZ: 12,643 SF well maintained five-tenant office building on .93 acre lot built in 1974 close to I-10/51 in growing/middle-class neighborhood. 100% Occupancy. NNN. NOI $177K/yr. $2.285M. 7.75% Cap.
    *Corp guarantee by stable tenants
  2. Arby’s Restaurant in Greenwood, IN: 3074 SF Arby’s Restaurant on .67 acre lot remodeled in 2000. Brand new 20-years absolute NNN lease with 10% increases every 5 years. NOI $72K/yr. $993K. 7.25% Cap.
    *Heartland Beef, Inc. corp guarantee: 8th largest Arby’s franchisee currently operating 38 restaurants
  3. Rite Aid Pharmacy in Aurora, CO: 14,962 SF Rite Aid Pharmacy on 1.54 acres of lot built in 1999 at signalized intersection. 100% Occupancy. 10 years left on NNN corp lease. NOI $259K/yr. $3.420M. 8.04% Cap.
    *In addition to the Rite Aid rent, landlord collects $15K/yr. from Cingular Wireless cell phone tower located at the property.
  4. Class-A Medical Office and Ambulatory Surgery Center in Pasadena, TX: 51,317 SF 8-years old Medical Office on 4.68 acres of land. 67% Occupancy. NOI $616K/yr. $7.7M. 8% Actual Cap.
    *Anchored by Bayside Surgery Center
    *Situated in busy thoroughfare.
    *Significant upside when fully leased
  5. Goodyear Tires & Rubber in Kyle, TX: 7260 SF Goodyear Tires & Rubber retail building on over 1 acre lot built in 2006 situated on IH-35. 100% Occupancy. NNN. NOI $172K/yr. $2.076M. 8.31% Cap.
    *Goodyear Tire & Rubber Corporate Guarantee
  6. Office Building in Rocklin, CA (Sacramento suburb): 4540 SF nice looking office building constructed in 2007 near I-80. 100% NNN leased. NOI $142K/yr. $1.850M. 7.72% Cap.
  7. Shopping Center in The Woodlands, TX: 27,940 SF well-maintained shopping center on 2.2 acres of lot in fast growing area. 100% NNN leased. NOI $476K/yr. $5.6M. 8.5% Cap.
    *Excellent visibility from I-45
    *Just 2-miles from the Woodlands Green Mall
  8. Firestone Retail Center in Grayslake, IL: 9812 SF shopping center on .98 acre lot built in 2006 across Walgreens Pharmacy on signalized intersection. 100% Occupancy. NOI $197K/yr. $2.630M. 7.5% Cap.
    *Strong tenants: Firestone, Subway, Liquor Store, Cleaners and Café

    © eFunding, Inc. 2008. All rights reserved.

Tuesday, October 14, 2008

Best Commercial Retail 10-13-08

  1. Childtime Day Care in Clovis, CA: 6354 SF Childtime Day Care Center on over 1 acre lot in growing area near I-168. 100% NNN leased with rent increases. NOI $64K/yr. $800K. 8% Cap.
    ~Corp guarantee by a national tenant.
  2. Childtime in Moreno Valley, CA: 6354 SF Day Care Center on 2.1 acres of land situated fast growing city in Los Angeles. 100% NNN corp lease. NOI $75K/yr. $1M. 8.5% Cap.
    ~Long Lease: expires in 2021
  3. Rite Aid Pharmacy in Burlington, NC: 14, 470 SF Rite Aid Pharmacy on 1.44 acres of lot built in 2003 across Food Lion. 20 years absolute NNN corp lease. NOI $311K/yr. $4.019M. 7.75% Cap.
  4. Hardee’s Restaurant in Stone Mountain, GA: 3882 SF Hardee’s Restaurant on .91 acre lot built in 1980 located on Hwy 78 across from anchored shopping center. New 20- years NNN lease. 12% increases every 5 years. NOI $84K/yr. $1.2M. 7% Cap.
    ~Fast growing Atlanta suburb
    ~Retail thoroughfare
  5. Lone Star Pavilion Strip Center in Grapevine, TX: new 18,697 SF retail center with excellent visibility near I-635/114. 100% NNN leased. NOI $508K/yr. $6.741M. 7.54% Cap.
    ~Between Grapevine Mills Mall and I-121
    ~Good tenant mix: Quiznos, Subway, Sprint, Infinity Leather, Cartridge World and mattress Firm
  6. Office Building in Houston, TX: 25,680 SF office building on 1.84 acres of parcel at a signalized intersection. 100% Occupancy. NOI $275K/yr. $3.150M. 8.7% Cap.
    ~Upside potential: some leases are gross leased. Income boost when converted to NNN
    ~Growing Houston area
    ~Renovated in 2005
  7. Taco Bell Restaurant in San Antonio, TX: 1972 SF Taco Bell Restaurant surrounded by many national retailers near Hwy 410. 100% NNN leased. NOI $70K/yr. $1M. 7% Cap.
    ~Strong operator
© eFunding, Inc. 2008 All rights reserved.

Monday, October 13, 2008

Are Your Investments Heading Towards The Right Direction?

Per the Wall Street Journal (WSJ) dated Oct 10, investors lost $2.5 trillion of wealth just in the previous 7 trading sessions and $8.4 trillion since hitting an all time high a year earlier. Buried under many big headlines about the troubled economy is a small report on the Sept. 27 issue of the WSJ about the still very low default rates for $5 trillion income-producing commercial properties. The default rate for commercial mortgage-backed securities (CMBS) loans or “conduit” loans is .47%. The rate is only .03% for commercial loans from life insurance companies. “Why is it so low?” you might wonder. Commercial properties generate 50% to 200% more rental income than residential properties so cash flow is strong. When the rent collected from the tenant is more the mortgage payment then it’s hard to fall behind. Some of the tenants, e.g. Walgreens are very resistant to recession so they have money to pay the rent. So it is not an accident that commercial real estate is one of a few bright spots in any kinds of investments.

As the baby boomers are heading towards retirement, financial advisors recommend them to allocate more of their investments from volatile stock market to an area that is more stable and generate strong income. Commercial real estate has proven to be stable even in the toughest times since 1930. With all the volatility in the stock markets, the question you should ask yourself is “are you heading towards the right direction in your investments?” If your answer is no or not sure then it is time to pause, reflect and make changes.

Sunday, October 12, 2008

Best retail/commercial properties of 10-10-08

1. Rite Aid Pharmacies in AL: a portfolio of 4 Rite Aid Pharmacies, each 11,325 SF with NNN lease till 2017. NOI $570K/yr. $6M. 9.5% cap. Recession resistant tenant.

2. Office building in Fort Worth, TX: 92,240 SF 5-story trophy Western Insurance Office building with I-30 visibility. 98% occupied. NOI $822K/yr. $10.2M. 8.06% cap.

3. Rite Aid in Battle Creek, MI: 11,008 SF pharmacy built in 1999 on 2 acres parcel. 100% NNN lease with over 10 yrs remaining. NOI $215K/yr. $2.394M. 9% cap.

4. Professional Plaza in Mesa, AZ: 25,467 SF class-A metal-frame office building constructed in 2001 on 2.5 acres corner lot on a major artery in fast growing Phoenix middle-class suburb. 100% leased. NOI $410K/yr. $5.25M. 7.82% cap.

5. Just Brakes in Orlando, FL: 2623 SF national tenant Just Brakes on .6 acre parcel on a busy street. 100% NNN leased till 2013. NOI $60K/yr. $812K. 7.4% cap.

6. Friendly Square center in Arvada, CO: 56,859 SF shopping center on 6.69 acres corner lot in a strong income Denver metro. Anchored by Dollar General. 97% leased with low rent. NOI $415K/yr. $5.6M. 7.4% cap. Only less than $100/SF. Upside potential.

7. Single-tenant retail building in Sacramento, CA: 7515 SF single-tenant retail on .64 acre lot with easy access to I-80. 10 yrs NNN lease. NOI $108K/yr. $1.66M. 6.5% cap.

© eFunding, Inc. 2008 All rights reserved.


Friday, October 10, 2008

Best Commercial Retail 10-09-08

  1. Shopping Center in Oakdale, CA: 38,490 SF one year old anchored shopping center on 2.8 acre lot located in growing/middle-class (AHI $66K/yr.) North East of Modesto. 97% Occupancy. NNN. NOI $487K/yr. $6.290M. 7.75% Cap.
  2. Rite Aid Pharmacy in Douglasville, GA: 11,275 SF Rite Aid Pharmacy on 1.92 acres of land in fast growing Atlanta suburb. New 20 years absolute NNN lease with rent increases. NOI $255K/yr. $3.402M. 7.5% Cap.
  3. Office Building in Bedford, TX: 25,130 SF attractive office building constructed in 1984 conveniently located on Fwy 183 near DFW Airport. 100% Occupancy. NOI $173K/yr. $2M. 8.65% Cap.
  4. Highland Pavilion Retail Center in Hiram, GA: 49,667 SF beautiful retail center built in 2005 on 4.93 acres of land at a signalized intersection. 94% Occupancy. NOI $704K/yr. $9.3M. 7.58% Cap.
    -Anchored Retail Center
    -Strong tenant mix
    -Growing Atlanta suburb
  5. College Eye & Medical Center in Beaumont, TX: 22, 750 SF multi-tenant medical office building across Memorial Hermann Baptist Hospital. 80% Occupancy. NOI $212K/yr. $2.5M. 8.5% Actual Cap. More income/higher cap rate when 100% leased.
  6. Retail Center in Carrolton, TX: 9,204 SF 3-retail buildings on 1.8 acre lot in the suburb of Dallas. 100% Occupancy. NOI $197K/yr. $2.4M. 8.32% Cap. Buyer to assume $1.206M. at 5.15%
    -Stable tenants: same tenants have been there since 2002
    -Good tenant mix
  7. Family Dollar in Birmingham, AL: 12,035 SF one year old Family Dollar retail building on .95 acre lot at signalized intersection near I-20. 100% Occupancy. NNN. NOI $96K/yr. $1.175M. 8.25% Cap. Recession-resistant business.
  8. Family Dollar in San Antonio, TX: 9,180 SF brand new Family Dollar building on .78 acre parcel. 10 years NN corp lease. NOI $84K/yr. $1.058M. 8% Cap. Recession-resistant business.

    © copyright eFunding, inc 2008. All rights reserved.

Thursday, October 9, 2008

Best Retail Properties 10-08-08

  1. Retail Building in Oakland, CA: 21,784 SF 3-tenant retail building leased to Walgreen’s Pharmacy, Restaurant and Liquor Store on .8 acre lot located at busy MacArthur Blvd close to Hwy-580. 100% leased. NOI $261K/yr. $3.795M. 6.9% Cap.
    § Great upside potential: Walgreen’s lease expiring soon, however they plan to renew the lease.
    § Tenants paying some expenses
    § Only $172 per SF
  2. Day Care Center in Flower Mound, TX: 8500 SF Day Care Center on 1.93 acre lot built in 2003 near I-77 in growing Dallas suburb. New 20-years NNN lease. NOI $122K/yr. $1.626M. 7.5% Cap.
    § Stable tenant with 130 centers in 13 states
  3. Pier 1 Imports in Tucson, AZ: 11,287 SF Pier 1 Imports retail store built in 2004 on 1.5 acres of land next to Linens ‘n Things across Macy’s and Sears. 100% NNN leased. NOI $297K/yr. $4.1M. 7.27% Cap. Buyer to assume $2.655M at 5.51%
    § Densely populated area
    § Excellent visibility to major thoroughfare
  4. Hoke Crossing in Englewood, OH: 8600 SF retail center on 1.34 acres of lot anchored by Wal-Mart Supercenter off of I-70. 100% Occupancy. NNN. NOI $130K/yr. $1.628M. 8% Cap.
    § Good tenant mix: Radio Shack, Great Clips, CitiFinancial and Dental Office
    § Growing/middle-class (AHI $79K/yr) Dayton suburb
  5. Miller’s Ale House in Pensacola, FL: 9600 SF Restaurant on 2.84 acres of land built in 2007 situated at hard corner between North Davis Hwy and Airport Blvd. 15-years absolute NNN lease. NOI $319K/yr. $3.8M. 8.42% Cap.
    § Corp guarantee with percentage rent
  6. McAlister’s Deli I Baton Rouge, LA: 4176 SF McAlister’s Restaurant on .92 acre lot just blocks from Our Lady of the Lake Regional Medical Center close to I-10. Long NNN lease. NOI $166K/yr. $1.850M. 9% Cap.

    © eFunding, Inc. 2008. All rights reserved.

Wednesday, October 8, 2008

Best Retail Properties 10-07-08

  1. Albertson’s Grocery Store in Mesa, AZ: 51,562 SF building on 4.85 acres of land situated at signalized intersection with great visibility across Bib Lots. New 20 years absolute NNN lease with escalations. NOI $556K/yr. $7.424M. 7.5% Cap.
    One of top performing stores
    Growing/middle-class (AHI $69K/yr) neighborhood
  2. Albertson’s Retail Building in Fort Worth, TX: 64,843 SF building on 6.33 acres located at busy intersection surrounded by many national retailers in well-off ($93K/yr within 1 mile radius) area. New 20 years absolute NNN lease. NOI $489K/yr. $6.527M. 7.5% Cap.
  3. O’Reilly Auto Parts in Stockbridge, GA: 7225 SF retail building on .89 acre lot minutes from I-285 in fast growing Atlanta suburb. New 20 years corp absolute NNN lease. NOI $119K/yr. $1.675M. 7.15% Cap.
    Tenant operates over 1830 locations in 26 states
    Recent property appraised at $1.8M
  4. Wienerschnitzel Restaurant in Hayward, CA: 1442 SF Wienerschnitzel fast food restaurant built in 2001 conveniently located at signalized intersection between Hwy 880 and 238. Long NNN lease. NOI $72K/yr. $1.350M. 5.5% Cap.
  5. Office Building in Richardson, TX: 13,594 SF two story office building constructed in 1995 conveniently located off of I-75. 100% NNN leased. NOI $196K/yr. $2.450M. 8.04% Cap.
  6. Buckner Commons Retail Center in Dallas, TX: 10,429 SF retail shopping center constructed in 2005 anchored by Wal-Mart and Sams Club. 100% NNN leased. NOI $212K/yr. $2.8M. 7.57% Cap.
    Strong regional/nations tenants: Monarch Dental, Check Into Cash, Foot Locker, Pizza Hut and Metro PC.
    Great visibility to I-30
  7. Marine Adult Therapeutic Center in Inglewood, CA: 13,500 SF Adult Therapeutic Center on .82 acre lot close to Centinela Hospital near I-105. 100% NNN lease to stable tenant (in business for 18 years). NOI $177K/yr. $2.350M. 7.56% Cap.

    © eFunding Inc. 2008. All rights reserved.

Tuesday, October 7, 2008

Best Retail/Commercial Properties 10-06-08

  1. Sports Authority in Wichita, KS: 52,259 SF Sports Authority store on 5.6 acres of land near Wichita State University in a stable city. 100% NNN leased. NOI $511K/yr with 10% rent bump every 5 yrs. $6.6M. 7.75% cap rate.
    >Completely renovated in 2002
    >Corp lease
    >Motivated seller.
  2. Village Shops in Houston suburb, TX: 64,813 SF 32-units trophy shopping center on 4.78 acres corner parcel on a prime commercial district in a high income area with AHI over $73K/yr. 82% NNN leased. NOI $786K/yr. $8.785M. 9% cap.
    >Corner lot with 3 separate frontages
    >Heavy 70,000 vehicle per day
  3. Rite Aid in Braintree, MA: 12,044 SF pharmacy on 1.1 acres corner lot in a high income (AHI $95K/yr) Boston suburban. 100% NNN leased. NOI $299K/yr. $3.985M. 7.5% cap.
  4. Office building in Birmingham, AL: 26,000 SF class-a office building constructed in 2001 on 4 acres of land in a growing and high income (AHI over $88K/yr). 100% NNN leased. NOI $372K/yr. $4.8M. 7.75% cap.
  5. Retail building in Marietta, GA: 20,000 SF 3-unit retail building in a growing and high income (AHI $89K/yr) Atlanta suburb. 80% NNN leased. NOI $211K/yr. $2.35M. 9% cap.
    >Below market rent ($1/SF/month) means upside potential
    >Only $117/SF means you buy it cheap at low construction costs.
  6. Rare strip mall in Santa Clara, CA: 7200 SF totally renovated strip center on El Camino Real between Saint Thomas & Lawrence exprewways. 60% NNN leased. NOI $227K/yr. $3.799M. 6% cap.
  7. Strip mall in Granite Bay, CA: 5916 SF 3-unit upscale strip built in 204 in a booming (30% since 2000) and affluent Sacramento metro with AHI over $108K/yr. 100% NNN leased by Taco Bell, Quiznos and Fosco Italian market. NOI $168K/yr. $2.795M. 6.04% cap.
  8. Retail center in Mansfield, TX: 18,118 SF upscale retail center built in 2004 on 1.9 acres of land just in a fast growing (61% since 2000) and high income (AHI $86K/yr) Dallas suburb. 92% NNN leased. NOI $310K/yr. $4.1M. 7.57% cap.
  9. Retail plaza in San Antonio, TX: 25,202 SF plaza on 1.83 acres lot. 83% NNN leased. NOI $184K/yr. $2.3M. 8% cap

Saturday, October 4, 2008

Best commercial retail of 10-03-08

  1. Gorgeous neighborhood center in Herriman, UT: 41,427 SF beautiful newly constructed multi-tenant shopping center on 4.4 acres of land across from the $1 billion planned mixed-used project. 90% Occupancy. NNN leases. NOI $695K/yr. $8.975M. 7.75% Cap.
    - 14-tenants to spread out the risk
    - Strong demographics: (244% increase within 1 mile radius) (AHI $78K/yr within 1 mile radius)
    - Great tenant mix
  2. Office Building in Southlake, TX: 26,400 SF office building built in 2005 located just of Grapevine Hwy 26 and Southlake Blvd. 100% NNN leased. NOI $316K/yr. $3.925M. 8.06% Cap.
    - Stable tenants
    - Fast growing/wealthy area: AHI $100K/yr within 1 mile radius
  3. Jess Ranch Marketplace Retail Center in Apple Valley, CA: 7700 SF one year old retail center on 1.4 acre parcel anchored by Rite-Aid, Mervyn’s, PetsMart and Winco Grocery located in hard corner. 100% NNN leased. NOI $313K/yr. $4.4M. 7% Cap.
    - Five stable tenants: Game Stop, Nubi Yogurt, Ono Hawaiian and Port of Subs
    - Located in growing North East of Los Angeles suburb
  4. Carl’s Jr. Restaurant in Compton, CA: brand new 2208 SF Carl’s Jr. Restaurant on .53 acre lot at signalized intersection at Rosecrans and Long Beach Blvd. 100% NNN leased. NOI $92K/yr. $1.545M. 6% Cap.
    - Carl’s Jr. corp lease with 3200 locations (NYSE)
    - 20 years lease with 12.5% increases every 5 years
  5. Attractive retail building in Granite Bay, CA: 5916 SF 3-tenant retail building constructed in 2002 at busy signalized intersection. 100% NNN leased. NOI $168K/yr. $2.795M. 6.04% Cap.
    - Adjacent to Walgreen’s across two anchored shopping centers
    - Credit tenants: Taco Bell, Quizno’s and Fosco’s Fine Italian Market
  6. Smokey Bones Barbeque & Grill in Chattanooga, TN: 7061 SF Smokey Bones Restaurant on 1.78 acres of land built in 1997 just off of I-75 and Hwy-153. NOI $147K/yr. $1.782M. 8.25% Cap.
    - 20 years absolute NNN lease with 1.75% annual rent increases
    - Corp guaranty from operator of 74 locations
  7. Smokey Bones Barbeque & Grill in Johnson City, TN: 7082 SF Smoke Bones Restaurant on 1.1 acres of land constructed in 2004. Long 20 years absolute NNN lease with 1.75% annual increases. NOI $145K/yr. $1.761M. 8.25% Cap.
    - Located just east of The Mall at Johnson City near I-26
    - Corp guaranty from operator of 74 location
  8. Rite Aid Pharmacy in Henderson, NC: 14,735 SF Rite Aid Pharmacy on 1.9 acres of lot close to I-85 surrounded by national tenants. New 20 years NNN corp lease. NOI $198K/yr. $2.731M. 7.25% Cap.

    © copyright eFunding Inc. 2008 All rights reserved.

Friday, October 3, 2008

Best Retail Properties 10-02-08

  1. Shopping center in Sacramento, CA: 12,060 SF 2-yr old strip center. 94% NNN leased. NOI $393K/yr. $5.235M. 7.5% cap.
    Shadow anchored by Longs Drug and Safeway.
    Fast growing (31% since 2000) & high income Elk Grove (AHI $81K/yr).
    Located on a major North South artery
  2. Shopping center in Douglasville, GA: 11,200 SF strip mall built in 2000 on 1.4 acres parcel in a fast growing & strong income city East of Atlanta. 89% NNN leased. NOI $134K/yr. $1.5M. 8.9% cap.
  3. O’reilly Auto Parts in Rockford, IL: 22,000 SF O’Reilly (NASDAQ: ORLY) auto part store in a stable city. 100% NNN leased till 2015. NOI $91K/yr. $1M. 9.13% cap.
    No landlord responsibilities.
    Public company with over 1830 stores in 26 states means secure investment.
  4. Rite Aid in Billerica, MA: 13,683 SF pharmacy built in 2002 on 2 acres lot in a high income (AHI $93K/yr) Boston suburb. 100% NNN leased. NOI $247K/yr. $3.305M. 7.5% cap.
    Shopping center in Santee, CA: 20,518 SF 2-story retail/office building in the suburb of San Diego. 88% leased. NOI $279K/yr. $4M. 7% cap. Only $194/SF in San Diego!
  5. Dental office in Fort Worth, TX: 5625 SF single-tenant dental clinic built in 2006 on ½ acre. 100% NNN leased till 2016 by Jefferson Dental with 21 locations in Dallas metro. NOI $123K/yr. with 9% rent increase in 2011. $1.66M. 7.45% cap.
  6. Strip mall in San Juan, TX: 8736 SF attractive retail strip in a fast growing McAllen area. 100% NNN leased. NOI $86K/yr. $959K. 9% cap. Great for 1st time investor.
    Retail strip in Fayetteville, GA: 14,077 SF retail strip built in 1987 on over 1 acre parcel in a high income Atlanta suburb. 100% NNN leased by good corp/credit tenants. NOI $229K/yr. $2.95M. 7.79% cap.

    © copyright eFunding, inc. 2008. All rights reserved.

Thursday, October 2, 2008

Best commercial retail of 10-01-08

AHI: Avg Household Income
NOI: Net Oper Income

  1. Old Chicago restaurant in Green Bay, WI: 6700 SF franchised restaurant on a pad site to Bay Park Square Mall. 100% absolute NNN leased with corp guaranty till 2021. NOI $210K/yr. Price reduced to $2.33M. 9% cap.
  2. Strip center in Highlands, CA: 4439 SF retail center built in 2004 on 2/3 ac corner parcel on an artery just off I-80 in Sacramento metro. 100% NNN leased by 3 good tenants: Quizno’s Sub, It’s a Grind Coffee, and Check Cashing. NOI $165K/yr with annual rent bumps. $2.2M. 7.5% cap.
  3. Shopping strip in Racine, WI: 7000 SF retail strip on an out parcel to 2 power centers next to Regency Mall. 100% NNN leased. NOI $151K/yr. $2M. 7.58% cap.
    Rite Aid pharmacy in Salisbury, NC: 14,569 SF pharmacy on 1.5 acres lot in a prime commercial area just off I-85. New 20 yrs NNN lease with rent increase. NOI $255K/yr. $3.402M. 7.5% cap.
  4. Johnny Carino’s Italian Grill in Denton, TX: 6166 SF restaurant built in 2001with I-35E frontage in a city North of Dallas. New 15 years absolute NNN lease with corp guaranty. NOI $220K/yr. $2.75M. 8% cap.
  5. CVS Pharmacy in Plano, TX: 10,908 SF pharmacy on 1.55 acres lot in a booming (71% growth since 2000) and super high income Dallas suburb (AHI $178K/yr within 1 mile radius). 100% NNN leased. Store with sales in the top 2% of the chain. NOI $226K/yr. $3.12M. 7.25% cap.

(c) eFunding, Inc. 2008. All rights reserved.

Wednesday, October 1, 2008

Best picks of 09-30-08

AHI: Avg Household Income

  1. Retail Plaza in Anaheim, CA: 36,453 SF well-maintained retail plaza on 2.6 acres of land in a growing, densely-populated and high income (AHI $97K/yr) Orange county town. 100% NNN leased. NOI $600K/yr. $9.16M 6.54% cap.
    - Completely remodeled in 2004
    - 24 tenants to spread out the risks
    - Only $250/SF in Orange county!
    - Excellent visibility
  2. CVS Pharmacy in Richardson, TX: 10,560 SF free-standing pharmacy in a strong income area in Dallas suburb. 100% NNN leased till 2016. NOI $$210K/yr. $2.9M. 7.25% cap.
    - Store with strong revenue, top 2% in the chain.
  3. Shopping Centers in Roseville, CA: 31,168 SF inline shopping centers built in 1995 in Sacramento suburb. 100% NNN leased by 17 tenants. NOI $830K/yr. $11.5M. 7.7% cap!
    - Shadow anchored by Save Mart Supermarkets and Longs Drug
    - High growth (32% since 2000) and high income (AHI $80K/yr) metro.
  4. Neighborhood center in Tampa, FL: 130,278 SF center on over 18 acres lot. 91% leased. NOI $738K/yr. $9M. 8.2% cap.
    - Anchored by Supermarkets, and Dollar store
  5. Office building in Boca Raton, FL: 11,734 SF 2-story office building in a wealthy coastal town with AHI $144K/yr. 100% leased. NOI $188K/yr. $2.5M. 7.54% cap.
  6. Shopping center in Houston, TX: 90,647 SF shopping center on over 7 acres corner parcel. 98% leased by 13 tenants. NOI $772K/yr. $7.25M. 10.66% cap!
  7. Burger King in Hot spring, AR: brand new 3000 SF Burger King on 1.25 acres parcel in a stable small town. New 20 yrs absolute NNN lease by a tenant with 6 locations. NOI $93K/yr with 12% rent bump every 5 yrs. $1.168M. 8% cap.
  8. Office Building in Augusta, GA: 32,448 SF office building on 2.6 acres lot. 100% leased by national and local tenants. NOI $220K/yr. Priced to sell at $2.2M. 10% cap!

(c) eFunding, Inc. 2008 All rights reserved