Best retail/commercial properties of 09-29-08

Please email brochure request to maria@efundingcom.com
AHI: Avg Household Income

1. Shopping center in Fort Wayne, IN: 32,000 SF shopping center built in 1999 on 6.78 acres parcel. 90% leased. NOI $456K/year. $4.875M. 9.36% cap.
   - Adjacent to the new Walmart, Petsmart and Office Depot
   - Assuming 3.395M loan at loan 5.7% interest.
   - Fast growing city with AHI over $88K/yr within 1 mile radius
2. Pep Boys Auto in Stockton, CA: 20,923 SF Pep Boys Auto Parts (NYSE: PBY) on 1.48 acres parcel. 15 yrs NNN lease. NOI $230K/yr with 1.5% annual rent bump. $3.627M. 6.35% cap.
3. Applebee’s Restaurant in Visalia, CA: 5000 SF Applebee’s built in 1997 in a fast growing Central Valley town. 100% NNN leased. NOI $203K/yr. $3.2M. 6.37% cap.
4. La Petite Academy in Mesa, AZ: 5453 SF child care center on 2/3 acre lot in a growing Phoenix metro. 100% NNN leased with 3.5 yrs left. NOI $73K/yr. $996K. 7.4% cap.
   - National child care provider
   - Tenant has been at this location since 1982
5. Shopping center in New Port Richey, FL: 46,400 SF newly renovated shopping center on 4 acres lot on a main artery in the Tampa metro. 98% NNN leased. NOI $482K/yr. $6.1M. 7.9% cap.
   Turn key restaurant in Roseville, CA: 4558 SF restaurant built in 1997 on 2.7 acres of land in a growing middle-class Sacramento metro. $1.325M.
   - Stainless steel commercial kitchen
   - Walkin freezer
   - Seating for 153
6. Retail building in San Jose, CA: 1500 SF free standing retail building on a pad site to a shopping center on Berryessa Road just off I-280. 100% NNN leased till 2011 to Wolf Camera. NOI $69K/yr. $1.188M. 5.6% cap.
   - Densely populated area with over 420K residents within 5 miles
   - High income area with AHI over $106K/yr.
   - Irreplaceable location
7. Strip center in Atlanta, GA: 5401 SF retail strip on .93 acre parcel just off I-20 exit with over 120K vehicles/day in the fast growing Atlanta. 100% NNN leased to national & regional tenants. NOI $87K/yr. $980K. 8.92% cap. Great for first time investors.
8. Kindercare center in Indianapolis, IN: 9020 SF Kindercare Childcare center on 1.2 acres of land in a stable & high income area (AHI $89K/yr). 100% NNN leased till 2012 by a national tenant. NOI $120K/yr. $1.3M. 9.25% cap.
   
   © eFunding, Inc. 2008. All rights reserved.

Best retail/commercial properties of 09-26-08

1. Office building in Fresno, CA: 8664 SF 3-unit office building on 1.16 acres parcel near the airport. 100% leased. NOI $90K/yr. $995K. 9.11% cap.
2. Tire Store in Naples, FL: 5021 SF single tenant retail property built in 2003 just off I-75 exit in very affluent city (AHI $126K/yr within 1 mile radius). 100% NNN leased by a regional tire store chain. NOI $140K/yr. $2M. 7% cap.
3. Office building in Desoto, TX: 19,111 SF office building on 1.46 acres parcel in a growing Dallas suburb. 96% leased. NOI $161K/yr. $1.7M. 9.48% cap.
4. Office building in San Bernardino, CA: 49,513 SF 2-story office building near I-10 and I-215. 100% NNN leased by Arrowhead Credit Union. NOI $555K/yr. $7.5M. 7.4% cap.
5. Single –tenant retail in Dallas, TX: 2000 SF retail center on 1/3 acre corner lot near Dallas Love Field Airport. 10 yrs NNN lease by PLS Check Cashers. NOI $143K/yr with 10% rent increase every 5 yrs. $1.64M. 8.75% cap.
6. Urgent Care center in Raleigh, NC: 5212 SF NextCare Urgent Care center on ¾ acre parcel in a prime commercial area in a growing city. 100% NNN leased by an operator with 7 centers with this location being most profitable. NOI $141K/yr. $1.7M. 8.3% cap.
   - Urgent care could benefit from the current economic downturn
   - Tenant has been at this location for 20 yrs
   - Over $500K renovation in 2000
7. Metro Market Place in Phoenix, AZ: 249,494 SF power center on over 19 acres of land near Metro Center adjacent to I-17. Anchored by Office Max and Toys R Us. 56% leased. Proforma NOI $1.236M. $15M.
   - Only $60/SF: below replacement cost
   - Strong upside potential when 100% leased.
8. CVS Pharmacy in Conway, SC: 10,125 SF CVS Pharmacy built in 1998. 20 yrs NNN lease with 10 yrs left. NOI $198K/yr. $2.64M. 7.8% cap.
   - Lease with Corp guaranty means low risk investment
   - Store with strong sales means you most likely you will receive the rent checks.
   
   © 2008 eFunding, Inc. All rights reserved.

It's better to make money and pay taxes to Uncle Sam

Many investors put too much emphasis on appreciation/tax write offs and too little on income. They invest in residential properties in which the rental income is much less than the mortgage payment. They have negative cash flow on the investments and thus are able to reduce their tax liabilities. They hope, assume and bet that the properties will appreciate quickly so they can make a quick profit. Once the properties reduce in value, they are in financial trouble as evidenced in the current market.

Commercial properties generate a lot more income, 50% to as much as 250% more than residential properties so investors have good positive cash flow. The "problem" is investors would have to pay Uncle Sam taxes for the positive cash flow. This should not be viewed negatively. This is a good "problem". It's better to make money and pay taxes than to lose money so one can write off taxes.

Here are the facts:

1. Washing Mutual failed because it ran out of cash.
2. Lehman Brothers declared bankruptcy because it did not have enough cash.
3. Lots of residential investors face foreclosure because they don't have enough income to pay for their mortgages.

To retire (you don't have to wait till 65 to do so), you need cold hard cash to cover your expenses. Commercial properties deliver lots of that. With all the headlines about foreclosures in residential real estate, of course you would be skeptical if it is a good time to invest in commercial real estate now. This advisor has seen several sale and lease back (sellers become tenants after closing) restaurant portfolios recently in which the listing prices are $700K to $1M (about 30%) below the appraised values. The sellers reduce the rents to the new investors to compensate for the lower the asking prices. When you acquire this kind of properties, you put your money in very low risk investments. If you believe you should buy when others sell and sell when others buy then it’s a good time to bargain now.

Best picks of 09-25-08

AHI: Avg Household Income
NOI: Net Operating Income

1. Neighborhood center in Corning, CA: 53,034 SF 8-tenant retail center on 5.25 acres of land right off I-5 exit. Anchored Safeway and Rite Aid. 100% NNN leased. NOI $366K/year. $5.75M. 6.38% cap.
   - Safeway just spent $3M to renovate its unit into “lifestyle” format
   - Buyer to assume $3.3M loan at 6.245% interest.
2. Fitness Center in San Diego, CA: 20,800 SF Frog’s Fitness center on 2.37 acres lot just off I-15 exit. 100% NNN leased till 2016. NOI $366K/yr with 6% rent increase every 2 yrs. $5.4M. 6.8% cap.
   - Prime commercial corridor.
   - Located in a desirable & high income Poway City with AHI $105K/yr.
3. Office building in Bakersfield, CA: 32,036 SF 6-unit medical office building on over 3 acres parcel. 89% occupied with just 1 vacant unit. Proforma NOI $330K/yr. $4.2M. 7.85% cap.
   - Anchored by Office Depot with 4 other medical tenants
   - Upside potential, only $131/SF.
4. Retail Center in Sacramento, CA: 10,791 SF 7-unit brand new retail center on the busy Stockton blvd. 89% NNN leased with 1 vacant space. NOI $313K/yr. $4.48M. 7% cap.
   - Just off Hwy 99 exit
   - Near Costco, Kaiser Hospital, Methodist Hospital.
5. Retail center in Taylor, AZ: 15,008 SF 2-tenant retail center on over 1 ac lot. 100% NNN leased. NOI $147K/yr. $1.661M. 8.91% cap.
   - Anchored by Dollar Tree store (Nasdaq: DLTR)
   - Renovated in 2008
6. Medical building in Murrieta, CA: 18,480 SF brand new class-A medical office building on 1.64 acres of land next to Rancho Springs Medical Center just off I-15 and I-215. 100% NNN leased to several prominent area physicians. NOI $442K/yr. $5.95M. 7.44% cap.
   - Fast growing (77% since 2000) and high income (AHI$82K/yr) Riverside county.
   - Strong cash flow, trophy property
7. Office building in Martinez, GA: 15,722 SF 11-unit office building on 1.33 acres lot in the growing Augusta metro. 91% leased. NOI $137K/yr. Price reduced to $1.3M. Over 10% cap!
8. Single-tenant retail tenant in San Dimas, CA: 15,120 SF retail center as part of a larger neighborhood center. 100% NNN leased by Pacific Kitchen & Bath Center. NOI $215K/yr. $3.085M. 7% cap.
   - Lease guaranteed by Best Buy Co. (NYSE: BBY)
   - Below market rent of $1.19/SF means upside potential
   - Densely populated Los Angeles county (over 300K residents within 5 miles) and high income (AHI $83K/yr)
9. Smokey Bones restaurant in Kennesaw, GA: 6900 SF restaurant built in 1993 on 1.88 acres lot at the entrance of Town Center Mall between I-75 and I-575 in Atlanta metro. 20 yrs absolute NNN lease. NOI $158K/yr. with 1.75% annual rent increase. $1.919M. 8.25% cap. Note: eFunding’s client offered 9% cap for a nearby Smokey Bones and got accepted! Looks like seller is very motivated.
   - Lease with corporate guaranty
   

(c) eFunding Inc., all rights reserved.

Best picks of 09-24-08

AHI: Avg Household Income
Please email brochure request to maria@efundingcom.com

1. Brand New Office Depot in Temple, TX: 20,898 SF Office Depot on 2 acres of parcel at the intersection of I-35 and Hwy-36. Long NNN lease. NOI $269K/yr. $3.715M. 7.25% Cap.
   § Credit (BBB-) tenant with 1,000 locations
   § Rapidly developing retail area: across from new 425,000 SF retail center
2. Office Building in Roseville, CA: 8000 SF nice looking brick office building roughly built in 1997 with easy access to I-80. 100% NNN leased. NOI $182K/yr. $2.6M. 7% Cap.
   § Irreplaceable location in Sacramento metro: close to Kaiser Permanente
   § Sale & lease back
   § Recently renovated
3. Carino’s Italian Restaurant in Denton, TX: 6166 SF Carino’s Italian Restaurant constructed in 2001 located off of I-35 close to Golden Triangle Mall North of Dallas. New NNN corp. lease. NOI $220K/yr. $2.999M. 7.35% Cap.
4. Franklin Centre in Lenoir City, TN: 18,470 SF attractive retail center on 1.71 acres of land built in 2002 in growing middle-class (AHI $53K/yr.) Tennessee suburb. 100% Occupancy. NNN. NOI $254K/yr. $3.280M. 7.5% Cap.
   § Close to I-75
   § Anchored by Wal-Mart Supercenter
5. Ramon Plaza in Cathedral City, CA: 11,550 SF established retail center on .76 acre lot built in 1982 in growing area in Los Angeles County. 100% NNN leased. NOI $241K/yr. $3.6M. 6.7% Cap.
   § Great potential: tenants paying below market rents
6. Lubbock Shopping Center in Lubbock, TX: 19,900 SF beautiful shopping center on 1.81 acres of land built in 2006 located near I-84. 92% Occupancy. NNN leases. NOI $367K/yr. $4.652M. 7.91% Cap.
   § Good tenant mix: Payless, Cato, Check ‘n Go, Sally Beauty, Nails, State Farms, Game Stop, Pizza, Wingstop and Edward Jones & Co.
   § Out parcel to Wal-Mart Supercenter
   
   © 2008 eFunding, Inc. All rights reserved.
   

Best picks of 09-23-08

1. Airport Meadow Crossings in Holland, OH: One year old 10,223 SF shopping center on over 2 acres of land across from I-475 with three national tenants in growing area. NOI $345K/yr. $4.324M. 8% Cap.
   - Anchored by Wal-Mart/TJ Maxx
   - New 10 year NNN leases
   - Stable brand name tenant: Chipotle, Panera Bread and Aspen Dental
2. Taco Cabana San Antonio, TX: 2720 SF Taco Cabana Restaurant on 1.13 acres of lot built in 1991 in hard corner with great visibility. 100% NNN leased. NOI $115K/yr. $1.533M. 7.5% Cap.
   - Corp guaranty
   - High sales volumes
3. Quincy Retail Center in Quincy, IL: 13,640 SF well positioned retail center constructed in 1999. 100% Occupied. NNN. NOI $144K/yr. $ 1.865M. 7.75% Cap.
   - 1.3 miles from the Quincy Mall
   - Great potential: current rent below market rent
   - Great tenant exposure: all tenant facing to State Hwy-104
4. Little Garden’s Professional Commons Office in Lawrenceville, GA: 7705 SF attractive medical office building in growing Atlanta suburb. 100% Occupancy. NOI $142K/yr. $1.750M. 8.12% Cap.
   - Established Pediatric Clinic with over 30 years in practice
   - Guaranteed lease
   - 3% annual rent increases
   - Great Atlanta metro
5. Retail Center in Las Vegas, NV: 10,750 SF retail center on 1.11 acres of land built in 2007 with stable tenants near I-15. 100% NNN leased with annual rent increases. NOI $329K/yr. $4.390M. 7.5% Cap.
6. Sunrise Plaza in Brownsville, TX: 36,139 SF shopping center on 2.89 acres of parcel constructed in 2002 in close proximity to to Hwy-77 adjacent to Sunrise Mall which was recently renovated. Price not disclosed. 93% Occupancy. NOI $568K/yr. 8% proforma Cap.
   - Good tenant variety: Anna’s Linen’s, Leslie’s Pool, Petland, Sally Beauty and Check ‘n Go.
   
   © 2008 eFunding Inc. All rights reserved

Best picks of 09-22-08

Please email brochure request to maria@efundingcom.com

1. Strip Center in Terrell, TX: 5460 SF nice looking strip center built in 2005 across from Home Depot with good tenants mix: Subway, Captain D’s Seafood, Chiropractic and Cosmetics close to I-20 in growing Dallas suburb. 100% Occupied. NOI $119K/yr. $1.330M. 9% Cap.
2. Shopping Center in Fort Worth, TX: brand new 19,905 SF multi-tenant retail building on 2 acres of land in growing (141.10%) area. 90% Occupancy. NNN. NOI $346K/yr. $4.331M. 8% proforma Cap.
   - Long NNN leases with rent increases
   - Across from Burlington Northern National Headquarters
   - Great location just off I-35
3. Sports Authority Retail Building in Wichita, KS: 52,259 SF Sports Authority retail building on 5.62 acres completely renovated in 2002. 100% NNN lease with 10% rent increase every 5 yrs. NOI $511K/yr. $7.057M. 7.25% Cap.
4. Office Building in Lewisville, TX: 20,000 SF office building on 2.50 acres of parcel recently constructed with solid tenants. 100% Occupancy. NNN. NOI $408K/yr. $5.1M. 8% Cap.
   Shopping Center in Downers Grove, IL: 31,196 SF 15-unit shopping center on 4.5 acres at signalized intersection recently renovated in growing area near I-355. NOI $483K/yr. $6.450M. 7.5% Cap.
5. Rite Aid Pharmacy in Louisville, OH: brand new 14,564 SF Rite Aid Pharmacy with drive-thru on 1.57 acres of land. 20-years corporate absolute NNN lease with unusual 10% increase in year 11. NOI $419K/yr. $5.239M. 8% Cap.
6. Retail Center in Boiling Springs, SC: 7350 SF well positioned retail center on 1.36 acres of land recently renovated located on Hwy-9. 100% NNN leased. NOI $114K/yr. $1.435M. 8% Cap.
   
   © Copyright 2008 eFunding Inc. All rights reserved.

Best picks of 09-19-08

1. Jiffy Lube in Orlando, FL: 1708 SF Jiffy Lube retail building constructed in 1996 in densely populated surrounded by national tenants. 100% NNN leased. NOI $89K/yr. $1.079M. 8.25% Cap.
   - Strong operator currently with 26 stores
   - Unusual 15% increases every 5 years


2. Shopping Center in Cincinnati, OH: 64,607 SF 16-tenants well located shopping center on 5.58 acres of land built in 1989. 95% Occupancy. NNN. NOI $629K/yr. $7.865M. 8% Cap.
   - National/Regional Tenants: UPS Store, Great Clips, Starbucks, Blockbuster
   - Currently under going façade improvements


3. Strip Center in Tucson, AZ: 6623 SF newly constructed multi-tenant retail center in growing (16.43%) well-off (AHI $90K/yr) neighborhood. 100% NNN leased. NOI $131K/yr. $1.850M. 7.13% Cap.


4. Office building in Sacramento, CA: 5500 SF office building constructed in 1983 conveniently located near Hwy-80. 100% leased. NOI $55K/yr. $789K. 7% proforma Cap. Only $143 per sf.


5. LA Fitness in Chula Vista, CA: 45,000 SF LA Fitness Building on 4.34 acres located at a major retail intersection bordered by many national tenants situated in growing (65.06%) San Diego suburb. Long NNN corporate lease. NOI $1M/yr. $13.900M. 7.32% Cap.


6. Retail Plaza in Antioch, CA: 19,546 SF retail center on 1.5 acres built in 2004 with good tenants near Hwy-4. 74% Occupancy. NOI $276K/yr. $3.9M. 7.10% Cap with sellers guarantee on vacancy.
   
   © eFunding, Inc. 2008. All rights reserved.

Best picks of 09-18-08

1. Burger King in Bloomington, CA: 3540 SF attractive Burger King Restaurant on .91 acre lot with indoor play area located just off I-10. Long NNN lease with personal guarantee by high net worth franchisor. NOI $117K/yr. $1.965M. 6% Cap.
2. Econolodge Hotel in Escondido, CA: 44 room Econolodge hotel on over 1 acre lot built in 1976 with many renovations near I-15 close to Wild Animal Park. NOI $329K/yr. $4.150M. 8% Cap.
3. AutoZone retail building in San Bernardino, CA: 5400 SF AutoZone retail building built in 1999 on .67 acre lot with monument sign adjacent to Hwy-259. 100% NNN leased by Chief Auto Parts Inc. NOI $112K/yr. $1.729M. 6.5% Cap.
4. Christian Brother Automotive in Houston, TX: 4921 SF CB Automotive retail building situated in growing (14.12%) rich (AHI $120K/yr) community. New 15 years NNN lease with corp guarantee. NOI $127K/yr. $1.641M. 7.75% Cap.
5. Strip Center in Elk Grove, CA: 7,200 SF strip center on 1 acre lot built in 1998 across Civic Center. 100% Occupancy. NNN. NOI $148K/yr. $2.475M. 6% Cap.
   Located across Civic Center
   Growing (21.84% since 2000) and well-off (AHI $84K/yr) Sacramento suburb
   Close to Hwy-99
6. Shopping Center in Folsom, CA: 45,453 SF beautiful shopping center on 6.86 acres of land recently remodeled. 85% Occupancy. NOI $1,064M/yr. $15.9M. 6.7% Cap. Buyer to assume $4.950M at 5.87%
   - Anchored by Trader Joe’s, Mervin’s, Target and Lowes
   - Just minutes from Hwy-50
   - Upside potential
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-17-08

AHI: Avg Household Income
NOI: Net Operating Income

1. Shopping Center in Peachtree City, GA: 18,467 SF shopping center on 2.22 acres of land built in 2001 with 59% national tenants. 91% NNN leased. NOI $351K/yr. $4.535M. 7.75% Cap.
   - Good tenant mix: Waffle House, Dominos, AT&T, Chinese Restaurant and more
   - Located on Hwy-54
   - Upscale area: AHI $112K/yr within 1 mile radius
2. McAlister’s Deli in Waco, TX: 3900 SF McAlister’s Restaurant on .94 acre lot constructed in 2000. Long absolute NNN lease till 2021 with rent increases. NOI $96K/yr. $1.255M. 7.65% Cap.
   - Located in growing city South of Dallas
   - Experienced operator: currently operating 18 restaurant
   - Strong revenue (Over $1.45M) means business is profitable and you will get the rent
3. Strip Center in Dallas, TX: 10,429 SF strip center on .86 acre lot built in 2005 anchored by Wal-Mart and Sam’s Club with excellent visibility to Fwy-30 near Big Town mall. 100% NNN leased. NOI $210K/yr. $2.850M. 7.4% Cap.
4. Retail Center in Tulsa, OK: 20,300 SF stable retail center built in 1995 with good tenant mix located on intersection just off of I-44. 100% Occupancy. NOI $173K/yr. $1.8M. Strong 9.70% Cap.
5. Office building in Longwood, FL: 6560 SF attractive medical office with excellent exposure in fast growing area Orlando suburb. 75% Occupancy. NOI $138K/yr. $1.380M. 10% Cap. Great potential when last unit is occupied.
6. Taco Mayo in Wichita Falls, TX: One year old Taco Mayo Restaurant on .52 acre lot situated at busy intersection near I-82 in middle-class (AHI $58K/yr) area. 10 years NNN lease. NOI $92K/yr. $1.086M. 8.5% Cap.
   
   © 2008 eFunding, Inc. All rights reserved

Best picks of 09-16-08

AHI: Avg Household Income
NOI: Net Oper Income

1. Christian Brothers Automotive in Irving, TX: 4,921 SF Christian Brothers Automotive retail building on .63 acre lot built in 2007. New 15 years absolute NNN lease with 1½% annual rent increases starting in year 2. NOI $135K/yr. $1.742M. 7.75% Cap.
   - Corporate Guarantee
   - Growing (15.04% since 2000) and wealthy (AHI $106K/yr within 3-mile radius) neighborhood
   - Good location close to I-635
2. Smokey Bones Restaurant in Lithonia, GA: 6,028 SF Smokey Bones Restaurant on over 2 acres of lot outparcel to The Stonecrest Mall. 20 years absolute NNN lease. NOI $170K/yr. $2.069M. 8.25% Cap.
   - Lease is corp guaranteed from strong operator currently operating 74 locations
   - 1.75% annual rent increases
   - In front of The Mall of Stonecrest just off I-20
3. Smokey Bones Restaurant in Kennesaw, GA: 6,900 SF Smokey Bones Restaurant on 1.88 acres of lot. 20 years absolute NNN lease with 1.75% annual rent increases. NOI $158K/yr. $1.919M. 8.25% Cap.
   - Outstanding location: across the street from the Town Center Mall between I-75/575
   - Lease is corp guaranteed by a strong operator currently operating 74 locations
4. Great American Plaza in Phoenix, AZ: 14,531 SF beautiful shopping center on 1.76 acres of land constructed in 2007 next to Walgreen’s pharmacy. 100% NNN leased. NOI $370K/yr. $4.935M. 7.5% Cap.
   - Located across Fry’s Supermarkets
   - Good national/regional tenant mix: Checker Auto, Fletchers, Subway H&R Block, Cost Cutters, Wells Fargo, UPS, Curves, State Farms, Blockbuster and more.
   - Eight tenants to spread-out the risk
5. Main & Lindsay Center with KFC Restaurant in Mesa, AZ: 20,714 SF stable shopping center on 2.12 acres of land built in 1984 extensible remodeled in 2005. NNN leases. NOI $301K/yr. $4.1M. 7.34% Cap.
   - Densely populated area
   - Good ingress/egress
   - Signalized intersection
6. Applebee’s Restaurant in Modesto, CA: 5,300 SF Applebee’s Restaurant on 1.59 acres of parcel built in 1997. Absolute NNN lease till 2018 with 10% rent increases every five years. NOI $217K/yr. $3.350M. 6.5% Cap.
   - Excellent location anchored by Best Buy, Target, Borders and Petsmart
   - Just off Hwy-99 with has 113,000 CPD
   - Adjacent to Regional Mall with over 130 stores
7. The Shoppes at Barry Plaza in Kansas City, MO: 20,944 SF Shopping center constructed in 2005 on 2.5 acres of land anchored by CVS Pharmacy. 100% Occupancy. NNN. NOI $325K/yr. $4.2M. 7.75% Cap.
   - Close to I-152
   - Good tenant mix: Curves, Tanning, Fitness, Bank Kwall Paint and more
8. Roseland Retail Center in Chicago, IL: 19,919 SF attractive shopping center on 1.17 acres of land built in 1968 with recent renovation. 100% Occupancy. NNN. NOI $248K/yr. $3.250M. 7.64% Cap.
   - Located at signalized intersection
   - Across from Walgreen’s Pharmacy
   - Occupied by national tenants: AutoZone, Family Dollar and Washington Mutual
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-15-08

1. Anchored Center in Sioux City, IA: 19,881 SF attractive strip center on 1.78 acres of land constructed in 2004 anchored by Wal-Mart. 100% NNN leased. NOI$219K/yr. $2.585M. 8.5% Cap.
   - National/local tenants: Sport Clip Haircuts, Cato, Sally Beauty Supply and Verizon Wireless Good access to busy Blvd
   - Near I-75
2. The Learning Experience in Independence, MI: brand new 12,500 SF The Learning Experience Day Care on 2.15 acres. 15 year NNN lease with 12% rent increases every five years. NOI $296K/yr. $3.3M. 9% Cap.
   - Corporate location
   - 5,000 SF fenced-in outdoor playground
   - Near I-75
   - Affluent area (AHI of $124K/yr)
3. The Learning Experience in Sterling Heights, MI: 11,025 SF The Learning Experience Day Care Center built in 2007. Long NNN lease with 12% rent increases every five (5) years. NOI $236K/yr. $2.703M. 8.75% Cap.
   - Corp guarantee
   - Growing/stable ($71K/yr) Detroit suburb
   - Just blocks from Lakeside Mall near I-53
4. Shopping Center in Whittier, CA: 22,028 SF shopping center on 1.27 acres of land built in 1985. 96% Occupancy. NNN leases except one unit. NOI $469K/yr. $6.350M. 7.4% Cap.
   - Location: Busy signalized intersection
   - National tenants: Coffee Bean and Tea Leas, Subway, H&R Block, ReMax and Supercuts
   $288.27 per SF.
5. Strip Center in Ridgeland, MS: 14, 872 SF nice-looking retail center on 1.71 acres constructed in 2005 anchored by Northpark Mall and Wal-Mart Supercenter. 83% Occupancy. NOI $237K/yr. 9.8% ACTUAL Cap.
6. Single tenant retail building in Atlanta, GA: 5683 SF single tenant retail building on .83 acre lot. NOI/Price not available. 10% Cap.
   - Great location just off of I-85
   - Adult Club/bar
   - Growing middle-class ($54K/yr) neighborhood
   
   © 2008 eFunding Inc. all rights reserved.

Lehman Brothers filing for bankruptcy

• Investors are scared of residential properties as there are so many foreclosures.
• With Lehman Brothers filing for bankruptcy and Dow dropping 500 points, they worry more about the volatility of the stock market.
• So at 7 or 8% caps, commercial properties look very attractive. I hope you see what I see.
  

Best picks of 09-12-08

1. Strip center in Yorktown, VA: 10,400 SF retails strip on 1.42 acres lot in a stable city North of Norfolk. 100% NNN leased by 4 good tenants. NOI $191K/yr. $2.55M. 7.5% cap.


2. Circuit City in Calumet City, IL: 33,237 SF retail building on 3.5 acres lot in front of 1.379 million Squarefeet River Oaks Center mall in Chicago suburb. 22 yrs absolute NNN lease with 7 yrs remaining. NOI $425K/yr. $3.7M. 11.5% cap.


3. Rite Aid Pharmacy in Mauldin, SC: 10,908 SF pharmacy at the intersection of 2 major arteries in Greenville metro. 100% NN leased. NOI $208K/yr. $2.607M. 8% cap.
   - Great location: across the street from Publix Supermarkets & Kmart.
   - Fast growing metro (28% since 2000)
   - Secured investment: tenant in recession-proof business.
4. Office/Retail center in Phoenix, AZ: 38,594 SF multi-tenant building on 2.86 acres lot with over 475K residents within 5 miles radius. 100% NNN leased. NOI $439K/yr. $5.168M. 8.5% cap!


5. Advance Auto Parts in Richmond, VA: 7000 SF brand new auto part center. New 15 yrs NNN lease by a public company (NYSE: AAP) with S&P rating of BB+/stable. NOI $113K/yr. $1.459M. 7.75% cap.


6. KFC in Woodburn, OR: 2430 SF KFC on ½ acre parcel just off I-5 exit in South of Portland. 20 yrs NNN lease with 17 yrs left. NOI $87K/yr. $1.116M. 7.8% cap.


7. Gold’s Gym in San Antonio, TX: 43,548 SF gym on 2.78 acres lot just off Loop 410 exit. 100% NNN leased till 2013. NOI $275K/yr. $3.35M. 8.41% cap.
   Corp run location with below market rent (est. by 40%): upside potential
   - Tenant spent $300K in improvements last year: indication of long term commitment.
   - Great location: near country club, TX University Health Center and Methodist Hospital.
8. Commercially-zoned land in Gilroy, CA: 1.67 acres lot at the corner of Hwy 152 and Santa Theresa and near Hwy 101. $2M.


9. Cy-Fair Urgent Care Center in Cypress, TX: 7200 SF Urgent Care clinic built in 2007 on 1.07 acres parcel in a fast growing (71% since 2000) and wealthy Houston metro. 100% NNN leased till 2015. NOI $169K/yr. $2.256M. 7.5% cap.
   Tenant in a growing, profitable and recession-proof business

© 2008 eFunding Inc. All rights reserved.

Best picks of 09-11-08

1. Taco Bell in Phoenix, AZ: 2246 SF well-kept Taco Bell Restaurant with drive-thru located on intersection surrounded by many national tenants. 100% NNN lease. NOI $74K/yr. $900K. 8.28% Cap.
   - Densely populated area
   - Close to Loop-202/Route-51
   - Great frontage
2. Strip Center in Katy, TX: 15,000 SF attractive retail center on 1.67 acres built in 2005 at signalized corner. 100% Occupancy. NNN. NOI $254K/yr. $3.250M. 7.83% Cap.
   Located in wealthy(MHI $94K/yr) Houston suburb
   - Near I-99
3. Village Springs Center Altamonte Springs, FL: 5000 SF maintained strip center on ½ acre with stable tenants blocks from Hwy-434 in Orlando suburb. 100% NNN leased. NOI $73K/yr. $1.050M. 7% Cap.
4. Panera Bread Restaurant in Collinsville, IL: 4,585 SF Panera Bread Restaurant with drive-thru on .97 acre lot built in 2007 located just of I-55. 15 years absolute NNN lease. NOI $158K/yr. $1.875M. 8.44% Cap.
   - Corp guaranty with 5% rent increases every five years
   - Anchored by Wal-Mart/Home Depot
   - 10 miles east of St. Louis
5. Wendy’s Restaurant on Sunnyvale, CA: 2,500 SF well-maintained Wendy’s Restaurant on 1.03 acre lot. 100% NNN lease. NOI $129K/yr. $2.245M. 5.75% Cap.
   - Conveniently located between Hwy 101/237 & 880
   - Upside potential: tenant currently paying below market rent
   - Prosperous area (AHI $95K/yr within 1 mile radius)
6. Office Building in San Jose, CA: 11,358 SF 11 units office building on Hamilton Ave on .59 acre lot built in 1963 with plenty of parking. NOI $191K/yr. $2.799M. 6.83% Cap.
   - Only $246 per SF.
   - Affluent neighborhood (AHI $115K/yr within 1 mile radius)
   - Price Reduced
   - Irreplaceable location: close to The Pruneyard near Hwy-17
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-10-08

AHI: Avg Household Income
NOI: Net Operating Income
Please email brochure request to maria@efundingcom.com

1. Neighborhood Center in Farmington Hills, MI: 10,707 SF mature shopping center on about 1 acre lot renovated in 2002. 100% Occupancy. NNN. NOI $160K/yr. $2M. 8% Cap.
   - Prime location: major thoroughfare on I-10
   - Prosperous area: AHI $126K/yr within 1 mile radius
2. Southeast Regency Retail in Pearland, TX: 19,384 SF stone/stucco good-looking strip center constructed in 2007. 95% Occupancy. NNN leases. NOI $421K/yr. $5.165M. 7.75% Cap. (Proforma)
   - Across from Shadow Creek center
   - On hwy-288
   - Affluent (AHI $111K/yr) growing (87.22% since 2000) Houston suburb
3. Strip Center in Lexington, NC: 31,200 SF strip center in 5.19 acres of land anchored by new 203,000 SF Wal-Mart and Lowe’s Home Improvement. 100% NNN leased. NOI $468K/yr. $6.039M. 7.75% Cap.
4. Pearland Corners II in Pearland, TX: 16,336 SF one year old retail center on 1.9 acres of land. 90% Occupancy. NNN leases. NOI $328K/yr (proforma). $4.027M. 7.75% Cap.
   · Anchored by Walgreen’s across the street from Wal-Mart
   · Good tenant mix
   · Wealthy Houston suburb (AHI $91K/yr)
5. Day Care Center in Raleigh, NC: 9,020 SF Kiddie Academy Day Care Center on 1.45 acres built in 2007. 15-year NNN lease with 2% annual increases. NOI $206K/yr. $2.750M. 7.5% Cap.
6. Shopping Center in Coppell, TX: 24,577 SF attractive multi-tenant shopping center on 2.54 acres of land. 93% Occupancy. NNN. NOI $429K/yr. $6M. 7.16% Cap.
   · 10 tenants to spread out the risk
   · Close to I-35, I-635 & Hwy 12
   · All tenants with excellent visibility
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-09-08

1. Crossroads II Shopping Center in Conroe, TX: 27,928 SF established center on 2.01 acres of land constructed in 1981 just blocks from I-45 in growing Houston suburb. 96% Occupancy. NOI $207K/yr. $2.675M. 7.75% Cap.
2. El Chico Restaurant in Mobile, AL: 6134 SF El Chico Restaurant on .97 acre lot. Long absolute NNN lease with 1.5% annual rent increases. NOI $119K/yr. $1.491M. 8% Cap.
   - Corp guaranty (Own & Operate over 75 locations)
   - Across from Colonial & Springfield regional malls
   - Just off I-65
3. Retail Center in Warren, MI: 29,700 SF attractive shopping center with great tenant visibility. NOI $195K/yr. $2.3M. 8.5% Cap.
   - Near Universal Mall
   - Growing/Densely populated area near I-75/696
   - Good tenant mix: Chinese Village, King Cellar, Hair Salon, Café and more.
4. Golden Corral Restaurant in Jonesboro, GA: 11,526 SF Golden Corral Restaurant on 6.69 acres built in 2004. 100% NNN leased. NOI $316K/yr. $4.335M. 7.3% Cap.
   - Great location: major commercial corridor (Tara Blvd)
   - Operated by the largest franchisee with more that 20 locations
   - Growing middle-class ($51K/yr) Atlanta suburb
5. Eagle Ranch Center in Katy, TX: 22,754 SF strip center in 2.17 acres of land built in 2005. 100% Occupancy. NOI $300K/yr. $3.760M. 8% Cap.
   - Strong tenant (national/local) mix: Chinese Restaurant, Wireless, Dental Office, Quizno’s, State Farm and Wamu.
   - Surrounded by many national retailers
   - High income neighborhood ($71K/yr within 1 mile radius)
6. Shopping Center in Rockford, IL: 20,620 SF well maintained retail center anchored by Ogli Supermarket on 2.5 acres of land built in 1999. 100% NNN leased. NOI $402K/yr. $5.360M. 7.5% Cap.
   - Ideally located on premier retail corridor with excellent visibility
   - Tenants benefit from traffic from being right in front of Kohl’s, Bed Bath & Beyond, TJ Maxx, Petco, OfficeMax and Michaels.
   - Good tenant mix: American Mattress, Chicago Home Fitness, Kinko’s and Men’s Warehouse
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-08-08

1. Goodyear Tire Store in Sugar Land, TX: 7568 SF single-tenant Goodyear constructed in 2003 on 1.46 acres lot in fast growing (57% since 2000) and affluent (AHI $112K/yr) Houston suburb. 100% NNN leased till 2018. NOI $151K/yr with 10% rent bump every 5 yrs. $2.05M. 7.41% cap.
2. Shopping center in Lewisville, TX: 32,177 SF multi-tenant shopping center on a corner lot. 83% NNN leased. NOI $310K/yr. $3.8M. 8.17% cap.
   - Growing Dallas metro, close to I-35E
   - Upside potential: $50K/yr more income when 100% leased. Only $118/SF!
3. Smokey Bones Bar & Grill in Orlando, FL: 7680 SF restaurant on 1.67 acres corner lot. 20 yrs absolute NNN lease. NOI $244K/yr. with 1.75% annual rent bump. $3.147M. 7.75% cap.
   - Great location: at the entrance of Waterford Lakes Town Center Mall.
   - Strong corp guaranty by company with 70 locations.
4. Retail center in Tempe, AZ: 35,490 SF retail center on 3.17 acres parcel as part of a larger shopping center. 100% NNN leased by 2 national tenants: Dollar Tree and Smart & Final. NOI $266K/yr. $4.1M. Buyer to assume $2.65M loan at low 6% interest.
   - Below market rent of $.62/SF: upside potential.
   - Potential for further development
   - Below replacement cost of $115/SF
5. Borders Books & Music in Brandon, FL: beautiful 22,420 SF 5 yrs old single-tenant book store on 2.2 acres lot near 970,000 SF Westfield Brandon Mall. 100% NNN leased till 2023. NOI $404K/yr with 7.5% rent increase every 5 yrs. $5.775. 7% cap.
   - Great location: fast growing (38% since 2000) Tampa metro
   - Great existing fixed rate loan at 6.04% interest for another 16 yrs.
6. Retail center in La Quinta, CA: 8200 SF brand new 4-unit strip center on 1 acre outparcel to a shopping center anchored by Home Depot and Smart & Final. 3 units leased with 1 unit avail. Proforma NOI $285K/yr. $4.05M. 7% cap.
   - Fast growing (56% since 2000) and wealthy (AHI 110K/yr) city
   - Great location: surrounded by Walmart, Costco, Sam’s Club, Target.
7. Office Building in Naperville, IL: 23,579 SF class A 2-story modern office building on 2.33 acres parcel in a wealthy Chicago suburb with AHI over $111K/yr. 88% occupied. NOI $329K/yr. $4.1M. 8.02% cap.
8. Hotel in Phoenix, AZ: 87 unit Mainstay Suites built in 1997 on 1.86 acres across the street from Metro Center Mall. NOI $748K/yr. $6.8M. 11% cap.
   Winner of Choice Preferred Platinum award in 2007
   Pool/Spa, Exercise room, business center, breakfast dinning room.
   
   
   © 2008 eFunding, Inc. All rights reserved.

Best picks of 09-05-08

Please email brochure request to maria@efundingcom.com
AHI: Avg Household Income

1. Shopping center in Plano, TX: 78,742 SF 12-unit recently re-developed shopping center on 7 acres parcel. Located in a fast growing and affluent Dallas suburb with AHI of $112K/yr within 5 miles radius. 92.5% NNN leased. Proforma NOI $915K/yr. $10.75M. 8.5% cap.
   - Anchored by Anna’s Linens, Famsa Furniture, and Patricia shoes all with 10 yrs leases.
   - Upside potential
2. Shopping center in Waukegan, IL: 27,687 SF well-maintained shopping center on 2.6 acres in stable Chicago metro. 88% occupied. NOI $354K/yr. $4.75M. 7.46% cap.
   - Below market rent means potentially higher cash flow
   - Only $171/SF means upside potential for appreciation
3. Medical Office building in Oakland, CA: rare 24,888 SF 4-story medical office building. 94% leased. NOI $437K/yr. $6.25M. 7% cap.
   - 1 short block from Alta Bates Summit Medical center
   - Close to I-580, I-980 & Bay Bridge. A short distance to San Fran.
   - Stable tenancy: average 14 yrs.
4. Medical building in Columbus, OH: single-tenant medical office building in Columbus suburb. 100% NNN leased. NOI $147K/year. $1.47M. 10% cap.
   - Near Mt Carmel East hospital.
   - Easy access to I-270
5. Rite Aid in Rochester, NY: 11,348 SF Rite Aid built in 2000 on 1.36 acres parcel. 20 yrs NN lease with 12 yrs remaining. NOI $348K/yr. $4.35M. 8% cap.
   - Secure investment: tenant in recession-proof business
   - 10% rent increase in 2011 means 8.8% cap then
6. Smokey Bones Bar & Grill in Fairview Heights, IL: 8571 SF restaurant on 1.67 acres of land in St Louis metro. 20 yrs absolute NNN lease. NOI $174K/yr. with 1.75% annual rent increase. $2.117M. 8.25% cap.
   - Bustling retail area: close to St Clair Square Mall and Market Place Mall
   - Strong corp guaranty by an entity with 70 locations and $10 Million equity
   - Location with strong annual gross revenue of $2.63M: you will get your rent check
   - No landlord responsibilities: ideal for investors with a busy career
7. Shopping center in Parker, CO: 12,445 SF retail center in a booming (69% growth since 2000) and affluent Denver suburb with AHI of $101K/yr within 5 miles radius. 100% leased. NOI no avail. $1.9M.
8. Quality Inn & Suites in Arlington, TX: 119 units mostly 2-room suites on over 3 acres of land in a growing and strong income Dallas metro. $5.69M.
   - Near new Cowboy stadium
   - Tennis & basketball courts, swimming pool, exercise facility, guests laundry, meeting rooms.
   - On State Hwy 30 with easy access to I-30
   
   © Copyright eFunding, Inc. 2008

Best picks of 09-04-08

1. Childcare Retail Building in Independence Township, MI: 12,500 SF The Learning Experience childcare retail building recently constructed. New 15 years NNN lease. NOI $297K/yr. $3.3M. 9% Cap.
   - Close to I-75/M-15
   - Prosperous neighborhood (AHI $124K/yr. within 1 mile radius) Detroit suburb
   - Across Pine Knob Golf Course
2. Day Care Center in Las Vegas, NV: brand new 11,417 SF Tutor Time day care center on .92 acre lot. 15 years NNN lease. NOI $319K/yr. $4.560M. 7% Cap.
   - 2nd largest child care in the US
   - Stable residential area
   - Close to Hwy-215
3. Vantage Point Office Building in Colorado Springs, CO: 30,995 SF well maintained two brick buildings on 2.14 acres of land. 79% Occupancy. NNN. $2.475M. 8.41% proforma Cap. - Located at busy intersection near Hwy-83/I-25
   - Growing middle-class (AHI $67K/yr) neighborhood
   - On main thoroughfare
4. Fast Food Restaurant in Huntington Beach, CA: 2781 SF mature Carl’s Jr. Restaurant recently remodeled. NNN lease till 2020 with rent increases. NOI $50K/yr. and increase to $72K/yr in 2015 $920K. 5.5% Cap now and 7.8% in 2015.
   - Stable location: occupying building since 1974
   - Located in hard corner in a affluent Orange county
   - Anchored by a busy shopping center
5. Retail center in Stockton, CA: 5963 SF four tenant attractive strip center built in 2004 anchored by Food 4 Less across Save Mart, TJ Max, Toys R Us & Longs Drugs. 100% Occupancy. NOI $219K/yr. $3.130M. 7% proforma Cap.
   - Prime retail location at signalized intersection
   - Stable brand name tenants: Starbucks, Game Stop (Corp guarantee) T-Mobile & Cleaners
   - Close to I-5 and Hwy 99
6. Arden Howe Plaza in Sacramento, CA: 59,082 SF stable neighborhood shopping center on 5.68 acres of land. 96% Occupancy. NOI $953K/yr. $11.9M. 8% Cap.
   - Less that 1 mile from I-80
   - Blocks from Arden Fall Mall
   - Growing middle-class neighborhood (AHI $58K/yr)
7. Attractive Retail Center in Saginaw, TX: 10,500 SF well located strip center adjacent to O’ Reilly’s on 1 acre lot built in 2007. 90% Occupancy. NNN leases. NOI $171K/yr. $2.138M. 8% Cap.
   - Great frontage to Saginaw Blvd (US-81) near I-820
   - Good tenant mix: Little Ceasar’s, MetroPCS, EZ Money, Subway, Cleaners & Dental Office
   - Growing Fort Worth Texas suburb
8. Jiffy Lube in Arlington, TX: 1590 SF Jiffy Lube retail building on .45 acre lot constructed in 1987 surrounded by many national retailers. 20-years NNN lease with 1.5% annual rent increases. NOI $90K/yr. $1.1M. 8.18% Cap.
   - 3rd largest Jiffy Lube Franchisee currently operating over 112 stores
   - Located just off I-20 in growing Dallas/Fort Worth metro
   - Unusual corp lease guaranteed for first five years
9. Strip Center in Norcross, GA: 7,500 SF 3-tenant strip center on .94 acre lot built in 1994. $1.8M. 100% Occupancy. NNN. Good investment of 1st time investors. NOI $142K/yr. 7.9% Cap.
   - Anchored by Kroger Supermarket
   - Long term leases
   - Growing Atlanta suburb
10. King Plaza retail center in Houston, TX: 17,150 SF busy retail center on 1.3 acres of land across from new Sonic. 100% Occupancy. NOI $212K/yr. $2.6M. 8.17% Cap.
    - Growing development area
    - Great location near Tollway
    
    © copyright 2008 eFunding, Inc.

Best picks of 09-03-08

1. Lithia Oaks Business Center in Brandon, FL: 24,680 SF beautiful office building on 2.83 acres of land constructed in 2006. 96% Occupancy with 3%-4% annual increases. NOI $285K/yr. $3.350M. 8.53% Cap.
- Location: About .8 miles (3 minutes) from Brandon Regional Hospital, Tampa metro
- Near I-60
- Separate meters/entrances on all suites
2. La-Z-Boy in Morrow, GA: 17,930 SF La-Z-Boy Furniture retail building recently remodeled with about $400,000 in improvements. 100% NNN leased. NOI $310K/yr. $3.765M. 8.25% Cap.
- Outstanding location: Outparcel of South Lake Mall
- La-Z-Boy Corporate Lease
- 2008 Top performing store
3. Higley Marketplace in Gilbert, AZ: 13,635 SF upscale shopping center constructed in 2006 anchored by upscale fitness center. NNN leases. NOI $327K/yr. $4.679M. 7% Cap.
- Located across new Banner Gateway Medical Center
- Close to US-60
- Strong income neighborhood: AHI $94K/yr within 1 mile radius
4. Retail Center in Brentwood, CA: brand new 8,584 SF attractive Tuscan Architecture retail center on .87 acre lot. 100% NNN leased. NOI $265K/yr. $3.788M. 7% Cap.
- Adjacent to new Walgreens Drug Store
- Good tenant mix: It’s a Grind, Numero Uno, Cleaners, Nails and Diggers Diner
- Situated at signalized intersection with great access from three streets
- Growing (47.62%) high income area (AHI $93K/yr)
5. Pep Boys Supercenter in Stockton, CA: 20,923 SF Pep Boys Supercenter retail building on 1.43 acres of land. 100% NNN leased with 1.5% annual rent increases. NOI $230K/yr. $3.685M. 6.25% Cap.
- Corporate lease
- Pride of ownership
- Only $176 per sf
6. Applebee’s Restaurant in Victorville, CA: 5,086 SF Applebee’s Restaurant on 1.74 acre lot built in 2001. 100% absolute NNN lease. NOI $204K/yr. $3.4M. 6% Cap.
- Adjacent to Lowe’s and Kohls across from Regional Mall of Victor Valley
- Located in intersection of I-15 (Over 95,000 CPD)
- Leased till 2021 with 10% rent increase every 5-years+percentage rent clause
- Tenant is the 3rd largest restaurant franchisee
7. Strip center in Norcross, GA: 7,500 SF 3-tenant strip center on .94 acre lot built in 1994. $1.8M. 100% Occupancy. NNN leases. Good investment of 1st time investors. NOI not provided.
- Anchored by Kroger
- Long term leases
- Growing Atlanta suburb
8. Shopping Center in Phoenix, AZ: 28,363 SF well established shopping center. 97% Occupancy. $5.075M. Only $175 per sf. NOI not provided.
- Great potential: rent below market rent
- Near US-60

© Copyright eFunding, Inc.

Best picks of 09-02-08

1. King Plaza Center in Houston, TX: 17,150 SF strip center on 1.3 acres lot built in 2000. 100% Occupancy. NOI $212K/yr. $2.6M. 8.17% Cap.
   9-tenant to spread out the risk
   - Good visibility: Large Pylon Sign
   - Close to Sam Houston Tollway E
2. Valley & Rigsby Shops in Las Cruces, NM: 7,000 SF 2-years old strip center on over 1 acre lot with 4 tenants. 100% Occupancy. NNN leases. NOI $210K/yr. $2.745M. 7.65% Cap.
   - Good location: Off of I-10
   - Anchored by Super Mal-Mart
   - National/Local tenants: Starbucks, Cricket Wireless, Play N Trade & Barber
3. Joe’s Crab Shack in Duluth, GA: 9160 SF Joe’s Crab Shack Restaurant on 2.03 acres. 20 yrs absolute NNN lease with 12 yrs left. NOI $157K/yr. Just reduced to $2.1M from $2.34M. 7.54% Cap. Why buy this.
   - Low risk investment: lease guaranteed by strong credit tenant with 120+ locations in the US
   - Great location: signalized intersection close to I-85 and Gwinnett Place Mall anchored by Macy’s
   - Fast growing Atlanta suburb. Land alone is valued at over $1.5M
4. Retail Center in Lone Tree, CO: 3,750 SF attractive retail center recently constructed. Brand new 5-year leases with annual escalations. 100% NNN leased. NOI $105K/yr. $1.448M. 7.25% Cap.
   - Near I-25/470
   - Desirable location: adjacent to the Park Meadows Mall
   - Growing & High Income (AHI $103K/yr within 3-mile radius)
5. Japanese Cuisine Restaurant in Coral Springs FL: 7,265 SF Benihana Restaurant on 1.9 acres of land currently being redeveloped. 100% NNN lased. NOI $259K/yr. $3.586M. 7.25% Cap. Buyer to assume $2.2m at 7.16%.
   - 20 year lease with 12% increases every 5-years
   - Corporate Lease Guaranteed
   - Great location: an a prime commercial corridor just blocks from Coral Square Mall
6. Gateway Park Retail Center in Aurora, CO: 8,000 SF well situated multi-tenant strip mall with stable tenants. 100% NNN leased. NOI $177K/yr. $2.440M. 7.25% Cap. Buyer to assume loan at 6.60%.
   - National tenants: Ted’s Montana Grill, Quiznos & Einstein Brother’s Bagels
   - Stable tenants: Occupying building since 2003
   - Growing middle-class (AHI $62K/yr) Denver suburb
   - close to I-70
7. : 6,000 SF Blockbuster retail building constructed in 1997 anchored by SaveMart grocery store. 100% NNN leased. NOI $ 124K/yr. $1.779M. 7% Cap.
   - Across the street from Walgreen’s Pharmacy
   - Stable middle-class neighborhood
   - Surrounded by many national retailers
   
   © Copyright eFunding, Inc. 2008