Top 5 retail properties of 11-24-08

1. Shopping center in Katy, TX: 41,232 SF shopping center on 3.5 acres of land built in 1984 near I-10 in fast growing Houston suburb. 92% NNN leased with strong tenant mix. NOI $339K/yr. $3.750M. 9.07% Cap.
   Strong national/local tenants mix: Subway, Hair Salon, VIP Liquor, Dollar General, Dental, Meat Market, The Academy and Taqueria.
2. Avalon Plaza in Carson, CA: 15,577 SF mature shopping center on .95 acre lot at signalized intersection with easy access to Fwy-405. Across from South Bay Pavilion Mall in densely populated Los Angeles county. 100% NNN leased. NOI $437K/yr. $6.2M. 7.06% Cap.
3. Fast food restaurant in Paramount, CA: 2978 SF Jack in the Box Restaurant on .47 acre lot. Long absolute NNN lease. NOI $110K/yr. $1.732M. 6.35% Cap.
   Restaurant has occupied location since December 1980
   Corporate guarantee (BB+)
   Outparcel to a 94.841 SF shopping center
4. Medical Office in Folsom, CA: 8000 SF beautiful medical office built in 1998 located in prosperous (AHI $103K/yr. within 1 mile radius) neighborhood. NOI $167K/yr. $2.775M. 7% proforma Cap.
   100% NNN leased to doctors who specialize in Family Practice, Sports Medicine, Maternity, Dermatology, Laser Surgery and Laser Cosmetics.
5. Shopping center in Anaheim, CA: 8,050 shopping center on a major artery close to I-5 and Hwy 91. 100% Occupancy. NOI $95K/yr. $1.8M. 5.31% Cap.
   Strong upside potential when converting leases from gross to NNN.
   Just $225/SF.
   

Best Retail Properties 11-21-08

1. Rare KFC restaurant in Santa Monica, CA: 1370 SF restaurant on 1/3 acre lot in a densely populated wealthy (AHI $143K/yr) coastal city with over 530K resident within 5 miles radius. Minutes from the ocean. 100% NNN leased till 2015. NOI $53K/year with minimum 10% rent increase in Jan 2010. $1M. 5.28% cap.
2. Jack In the Box in San Diego, CA: 1349 SF restaurant on 1/3 ac lot. 100% NNN leased till 2018. NOI $72K/yr. with rent bump every 5 yrs. Buyer may assume $549K loan at low 6% interest due in 11 yrs. $1.166M. 6.25% cap.
3. Shopping center in Rancho Cucamonga, CA: 20,516 SF retail center on over 2 acres lot in boom town (46% growth since 2000) city in Inland Umpire. Anchored by Big Five Sports. Part of a larger shopping complex anchored by Targets, Michaels, Ross, Bally’s Fitness. 95% NNN leased by 9 tenants with just one small vacant unit. NOI $472K/yr. $6.95M. 6.8% cap.
4. Medical office building in Folsom, CA: 8000 SF 10-yr old medical building in a booming (78% growth since 2000) & middle class (AHI $103K/yr) Sacramento suburb. 100% leased. Tenants include doctors in Family practice, Sports medicine, Maternity, Dermatology, Laser surgery and Laser Cosmetics. NOI $167K/yr. $2.775M. 7% cap.
5. La Petite Academy in Chandler, AZ: 10,000 SF brand new childcare center in an explosive growth area (418% since 2000). 15 yrs NNN leased by a national day care center tenant. NOI $260K/yr. $3.448M. 7.54% cap.
6. Shell Gas Station in San Francisco, CA: Shell service station on .6 ac parcel on Mission Street. $4.8M.
7. Ashley Furniture in Jacksonville, FL: 45,000 SF furniture show room built in 2005 as part of a 150-retailer center anchored by Dillard’s, Target, Barnes & Noble, Petsmart, and Staples. 100% NNN lease with corp guaranty. NOI $679K/yr with 10% rent bump every 5 yrs. $7.761M. 8.75% cap.
   
   © copyright 2008 eFunding Inc.

Best Retail Properties 11-20-08

1. Burger King in Montgomery, IL: 2660 SF brand new restaurant on an out parcel to a Wal-mart Supercenter in fast growing Chicago suburb. 20 yrs absolute NNN lease. NOI $233K/yr. $2.906M. 8% cap. Tenant with recession resistant business.
2. Shopping Center in Beaumont, TX: 23,524 SF upscale shopping center built in 2007 on 3.26 acres parcel in an affluent area with AHI over $100K/yr. Anchored by PF Chang’s Pei Wei. 100% NNN leased. NOI $434K/yr. $5.25M. 8.28% cap.
3. Professional Plaza in Phoenix, AZ: 40,000 SF 5-building medical complex built in 1995 in the high-income SW part of Phoenix with AHI over $99K/yr. 92% leased with actual NOI of $592K/yr. $7.4M or 8% cap.
4. Strip center in Tampa, FL: 9600 SF retail strip built in 2007 on over 1 acre lot just a couple blocks from Westfield Citrus Park Mall. 100% NNN leased by 5 good tenants with Quest Diagnostics being the anchored tenant. NOI $266K/yr. $3.547M. 7.5% cap.
5. Applebee’s restaurant in Virginia Beach, VA: 4201 SF restaurant on 1.34 acres pad to Target and across the street from Kmart supercenter in a prime commercial district just off I-264. 20 yrs absolute NNN lease. NOI $173K/yr. $2.31M. 7.5% cap.
6. Wendy’s in Dallas, TX: 2500 SF restaurant constructed in 1995 on 1.1 acres out parcel to a Sam’s Club just off I-20 off-ramp. 20 yrs absolute NNN lease by a very experienced franchisee. NOI $157K/yr. $2.098M. 7.5% cap.
   
   © Copyright eFunding Inc 2008

Top Retail Properties 11-19-08

1. Goodyear Tire in Morgan Hill, CA: 7,946 SF tire and auto retail building on .54 acre lot constructed in 1984 located Monterey Hwy. 100% NNN leased. NOI $70K/yr. $1.012M. 7% Cap.
2. Beautiful shopping center in Fayetteville, GA: 10,414 SF strip center on 1.77 acre lot built in 2003 in a main thoroughfare just off Hwy-54. 73% Occupancy. NNN. NOI $124K/yr. $1.550M. 8% Cap.
   Upside potential when fully leased
3. Meadowview Plaza in Tampa, FL: one year old 9,600 SF beautiful strip center on over 1 acre lot fully leased with five strong tenants blocks from Westfield Shopping Town. 100% NNN leased. NOI $266K/yr. $3.547M. 7.5% Cap.
4. Strip Center in Sioux City, IA: 19,881 SF nice looking center built in 2004 on 1.78 acres out parcel to a Wal-Mart center with national/local tenant mix. 100% NNN leased. NOI $219K/yr. $2.441M. 9% Cap.
5. Arsenio’s Mexican Restaurant in Chico, CA: 1643 SF Mexican Food Restaurant recently renovated close to North Valley Plaza Mall. Long absolute NNN lease with 3% annual rent bump. NOI $95K/yr. $1.060M. 9% Cap.
   Stable tenant with 8 locations
   Standalone building with drive-thru
6. Day Care Center in Spring Hill, TN: 7839 SF Day Care Building on over 1 acre lot built in 2002 located in middle-class (AHI $67K/yr.) growing (1,470% within 1 mile radius) area. 100% NNN corp leased with 2% rent increases. NOI $94K/yr. $1.2M. 7.88% Cap.
7. Saxon Plaza Shopping Center in Deltona, FL: 16,710 SF attractive shopping center on 3.49 acres of land located just off of Hwy 4. 95% Occupancy. NNN. NOI $ 200K/yr. $2.675M. 7.5% Cap.
8. Office Building in Henderson, NV: 25,248 SF beautiful office building constructed in 2001 on 2.61 acres of parcel with tremendous upside potential. 100% Occupied. NNN leases. NOI $431K/yr. $5M. 8.63% Cap.
   
   © Copyright eFunding Inc 2008

Top 9 retail properties 11-18-08

1. Shopping Center in Chattanooga, TN: 12,500 SF strip center built in 2006 on 1.75 acres outparcel to Home Depot/Lowes. Across from Hamilton Place Mall near I-75. 100% NNN leased. NOI $223K/yr. $2.650M. 8.42% Cap.
2. Jack in the Box Restaurant in Houston, TX: 3355 SF Restaurant on a major thoroughfare with excellent visibility from Hwy-59. Long corp NNN lease. NOI $90K/yr. $1.210M. 7.5% Cap.
   Restaurant has been in this location since the mid-1960s.
3. Coal Mine Shops in Littleton, CO: 7559 SF strip center on 1.31 acres of lot built in 2000 with national tenants in a well-off (AHI $92K/yr within 1 mile radius) Denver suburb. 100% NNN leased. NOI $179K/yr. $2.150M. 8.36% Cap.
   Adjacent to Walgreens/across from Kroger Center
   Center always 100% leased.
4. Medical Retail Building in Cypress, TX: 9230 SF multi-tenant medical building next to Walgreens built in 2005. 100% NNN leased. NOI $166K/yr. $2.130M. 7.8% Cap.
   Stable tenants: Cy-Fair Medical Partners, totally owned by subsidiary of Tenet Healthcare corp. and FastBraces, Orthodontics Practice with currently 15+ practices.
5. Shopping Center in Lancaster, CA: 32,662 SF shopping center on 2.37 acres parcel constructed in 2005 & anchored by Dollar Tree on major signalized intersection. 100% NNN leased. NOI $378K/yr. $5.658M. 6.69% Cap.
6. Beautiful Shopping Center in Frisco, TX: 22,028 SF attractive 10 yrs old shopping center on 2.69 acres lot in an affluent (AHI $110K/yr within 1 mile radius) area. 91% Occupancy. NNN. NOI $368K/yr. $4.5M. 8.19% Cap.
   Good tenant mix: Auto Zone, Pizza, Nail Salon, Pro Cuts, Orthodontist, Tanning salon, and more.
7. Shopping Center in Houston, TX: 7848 SF beautiful shopping center built in 2005 with monument sign for extra tenants visibility. 100% NNN leased. NOI $226K/yr. $3.015M. 7.50% Cap.
8. Strip Center in Port St Lucie, FL: 8140 SF strip center constructed in 2007 with national tenants. Actual NOI $174K/yr. $2.150M. 8.12% Cap.
   Upside potential when vacant unit is leased
9. Shops at Woodland Hills in Cordova, TN: 20,400 SF shopping center on 2.39 acres of land built in 2005 just off of Hwy-193 along major retail corridor. 100% NNN leased. NOI $306K/yr. $4M. 7.66% Cap.
   
   © Copyright 2008 eFunding Inc.

Top 9 retail properties 11-17-08

1. Shopping center in Fresno, CA: 36,501 SF retail center built in 1990 on a prime commercial corridor on West Shaw ave with easy access to hwy 99. 91% NNN leased by 10 tenants. Actual NOI $465K/yr. $5.819M. 8% cap.
2. Childtime Learning Center in Oceanside, CA: 8820 SF retail building on over 1 acre lot built in 2001. 100% absolute NNN lease with CPI increases. NOI $222K/yr. $3.068M. 7.25% Cap.
   - Corporate guarantee with 1,100 facilities nationwide
   - Located in wealthy neighborhood: AHI $80K/yr within 1 mile radius
3. Advance Auto Parts in San Antonio, TX: 7000 SF one year old Advance Auto Parts retail building on .97 acre lot situated on hard corner near I-35. 15-year NNN corporate guarantee. NOI $129K/yr. $1.682M. 7.68% Cap.
4. Retail Center in Hutto, TX: 19,287 SF nice-looking strip center on 1.69 acres of land build in 2004 with excellent visibility from Hwy-79 in fast growing area. NOI $270K/yr. $3.220M. 8.39% Cap. Buyer to assume $1.5M at 6.15% interest rate.
5. Strip Center in Sacramento, CA: 20,253 SF stable retail center on 1.28 acres of parcel on 1.28 acres with good tenant mix. 100% NNN leased. NOI $303K/yr. $3.536M. 8.57% Cap. Buyer to assume $2.350M. at 6% interest rate.
6. Shopping Center across Six Flags in Gurnee, IL: 19,865 SF shopping center on 1.38 acres of land constructed in 1986 across Six Flags Great America. 100% Occupancy. NOI $325K/yr. $3.616M. 9% Cap.
7. Shopping Center in Mission, TX: 13600 SF shopping center on 1.25 acres of land recently constructed anchored by Home Depot in growing/middle-class (AHI $58K/yr) area near I-83. 100% NNN leased. NOI $281K/yr. $3.633M. 7.75% Cap.
8. Retail Center in Cape Coral, FL: brand new 7,257 SF retail center on .74 acre lot anchored by Super Wal-Mart at signalized intersection. 100% NNN leased. NOI $223K/yr. $2.975M. 7.5% Cap.
9. Strip Center in Houston, TX: brand new 9,288 SF strip center in growing/middle-class (AHI $73K/yr. within 1 mile) neighborhood. 100% NNN leased. NOI $116K/yr. $1.5M. 7.79% Cap.
   
   © copyright 2008 eFunding, Inc.

How properties are selected

Every day there are about 200-300 new retail and office properties between $700K to $15M on the market in all 50 states, listed by various companies. Out of these hundreds of listings, only the top 5-10 properties make it to the list that you see on this blog. By focusing on the short list of best properties, you will save time and are more likely to be successful with your investments.

Here are the criteria of the selection:

1. Price range: most investors look for properties between $700K and $15M.
2. Property types: 1. most if not all investors of eFunding want to invest in retail properties and office buildings where tenants sign long term low-risk NNN leases, i.e. tenants pay for property taxes, insurance and maintenance expenses, in favor of landlords. They prefer not to invest in apartments where leases are mostly riskier gross, i.e. landlords pay for taxes, insurance and unpredictable maintenance expenses. Besides, apartment tenants normally don’t have much money which may affect their ability to pay the rent on time.
3. Cap rate: the return of investment must be “reasonable”, e.g. generally higher than the interest rate. The cap rate is typically lower in CA and higher in other states. However cap rate is not everything.
4. Property condition: investors prefer properties with little deferred maintenance.
5. Demographics: the selected properties tend to be in growing, high income and bigger cities/metros as they have better chance to appreciate and easier to find tenants. Besides they are easier to sell if needed.
   - You won’t see properties in an area where people are moving out, e.g. Detroit downtown. These properties are easy to buy but hard to sell. In addition, it’s hard to get attractive financing, if at all, for these properties.
   - Properties in a middle of nowhere won’t make it to the lists. These are also easy to buy but hard to sell
   - Properties in cities where the average household income is way below the national average, e.g. $28,000/year, also won’t make it to the list as these are most likely high-crime areas.
6. Occupancy: close to 100%.
7. Good Visibility: properties tend to have most if not all units facing the road to show case the tenant businesses. Tenants love visibility. What’s good for tenants is also good for investors.
8. Great locations: properties on a major artery with heavy traffic, near the freeway exit, on corner lot, near a mall, on an outparcel to a shopping center.
9. Land: if land is not included then it does matter how beautiful the property is, it will not be selected. This is the type of property that is easy to buy but hard to sell.
10. Lease Type: most likely NNN leases.
11. Parking spaces: at least 4 spaces per 1000 SF of leasable space.. It’s hard to lease a retail property unless it has sufficient parking spaces.
12. Age: not over 20 yrs old unless the property is well-maintained or recently renovated.
13. Price per Square foot: sometimes a property is selected because the price per SF is low, e.g. less than $200/SF for a retail property in California. The main reason for the selection is appreciation potential.
14. Low rent: there is upside potential if the rent is below market. When the leases expire, the rent is adjusted to market rent which increases the value of the property.
15. Financing: sometimes a property may be selected because it offers attractive financing. For example, the seller is willing to carry 80% LTV at low interest rate or buyer can assume a loan at 5.5% interest, fixed for 10 years. This in turn may increase the overall return or cash on cash. On the other hand, a property may be screened out because it is difficult to get reasonable financing. For example, in this tight credit market it is extremely difficult to get financing for a single-tenant mom-and-pop restaurant.

(c) copyright eFunding, Inc. 2008

Top Retail Properties 11-14-08

1. Jack In The Box in Canoga Park, CA: 2260 SF restaurant on ¼ ac lot in a densely-populated city in Los Angeles with over 430K residents within 5 miles radius. 100% NNN leased till 2015. NOI $84K/yr with CPI-based annual rent increase. $1.35M. 6.25% cap.
2. Rite Aid in New Bern, NC: 13,813 SF built in 2005 on 1.53 acres lot on a main commercial corridor in a growing coastal town. 100% NNN lease with 17 yrs remaining. NOI $398K/yr. $4.977M. 8% cap. Buyer to assume $3.946M non-recourse loan at low 5.95% interest fixed for 7 yrs. Over 10% cash on cash!
3. Shopping Center in Kissimmee, FL: brand new 20,948 SF shopping center in a fast growing Orlando suburb. Within walking distance to Osceola Regional Medical center. Only $1.8M. Less than $86/SF! Potential 15% cap!
4. Kmart in Perrysburg, OH: 91730 SF Kmart on 11.54 acres lot just off I-75 exit in a high income Toledo suburb. 100% NNN leased with 5 yrs left. NOI $366K/yr. $4.575M. 8% cap.
5. IHOP restaurant in Greensboro, NC: 4976 SF 1yr old restaurant on 1.29 acres out parcel to a Wall-mart and Lowe stores. 100% NNN leased with 18 yrs left. NOI $216K/yr. with 10% rent bump every 5 yrs.$2.7M. 8% cap.
   
   © copyright 2008 eFunding, Inc.

Best Retail Properties 11-13-08

1. IHOP in Lexington, SC: 4972 SF 1-yr old IHOP restaurant on 2.24 acres parcel in a busy trade area across the street from Wal-mart, Home Depot & Food Lion supermarkets in a fast growing (40% since 2000) and high income (AHI $84K/yr) metro. 20 yrs NNN lease. NOI $212K/yr. $2.745M. 7.75% cap.
2. Fresh & Easy Grocery in Las Vegas, NV: 14,080 SF Fresh & Easy neighborhood market on 1.59 acres parcel. 20 yrs NNN ground lease (you own the land the tenant owns the improvements.) NOI $220K/yr. $2.933M. 7.5% cap.
3. Retail Center in Kennesaw, GA: 14,150 SF retail center built in 2003 on 1.59 acres parcel at a signalized corner in a fast growing and high income Atlanta suburban. 100% NNN leased by 13 tenants. NOI $288K/yr. $3.2M. 9% cap.
4. Shopping Center in Sacramento, CA: 31,920 SF shopping center on over 2 acres lot near Florin road and Hwy 99. Retn below market. NOI $243K/yr. $4.3M. Only $134/SF. Upside potential.
5. Jack In the Box in Plano, TX: 2397 SF 10-yrs old restaurant on 1.25 acres lot in a affluent Dallas suburb with AHI over $103K/yr. 100% corp lease with 8 yrs left. NOI $130K/yr. $1.734M. 7.5% cap.
6. Medical Plaza in Scottsdale, AZ: 20,440 SF 3-story medical plaza on 1.13 acres parcel in a growing and high income part of Phoenix metro. 100% occupied 5 medical tenants. NOI $250K/yr. $3.45M. 7.25% cap.
7. Medical office building in Sequim, WA: 5580 SF 3-unit medical office building in the suburb of Seattle. NOI $65K/yr. $845K. 7.63% cap.
   
   © Copyright 2008 eFunding Inc.

Best Commercial Properties 11-12-08

1. Dolly Creek shopping center in Birmingham, AL: 25,200 SF nice-looking retail shopping center on 3.35 acres of land ideally located near I-459. 100% NNN leased. NOI not provided. $ 5.3M. Buyer to assume $3.1M at 6.03%.
2. Woodforest shopping center in Houston, TX: 14,025 SF retail center at signalized corner anchored by Kroger Signature with mostly medical tenants. 100% Occupancy. NOI $226K/yr. $3.018M. 7.5% Cap.
3. Allris Plaza strip center in Ellenton, FL: brand new 18,681 SF strip center located on major retail thoroughfare close to Prime Outlet’s Ellenton near I-75. 91% NNN leased. NOI $377K/yr. $4.715M. 8% Cap.
   § Upside potential.
4. Steeplechase center in Houston, TX: 41,158 SF neighborhood center currently accommodate to medical business near hospitals situated at signalized intersection/great visibility to major thoroughfare near Hwy-59. 95% Occupancy. NOI $513K/yr. $6.3M. $8.14% Cap.
   
   © Copyright 2008 eFunding Inc.

Best Commercial Properties 11-11-08

1. Strip center in Dallas, TX: 10,429 SF strip center built in 2005 on a outparcel to a shopping center anchored by Wal-mart and Sam’s club next to I-30. 100% NNN leased by 5 good national & regional tenants: Monarch Dental, Check into Cash, Foot Locker, Pizza Hut, and Metro PCS. NOI $212K/yr. $2.727M. 7.78% cap.
2. Professional Building in Keller, TX: 22,400 SF upscale 2-story office building in a fast growing (56% growth since 2000) and affluent (AHI $115K/yr) Dallas suburb. 90% NNN leased. NOI $256K/yr. $3.2M. 8% cap.
3. Fast Food restaurant in San Jose, CA: 1660 SF restaurant located at the corner of De Anza Blvd & Hwy 85. High AHI of $144K/yr. within 3 mile radius. Has short remaining lease term. Can be adapted to other usage. NOI $82K/yr. $1.375M.
4. Burger King in Houston, TX: 2929 SF Burger King restaurant on 1 acre lot with I-10 frontage with over 144K cars per day. New 20 yrs absolute NNN lease by an operator with 50 locations. NOI $114K/yr. $1.579M. 7.25% cap.
5. Medical office building in Jacksonville, FL: 22,429 SF class-A medical multi-tenant office building constructed in 1999 on 3.21 acres parcel in a stable and strong income area of city. Easy access to I-95. Anchored Océ Imagistics, an international company with $3.5B in revenue. 100% NNN leased with below market rent. NOI $228K/yr. $2.954M. 7.75% cap. Upside potential.

© Copyright 2008 eFunding Inc.

Best Retail Properties 11-10-08

1. Shopping center in Las Vegas, NV: 29,735 SF shopping center 2 acres lot on a major artery just off I-515 exit. Anchored by Supermercado Rincon Latino with 3 locations in Las Vega. 75% leased. Actual NOI $461K/yr. $5.955M. 7.75% cap. Upside potential when 100% leased.
2. Rite Aid in Virginia Beach, VA: 12,739 SF Rite Aid pharmacy built in 2000 on 1.5 acres lot right off I-264 exit in high income area. 20 yrs NNN leased till 2020. Store with strong sales of over $11.5M/yr. NOI $374K/yr. $5M. 7.48% cap. Buyer to assume $3.15M loan at low 5.53% interest till 2013.
3. Rite Aid in Clarksville, TN: 14,564 SF brand new pharmacy on 2 acres lot in a growing town. New 20 yrs NNN lease. NOI $383K/yr. $4.783M. 8% cap.
4. Blockbuster in San Jose: 6033 SF Blockbuster on .6 acres pad site in front of Target at the corner of Capitol, Mckee & I-280. 100% NNN leased till 2013 with below market rent. NOI $116K/yr. $2.4M. 4.84% cap.
5. Rite aid in Canton, OH: 11,335 SF Rite Aid suite in 1997 on 1.59 acres corner lot. 100% NNN leased till 2017. NOI $180K/yr. $1.904M. 9.5% cap.
   
   © Copyright 2008 eFunding Inc.

Top Commercial Properties 11-07-08

1. Urgent Care center in Charlotte, NC: 3493 SF Nextcare Urgent Care center built in 2002 In a fast growing city. 100% NNN corp leased till 2015. NOI $99K/yr. with 2.5% annual rent bump. $1.287M. 7.75% cap.
   · Recession-proof business
2. Retail center in Gilbert, AZ: 6485 SF single-tenant retail center built in 2006 on 1 ac lot in a booming (51% growth) and high income Phoenix suburb. 100% NNN till 2015. NOI $158K/yr. $2.05M. 7.75% cap.
3. Shopping center in San Diego, CA: 56,006 SF shopping center on 4.91 acres parcel near Sea World. 97% NNN leased. NOI $1.124M. $12.5M. 9% cap.
   · Anchored by Petsmart
   · High barriers to entry location
   · Next to center anchored by Home Depot, Target, Vons, 24-hr Fitness, Walgreens, TJ Maxx.
4. Office building in Plano, TX: 21,500 SF office building on 2 acres parcel in a affluent Dallas metro with AHI of $128K/yr. 100% NNN leased by Lillibridge Healthcare Services till 2014. NOI $410K/yr. $4.46M. 9.2% cap.
5. Retail property in Fort Collins, CO: 10,474 SF retail center built in 2006 North of Denver. 100% NNN leased by 2 tenants. NOI $98K/yr. $1.145M. 8.6% cap.
   
   
   © Copyright 2008 eFunding Inc.

Top Commercial Propeties 11-06-08

1. Sports Authority in Wichita, KS: 52,259 SF single-tenant building on 5.6 acres parcel in a stable and strong income area near Wichita State University. 100% long term NNN corp leased. NOI $511K/yr. with 10% rent bump every 5 yrs. $6.6M. 7.75% cap.
2. Jiffy Lube in Mesa, AZ: 1670 SF Jiffy Lube on a pad to a shopping center near Hwy 60. 15 yrs absolute NNN lease by an operator with 60 locations. NOI 96K/yr with 10% rent bump every 5 yrs. $1.23M. 7.8% cap.
3. Retail center in Loganville, GA: 12,000 SF retail center built in 1989 on 1.4 acres parcel in a booming town (49% growth since 2000) NE of Atlanta. 100% NNN leased. NOI $178K/yr. $2.15M. 8.3% cap. Buyer to assume $1.63M non-recourse loan at low 5.78% interest due in 2015.
4. Strip Mall in Cedar Hills, TX: 10,746 SF strip mall on .72 acres lot in Dallas metro. 100% NNN leased. NOI $78K/yr. Only $985K. 8% cap.
5. Shopping center in Wichita, KS: 14,291 SF 2-yrs old center on 1.66 acres of land in a affluent area (AHI over $111K/yr within 1mile radius.) 94% NNN leased by 6 strong tenants with just 800 SF unit vacant. NOI $206K. $2.43M. 8.5% cap.
6. Bowling Center in Moreno Valley, CA: 40,000 SF free-standing bowling center built in 1990 on 3 acres lot as part of a larger shopping center in a fast growing city. 100% NNN leased till 2020. NOI $322K/yr. $4.5M. 7.17% cap.
   · Located on major artery with easy access to I-215
   · Minimal landlord responsibilities.
7. Shopping center in Moreno, CA: 84,028 SF 27-unit shopping center on over 10 acres parcel. Anchored by 24-Hr Fitness. 94% NNN leased. NOI $966K/yr. $14M. 6.9% cap.
8. Long John Silvers restaurant in Santa Fe, NM: 3000 SF restaurant. New 15 yrs absolute NNN lease by a strong tenant that has been at this location since 1976. Property undergoing $450K renovation. NOI $69K/yr with 2% annual rent increase. Only $988K. 7% cap.
9. Shopping Center in Davis, CA: 21,239 SF shopping center on over 2 acres lot. 100% NNN leased by 8 tenants. NOI $237K/yr. $3.2M. 7.4% cap.
   
   © copyright 2008 eFunding Inc.

Best Commercial Properties 11-05-08

1. Medical center in Murrieta, CA: 18,480 SF brand new class-A medical office building on 1.64 acres parcel near Rancho Springs medical center. 100% leased. Fast growing & high income Riverside county. NOI $442K/yr. $5.95M. 7.44% cap.
2. Strip center in Rancho Mirage, CA: 5990 SF brand new upscale strip center in a booming area (47% growth since 2000) and affluent (AHI $113K/yr) city in Riverside county. Shadow anchored by Walgreens. 80% NNN leased with just 1 small vacant unit. Proforma NOI $183K/yr. $2.3M. 8% cap.
3. Shopping center in League city, TX: 28,140 SF upscale shopping center built in 2001 on 3.28 acres of land in a fast growing and affluent (AHI $110K/yr with 1 mile) Houston suburb. 96% NNN leased. NOI $526K/yr. $6.6M. 8% cap. Buyer to assume $3.7M loan at low 5.53% interest till 2014.
4. Shopping center in Las Vega, NV: 30,906 SF 3-building 17-unit retail center on 3.17 acres of land with all unit facing the main road. 88% NNN leased. NOI $504K/yr. $6.5M. 7.75% cap.
5. Office building in Rio Rancho, NM: 31,275 SF 3-story 10-yrs old class-a office building on 1.6 acres parcel in a fast growing and high income part of Albuquerque. 100% NNN leased. NOI $489K/yr. $6.495M. 7.75% cap.
6. Foreclosed Shopping Center in Bakersfield, CA: 32,874 SF shopping center built in 2006 on almost 3 acres of land. Anchored by a supermarket. 92% leased with just 2 small vacant units. Proforma NOI $400K/yr. $5M. 8% cap. Property being foreclosed. Strong upside potential!
   
   Copyright © 2008. eFunding Inc.

Best Commercial Propeties 11-04-08

1. Jim & Nick BBQ restaurant and bar in Birmingham, AL: 7556 SF franchised restaurant and bar on 1.86 acres parcel. 20 yrs absolute NNN corp lease. $NOI $140K/yr with 10% rent increase every 5 yrs. $1.647M. 8.25% cap. Store with strong $3.9M sales in 2007.
2. Shopping center in Plano, TX: 27,011 SF 8-yrs old inline shopping center shadow anchored by Albertsons Grocery. Located in an affluent (AHI $91K/yr) and fast growing Northern Dallas suburban (33% since 2000). 62% leased. Actual NOI $258K/yr. $3.75M. 6.89% cap. Only $138/SF. Strong upside potential.
3. Office Building in Walnut Creek, CA: 85,000 SF office building on 6 acres lot in a wealthy city with AHI of $120K/yr within 1 mile. 100% NNN leased by Fresenius Healthcare, an international company till 2012. NOI $1.7M. $13.6M. 12.57% cap.
4. Taco Bell in Phoenix, AZ: 2490 SF Taco Bell restaurant built in 2006 on a pad site in front of Costco just off Loop 101. 20 yrs absolute NNN lease with 18 yrs left by an operator with 70 Taco Bells. NOI $126K/yr with 10% rent bump every 5 yrs. $1.95M. 6.5% cap.
5. Midas in Fort Meyer, FL: 4970 SF Midas store on ¼ acre lot on a heavy trafficked US 41 and across the street from Edison Mall. 100% corp leased till 2018. NOI $74K/yr with 4% rent bump every 2 yrs. $899K. 8.25% cap.
6. Retail Square in High Point, NC: 9750 SF strip center built in 2000 on over 1 acres of land near High Point Mall in the Greensboro suburb. 100% NNN leased by 7 tenants. NOI $135K/yr. $1.54M. 8.8% cap.
7. Retail Plaza in West Haven, NY: 23,500 SF retail plaza on 1.5 acres parcel with all units facing the main road in the New Haven metro. 100% leased. NOI $239K/yr. $3.4M. 7% cap.
8. Retail Office building in Cupertino, CA: rare 10,643 SF 5-yrs old building on Stevens Creek Blvd. NOI $272K/yr. $3.999M. 6.83% cap.
   
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Top Commercial Properties 11-03-08

1. Strip Mall in Converse, TX: brand new 8500 SF strip center in a fast growing San Antonio suburb. 100% NNN leased by 5 tenants. NOI $143K/yr. $1.909M. 7.5% cap.
2. Best Western Inn & Suites in Colorado Springs, CO: 84 room Best Western just off I-25 exit and near World Arena. NOI $425K/yr. $4.5M. 9.45% cap.
3. Shopping Center in Windsor, CA: 14,210 SF retail center built in 2002 on 1.41 acres outparcel to a Wal-mart & Home Depot anchored power center North of Santa Rosa in the wine country. 100% NNN leased by 5 tenants. NOI $396K/yr. $5.375M. 7.02% cap.
   · Just off Hwy 101 exit
   · Fast growing and high income area with AHI of $92K/yr.
4. Strip Center in McAllen, TX: 7000 SF brand new center on .75 ac lot shadow anchored by Sam’s club and Wal-Mart. Fast growing and high income area. 100% NNN leased by 6 tenants. NOI $174K/yr. $1.933M. 9% cap.
5. Burger King in Irving, TX: 3618 SF Burger King restaurant built in 1996 on 1.48 acres parcel in high income Dallas metro. 100% absolute corp leased with 11 yrs remaining. NOI $122K/yr. $1.688M. 7.25% cap.
6. Strip Mall in Westminster, CO: 4850 SF brand new strip center on .57 acres lot. 100% NNN leased by 3 tenants: Starbucks, T-mobile and Instant Tax. NOI $139K/yr. $1.985M. 7% cap.
7. Retail center in Shreveport, LA: brand new 5100 SF strip mall on a outparcel to a power center anchored by Super Target, Best Buys, Bed Bath 7 Beyond, and TJ Maxx. 100% NNN leased by 3 tenants. NOI $118K/yr. $1.575M. 7.5% cap.
8. Shopping Strip in Norcross, GA: 7500 SF retail center built in 1994 on .95 acres out parcel to a Kroger anchored shopping center in the fast growing Atlanta metro. Easy access to I-85. 100% NNN leased by 3 tenants. NOI $149K/yr. Priced reduced to $1.6M. 9.35% cap.
9. Retail strip in Lithonia, GA: 7242 SF retail strip built in 1996 on .89 acres lot in front of Kroger Supermarkets in Atlanta metro. 100% NNN leased by Blockbuster and Papa John Pizza. NOI $133K/yr. $1.407M. 9.5% cap.

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Top Commercial Retail 10-31-08

1. Medical Office Building in Sunnyvale, CA: 20,000 SF medical office building on 1.45 acres parcel in the heart of Silicon Valley. 100% NNN leased by Camino Medical Group, a division of the Palo Alto Medical Foundation. Easy access to Hwy 101 and Central Expressway. NOI and pricing not avail. 8% cap.
2. Neighborhood Center in Oklahoma City, OK: 92,665 SF well-maintained center on 6.63 acres lot at a hard corner in the better NW Oklahoma City. 94% leased. Actual NOI $853K/yr. $9M. 9.5% cap.
3. Strip Center in Palmdale, CA: 9500 SF strip center on ¾ acres lot in a prime commercial corridor in the city where B1 & B2 bombers are made. Anchored by 7-11. 100% NNN leased by 8 good tenants. NOI $213K/yr. $3M. 7.1% cap.
4. Professional Building in Clear Lake City, TX: 23,112 SF 2-story office building on 1.25 acres lot in a growing Houston suburb. 95% occupied. NOI $175K/yr. $2.085M. 9.1% cap.
   · Near Nasa Johnson Space Center
   · High income & growing area
   · Only $90/SF
5. Rite Aid in Myrtle Beach, SC: 12,728 SF Rite Aid Pharmacy built in 2000 on 1.65 acres lot in a fast growing coastal town. 20 yrs absolute NNN lease with 12 yrs remaining. NOI $285K/yr. $3.567M. 8%cap. Buyer to assume $2.1M loan at low 6.11% interest due in 19 yrs.
6. Neighborhood Center in Hampton, GA: 77,336 SF beautiful shopping center built in 1995 on over 10 acres lot on a major artery South of Atlanta. 94% NNN leased. NOI $853K/yr. $11.65M. 7.3% cap.
   · Anchored by Publix Supermarkets & Blockbuster Video.
   · Fast growing city
   · $8M assumable loan at 5.76% interest thru 2014: over 12% return on the 1st yr.
7. Burger King in Sheffield Village, OH: 2915 SF Burger King on aver 1 acres parcel in a high income & growing Cleveland suburb. Long term absolute NNN lease by an operator with 36 restaurants. NOI $75K/yr. $898K. 8.4% cap.
8. Best Western Hotel in Norcross, GA: 129 room Best Western Hotel on 1.92 acres lot just off I-85 exit in a fast growing North Atlanta. Avg daily rate $65. Gross annual revenue over $1M. $3.68M.

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Best Retail Properties 10-30-08

1. Shopping Center in Phoenix, AZ: 28,360 SF shopping center on a main artery in a densely populated area. 97% leased. NOI not avail. $5.075M. Only $179/SF!
2. Quality Inn in Fort Worth, TX: 99-room motel on over 2 acres parcel just off I-30 exit. NOI $270K/yr. $3.2M. 9% cap.
3. Shopping Center in Omaha, NE: 41,170 SF upscale shopping center on 3.91 acres lot just off I-680 exit. 95% NNN leased. NOI /yr. $7.315M. 7.4% cap.
   · Remodeled in 2008
   · Located in high income area.
4. Shopping center in Bellflower, CA: 20,600 SF retail strip on 1.31 acres corner lot in high income (AHI $71K/yr) area with over 700K residents within 5 miles ring. 90% leased. NOI $127K/yr. $2.3M. 5.54% cap.
   · Avg rent 60% below market
   · Only $111/SF: strong upside potential!
5. Shopping Center in Atlanta, GA: 40,798 SF 2-story retail center on 2.9 acres parcel in an affluent (AHI$105K/yr) North Atlanta. NOI $447K/yr. $5.775M. 7.75% cap.
   · Minutes from I-85 and GA-400
   · Many national tenants
6. Retail strip in Jonesboro, GA: 19,600 SF retail center on 2.1 acres lot on Hwy 138 in a growing Atlanta metro. 82% NNN leased. Proforma NOI $267K/yr. $3M. 8.9% cap.

© eFunding, Inc. 2008. All rights reserved.