Friday, January 30, 2009

Top 10 Properties 01-23-09

  1. Strip Center in Tempe, AZ: 9671 SF mature strip center on .91 acre lot at signalized intersection near I-10/US-60. NNN. NOI $98K/yr. $975K. 10.12% Cap.
  2. Shopping Center in San Antonio, TX: 32,567 SF shopping center on 5.40 acres of land at the intersection of L-1604/Hwy-281. 95% NNN leased. NOI $739K/yr. $8.5M. 8.71% Cap.
  3. Shopping Center in Downers Grove, IL: 31,196 SF shopping center on 4.5 acres of parcel recently renovated with excellent visibility. 95% NNN leased. NOI $486K/yr. $5.850M. 8.31% Cap.
  4. Neighborhood Center in Dublin, CA: 8420 SF 2-years old shopping center on .66 acre lot in growing/well off (AHI $92K/yr) neighborhood. 100% NNN leased. NOI $296K/yr. $4.417M. 6.7% Cap.
  5. Shops @ Trenton Crossings in McAllen, TX: 30,250 SF stunning shopping center on 4.4 acres of land built in 2006 shadow anchored by Target, Best Buy and more. 100% NNN leased. NOI $464K/yr. $5.807M. 8% Cap.
  6. Office Building in Evergreen, CO: 18,513 SF luxury 2-story office building constructed in 2000 located in the prosperous (AHI $194K/yr within 1-mile radius) foothills community of Evergreen, just west of Denver. 100% NNN leased to Bank of America. NOI $262K/yr. $3.270M. 8.04% Cap.
  7. Rite Aid Pharmacy in Alpharetta, GA: 13,813 SF pharmacy on 1.73 acres of parcel built in 2004 in fast growing and affluent Atlanta suburb. Long absolute NNN corp lease. NOI $312K/yr. $3.790M. 8.25% Cap.
    Recession proof tenant
    No options to terminated, purchase or first right of refusal
    One of the nations leading drugstore chains with more than 5,000 stores
  8. Rite Aid Pharmacy in Marietta, GA: 13,813 SF Rite Aid Pharmacy on 1.5 acres of land constructed in 2003 across from Publix Anchored Shopping Center in Atlanta suburb. Long absolute NNN corp lease. NOI $377K/yr. $4.570M. 8.25% Cap.
    No options to terminate, purchase or first right of refusal
  9. Brookwood Village in Rex, GA: 20,000 SF FORCLOSED nice-looking retail center on 2.62 acres of land built in 2005 near I-675/75 in fast growing area. $1.7M.
    Only $85 per SF
  10. National Medical Office in Mission, TX: 6370 SF medical office adjacent to Mission Regional Medical Center. 100% NNN leased. NOI $101K/yr. $1.199M. 8.5% Cap.

    © copyright eFunding, Inc. 2009. All rights reserved.

Thursday, January 29, 2009

Best 10 Retail Properties of 01-22-09

  1. Westfield Plaza in Katy, TX: 15,000 SF nice-looking shopping center on 1.98 acres of land built in 2005 with huge monument sign in fast growing (86.28%) middle-class (AHI $63K/yr) Houston outskirts. 100% Leased. NOI $212K/yr. $2.755M. 7.75% Cap.
  2. Office Building in Yuba City, CA: 5,882 SF two-tenant well maintained office building on corner of Hwy-99. 100% NNN leased. NOI $69K/yr. $997K. 7% Cap.
  3. Pep Boys Auto Center in Tucson, AZ: 22,815 SF single tenant building on 2.37 acres of land. New 15-years absolute NNN corp leased. NOI $254K/yr. $3.628M. 7% Cap.
  4. Per Boys Retail Center in Las Vegas, NV: 20,886 SF auto center on over 2 acres of parcel if fast growing area. New 15-years absolute NNN corp lease with 1.5% increases. NOI $300K/yr. $4.199M. 7.15% Cap.
  5. La Petite Academy in Chandler, AZ: brand new 10,000 SF national day care center in booming (1,251.55%) area at hard corner near Fwy-202. Long NNN lease. NOI $259K/yr. $3.448M. 7.54% Cap.
  6. Retail Building in Kennesaw, GA: 11,700 SF national tire & battery retail building just off of I-75. 100% NNN corp leased. NOI $139K/yr. $1.886M. 7.4% Cap.
  7. Retail Building in San Jose, CA: 1566 SF restaurant on .3 acre lot located at Capital Expressway and Center Road. $1.125M.
  8. Neighborhood Center in Knoxville, TN: 127,239 SF shopping center anchored by Toy’s R us near West Town Mall. 92% leased by national tenants. NOI $1,170M. $13M. 9% Cap.
  9. Office Building in San Antonio, TX: 11,932 SF attractive Multi-tenant office building on .84 acre lot next to San Antonio International Airport. NOI $103K/yr. $1.250M. 8.29% Cap.
  10. Medical Office in San Antonio, TX: 13,125 SF medical office just off of I-35. 100%. Long NNN lease with national medical tenant. NOI $226K/yr. $2.665M. 8.5% Cap.

© copyright eFunding, Inc. 2009. All rights reserved.

Wednesday, January 28, 2009

Best Commercial Properties of 01-21-09

  1. Shopping center in Decatur, GA: 18,210 SF shopping center built in 2006 on 3 acres parcel with excellent visibility in a fast growing & strong income Atlanta metro. Surrounded by Kroger Supermarket, Publix Supermarket, Walgreen’. 100% NNN leased by brand name tenants: Anytime Fitness, Little Caesars, Subway sandwiches, Smoothie King & Jackson Hewitt. NOI $350K/yr. $4.375M. 8% cap.
  2. Retail Condos in Loma Linda, CA: 5046 SF brand new multi-tenant retail condos in a fast growing city. 100% NNN leased by 3 good tenants: Quest Diagnostics, Firemen’s Credit Union, and Yogurtlicious. NOI $131K/yr. $1.694M. 7.75% cap!
  3. Retail Center in San Jose, CA: 12,711 SF strip center near I-680 and Capitol Expressway. 100% NNN leased by 8 tenants plus Cell tower. NOI $481K/yr. $5.85M. 8.25% cap.
  4. Shopping Center in Palm Coast, FL: 96,891 SF shopping center built in 2007 just off I-95 exit in a fast growing (80% since 2000) coastal town south of Jacksonville. Anchored by Belk Department Store and shadow anchored by Lowe’s and Wal-mart Supercenter. 100% NNN leased. NOI $773K/yr. $10.3M. 7.51% cap.
  5. Shopping Center in Suwanee, GA: 19,925 SF upscale shopping center on 2.47 acres lot in a booming (75% growth) and affluent (AHI over $108K/yr)Atlanta suburb. 100% NNN leased. NOI $454K/yr. $6.05M. 7.51% cap.
  6. Shopping center in Decatur, GA: 67,940 SF established shopping center at the intersection of 2 major arteries in a high income Atlanta suburb. 96% leased. NOI $392K/yr. $4.3M. 9.53% cap. Only $63/SF!
  7. Medical/Professional Office building In Northridge, CA: 34,275 SF 3-story office building on 1.69 acres corner lot in a wealthy (AHI $97K/yr) and densely-populated city in Los Angeles. 100% leased. NOI $747K/yr. $10.65M. 7.02% cap.
  8. Rite Aid in Marshfield, MA: 13,876 SF pharmacy on 3 acres lot in a very affluent (AHI over $107K/yr) Boston metro. New 20 yrs NNN lease. NOI $247K/yr. with 10% rent bump every 10 yrs. $3.15M. 7.85% cap.
  9. Damon’s Grille in Westerville, OH: 7055 SF restaurant on 1.64 acres parcel in a prime commercial corridor in a fast growing (48%) and affluent (AHI $108K/yr) Columbus metro. 20 yrs absolute NNN lease with corp guaranty. NOI $239K/yr. $2.594M. 9.25% cap.
  10. Starbucks Strip mall in Louisville, KY: 3659 SF strip center built in 2007 on .82 acre outparcel to Kroger supermarket anchored shopping center just off I-64. Affluent (AHI $94K/yr) area. 100% NNN leased by Starbucks and Jimmy John’s Gourmet Sandwiches. NOI $181K/yr. $2.25M. 8% cap.

© Copyright eFunding, Inc. 2009. All rights reserved.

Tuesday, January 27, 2009

How Properties Are Selected

Every day there are about 300-350 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.
Below are some of the selection criteria:
1. Price range: most investors look for properties between $700K and $15M.
2. Property types: 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.
16. Misc: A property could be selected or screened out for other reasons
· If a property has a dry cleaner with onsite cleaning, it will not be selected due to potential soil contamination by a chemical called Perc used in the cleaning process.
· A property in an affluent Santa Monica, CA could be selected simply because it’s rarely available.
· A vacant restaurant in front of a mall in San Francisco Bay Area could make the list because it may have lots of interests from investors in CA.

Best 6 Properties Among 280+ on 1/20/09

  1. Burger King in Houston, TX: 4770 SF restaurant built in 1997 on .82 ac lot just off US-59 exit with traffic volume of over 200K vehicles per day. New 20 yrs absolute NNN lease from an operator with over 50 locations. NOI $143K/yr. $1.978M. 7.25% cap.
  2. Midas in Fort Myers, FL: 4970 SF Midas on ¼ ac lot across the street from Edison Mall. 20 yrs NNN corp lease with 9 yrs remaining. NOI $77K/yr. Only $857K. 9% cap. Great for 1st time investors.
  3. Lone Star Steakhouse in Anchorage, AK: rare 10,768 SF restaurant in a growing city. 15 yrs NNN copr lease by a tenant with 180 locations and net worth of over $133M. NOI $275K/yr with 2% annual rent bump. $3.237M. 8.5% cap.
  4. Medical Office building in Tampa, FL: 25,008 SF medical office building on 3 acres parcel. 100% leased by medical tenants and national childcare provider Tutor Time.NOI $344K/yr. $4.3M. 8% cap.
  5. Texas Roadhouse restaurant in Palm Bay, FL: 7202 SF restaurant on 2.34 acres lot with I-95 visibility. 10 yrs NNN corp lease by Texas Roadhouse (NASDAG: TXRH). NOI $240K/yr. $3.1M. 7.75% cap.
  6. Franchised Hotel in San Jose, CA: 100-room hotel on 2.66 acres lot. $9.2M. 7% cap.

    © Copyright eFunding Inc 2009. All rights reserved.

Friday, January 23, 2009

Top 9 properties of 01-19-09

  1. Retail center in Midlothian, VA: 8773 SF retail strip built in 2003 on 1.38 acres outparcel to a 120,000 SF neighborhood center anchored by Kroger supermarket in a wealthy (AHI $115K/yr)Richmond suburb. 100% NNN leased with good tenants: Starbucks, Quiznos, Edward Jones. NOI $199K/yr. $2.6M. 7.7% cap. Buyer to assume $1.78M loan at low 5.33% interest.
  2. Office Building in Ann Arbor, MI: 20,453 SF class-A office building on 4.5 acres lot. 100% NNN leased by 2 US government agencies: Social Security Admin and the IRS. NOI $421KK. $4.95M. 8.5% cap.
  3. Shopping Center in Mesa, AZ: 82,373 SF shopping center on 8.7 acres corner in an establish, high-income (AHI $98K/yr) area in Phoenix. 96% leased with below-market rent. NOI $606K/yr. $7.35M. 8.25% cap.
  4. Econo Lodge at Atlanta Intl Airport, GA: 120 room motel on 2.35 acres parcel just off I-285/I-85 exit near Atlanta Intl Airport. NOI $302K/yr. $3.29M. 9.5% cap.
  5. Comfort Suites in Castro Valley, CA: 54 room 4-story Comfort Inn built in 2001 near I-580. $5.695M.
  6. Strip mall in Lake In The Hills, IL: 6600 SF 3-yr old strip center surrounded by Costco, Lowes, Walgreens, Sears in a high income (AHI $95K/yr) Chicago suburb. 100% NNN leased. NOI $213K/yr. $2.85M. 7.5% cap.
  7. KFC restaurant in Atascadero, CA: 3292 SF KFC built in 1999 on almost 1 acre lot just off Hwy 101 exit. New 20 yrs absolute NNN lease by an experienced operator with 78 stores. NOI $60K/yr with 1.5% annual rent bump. Only $894K. 6.7% cap.
  8. Walgreens in Atlanta, GA: 14,410 SF pharmacy in a very wealthy Northern Atlanta suburb with AHI of over $161K/yr with 1 mile radius. New 25 yrs NNN lease. NOI $463K/yr. $6.38M. 7.25% cap.
  9. Dialysis Center, CA: 7000 SF dialysis center near I-405 in a densely populated Los Angeles metro with 850K residents within 5 miles radius. 100% absolute NNN leased till 2015 by Renal Advantage, Inc., 4-th largest Dialysis provider in the US. NOI $164K/yr. $2.25M. 7.5% cap.

    © copyright eFunding, Inc. 2009. All rights reserved.

Thursday, January 22, 2009

Top 8 properties of 01-16-09

  1. KFC Restaurant in Albany, GA: 2256 SF KFC Restaurant in growing area. Absolute NNN lease by the by the larges KFC franchisee with more than 200 locations. NOI $85K/yr. $1.054M. 8.15% Cap.
  2. Strip Center in Lake In The Hills, IL: 6600 SF nice-looking retail center built in 2005 fully leased with national tenants. NNN. NOI $213K/yr. $2.850M. 7.5% Cap.
  3. Retail Center in Oklahoma City, OK: 11,800 SF attractive retail center with national credit tenants. NOI $185K/yr. $2.185M. 8.5% Cap.
  4. Shopping Center in Plant City, FL: 18,849 SF shopping center on 4.76 acres of parcel built in 2007 adjacent to Wal-Mart. 95% NNN leased. NOI $432K/yr. $5.410M. 8% Cap.
  5. KFC/A&W Restaurant in Marysville, CA: 3719 fast food restaurant on over 1 acre lot built in 2004 in fast growing middle-class neighborhood. 100% NNN leased. NOI $136K/yr. $2.068M. 6.6% Cap.
  6. Office building in Houston, TX: 23,112 SF well maintained professional building on 1.23 acres of land in affluent area. NOI $189K/yr. $2M. 9.5% Cap.
  7. Strip Center in San Bernardino, CA: 8403 SF strip center with excellent visibility at signalized intersection. 84% Occupancy. NOI $104K/yr. $1.6M. 6.5% Cap.
  8. The Learning Experience in Lemont, IL: brand new 11,000 SF day care center in growing/well off (97K/yr within 1 mile radius) city just off of I-355. 100% NNN leased. NOI $271K/yr. $3.5M. 7.75% Cap.

    © Copyright eFunding Inc 2009. All rights reserved.

Wednesday, January 21, 2009

Best Retail Properties 01-15-09

  1. Office Building in Yuba City, CA: 5352 SF 2-years old Class-A office building on .46 acre lot. 100% NNN leased by Venoco, Inc. NOI $89K/yr. $1.284M. 7% Cap.
  2. Fresh & Easy Grocery Store in Chandler, AZ: 15,000 SF grocery store on over 2 acres of land renovated in 2007 on prime retail location. 100% absolute NNN leased by a subsidiary of Tesco, the world’s 4-th largest retailer. NOI $301K/yr. $4.165M. 7.25% Cap.
  3. Retail Center in Lawrenceville, GA: 5800 SF attractive retail center on .66 acre lot built in 2007 shadow anchored by an expanding Aldi Grocery chain in fast growing area. 80% Occupancy. NOI $126K/yr. $1.407M. 9% Cap. Buyer to assume $1.020M at 6.6%.
  4. Amscot Financial Retail Building in Leesburg, FL: 4961 SF retail building on .98 acre lot at signalized intersection with great visibility to Hwy-441. 100% NNN leased by a regional chain. NOI $126K/yr. $1.350M. 9.35% Cap.
  5. Shopping Center in Arlington, TX: 24,950 SF shopping center on 2.78 acres of parcel with several long term tenants in fast growing area. 80% Occupancy. NOI $136K/yr. $1.7M. 8% Cap.
  6. Medical Office in Phoenix, AZ: 55,874 SF medical office on 5.5 acres of land adjacent to Vanguard Paradise Valley Hospital. 94% Occupancy. NOI $725K/yr. $9.850M. 7.37% Cap.
  7. Strip Center in Mansfield, TX: 16,190 SF beautiful strip center on over 2 acres of parcel built in 2007 in Dallas/Ft. Worth metro area. 100% NNN leased. NOI $303K/yr. $4.250M. 7.15% Cap.

    © efunding Inc. 2009. All right reserved.

Tuesday, January 20, 2009

Best Retail Properties Among 360+ on 01-14-09

  1. Office building In Houston Clearlake, TX: 21,418 SF office building on 1.25 acres parcel in the Clear Lake NASA master-planned area. 96% leased. NOI $175K/yr. $2M. 9.5% cap.
  2. Shopping Center in Euless, TX: 12,019 SF new upscale strip center on 1.46 acres outparcel to a 1 Million SF Lifestyle center anchored by Lowes, Staples, Ross, Marshall, Petsmart, LA Fitness, Bed, Bath & Beyond. Fast growing and affluent (AHI over $98K/yr) Dallas suburb. Great tenants. NOI $314K/yr. $4.215M. 7.47% cap.
  3. Inline Retail center in Keller, TX: 21,787 SF inline retail center shadow anchored by Kroger Supermarket in a booming (80% growth since 2000) and affluent (AHI over $99K/yr) Dallas suburb.100% NNN leased by 8 brand name tenants: Papa John’s Pizza, Great Clips, BlockBuster, Leslie Pools, Palm Beach Tan, AT&T Wireless, & GNC. NOI $354K/yr. $4.425M. 8% cap.
  4. Retail/Office building in Santee, CA: 20,518 SF 2-story 24-unit center on 1.2 acres parcel in San Diego metro. 92% leased with mostly below market rent. NOI $296K/yr. Price reduced to 3.895M. 7.6% cap.
  5. Shopping Center in Escondido, CA: 22,140 SF 7-unit inline retail center between Albertson’s and 24-Hr fitness in San Diego metro. Proforma NOI $549K/yr. $6.875M. 8% cap.
  6. Just Brakes in Tampa, FL: 3800 SF brand new Just Brakes car repair center on ½ acre lot with over 150 stores. 10 yrs absolute NNN lease with corp guaranty. NOI $102K/yr with 10% rent bump every 5 yrs. $1.28M. 8% cap.
  7. Restaurant/Night Club in West Covina, CA: 17,500 SF restaurant on 2.4 acres lot adjacent to 1.2 Million SF 208 store Westfield Mall adjacent to I-10. 15 yrs NNN lease by Crazy Horse restaurant & Night Club which has been in the business for over 20 yrs. NOI $418K/yr. with 12% rent increase every 5 yrs.
    · Property under $1M renovation last year.
    · Price reduced from $5.95M to $4.6M. 9.2% cap!
    · Westfield is expanding to the lot next to the restaurant to provide space for Best Buy and 5 restaurants.
  8. Shopping Plaza in Houston, TX: 17,500 Sf shopping center on 1.75 acres lot in SouthWest Houston. 93% NNN leased by 10 tenants. NOI $265K/yr. $2.795M. 9.5% cap.
  9. Office Building in West Valley City, UT: 31,748 SF 3-story office building on 1.88 acres lot with easy access to I-215, I-15 and I-80 in Salt lake City metro. Anchored by UPS. 100% leased by 4 tenants. NOI $285K/yr. $3.15M. 9% cap.

Monday, January 19, 2009

Top 8 retail properties among 360+ on 1/13/09

  • Shopping center in Riverside, CA: 34,644 SF 18-unit shopping center on 3.4 acres parcel in a growing city. 80% NNN leased. Actual NOI $347K/yr. $4.9M. 7.1% actual cap.
    · Buyer can assume $3.545M loan at attractive 6.22% fixed till 2015. Need just 1.355M equity.
    · Profoma NOI $429K/yr or 8.77% cap when 100% leased.
    · Only $$141/SF!
  • KFC in Rockford, IL: 3837 SF restaurant built in 1998 on 1.25 acres lot. New 20 yrs absolute NNN lease at close by an operator with 47 locations. NOI $82K/yr. $1.072M. 7.65% cap.
  • Arby’s in Peoria, AZ: 3100 SF 8-yr old restaurant on ¾ acre out parcel to a Home Depot & Sears anchored shopping center just off Loop 101 exit. 100% NNN leased till 2021 with corp guaranty. NOI $131K/yr. with annual rent bump. $1.873M. 7% cap.
  • Childtime Childcare Facility in Chula Vista, CA: 8280 SF childcare center built in 2000 on .9 acre parcel in a wealthy San Diego suburb with AHI over $115K/yr. 100% NNN leased till 2016 by a national tenant. NOI $203K/yr. Price reduced to $2.548M. 8% cap!
  • Starbucks in Tucson, AZ: new 1750 SF Starbucks on 2/3 acre parcel adjacent to I-10. 10 yrs NNN lease with no kick out clause. NOI $115K/yr with 10% rent bump every 5 yrs. $1.536M. 7.5% cap.
  • AppleBee’s in Cedar Hill, TX: 5640 SF restaurant built in 2006 on 1.6 acres pad to a Wal-mart Supercenter. Across the street from 725,000 SF regional mall in a fast growing Dallas suburb. 20 yrs absolute NNN lease by a franchisee with 37 locations. NOI $130K/yr. $1.73M. 7.5% cap.
  • Burger King in Montgomery, IL: 2800 SF brand new restaurant on a pad to a new Walmart Supercenter in a fast growing Chicago suburb. New 20 yrs absolute NNN lease by an operator with over $6M net worth. NOI $130K/yr. $1.55M. 8.5% cap.
  • Pearl Vision center in Las Vegas, NV: 4042 SF single-tenant retail building across the street from Walmart. 100% NNN leased till 2011 by Pearl Vision Eye Care. NOI $96K/yr. $1.175M. 8% cap.

    © eFunding Inc. 2009. All rights reserved.

Friday, January 16, 2009

Top 9 Properties Among 350+ on 01-12-09

  1. CVS Pharmacy in Henderson, NV: 13,013 SF pharmacy on 1.65 acres parcel in a fast growing and wealthy area (AHI $114K/yr within 1 mile radius) Las Vegas metro. Great location -- just off I-215 exit. 100% absolute NNN leased till 2030. NOI $451K/yr. $4.757M. 9.48% cap!
    · Buyer just needs $666K equity to assume $4.09M loan at low 5.3% fixed rate till 2030.
    · This zero cash flow property is ideal for investors who want to benefit from substantial losses somewhere else, e.g. stocks market.
  2. Retail center in Chandler, AZ: 12,776 SF multi-tenant retail center in a growing Phoenix suburb. 100% NNN leased. NOI $315K/yr. $3.825M. 8.25% cap.
  3. Walgreens in Las Vegas, NV: 15,102 SF pharmacy built in 1999. 100% NNN leased till 2019. NOI $405K/yr. $5.587M. 7.25% cap.
  4. Valero Gas Station in Sun City, CA: Valero station with full service car wash, convenience store, Beer & Wine license, ATM, Lotto on .64 acre parcel corner lot just off I-215 exit in a growing area. $1.75M for both real estate and business.
  5. Single tenant retail in Jonesboro, GA: 5000 SF 2 yr old free-standing retail building on .47 acre outparcel to a shopping center anchored by Publix Supermarket and Sports Authority in Atlanta metro. 100% NNN leased by Sherwin-William Paints (NYSE: SHW, S&P: A-). NOI $77K/yr. $1.032M. 7.5% cap.
  6. Single tenant medical building in Plano, TX: 5150 SF brand new class-A medical building in an affluent (AHI $141K/yr) Dallas suburb. New 10 yrs NNN lease by a national credit tenant. NOI $112K/yr with annual rent bump of .50 cents/SF. $1.6M. 7% cap.
  7. Retail Plaza in Aurora, CO: 28,105 SF retail plaza built in 2005 in Denver metro. 72% occupied. Appraised at $3.4M. Asking $2.3M or just over $80/SF! Strong upside potential.
  8. Development Project in Albany, CA: a retail development project of 6000 SF on over 1 acres outparcel to a high-volume 165,000 SF Target store just off I-80/580 and near Golden Gate Fields. $1.85M.
  9. 101 room Inn in Vallejo, CA: 101-room motel on 1.78 acres lot just off I-80 in a high–income area (AHI over $80K/yr). $4.7M. Just $46K/unit.

    © Copyright eFunding, Inc. 2009. All right reserved.

Thursday, January 15, 2009

Top Commercial Properties 01-09-09

  1. Strip mall in Rockford, IL: brand new 9000 SF 2-tenant strip center on 1 acres outparcel to a Wal-mart supercenter in growing and high income area. 100% NNN leased. NOI $255K/yr. $2.835M. 9% cap.
  2. Office building in Vancouver, WA: 4300 SF 3-yr old office building on ½ ac lot with easy access to I-205. 100% leased by 3 tenants. NOI $86K/yr. $1.2M. 7.2% cap.
  3. Neighborhood Center in Raleigh, NC: 33,624 SF multi-tenant shopping center on 2.67 acres parcel in a growing and strong income area. NOI $398K/yr. Appraised at $5.3M in July 2008. Asking $4.675M. 8.53% cap.
  4. Walgreens in Lilburn, GA: 15,120 SF pharmacy built in 2000 on 1.84 acres corner lot in a high income Atlanta metro. 100% absolute NNN leased till 2020. NOI $311K/yr. Buyer to assume $2.1M loan at low 5.62% interest. $4.455M. 7% cap.
  5. Single-tenant Retail in Sacramento, CA: 9497 SF commercial building on .83 ac parcel. 100% leased by Doghouse Saloon. NOI $124K/yr. $1.2M. 10.4% cap.
  6. Shopping center in Pomona, CA: rare 34,597 SF well-maintained shopping center in a high-income city in LA. Excellent visibility. 96% occupied. NOI $605K/yr. $9.575M. 6.32% cap. Buyer to assume $5.3M loan at low 6.1% interest. 6.32% cap
  7. Childtime Learning Center in Elliott City, MD: 8240 SF childcare center on 1.75 acres parcel in a growing and affluent (AHI over $107K/yr) Washington DC suburb. 100% NNN leased till 2025 by a national childcare provider. NOI $210K/yr. $2.627M. 8% cap.

    © eFunding Inc. 2009. All right reserved.

Wednesday, January 14, 2009

Top 5 commercial properties 01-08-09

  1. Buffalo Wild Wing Grill & Bar in Missouri city, TX: 5285 SF franchised restaurant with over 430 locations in 37 states. Located on an outparcel to Wal-mart supercenter and surrounded by over 700,000 SF of retail spaces in a affluent (AHI $106K/yr) Houston suburb. 15 yrs NNN lease. NOI $211K/yr. with 10% rent increase every 5 yrs. $2.64M. 8% cap.
  2. Single-tenant Office Building in San Antonio, TX: 79,198 SF 2-story class-A office building constructed in 2005 on 8.9 acres lot in the fastest growing (58% since 2000) part of the city. 100% NNN leased by Coventry Health Care (NYSE: CVH), a company with almost $10B in revenue, till 2018. NOI $905K/yr. Buyer to assume $7M loan at low 5.13% interest. $11.75M. 7.75% cap.
  3. Shopping Plaza in Oroville, CA: 164,905 SF shopping plaza built in 2001 on over 15 acres of land in Northern CA. Anchored by Long’s Drug (being acquired by CVS), FoodMaxx Supermarket and Big 5 Sporting Goods. 97% NNN leased. NOI 1.023M. $13.65M. 7.5% cap. Less than 83/SF! Seller financing available.
  4. AutoZone in Kansas City, MO: 7370 SF brand new AutoZone on over 1 acres lot across the street from a 190,000 SF retail center. 20 yrs NNN lease. NOI $119K/yr with 10% rent bump every 5 yrs. $1.665M. 7.15% cap. Recession insensitive tenant.
  5. Rite Aid in Clemmons, NC: 14,547 SF pharmacy on 1.68 acres parcel just off Fwy 421 in a fast growing & high income (AHI $81K/yr) Winston-Salem metro. Store with strong sales. 20 yrs NNN lease with 10% rent increase every 10 yrs. NOI $213K/yr. $2.839M. 7.5% cap.

    © copyright eFunding Inc. 2009. All right reserved.

Tuesday, January 13, 2009

Top 7 Retail Properties Among 380+ 01-07-09

  1. Home Town Buffet restaurant in Laguna Woods, CA: 9055 SF beautiful restaurant on over 1 acre lot as part of large commercial development in a high income city in Orange county. 100% NNN leased by Home Town Buffet till 2023. NOI $296K/yr with 10% rent bump every 5 yrs. $3.7M. 8% cap.
  2. Shopping center in Phoenix, AZ: 17,055 SF inline strip center shadow anchored by Fry’s Food & Drug. Located in a higher income of the city. 87% NNN leased by 9 tenants. NOI $291K/yr. Buyer to assume 2.2M loan at 6.21% interest. $3.675M. 7.92% cap.
  3. Jiffy Lube in Bakersfield, CA: 2000 SF Jiffy Lube in the better/high-income part of the city. 20 yrs NNN lease. NOI $79K/yr with 10% rent bump each 5 yrs. Only $990K. 8% cap.
  4. Sports Authority in Wichita, KS: 52,256 SF Sporting Goods store on 5.6 acres lot in a high income area near Wichita State Univ. Renovated in 2002. 10 yrs NNN lease with corp guaranty. NOI $511K/yr. with 10% rent increase every 5 yrs. $6.395M. 8% cap.
  5. Shopping Center in Sioux City, IA: 19,881 SF multi-tenant retail center on 1.78 acres lot. Shadow anchored by Walmart. 100% NNN leased by mostly brand name tenants. NOI $219K/yr. $2.441M. 9% cap.
  6. Shopping Center in Dallas, TX: 10,429 SF strip mall in front of Wal-mart Supercenter and Sam’s Club just off I-30. 100% NNN leased by 4 national and regional tenants. NOI $221K/yr. $2.69M. 8.26% cap.
  7. Smokey Bones Bar & Grill in Orlando, FL: 7680 SF regional franchised restaurant and baron 1.67 acres lot at the entrance of The Waterford Lakes Town Center Mall. Located in a booming part of Orlando (102% growth since 2000). 15 yrs absolute NNN lease by a corp with 70 locations. NOI $244K/yr. with 1.75% annual rent bump. $2.7M. 9% cap.

    © Copyright 2009 eFunding Inc. All rights reserved.

Monday, January 12, 2009

Best 7 Retail Properties Among 350+ 01-06-09

  1. Walgreens in Schertz, TX: 15,120 SF Walgreens built in 2000 on 2.6 acres lot at an intersection in a fast growing (78% growth since 2000) and high income (AHI $83K/yr) San Antonia suburb. 100% NNN leased till 2061. NOI $265K/yr. $3.375M. 7.85% cap. Financially strong tenant with recession-proof business.
  2. Walgreens in San Antonio, TX: 13,905 SF Walgreens on 1.18 acres corner lot in a high income (AHI $85K/yr) part of SA. 100% NNN leased till 2058. NOI $259K/yr. $3.3M. 7.85% cap.
  3. CVS in Hawthorn, CA: 12,000 SF CVS pharmacy on a corner with easy access to I-405 in a high income (AHI $93K/yr within 3 miles) city in Los Angeles with 600K residents within 5 miles radius. 100% NNN lease. NOI $190K/yr. $2.463M. 7.71% cap.
  4. CVS in Voorhees, NJ: 13,013 SF CVS pharmacy on a corner lot in a prime commercial corridor in a high income Philadelphia suburb. 100% long term NNN lease. NOI $198K/yr. $2.576M. 7.71% cap.
  5. CVS in Sandy Springs, GA: 10,125 SF CVS Pharmacy in a fast growing and high income Atlanta suburb. 100% long term NNN lease. NOI $145K/yr. Only $1.35M. 10.76% cap!
  6. Retail strip in Bakersfield, CA: 6000 SF 2 yrs old strip on 2/3 acre lot. 100% leased by 5 tenants. NOI $58K/yr. Only $729K. 8% cap.
  7. Shopping strip in Chattanooga, TN: 12,500 SF strip center built in 2004 on 1.75 acres out parcel to Home Depot and Lowes in a fast growing and strong income area. 100% NNN leased by 3 tenants. NOI $233K/yr. $2.65M. 8.42% cap.


    © Copyright eFunding Inc. 2009. All rights reserved.

Friday, January 9, 2009

Top 10 Properties Among 270+ 01/05/09

  1. Hotel in Lakeland, FL: 118-room hotel on 3.5 acres of land constructed in 1975 recently renovated on a hard corner location just off I-4 and US 98. NOI $ $5.250M. 12% Cap.
  2. Retail/Office Center in Stockton, CA: 11,179 SF office/retail building on .62 acre lot in growing city. 100% NNN leased. NOI $89K/yr. $1.1M. 9.34% Cap.
  3. Office Building in Houston, TX: 20,365 SF class-B well-kept office building on over 1 acre lot built in 1981. 96% Occupied. NOI $117K/yr. $1.275M. 9.20% Cap,
  4. Shopping Center in Fishers, IN: 23,200 SF nice-looking shopping center on 2.14 acres of parcel built in 1993 with excellent visibility at busy intersection. 83% NNN leased. NOI $255K/yr. $3.050M. 8.37% Cap.
    Upside potential when fully leased
  5. Shopping Center in Roseville, CA: 31,168 SF mature shopping Center on 3.25 acres of land shadow anchored by Save Mart Supermarket/Long’s Drugs. 100% NNN leased. NOI $830K/yr. $10.750M. 8.20% Cap.
  6. Big O Tires in Aurora, CO: 5280 SF Big O Tires Retail Building on .71 acre lot built in 1999 and shadow anchored by Kroger Supermarkets. 100% NNN leased. NOI $108K/yr. $1.349M. 8.02% Cap.
  7. Shopping Center in Clovis, CA: 32.613 SF shopping center on 3.12 acres of parcel constructed in 1986 on a prime retail corridor. 96% leased. NOI $472K/yr. $5.9M. 8% Cap.
  8. Shopping Center in Chandler, AZ: one year old 13,305 SF shopping center anchored by La Petite Academy/Fitness Works at busy thoroughfare. 100% NNN leased. NOI $380K/yr. $4.760M. 8% Cap.
  9. Neighborhood Center in Gilbert, AZ: 13,635 SF upscale shopping center adjacent to new Banner Gateway Medical Center. NNN leased. NOI $329K/yr. $4.390M. 7.5% Cap.
  10. Strip Center in Sunnyvale, CA: 10,088 SF stable strip center on .93 acre lot close to Hwy-237/85. 100% NNN leased. NOI $123K/yr. $2.7M. 4.57% Cap.

    © Copyright eFunding Inc. 2009. All rights reserved.

Thursday, January 8, 2009

Top 8 commercial properties 01-02-09

  1. Retail Building in Palm Desert, CA: 3850 SF retail building near Westfield Shoppingtown in a growing and wealthy city with AHI $105K/yr within 1 mile. 100% NNN leased. NOI $125K/yr. $1.395M. 9% Cap.
  2. Strip Center in Baton Rouge, LA: 11,950 SF attractive strip center built in 2007 across Wal-Mart Supercenter with national/local tenants. 100% NNN leased. NOI $264K/yr. $3.2M. 8.25% Cap.
  3. Office Building in Santa Ana, CA: 29,000 SF nice-looking office building close to Western Medical Center with great access to Hwy-55 and I-5 in a densely-populated city in Los Angeles. NOI $198K/yr. $3.960M. 5% Cap.
  4. Hotel in San Bernardino, CA: 50-room hotel on 1.17 acres of land just off Fwy-10. NOI $348K/yr. $4.3M. 8.10% Cap.
  5. Strip Center in Calumet City, IL: 7,995 SF strip center on 1.4 acres of parcel built in 2004 adjacent to River Oaks Shopping Center. 100% NNN leased. NOI $ 165K/yr. $2.2M. 7.5% Cap.
  6. Shopping Center in Pflugerville, TX: 15,756 SF shopping center anchored by Pizza Hut/Subway in fast growing Austin suburb. 80% Occupancy. NOI $175K/yr. $2.5M. 7% Cap.
    Upside potential when fully leased
  7. Retail Building in Sacramento CA: retail building leased by Kelly Moore Paint in growing/middle-class (AHI $51K/yr) city. $1.850M. 7% Cap.
  8. Strip Center in Cleburne, TX: 6900 SF newly renovated strip center on .93 acre lot with great store frontage to I-67. 100% Occupancy. $1.550M. 7.31% Cap.

    © Copyright 2009 eFunding, Inc. All rights reserved.

Interstate Moves

United Van Lines and Atlas Van Lines, 2 nationwide moving companies, track where people moved in 2008.
1. Growing states: states with at least 10% more people moving in than moving out are: Alaska (61/49), Washington (56/44), Oregon (57/43), North Carolina (58/42), Tennessee (55/45) and Alabama (55/45), and Texas (55/45).
2. Decline states: states with at least 10% more people moving out than moving in are: North Dakota (43/57), Illinois (44/56), Ohio (43/57), Indiana (45/55), Michigan (37/63), New York (43/57), Maine (45/55), New Jersey (40/60), Connecticut (45/55), and Rhodes Island (43/57).
3. Surprised states: Florida (48/52).
4. Worth mentioning: California (50/50)

Note: these are just statitics from 2 moving van companies so treat them as such.

Legend (xx,yy) with xx represents percentage inbound, and yy represents percentage outbound.

Wednesday, January 7, 2009

Best Retail Properties 12-31-08

  1. Muli-Tenant Shopping Center in Temecula, CA: 11,461 SF beautiful shopping center on 18.11 acres of land anchored by Albertsons Supermarket with eight national/credit tenants. 100% NNN leased. NOI $381K/yr. $5.650M. 6.76% Cap. Buyer to assume $2.880M at attractive 5.74% rate.
  2. Advance Auto Parts in Nederland, TX: 7000 SF Advance Auto Parts retail building on .94 acre of land built in 2003 in growing Houston suburb. 100% NNN leased. NOI $84K/yr. $1.139M. 7.4% Cap.
  3. Strip Center in Chicago, IL: 6,715 SF strip center with well established tenants on busy thoroughfare near St. Francis Hospital. 100% NNN leased. NOI $153K/yr. $1.7M. 9% Cap.
  4. Office Building in Tulare, CA: 5016 SF attractive office building in fast growing area near I-99. 100% NNN leased. $1.285M. 7.5% Cap.
  5. Shopping Center in Alpharetta, GA: 23,765 SF shopping center on 2.87 acres of parcel built in 1999 in a desirable area of Metro Atlanta. 100% NNN leased. $6.033M.
  6. Taco John’s in Kennewick, WA: 1768 SF Taco John’s Restaurant recently renovated leased by experienced operator. 20-years NNN lease with rent increases. NOI $59K/yr. $857K. 7% Cap.
  7. Office Building in Las Vegas, NV: 15,972 SF upscale office building on 1.25 acres of land built in 2005 near US-95. 100% NNN leased. NOI $325K/yr. $ 4.6M. 7.75% Cap.
  8. Retail Building in Las Vegas, NV: 4,000 SF single tenant building on .39 acre lot built in 1992 across Wal-Mart on busy thoroughfare. 100% NNN lease. NOI $90K/yr. $1.175M. 7.7% Cap.

    © Copyright eFunding Inc. 2008. All rights reserved.

What Investors in 2009 Should Know about 1031 Exchange Intermediaries Before It’s Too Late

This article is revised on 1/7/09

Today many investors often exchange their investment properties to avoid paying federal and state capital gain taxes. This 1031 exchange often requires the involvement of a qualified intermediary or 1031 exchange company to avoid constructive receipt. Otherwise your transaction may not be qualified for 1031 tax-deferred exchange. The exchange company will keep all of the money from the relinquished property for up to 180 days while you are looking for a replacement property to complete the exchange. Many investors do not know these companies are in a business that is not regulated by both the Federal government and any of the 50 states. There have been petitions over the years to the Federal Trade Commission (FTC) to regulate the industry. However, the FTC declined the petition as recent as August of 2008. This means these exchange companies can use your money to invest in anything they want. They don’t need to disclose where they invest, what they invest or the risks of their investments. On September 30, 2008 State of California passed Senate Bill 1007 which provided some consumer protections for 1031 exchange investors. This bill prohibits exchange companies in California from

  1. Comingling exchange funds with the operating accounts of the company.
  2. Investing exchange funds in the manner that does not provide sufficient liquidity or does not preserve the principal.

Occasionally there have been sad stories about exchange companies losing investors money in risky investments and then declaring bankruptcy. Investors can only recover a fraction of their money. On top of that, they may have to pay capital gain taxes because they do not complete the transaction within 180 days! For example:

  • On November 26, 2008, LandAmerica 1031 Exchange Services, a subsidiary of LandAmerica, a major provider of title insurance company, www.landam.com, filed petitions for Chapter 11 bankruptcy protection. As a result, all open 1031 exchange accounts are put on hold.
  • On December 15, 2008 Summit 1031 Exchange, www.summit1031.com, announced that it has ceased all funding of existing accounts. Its balances were less than the total amount of all the open accounts!

So how do you avoid being a victim? To answer this question, you will need to understand a little bit about the exchange business. Most exchange companies make money by charging a fee per transaction. They in turn invest your money somewhere with higher returns, pay you low .5-1% interests, and pocket the difference. This is how exchange companies normally make most of the profits. In the case of LandAmerica, it put much of the customers’ money in high-yield auction-rate securities backed by federally-insured student loans. However, these securities have become very difficult to convert to cash due to the tight credit market. LandAmerica had to sell these securities for less than the value of the securities when the exchange customers need money to complete the exchange. As a result, it did not have enough money to cover its obligations and had to declare bankruptcy.

There are 3 main types of exchange companies:

  1. Some exchange companies are just a division or subsidiary or an entity owned by an escrow or title insurance company. For example
    - First American Exchange Company (FAEC), www.firstexchange.com is a separate Limited Liability Company (LLC) owned by First American which is also in title & escrow business. FAEC occupies the same office and even has the same phone number as the First American Title office.
    - Old Republic Exchange, www.oreexco1031.com, is a member of The Old Republic Title Insurance group.
  2. Some banks also offer 1031 exchange services. For example
    - Wachovia Securities Bank, www.wachoviasecurities.com.
    - Bay Commercial Bank, www.baycommercialbank.com.
    - Comerica Bank, www.comerica.com.
    - Washington Mutual, www.wamu.com. Note: as of December 2008, Wamu does not accept new customers and is looking for a buyer for this division.
  3. Companies that specialize on 1031 exchange. They could be a mom-and-pop company or a franchise with offices in many states. For example:
    - IPX, Inc. www.ipx1031.com
    - Equity 1031, LLC; www.equity1031.com.
    - Equity Preservation, Inc.; www.equitypreservation.com.

The fees charged by these companies vary from $200 to $750 per transaction. However there are different restrictions:

  1. The company that charges low fee often does not pay interest on your fund or only pays interest if your fund is above a certain amount. If your sales proceed is significant, e.g. several hundred thousand dollars, you may save on the fee but may lose a significant amount on the interest payment.
  2. Some companies may offer to pay savings account rate while another may pay higher money market rate.
  3. Some companies charge higher fee, e.g. First American Exchange charges $750, but may allow you to make as many offers as you want. Each time your offer is accepted, the exchange has to review the contract, and wire the money to the seller’s escrow account.

During the economic downturn many big companies faced big losses and failed. You should choose an intermediary on 2 factors

  1. The most important factor is which company can provide safety, security and timely disbursements of your funds. When the amount of money is substantial, e.g. several million dollars, this is even more critical.
  2. Fees, interest rates, and staff competency should be a distant secondary requirement.

To ensure your money is safe, you should ask the exchange company if

  1. Your money is FDIC-insured (Federal Deposit Insurance Corporation, a US government corporation created by Glass-Steagall Act of 1933). When it comes to deposit insurance of your bank accounts, FDIC insurance probably provides the best protection for your money. The account is insured up to $250K per customer. So if the exchange account is under both husband and wife’s names, it’s insured up to $500K. When you have more than $500K you want the bank to put your money in a Certificate of Deposit Account Registry Service, or CDARS account. Your money is deposited in multiple banks to be insured up to $250K per customer per bank for up to $50 Million. CDARS account is a CD account so you probably want a short term CD to make sure you don’t pay penalty for early withdrawal. An intermediary may advertise that it carries $100M in fidelity bond. However, this bond is intended to protect the company against theft or embezzlement, not investment losses. It may also say that your account is guaranteed by the assets of its publicly-traded parent company. However, this guaranty does not mean much if the company has more liabilities than assets.
  2. Your money is deposited in the operating (comingled) account or separate account under your name. When the money is in the operating account, the exchange company can use it for anything; e.g. pay salary for its employees or invest in the stock market in China. In addition, the money in the operating account belongs to the company. Should the company declare bankruptcy, it’s harder to prove whether the money in the account is your money. On the other hand, the separate account is your account to keep your money for your own use. Should the company declare bankruptcy, it’s easier and faster to recover your money from your separate account. The fact your money is in a separate account does not make your money safer, just easier and faster to claim it’s your money. Normally if you don’t say anything, your money is deposited in a general account.
    - The separate account is called trust account if the exchange company is a subsidiary or a division of a bank. The account name should be something like “John & Jane Smith Trust Account” with your tax ID. This trust account is regulated by the government and the exchange company cannot use money for its business.
    - The separate account is called segregated account if the exchange company is a subsidiary or a division of a title company. The account is under your name and tax ID. This account is not regulated by the government. The exchange company can still invest in the way as other non-segregated accounts if you don’t specify anything.
  3. Where your money is invested, e.g. money market. Again, since this is an unregulated business, it does not need to provide you a prospectus and does not necessarily need to invest in where it says it does. If the money is invested outside the US in which you probably don’t know anyway, there may be a delay from the time you request your money to the time you actually get it.

Conclusion: when you choose an exchange company, you should consider its fees, services, and most importantly the safety, security and timely disbursements of your funds. You should consider an exchange intermediary located in California in which your account is FDIC insured.

Tuesday, January 6, 2009

Best Commercial Properties 12-30-08

  1. Carl’s Jr. in Goodyear, AZ: 3000 SF fast food restaurant on 1.67 acres of land anchored by Target, Home Depot, Office Max and more if booming (242%) Phoenix suburbs. 100% NNN leased. NOI $155K/yr. $1.940M. 8% Cap.
  2. Holiday Inn in San Antonio, TX: 74-rooms/suites motel on 2.35 acres of parcel off I-90 near SeaWorld. NOI $727K/yr. $6.6M. 11.02% Cap.
  3. Candlewood Suites in Galveston, TX: brand new 83-room upscale hotel off of I-45 in growing middle-class (AHI $54K/yr.) neighborhood. NOI $762K/yr. $7.2M. 10.59% Cap.
  4. Shopping Center in Baton Rouge, LA: 22,434 SF shopping center with national/local tenants across form The Mall at Cortana. 95% Occupancy. NOI $199K/yr. $1.930M. 10.33% Cap.
  5. Retail Pad in Las Vegas, NV: brand new 13,474 SF retail pad with great visibility in fast growing areas. 100% NNN leased. NOI $207K/yr. $2.6M. 8% Cap.
  6. Strip Center in Arvada, CO: 6122 SF well-kept strip center on .66 acre lot built in 1997 on main retail corridor near I-76. 100% NNN leased. $1.075M. 7.95% Cap.
  7. Shopping Center in Saint Petersburg, FL: 17,000 SF shopping center on 1.53 acres of land built in 1993 with excellent visibility next to Walgreen’s. 100% NNN leased. NOI $266K/yr. $3.950M. 6.7% Cap.

© Copyright eFunding, Inc. 2008. All rights reserved.

Monday, January 5, 2009

Best 10 Retail Properties Among 451+ 12-29-08

  1. Staples in Vernon Hills, IL: brand new 19,150 SF Staples Retail Building on 1.83 acres of land close to Westfield Hawthorn in affluent Chicago suburb. 100% NNN leased. NOI $440K/yr. $5.5M. 8% Cap.
  2. Shopping Center in Rockford, IL: brand new 9,000 SF shopping center on over one acre lot shadow anchored by Wal-Mart Supercenter. 100% NNN leased. NOI $255K/yr. $3.093M. 8.25% Cap.
  3. Back Yard Burgers in Cordova, TN: 3,126 SF Back Yard Burgers Restaurant built in 1998 on .68 acre lot outparcel to Kroger. 20-years NNN lease with 1.5% annual increases. $1.048M. 7.7% Cap.
  4. Strip Center in Greenwood, IN: 18,200 mature strip center on 2 acres of parcel across Greenwood Park Mall. 92% NNN leased by national/local tenants. NOI $259K/yr. $3.250M. 8% Cap.
  5. Neighborhood Center in Fairview Heights, IL: brand new 47,398 SF shopping center on 5.98 acres of land directly across St. Clair Square Mall. 100% NNN leased. NOI $459K/yr. $5.740M. 8% Cap.
  6. Jack in the Box in Houston, TX: bran new 2,286 SF Jack in the Box Restaurant at signalized intersection. 18-years NNN corp lease. NOI $89K/yr. $1.227M. 7.3% Cap. Buyer to assume $670.103 at 6% rate.
  7. Medical Office in Monterey, CA: 4600 SF beautiful medical office on .22 acre lot built in 2007 off of Hwy-68. 20-years NNN lease. NOI $72K/yr. $1.040M. 7% Cap.
  8. Shopping Center in Port Saint Lucie, FL: 15,000 SF recently constructed shopping center on busy thoroughfare. 85% Occupancy. NOI 347K/yr. $3.950M. 8.8% Cap.
    Upside potential when fully leased
  9. Shopping Center in Concord, NC: 39,443 SF shopping center on 6.7 acres of land near Hwy-29 in fast growing Charlotte suburb. 90% Occupancy. $4M. 8.2% Cap.
  10. Medical Office in Richton Park, IL: 11,083 SF well kept medical office close to I-57. 100% leased by eight tenants. NOI $119K/yr. $1.1M. 10.89% Cap.

    © Copyright eFunding, Inc. 2008. All rights reserved.

Friday, January 2, 2009

Top 6 properties in the US 12-24-08

  1. Office Building in Sarasota, FL: 24,055 SF 7-yrs old modern office building near I-75 in booming (493%) & prosperous (AHI $118K/yr) Tampa suburb. 100% NNN leased. NOI $331K/yr. $4.3M. 7.7% Cap.
  2. Hollywood Video Retail Building in Mesa, AZ: 6,065 SF retail building on 1.35 acres of land at hard corner location. 100% NNN leased. NOI $109K/yr. $1.5M. 7.3% Cap.
  3. Shopping Center in Houston, TX: brand new 24,000 SF attractive shopping center on 1.61 acres of land across Walgreens Pharmacy in a densely populated area. 100% Leased. NOI $368K/yr. $4.517M. 8% Cap.
  4. Strip Center in Ridgeland, MS: brand new 11,053 SF eye-catching strip center on .94 acre lot outparcel to Northpark Mall on a primary retail corridor near I-55. 90% NNN leased. NOI $273K/yr. $3.418M. 8% Cap.
  5. Retail Restaurant in Fairfield, CA: 10,500 SF retail restaurant on 1.6 acres of land near Westfield Solano Mall with excellent visibility to Hwy-80. $1.950M.
  6. Panera Bread in Indianapolis, IN: bran new 4856 SF Panera Bread Restaurant on 1.29 acres of parcel in fast growing (16%) wealthy (AHI $123/K/yr) city just off of Hwy-465. $2.195M. 7.7% Cap.

    © Copyright eFunding, Inc. 2008. All rights reserved.