Acquisition Criteria

United Investment Properties specializes in the ownership of net-leased single-tenant
real estate properties.  Basic investment characteristics include:

Investment Size:                $500,000 to $10,000,000 per transaction.
                                             Multiple and single asset purchases.

Investment Type:               Will consider all types of net-leased properties
                                             including retail and industrial, warehouse and
                                             modernized service stations.

Location requirements:     High traffic locations, access to thoroughfare, ease              
                                             of property ingress and egress; corners preferred.

Cap Rate:                            Our cash-on-cash returns will be based upon the quality      
                                             of the property and the dependability of the income             
                                             stream.

Geographic Area:              All regions of the continental United States.

Tenant Credit:                    All credit will be considered.

Lease Term:                        Long-term leases preferred.  Will consider short-term in      
                                             prime locations.

Rent Increases:                  Regular rental increases required, with same being             
                                             fixed or calculated against generally accepted indexes         
                                             (with or without floors and ceilings).

If you have any properties, which conform to these prerequisites, please forward
relevant financial and operational information to our offices.

We are cash buyers and can consummate quick confidential settlements.
For further information please contact Nicholas G. Perakis at 610-594-7770 or e-mail at

UIP@uiponline.com.
P.O. Box 2289
West Chester, PA  19380
United Investment Properties
Telephone:  610-594-7770   
Fax:               610-594-7771
www.uiponline.net
e-mail:  uip@uiponline.net