|   | EXHIBIT 31.1 |
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|   | CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER |
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|   | PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 |
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 I, Christopher H. Cole, certify that:

 

|   | 1. | I have reviewed this quarterly report on Form 10-QSB of Cole Credit |
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|   | Property Trust, Inc.; |
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|   | 2. | Based on my knowledge, this report does not contain any untrue |
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|   | statement of a material fact or omit to state a material fact |
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|   | necessary to make the statements made, in light of the circumstances |
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|   | under which such statements were made, not misleading with respect |
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|   | to the period covered by this report; |
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|   | 3. | Based on my knowledge, the financial statements, and other financial |
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|   | information included in this report, fairly present in all material |
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|   | respects the financial condition, results of operations and cash |
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|   | flows of the registrant as of, and for, the periods presented in |
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|   | this report; |
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|   | 4. | The registrant's other certifying officer and I are responsible for |
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|   | establishing and maintaining disclosure controls and procedures (as |
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|   | defined in Exchange Act Rules 13a-15(e) and 15d-15(e) for the |
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|   | registrant and have: |
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|   | a) | designed such disclosure controls and procedures, or caused |
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|   | such disclosure controls and procedures to be designed under |
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|   | our supervision, to ensure that material information relating |
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|   | to the registrant, including its consolidated subsidiary, is |
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|   | made known to us by others within those entities, particularly |
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|   | during the period in which this report is being prepared; |
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|   | b) | evaluated the effectiveness of the registrant's disclosure |
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|   | controls and procedures and presented in this report our |
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|   | conclusions about the effectiveness of the disclosure controls |
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|   | and procedures as of the end of the period covered by this |
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|   | report based on such evaluation; and |
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|   | c) | disclosed in this report any change in the registrant's |
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|   | internal control over financial reporting that occurred during |
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|   | the registrant's most recent fiscal quarter (the registrant's |
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|   | fourth fiscal quarter in the case of an annual report) that |
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|   | has materially affected, or is reasonably likely to materially |
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|   | affect, the registrant's internal control over financial |
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|   | reporting; and |
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|   | 5. | The registrant's other certifying officer and I have disclosed, |
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|   | based on our most recent evaluation of internal control over |
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|   | financial reporting, to the registrant's auditors and the audit |
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|   | committee of registrant's board of directors (or persons performing |
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|   | the equivalent functions): |
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|   | a) | all significant deficiencies and material weaknesses in the |
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|   | design or operation of internal control over financial |
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|   | reporting which are reasonably likely to adversely affect the |
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|   | registrant's ability to record, process, summarize and report |
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|   | financial information; and |
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|   | b) | any fraud, whether or not material, that involves management |
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|   | or other employees who have a significant role in the |
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|   | registrant's internal control over financial reporting. |
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|   | /s/ Christopher H. Cole |
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|   | ----------------------------------------------- |
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|   | Christopher H. Cole |
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|   | Chief Executive Officer and President |
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 Date: November 14, 2006