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Friday, March 19, 2010

A Burger King, Triple Net Lease Property Sells

Triple Net Lease Properties

Tampa — Net Lease Properties wants to report news of a Triple Net Lease Property transaction.
Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a 3,352 square foot, Single Tenant building occupied by Burger King. This Net Lease Investment is located in Lakeland, Florida. The Property, which sold for $1,474,160, is situated on 1.2 acres along US Highway 98 and has just over ten years remaining on its original Triple Net Lease.

Patrick Nutt, Senior Associate, represented the Buyer, a local private investor, and the Seller, GE Capital Solutions. Nutt explained, “The buyer was in search of a stable return tied to a tangible asset, rather than losing sleep over the volatility running through Wall Street. This Triple Net Lease Property is a quality investment with fundamentally sound real estate. The purchaser was able to secure a very competitive loan through a local lending institution.

Triple Net Lease Properties are excellent for buyers looking to capitalize on the higher returns offered in net lease investments compared to historically low interest rates of a traditional CD's or money market accounts.

Contact us, Net Lease Properties Email for a Net Lease Property or financing for Commercial Real Estate.