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Tuesday, July 20, 2010

Net Lease Property Dollar General Sold

Petersburg, Virginia - July, 20, 2010 - Net Lease Properties has news today of Net Lease Properties Investment selling in Petersburg, Virginia. Petersburg is about 25 miles south of Richmond, Virginia.
This sale of a net lease Dollar General Investment property had a closing price of $927,350.
The Commercial Real Estate Investment is a 9,014 Square feet free-standing retail property. This property is currently leased to Dollar General Corporation on a long-term, net lease basis.

The Buyer of this Net Lease investment property was a private, 1031-exchange buyer who was seeking a stable and passive investment.
A 1031 exchange, otherwise known as a tax deferred exchange is a simple strategy and method for selling one property, that's qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame.

Also a "1031 exchange" is unique because the entire transaction is treated as an exchange and not just as a simple sale. This 1031 exchange method allows the taxpayer(s) to qualify for a deferred gain treatment for Investments, if performed properly.
A 1031 exchange can be used on a Walgreens sale, Publix, Target, Home Depot, etc. as long as the Investor goes through the proper channels to do a 1031 correctly.

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If you are ready to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Office Building Highrises or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non Recourse Loan to purchase a Commercial Real Estate.

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