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Friday, July 30, 2010

Two Net Leased Buildings Sold

Indianapolis, Indiana - Net Lease Properties has news on the a couple of net-leased deals. The first Net lease Property is a Burger King with a Corporate Lease. This Commercial Real Estate is a 2,675 square foot, single tenant net-leased property. It is located in Indianapolis. The Net Leased Property sold for $960,000. This Burger King Building was built in 1999, and the property has an Absolute Triple Net (NNN) Lease guaranteed by the Burger King Corporation.
Information on the Investor is they are a New Jersey investor. This Investor owns and operates multi family properties and was looking for a less management intensive asset with solid cash flow.

Caldwell Car Wash, a 2,000-square foot, single-tenant net-leased property in Caldwell, New Jersey. This Investment commanded a sales price of $875,000. property on behalf of the seller, a local investor. The property was built in 1987 and contains a lot size of a 7,777 square foot parcel.
Caldwell is approximately 20 miles north west of Elizabeth, New Jersey.

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