Great Neck, New York -
Net Lease Properties has news today concerning a
sale and leaseback transaction. One Liberty Properties purchased a Portfolio of three Wendy's Properties. Old Liberty obtained the three Wendy's Old Fashioned Hamburger fast food restaurants which are located in Pennsylvania in this
sale and leaseback transaction. The purchase price for this portfolio is $3.84 million and the net lease is for an initial 20 year term with a nine year renewal option. The seller of these
net lease properties is a franchisee and operator of more than 100 Wendy's restaurants.
One Liberty is a New York based
real estate investment trust (REIT) that specializes in the acquisition and ownership of a diverse portfolio of
commercial real estate properties under long term
net leases. One Liberty's
net leases generally provide for contractual rent increases. These properties normally have all the operating expenses and most or all other property related expenses paid by the tenant.
As an example of this intelligent investing in
net lease properties can be seen in One Liberty Properties second quarter results. One Liberty's Rental income for the three months ending June 30, 2010 was $10.6 million compared to $9.7 million for the three months that ended June 30, 2009. Rental income increases were due to the effect of acquisitions, as well as increased revenues associated with lease revisions within the existing portfolio.
Net Lease Properties & Commercial Real Estate Financing
If
Shopping Centers, Net Lease Properties or Apartment Buildings are of interest to you then contact us,
HERE. We can also assist you with your
Commercial Real Estate Mortgage and
Net Lease Funding to purchase a
CVS, Walgreens, Target, Publix, Wendy's or other Net Lease property.