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Tuesday, August 31, 2010

Kohl's Single-Tenant Net-Lease Property Sold

McAllen, Texas - Net Lease Properties news today is from the great state of Texas. McAllen is about 157 miles south west of Corpus Christi, Texas. An undisclosed developer has sold a Kohl's Net Leased Property to a private buyer for $7.3 million.

Kohl’s had recently signed a 20-year Triple Net Lease (NNN) with 5 percent rent increases between each of the six five-year options. This net lease investment is 88,248 square feet and is located in Trenton Crossing. The property address is 7900 N. 10th Street.

Some other net lease properties at Trenton Crossing are Old Navy, Office Max, Best Buy and Ross Dress for Less. Many Kohl's net leased properties, in Florida are near Super Target and/or Super Wal-Mart.
Kohl's had recently rated as the 6th largest retailer with a BBB+ credit rating from S&P. Triple Net Lease Properties are an ideal debt replacement Vehicle for commercial real estate investors using a 1031 tax deferred exchange.

Feel free to check out the Featured Commercial Property For Sale.

If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, you can apply for CTL Financing with Loanrise.com. Loanrise.com can also help with Mezzanine Loans. Multifamily Apartment Building Loans and Non Recourse Loans are available through Commercial Loans at Loanrise.com.

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