The five net lease properties include the following:
New River Valley Center is located in Christiansburg, Virginia, approximately 55 miles north of the Virginia / North Carolina state border. This leased retail center is in close proximity to Virginia Tech University. New River Valley is a 165,000 square foot new format retail center which was built in 2007. The tenants at the property include a 30,000 square foot Best Buy (lease carries to 2018), Old Navy, Ross Dress for Less, Bed Bath & Beyond, Staples, and PetSmart.
Pitney Road Plaza is located in Lancaster, Pennsylvania, which is situated midway between Philadelphia and Harrisburg Pennsylvania. Pitney Road Plaza is a new format, leased retail center and was constructed in 2009. The commercial real estate acquired is a 46,000 square foot freestanding Best Buy (lease carries to 2020), which is part of the overall center that is shadow anchored by Costco and Lowe's (Lowe's, a viable triple net lease property to consider).
Creekview Center is a 136,000 square foot, leased, grocery-anchored shopping center that was constructed in 2001. This commercial real estate is anchored by a 49,000 square foot Genuardi's Supermarket (Safeway) (lease expires in 2021). This leased grocery-anchored shopping center is located in Warrington, Pennsylvania, a suburb of Philadelphia. This net lease property is shadow anchored by a Target and a Lowe's Home Improvement Warehouse. Other major tenant leases are for Bed Bath & Beyond and LA Fitness.
Sunrise Plaza is anchored by a 131,000 square foot Home Depot (lease expires 2038), a 96,000 square foot, net lease Kohl's Department Store (lease expires in 2029), and a 20,000 square foot Staples. These net leased properties may be triple net leased properties and non recourse loans could be available on these net lease investments. Sunrise Plaza is located in Forked River, New Jersey, approximately 55 miles east of Philadelphia. Sunrise Plaza is a 254,000 square foot new format retail center and was constructed in 2007.
Monroe Marketplace is the other commercial real estate investment in this portfolio. This net lease property is located in Sellinsgrove, PA, which is located in central Pennsylvania along the Susquehanna River. This 335,000 square foot, leased, grocery-anchored shopping center that was constructed in 2008. Monroe Marketplace is anchored by a 76,000 square foot Giant Supermarket with a lease until 2028. This net lease investment also has a 68,000 square foot Kohl's Department Store with a lease until 2029. The net lease investment is shadow anchored by a 127,000 square foot Target. Other major tenants at the subject property
include Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Michael's and PetSmart.
Net Lease Properties & Commercial LoansIf a Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Property Investments. Some examples of net leased properties to purchase are a CVS, FedEx, Walgreen's, Target, Publix or a property net leased to McDonald's, Dollar General, Burger King, Wendy's or Taco Bell.
If you are considering purchasing Commercial Real Estate or a Net Leased Property, you can consider getting a Mezzanine Loan. Mezzanine Financing and Non Recourse Loans are available through Commercial Loans at Loanrise.com.