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Monday, September 13, 2010

Net-Lease Property with Walgreen's Sold

Minneapolis (Burnsville), Minnesota - Today, Net Lease Properties has information from a Minneapolis area town, called Burnsville. A newly constructed Triple Net Lease Property sold, with Walgreen's as the Tenant. Walgreens occupies a 14,490-square foot freestanding building. The Net-Leased Property operates under a Walgreen's corporate backed, 25 year "NNN" Triple Net Lease with fifty, one-year options.
This net-lease investment sold for nearly $9 million. A Canadian Commercial Real Estate investment firm purchased the net lease investment. These Absolute NNN Lease "Triple Net-Lease Properties" allow some peace of mind with commercial real estate investing, considering you have No Landlord Responsibilities.

The Net-leased Walgreens is located between Interstate 35W and Burnhaven Drive along County Road 42 West. It is on an outparcel to a Target anchored center. The net-lease site benefits from being situated across from Burnsville Center, which is a one million plus square foot regional mall with over 150 retailers. Other Notable retail tenants in the area include, Target, Home Depot, Kmart, JCPenney, Macy's, Sears, Dick's Sporting Goods and plenty more. This area of Minnesota has a trade area population of over 817,000 residents.

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Feel free to Contact us HERE to purchase various net lease investments. Also Contact us HERE to sell your existing Net Lease Properties portfolio. We have relationships with plenty of commercial real estate investors interested in purchasing net lease investments. We provide tremendous marketing and exposure for your net lease properties, resulting in the highest pricing and quicker closings.

If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, Loanrise.com can assist you with CTL Financing, GSA Financing or Commercial Loans.

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