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Wednesday, September 29, 2010

Net Leased Property with Goodyear Tire as Tenant

Bradenton, Florida - Net Lease Properties information today is from Florida. A single-tenant net-leased property located in Bradenton, sold for $1,267,500. This net leased property is a 6,820 square foot, single-tenant building. This Investment Property has approximately "Total Under Roof" square footage of 6820. Square footage estimates of this net lease property is derived from rounded exterior wall measurements. The Tenant of this Net Lease Investment is Goodyear Tire. The Commercial Property is situated on approximately 1 acre.

A large commercial real estate investment services firm had the listing. The seller of this Investment Property was a Florida-based Company. The buyer is a limited liability company also based out of Florida.

Reports have that this Net Lease Property was placed under contract within two weeks of listing and closed 14 days thereafter. The transaction on this net leased property did not include any form of financing as it was an ‘all cash’ deal.

Bradenton Florida Properties

Goodyear Tire was built in 2006 and is located at 5202 East State Road 64. The Net Lease Investment Property also shows in some databases as SR 64 E, BRADENTON, FL, Zip Code 34208 as the address.

1031 Tax Exchange

There are plenty of benefits of Net Lease Investments in using a 1031 tax exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 exchange. Net Lease Properties are generally secured by leases with a remaining term of 10 to 25 years, minimizing the concern of tenant turnover.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at

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