A South Carolina investor, PI Commercial Properties LLC bought a commercial property that has a NNN Lease for Verizon Wireless. The purchase price for this NNN commercial property was $3.58 million, or $572.25 per square foot. This NNN Lease Investment Property is located at 11395 Causeway Blvd., near Tampa Bay. The property search for this Investor was for a high-credit, passive investment property.
The net lease investment is a Retail Building with 6,256 Square feet. A Commercial Property that has a Free Standing Building and was recently renovated.
Surrounding NNN Investment Property, Net Lease Investments include McDonald's, Burger King, Chick Fil A, Taco Bell, Publix, Lowe's, Wachovia, Bank of America, CVS, Walgreens, and Dunkin Donuts.
The investment property buyer is from Greenville, South Carolina. North Carolina and South Carolina also have quality triple-net leased investments. There is no record if this was a 1031 Exchange.
If you are buying investment property, Contact us HERE for a property search on Commercial Property For Sale, Investment Property For Sale, "NNN" Triple Net Leases and Net Leased Investments.
There are plenty of benefits of Net Lease Investments such as using a 1031 tax deferred exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 tax deferred exchange.
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