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Wednesday, September 1, 2010

Triple Net Lease Properties News on Single-Tenant


Houston, Texas - Net Lease Properties news for this morning is from the Houston area. A Single-Tenant Net-Leased Property with Arby's as Tenant sold. This net lease property sold for approximately $2.1 million.
This Arby's net leased property is 3,012 square-feet and is a newer Arby's located in Cypress (Houston Suburb). This net lease investment was built in 2008. Arby's occupies a the entire freestanding building with a drive-thru. Arby's has recently signed a 20-year corporate guaranteed absolute (NNN) Triple Net Lease with rent increases every five years throughout the term of the lease and four, five-year options.
This area of Houston is an affluent area with dense Retail traffic. This property is nearby other net lease properties such as Lowe's, Walmart, Home Depot & Kroger. Arby's is situated between Two dominant traffic corridors.
Immediately North of this Cypress Towne Center are Target, Bed, Bath & Beyond, Best Buy, Ross & More net lease properties.

Triple Net Lease Properties

If 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.
Triple Net Lease Properties are an ideal debt replacement Vehicle for commercial real estate investors using a 1031 tax deferred exchange.

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