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Wednesday, October 20, 2010

Net Lease Property Sold in Miami, Florida

Miami Beach, Florida - Information today on Net Lease Properties is regarding the sale of a Retail Shopping Mall. A Net Lease Property sold for $18,000,000, in Miami. This Net Lease Property is the Northside Centre Shopping Mall. This can be said to be a very good deal for the Buyer of this Net Lease Property in unincorporated Miami-Dade County.

The Investment Property, Northside Centre features prominent tenants including Presidente Supermarket, Payless Shoes, a Net Leased Citibank, Foot Locker, Rainbow Fashions, CitiTrends, Simply Fashions and Dots. One of our favorite Net Leased Property Tenants Walgreens is also at Northside Centre. Northside Centre was built in 1960 and had renovation in 2005. The net lease property was 80% leased at the time of the sale.

Some research shows this Shopping Mall that totals 475,579 square feet of gross leasable area. Some reports show this net leased property as 540,000 square feet of leaseable space. Either way this net lease investment, near downtown Miami was sold for far below replacement costs. Some of the "NNN" Triple Net Lease space is available between $6 - $10 per square foot at this Retail Shopping Mall. Absolute NNN Properties, with no landlord responsibilities whatsoever are available in South Florida.

This Net Lease Property transaction shows the strength of the Commercial Property asset, which is an irreplaceable piece of real estate with a long history of successful operations. The Retail Shopping Mall is one of the most visible in Florida. Also, The Net Lease Property was one of the first regional malls developed in South Florida and is currently undergoing a renovation. Some of the renovation activities planned or completed include fa├žade renovation, lighting, landscaping and repaving/restriping of the parking areas.

Northside Centre, the net lease property is located at the northwest corner of N.W. 79th Street and N.W. 27th Avenue in Miami. When searching public records for Miami Investment Properties, they are essentially in Dade County, Florida. This Net Lease Property has an average daily traffic volume of over 76,000 cars per day and over 214,000 and 528,000 people within a (3) mile and (5) mile radius. This offers the net lease property a tremendous retailing environment. The net lease property address is 7900 Northwest 27th Avenue, Miami, Florida 33147.

Net Lease Properties & Commercial Loans


CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Property Investments. Also contact us to sell your existing Net Lease Properties portfolio.

Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

  • 24 Hour Fitness Net Lease Properties
  • 7-Eleven Net Lease Properties
  • Advance Auto Net Lease Properties
  • Ahold Net Lease Properties
  • Applebees Net Lease Properties
  • Arbys Net Lease Properties
  • AutoZone Net Lease Properties
  • Burger King Net Lease Properties
  • Chick-fil-a Net Lease Properties
  • Costco Net Lease Properties
  • CVS Net Lease Properties
  • Delhaize Net Lease Properties
  • Dollar General Net Lease Properties
  • Dollar Tree Net Lease Properties
  • Dunkin Donuts Net Lease Properties
  • FedEx Net Lease Properties
  • GoodYear Net Lease Properties
  • Home Depot Net Lease Properties
  • KFC Net Lease Properties
  • Kohl's Net Lease Properties
  • Kroger Net Lease Properties
  • Lowe's Net Lease Properties
  • McDonald's Net Lease Properties
  • O'reillys Net Lease Properties
  • Panera Bread Net Lease Properties
  • Pep Boys Net Lease Properties
  • Publix Net Lease Properties
  • Rite Aid Net Lease Properties
  • Safeway Net Lease Properties
  • Shell Oil Net Lease Properties
  • Staples Net Lease Properties
  • Steak-n-Shake Net Lease Properties
  • Taco Bell Net Lease Properties
  • Target Net Lease Properties
  • Verizon Net Lease Properties
  • Walgreen's Net Lease Properties
  • WalMart Net Lease Properties
  • Wendy's Net Lease Properties

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.



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