Miami Beach, Florida - We have Net Lease Properties information on a fairly new Tenant for South Florida. A new Tenant leasing space at the Westland Promenade Shopping Center, is tenant hhgregg. hhgregg is an Indianapolis-based retailer of consumer electronics, home appliances, and related products and services. hhgregg has leased approximately 23,500 square feet at Retail Shopping Center in Hialeah, Florida. Hialeah is near Miami, Florida, about 4 miles from the Miami International Airport. This Net Leased Property Tenant is scheduled to open in June of next year, The leased space is currently leased by OfficeMax. The net lease is a 10-year retail lease.
Hhgregg (NYSE: HGG) currently has 157 stores, mostly in the Midwest and Southeast. This is hhgregg's first net lease in the South Florida Commercial Real Estate Retail market. The Indianapolis-based chain plans to open as many as 45 stores in the mid-Atlantic region. With this growth, the Retail Shopping Centers with hhgregg will have many openings employment. They have a net leased property store, at 7412 Stream Walk Lane, Manassas, Virginia, that was scheduled to open this fall. hhgregg opened a distribution center in Prince George's County late last year, hiring 100 workers at that location. Also hhgregg, to be more specific, is leasing in the states Alabama, Indiana, Kentucky, North Carolina, South Carolina, Tennessee, Ohio, and Georgia. They also are beginning a thriving online retail business.
Back to the South Florida Retail Shopping Center Westland Promenade, with hhgregg coming, is a 325,854 square foot power shopping center. This Net Lease Investment was built in 1990 and renovated in 2007. This Net lease property is located at very busy interchange of Palmetto Expressway and Okeechobee Road. Some of the othe national tenants at this Net Lease Investment include Sports Authority, Big Lots, Chuck E. Cheese's and Floor & Decor.
The South Florida space will be 100% leased to hhgregg (Gregg Appliances, Inc.),as we mentioned above, is one of the nation's leading retailers. We had some information on their Company as of March 31, 2009, hhgregg, Inc. (NYSE: HGG) reported revenues of more than $1.4 billion and a net income of almost $36.5 million. Also, as of December 31, 2009, hhgregg, Inc. had a net worth in excess of $241 million. This Tenant could be the answer for your net lease properties which may need to be leased. As far Net Lease Properties already leased to hhgregg, Inc., we have seen 7% Cap Rates. This hhgregg, Inc. Tenant is an option for your next 1031 Exchange.
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 Properties. 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 Investments
- 7-Eleven Net Lease Investments
- Advance Auto Net Lease Investments
- Ahold Net Lease Investments
- Applebees Net Lease Investments
- Arbys Net Lease Investments
- AutoZone Net Lease Investments
- Burger King Net Lease Investments
- Chick-fil-a
- Costco Net Lease Investments
- CVS Net Lease Investments
- Delhaize Net Lease Investments
- Dollar General Net Lease Investments
- Dollar Tree Net Lease Investments
- Dunkin Donuts Net Lease Investments
- FedEx Net Lease Investments
- GoodYear Net Lease Investments
- hhgregg, Inc. Net Lease Investments
- Home Depot Net Lease Investments
- KFC Net Lease Investments
- Kohl's Net Lease Investments
- Kroger Net Lease Investments
- Lowe's Net Lease Investments
- McDonald's Net Lease Investments
- O'reillys Net Lease Investments
- Panera Bread Net Lease Investments
- Pep Boys Net Lease Investments
- Publix Net Lease Investments
- Rite Aid Net Lease Investments
- Safeway Net Lease Investments
- Shell Oil Net Lease Investments
- Staples Net Lease Investments
- Steak-n-Shake Net Lease Investments
- Taco Bell Net Lease Investments
- Target Net Lease Investments
- Verizon Net Lease Investments
- Walgreen's Net Lease Investments
- WalMart Net Lease Investments
- Wendy's Net Lease Investments
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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