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Friday, November 5, 2010

NNN Ground Lease with PNC Bank

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Farmington Hills, Michigan - Our Net Lease Properties information today is on a NNN Ground Lease with Corporate PNC Bank. Agree Realty Corporation (NYSE: ADC) acquired this NNN Investment Property, ground leased on a long-term basis to PNC Bank. This Net Lease Property was purchased for approximately $2,775,000. This Net Lease Investment with PNC Bank has approximately 28.5 years remaining on the base term of the lease.

The NNN Ground Lease investment property is located in Antioch, Illinois. This Net Lease Property with PNC Bank, was formerly a National City Bank. PNC Bank had recently signed a 30-year NNN ground lease with five 10-year options. This NNN Ground Lease has 10% rent increases every five years in both the initial term and options.

Agree Realty is involved in the ownership, management and development of Commercial Properties. The majority of their Investment Property Portfolio are primarily Net Lease Properties. These Net Lease Investments are made up of single tenant properties leased to major retail tenants and neighborhood community shopping centers. Agree Realty owns and operates an Investment Property Portfolio of 75 commercial properties. These Commercial Properties are located in 15 states and containing 3.5 million square feet of leasable space.

This NNN Ground Lease is located at the corner of Route 173 and Hillside Avenue. The Net Lease Property was being marketed as a Cap Rate of 6.65%. The Net Lease Property is positioned in the city' s dominant retail shopping area. The Net Lease Investment sits adjacent to a net-leased CVS. PNC Bank is surrounded by other national retail commercial properties including Jewel-Osco, Piggly Wiggly, Dollar General, Baskin Robbins, H&R Block, Blockbuster, Subway, Radio Shack and numerous others.

The Net Lease Property is in the Village of Antioch. Antioch is located midway between Chicago and Milwaukee and has the best of all worlds. This Retail Shopping area has an area for business and community to grow and prosper. The Village of Antioch is surrounded by several lakes. This area offers resident numerous recreational opportunities for fishing, ice skating in the winter and other activities. In addition, Antioch offers a charming downtown shopping district with over 100 unique shops and restaurants and bakeries. This Net Lease Investment benefits from this area as it is currently undergoing rapid commercial and residential growth. The Village of Antioch appears to be committed to continuing the high quality of life enjoyed by the citizens and businesses of the Antioch community.

Agree Realty should be pleased with this Net Lease Property, with a Corporate PNC Bank. Agree Realty is headquartered at 31850 Northwestern Highway in beautiful Farmington Hills, Michigan. Agree Realty continues to add to their growing Investment Property Portfolio of net lease properties. They remain focused on continuing their efforts to diversify their Investment Property Portfolio, as well as complementing it via acquisitions and development.

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
  • 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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