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Friday, November 19, 2010

Triple Net Lease Properties with Convenience Stores

Rochester, New York - Our Net Lease Properties information today is on an Investment Property Portfolio of "NNN" triple net lease properties. Broadstone Real Estate, LLC under Broadstone Net Lease, Inc. (BNL) purchased these triple net lease properties. Broadstone Net Lease, Inc. paid $14.7 Million for the Investment Property Portfolio.

Broadstone Net Lease, Inc. is a private Commercial Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, net-leased properties located throughout the United States. Broadstone Net Lease, Inc. now holds a diversified portfolio of medical office buildings (MOB), restaurant, net leased convenience stores, specialty office and distribution centers. Broadstone Net Lease, Inc. has an Investment Property Portfolio that includes 71 commercial properties located in 19 states. Broadstone Net Lease, Inc. is currently targeting net lease property acquisitions in the $5 to $15 million range.

The recent acquisition is for seven triple net-leased properties, that are convenience store sites. These triple net lease properties are leased to Lehigh Gas Corporation with an initial lease term of 20 years. The net lease investments are located in Pennsylvania, New Jersey and Kentucky. The net lease investment sites are operated under a variety of different brands. Broadstone Net Lease, Inc has acquired 18 net leased properties for a combined purchase price of $46.7 Million so far in 2010. Broadstone Net Lease is expected to complete several more transactions before the year ends.

An example of this sale-leaseback with net lease properties of a Shell-branded gas and convenience store. A sale-leaseback allows the lessee to write off its entire rent payment instead of just depreciation and the interest portion of the commercial loan payments. This net lease investment subject property is located in Pennsylvania. This Shell-branded gas station is approximately 2,510 square feet and has an additional 1,912 square feet of canopy. The net leased property sits on a lot that is approximately 17,270 square feet. The Investment Property was constructed in 1985.

The net lease investment has a triple-net lease with an initial cap rate of 8.00 percent and zero landlord responsibilities. Some of these leases has a corporate guarantee by Lehigh Gas Corp. on certain triple net lease properties with convenience stores and gas service.

Triple Net Lease Properties
Investment Property For Sale
Sale-Leaseback Transactions
NNN Ground Lease
1031 Exchange Solutions
NNN Properties
Net Leased Investments

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at

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