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Wednesday, December 1, 2010

NNN Lease Investment for 1031 Exchange

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Hendersonville, North Carolina - Our Net Lease Properties news today comes from the beautiful State of North Carolina. We thought many Florida Triple Net Lease Properties Investors would move to North Carolina and Tennessee. However, after the crushing residential market in Florida expanded across the Country, many stayed put in Florida. Our Net Lease Property checked revealed the sale of a Walgreen's Pharmacy. This net lease property is a 15,371 square foot, single-tenant investment. This net leased property is located in Hendersonville, North Carolina.

Hendersonville, North Carolina is located approximately 20 miles southeast of Asheville, North Carolina. This Net Leased Property is in Henderson County. Henderson County is part of the four-county Asheville Metropolitan Statistical Area, and remains one of the mot highly populated areas in North Carolina. With numbers like these for retail traffic, this is a wise choice for triple net lease properties. The historic downtown of Hendersonville has a well-preserved Main Street district with many restaurants, antique shops, and boutiques. Hendersonville is home to many festivals throughout the year and maintains a steady amount of tourism from the surrounding vacation destinations.

This unique net-leased investment gives this savvy investor a long-term net leased property with an A+ rated tenant in the well-established bedroom community of Hendersonville, North Carolina. The net lease property address is 1148 Asheville Hwy, Hendersonville, NC 28791. The Net Lease Investment was purchased for $5,033,000.

This Net Lease Property had a rent commencement date of February 16, 2009. The whereabouts of the net lease investment is on the NE corner of the intersection of Oakland Street and Asheville Highway/US-25. This is a desirable location for triple net lease properties as the intersection is considered the epicenter of Hendersonville. Also US-25 serves as the main north-south commercial corridor that runs through the historic downtown district. Again, a wise investment as this Net Lease Property has No Landlord responsibilities, and the tenant is responsible for all expenses, including taxes, insurance and CAM.

This net lease property site was strategically chosen due to its proximity to the Margaret R. Pardee Memorial Hospital, various (MOB) medical office buildings and the local high school and middle school. Nearby net lease properties are National retailers such as SunTrust, Exxon, Rite Aid, Ingles, Bank of America, Burger King and Sprint are all located in the immediate vicinity.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.



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