Monday, December 13, 2010
Middletown, Delaware - Delaware pops up with some Net Lease Properties information today. A Commercial real estate development company, Insalaco Development Group purchased a triple net leased property in Middletown. Insalaco Development Group is a family owned, commercial real estate development company. This commercial real estate development company is based in Northeast Pennsylvania. Insalaco Development Group is the Developer/Owner of various commercial real estate projects including retail strips centers, triple net lease properties, office and warehouse space. Westown Town Center LLC was the seller of this NNN Lease Investment.
Insalaco Development Group latest triple net leased property acquisition was for $5.925 million, or approximately $400 per square foot. This "NNN" Triple Net Leased Property is located at 700 S. Ridge Ave. in Middletown, Delaware. The triple net lease property is 14,820-square-foot retail building is located on Route 301. The NNN Lease Investment was built in 2009 and sits on 2.26 acres in Delaware. The best part of this Triple Net Leased Property acquisition is the Tenant, Walgreen's. Walgreen's fully occupies this triple net leased property with a 25-year, triple-net lease. The Tenant, Walgreen's is currently in its second year of their "NNN" triple net lease.
Insalaco Development Group has some great retail shopping centers. One of their retail shopping centers is Eagle's Glen Shopping Plaza. This retail shopping center is located in East Stroudsburg, Pennsylvania. They have some net leased property Tenants such as Big Lots, Citi Financial, Penn National Gaming (OTB), Blockbuster Video, Amici Pizza & Pasta, Rent-A-Center, Malcolm's Salon, Chinese Buffet, and Subway. Another Tenant is a favorite of triple net lease properties investors and that is CVS Pharmacy.
We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.
CONTACT US HERE for:
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If you need financing for 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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