Featured Distressed Commercial Real Estate & NNN Properties


Distressed Commercial Properties – Commercial Real Estate over $1.000,000
Great deals on Select Florida Distressed Commercial Properties.
Distressed Commercial Real Estate can be obtained at 20% of Original Sales Price.
Contact Professional Distressed Property Consultants by Clicking the Picture

NNN-Commercial-Real-Estate-distressed-commercial-properties-for-sale

Monday, January 31, 2011

Net Leased Properties with CVS & LA Fitness

cvs-pharmacy-tenant-NNN-Lease-Investment

Coral Springs, Florida - Our Net Lease Properties information today comes from southeast Florida. We searched for triple net lease properties in Florida for our Investors. An absolute NNN Lease Investment sold for $5.36 million. This sale price included the valuable commercial zone Land and the Building. This triple net lease property has a great Tenant, that is CVS. This net lease property with CVS was constructed in 2005. The net lease property has an absolute "NNN" lease that started in 2005 and terminates with CVS, in the year 2025.

This net lease contract has four separate five-year option periods, with rental increases between them. This triple net lease property is a freestanding, single-story building that is approximately 14,779 square feet. This triple net lease property has the drug store with a drive-thru that is situated on 1.77 acres. Bug Sky Properties LLC sold the triple net lease property for $5.36 million, which equates to approximately $362 per square foot. There is no news yet as to if this was a 1031 Exchange.

This absolute net leased property was purchased by KSY Family Revocable Trust. The triple net lease property has the address of 4701 Flamingo Road, Cooper City, Florida. The NNN Lease Investment is western Broward County with the zip code of 33330. The "NNN" triple net lease property sits at an intersection that is surrounded by a high daily traffic area. This area has plenty of people in the local area alone to support retail traffic for this absolute NNN Lease Investment.

Realty Income Corporation sold a South Florida net lease property for approximately $3.74 Million. Realty Income Corporation is a self-administered real estate investment trust (REIT) that purchases and manages commercial real estate. The majority of property that they purchase are free-standing single-tenant net leased properties. As with most NNN Commercial Real Estate Investors, Realty Income Corporation prefer leases to regional, national retail chains and (CTL) Credit Tenant Leases. Realty Income Corporation owns more than 2,257 retail net leased properties containing some 19 million leasable square feet.

Realty Income Corporation sold the South Florida net leased property to Coral Springs LAF LLC. This was one of many of Realty Income Corporation net leased properties in Florida. They also have various net leased properties in Texas, California and Illinois. The South Florida net leased property is located at 2633 N. University Drive in Coral Springs, Florida. Coral Springs sits in western Broward County in Florida. The net lease property is a one-story, retail building that was built in 1994. The Net Lease tenant is L.A. Fitness as they have a lease that continues with the new owners. The net leased property is 32,628 square-feet so the purchase price comes out to approximately $114 per square foot. Apparently there was no Investment Property financing reported for this net lease property transaction.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
Florida-net-leased-properties-retail


Bookmark & Share
Bookmark and Share

Sunday, January 30, 2011

Dillard's REIT and Sale-Leaseback Deals

absolute-nnn-lease-investments-Dillards
Little Rock, Arkansas - We have information today on some REIT action involving Dillard's and Net Lease Properties. Dillard's has mentioned in a regulatory filing last week that they believe the formation of a REIT (real estate investment trust) may enhance their ability to raise capital and thus improve their liquidity. Dillard's would so a sale-leaseback with specific properties. Dillard's would transfer some properties to the REIT (real estate investment trust) and will then lease back with triple net lease terms.

As the economy continues to stumble, retail stores have struggled to stay afloat. As we mentioned in the past that many retail store companies have their main assets as commercial real estate holdings. With the exception of possibly Nordstrom, many retail department stores are still in need of capital. Commercial Real estate sale-leaseback deals are profitable and they can generate capital for immediate use for the business. The sale-leaseback unlocks the equity that is built up in your commercial real estate investments. Some financial analysts wonder if Dillard's is possibly trying to take advantage of the favorable market conditions that currently exist for (real estate investment trust) REIT's.

Dillard’s is still controlled by the Dillard family with Mr. William Dillard, II as the Leader. Although it is a publicly-traded company, the Dillard's name can draw investors for the REIT. It could be approximately 240 stores to be transferred into the REIT via a sale-leaseback. The Investors of the REIT could benefit from the steady income from the "NNN" triple net lease properties. Our NNN Commercial Real Estate Investors are actively seeking triple net lease properties. The Tenant, Dillard's in this case would be responsible for the rent, all taxes, insurance, and maintenance expenses. We also wanted to report that Dillard’s formed an insurance company, which is a wholly-owned unit to help efficiently manage their investment risks.

Dillard’s is a Little Rock, Arkansas-based company that has been in business for over 70 years. Their stores are anchor-tenants at many Retail Shopping Centers. Most of these Retail Shopping Centers are class-A and class-B regional shopping malls in many states in the east. Dillard’s competes at many Retail Shopping Malls with the likes of Kohl's, Macy's, Nordstrom and Bloomingdale’s. Dillard's commercial real estate portfolio currently consists of almost 300 stores. Dillard’s owns approximately 46.4 million square feet of retail space, with much of it in desirable retail locations. Some large shareholder at Target Corp. (TGT) had thought of a similar idea recently. A leader at Target thought to enter into commercial real-estate sale-leaseback deals whereas Target would dump the commercial land under its the retail stores, and end up with Ground Leases. Many NNN Commercial Real Estate Investors would favor these types of Ground Lease with Target however that deal is not in play. NNN Commercial Real Estate Investors might also look at Sears or J.C. Penney with a Sale-Leaseback and possibly absolute NNN Lease Investments or Ground Leases.

More history of these types of commercial real estate deals are when Steven Roth bought the bankrupt department store chain’s Alexander’s. The brilliant investor Steven Roth paid approximately $53 million for the deal and spun off its commercial real estate holdings into a REIT. That REIT is currently managed by the Vornado Realty Trust. Steven Roth had a very valuable asset attached in that deal and that was the Bloomberg Tower, in New York City. The Bloomberg Tower is a 1.4 million square-foot mixed-use property that is built on the site of a former Alexander’s store.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.

nnn-lease-investments-Dillards-retail-store

Bookmark & Share
Bookmark and Share

Friday, January 28, 2011

Net Lease Property Acquisition of AT&T Store

triple-net-lease-property-att-NC

Wilmington, North Carolina - We have news on a unique Net Lease Properties transaction. This was a net lease property that was marketed as an opportunity to purchase a sparkling, brand new net lease investment with a net-lease corporately guaranteed by AT&T. Agree Realty Corporation was the investor who purchased this retail net leased property. This net leased property leased to AT&T is situated at the northwest corner of New Centre Drive and South College Road. The AT&T store was just recently constructed and opened in time for the Holiday season.

The newly constructed net leased property will replace the old AT&T location that was at 351 College Road. The new net leased property location is 314 S. College Road, in Wilmington, with the zip code 28403. AT&T wants to continue to expand on their services to the Wilmington, North Carolina community. This is a great retail market for AT&T. The commercial real Estate developer of the building reported that the building has a very coastal look with a modern stucco exterior. The Commercial Real Estate developer was considering building this net leased property with two stories but the tenant, AT&T wanted just one story. The new net leased property was built based on a LEED design with an upgraded storm water management system. Apparently the new AT&T net leased property is located in a flood prone area.

This relocation of the 351 College Road high-performing store is in the heart of Wilmington's retail district, and is very close to the University of North Carolina Wilmington. The University of North Carolina Wilmington has an enrollment of approximately 27,916. The new AT&T net leased property is also adjacent to a Verizon Wireless store at 318 College Road, in Wilmington. We are unaware if the net lease property buyer was able to assume existing Investment Property financing.

Agree Realty Corporation paid approximately $3.3 Million for this net leased property. The Net Lease Property was being marketed at approximately $3.5 Million at a 7% Cap Rate. The net lease site is approximately 32,551 Square Feet of an acre. The net lease building is 4,000 square-feet. The lease is NN (net-net) and the rent escalates by $5 per square-foot every 5 (five) years in this lease term. This net lease investment is approximately 3 miles from the Wilmington International Airport. The net leased property has a close proximity to tenants that include Lowe’s, Sam’s Club, Best Buy, Staples, Applebee’s, and our coffee hook up at Starbucks. The Average Daily Traffic Counts currently exceeds 60,999 (VPD) to benefit NNN Commercial Real Estate.

This net lease property corporately guaranteed by AT&T is in a thriving coastal community and tourist area. Reports have more than 57,000 people living within 3 miles. The Wilmington - Wrightsville Beach area has exploded recently with retail traffic, becoming one of the premiere vacation destinations in the North Carolina and the Southeast.

Wilmington is a city in New Hanover County and the county seat. This net lease property will benefit from a metropolitan area with an estimated population of over 343,000 people. Wilmington is located in the southeastern corner of North Carolina between the Cape Fear River and the bodacious Atlantic Ocean. The city has of the largest motion picture and television studios outside of Hollywood. Film production invariably plays an important role in Wilmington's dominance. Wilmington has an industrial base that includes electrical, medical, electronic and telecommunications equipment. They also thrive with clothing and apparel, food processing, paper products, and pharmaceutical business. Wilmington’s economy and local triple net lease properties definitely benefit from tourism, with its close proximity to the ocean which gives plenty to seafood lovers.

Some information on the net lease Tenant, AT&T Inc. (NYSE: T). AT&T Inc. is the seventh largest company in the US by total revenue. AT&T is currently the largest provider of local and long distance telephone services, and DSL Internet access. Also, AT&T is the second largest provider of wireless service in the United States, with approximately 85 million wireless customers, and more than 149 million total customers and growing.

In 2010, AT&T sat comfortably on the list of the 50 Most Admired Companies by FORTUNE magazine. AT&T Inc. was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November of the year 2005. The name change of the net lease Tenant came as the result of a merger with AT&T Corporation. The parent company was founded in 1983 and is based in the great city of Dallas, in Texas.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

net-lease-properties-Florida

Bookmark & Share
Bookmark and Share

Thursday, January 27, 2011

Fort Myers Retail Shopping Center Sold

retail-shopping-centers-florida-publix
Fort Myers, Florida - Net Lease Properties with Publix as a Tenant are still highly desired. We have Net Lease Properties news on a Retail shopping Center being sold in Fort Myers. Fort Myers is on the west coast of Florida and close to Naples, about 41 Miles North. The net lease property buyer is a Delray Beach-based commercial real estate investment firm, CR South. CR South purchased this Retail shopping Center called The Shops at Verandah. The Shops at Verandah is an approximately 73,036 square-foot Fort Myers Retail Shopping Center. The net leased Retail Shopping Center has Publix Super Markets as the anchor Tenant.

The Shops at Verandah was constructed in 2005, with local shops, restaurants and banks. The net-leased Retail Shopping Center is part of the Verandah Country Club community. This Verandah Country Club community is an existing master planned, beautiful golf course community that is situated on approximately 1,579 acres. Verandah Country Club community was developed by Bonita Bay Group. This prestigious community has approximately 70% of the community devoted to open space with amenities such as a tennis and fitness center. This community also has two championship golf courses designed by Bob Cupp, the great Jack Nicklaus and Jack Nicklaus II.

The retail shopping center can be easily accessed from three dedicated points along State Road 80, as well as a private signalized entrance at the intersection of State Road 31 and State Road 80. The net-leased Retail Shopping Center is ideally developed to capture retail foot traffic from both the north and south sides of the Caloosahatchee River, accessed by the State Road 31 bridge. The Shops at Verandah, Ltd. was the Seller of this net leased property.

CR South is partners with Continental Realty Corporation. Continental Realty Corporation was started in 1960. Continental Realty Corporation is a privately held commercial real estate company headquartered in Baltimore, Maryland. They have a diverse Investment Property portfolio of properties worth more than $1 Billion. Their diverse Investment Property portfolio includes 7,000 apartment units and 3,000,000 square-feet of retail net lease properties and office space. Continental Realty Corporation will also provide asset management. The direct oversight of on-site commercial property management will be provided by Colliers International of Fort Myers. The Tenants in need of leasing will go through Doug Olson of LandQwest Commercial.

The Retail Shopping Center, Shops at Verandah is located at 11851 Palm Beach Boulevard, in Fort Myers, Florida with the Lee County zip code of 33905. The Shops at Verandah currently leases 19 tenants including Allstate Insurance, Beef O'Brady's, H&R Block and RE/MAX. The retail shopping center is approximately 94% net-leased. We are unaware of the purchase price or if a 1031 Exchange was in action for the net lease property. There are other separately owned freestanding properties with Regions Bank, Exxon Mobil, and Wachovia - Wells Fargo at this retail shopping center site.

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 Properties
  • 7-Eleven Net Lease Properties
  • Advance Auto Net Lease Properties
  • Ahold Net Lease Properties
  • Applebees Net Lease Properties
  • Arbys Net Lease Properties
  • AutoZone Net Lease Properties
  • Burger King Net Lease Properties
  • Chase Bank Net Lease Properties
  • Carl's Jr Net Lease Properties
  • Chick-fil-a Net Lease Properties
  • Costco Net Lease Properties
  • CVS Net Lease Properties
  • Delhaize Net Lease Properties
  • Dollar General Net Lease Properties
  • Dollar Tree Net Lease Properties
  • Dunkin Donuts Net Lease Properties
  • FedEx Net Lease Properties
  • GoodYear Net Lease Properties
  • Home Depot Net Lease Properties
  • IHOP Net Lease Properties
  • KFC Net Lease Properties
  • Kohl's Net Lease Properties
  • Kroger Net Lease Properties
  • Lowe's Net Lease Properties
  • McDonald's Net Lease Properties
  • O'reillys Net Lease Properties
  • Panera Bread Net Lease Properties
  • Pep Boys Net Lease Properties
  • Petsmart Net Lease Properties
  • Publix Net Lease Properties
  • Rite Aid Net Lease Properties
  • Safeway Net Lease Properties
  • Shell Oil Net Lease Properties
  • Staples Net Lease Properties
  • Steak-n-Shake Net Lease Properties
  • Taco Bell Net Lease Properties
  • Target Net Lease Properties
  • Verizon Net Lease Properties
  • Walgreen's Net Lease Properties
  • WalMart Net Lease Properties
  • Wendy's Net Lease Properties

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.

retail-shopping-centers-florida-fort-myers

Bookmark & Share
Bookmark and Share

Wednesday, January 26, 2011

Absolute NNN Lease Properties in North Carolina

triple-net-lease-property-Best-Buy

Charlotte, North Carolina - The day's Net Lease Properties information today is from The NASCAR capital, Charlotte. A single tenant net leased property that has the Tenant, Best Buy, was purchased. The net leased property seller was an experienced commercial real estate investor from the Los Angeles, California area. At this time we are not privy to the net lease property selling price or if it was a 1031 Exchange.

A privately held commercial real estate investment firm negotiated the net leased property transaction for the Seller and the Purchaser. This privately held commercial real estate investment firm helped procure the sale of this single tenant net lease property, located in the Charlotte. The triple net lease property is approximately 50,079 square-feet in North Carolina and leased to electronics store giant, Best Buy. The triple net leased property is situated on 5 acres of premier North Carolina retail land. This net lease property was constructed in 1994 and was recently renovated in 2002. The net lease investment has Best Buy signed up to a 20 year absolute "NNN" triple net lease that commenced in 2003.

We have many NNN Commercial Real Estate investors seeking a multitude of net lease commercial property types such as office buildings, industrial properties, medical office buildings (MOB) and triple net lease properties. This Best Buy property buyer is a real estate investment trust (REIT). The net leased property buyer purchased the property due to the properties strong retail fundamentals. Also, NNN Commercial Real Estate investors enjoy a net lease investment with a corporate guaranteed lease from Best Buy. The triple net leased property buyer was able to assume existing Investment Property financing on the property that is being serviced by a major Bank. More and more real estate investment trust (REITs) have become big players in the triple net lease properties market.

We searched other NNN Commercial Real Estate with Best Buy as a net-leased Tenant. We found recently Constructed and very young triple net lease properties available. Such as net lease property sites that were highly desired by a great Tenant, Best Buy. Triple Net Lease Properties with large, open floor plan with approximately 49,790 square feet. Triple Net Lease Properties with abundant Parking spots for retail foot traffic that are surrounded by other national Tenants in a retail district. Another major point for retail triple net lease properties is to have prominent Freeway Signage with a high number of (VPD) cars per day. Some of the triple net lease properties with Best Buy have a Music Room.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

Bookmark & Share
Bookmark and Share

Tuesday, January 25, 2011

Florida Retail Shopping Center Sold to REIT

retail-shopping-centers-florida-net-office-depot
Fort Lauderdale, Florida - Our Net Lease Properties reports from the day come from a Sunny, but colder, south Florida. A retail shopping center sold in Davie, Florida. Davie is a western sub-market of Fort Lauderdale, Florida. The Tower Shops, which is an approximately 372,036 square foot retail shopping center in Davie, sold for $66.1 million. Turnberry Associates has sold the Tower Shops for approximately $26.5 million more than the balance of their commercial loan. The retail shopping center is located at 1904 S University Drive. This net lease property is near the intersection of University Drive and I-595, which are two major roads in Broward County, Florida.

The buyer of this net lease property was Federal Realty Investment Trust. Federal Realty Investment Trust is a real estate investment trust (REIT) that owns, manages and develops retail shopping centers and mixed-use properties. Federal Realty Investment Trust is a Rockville, Maryland-based REIT, and jumped on this value-add net lease property in South Florida. This net leased property offers a fantastic opportunity for expansion and increasing the net operating income (NOI).

This retail shopping center, Tower Shops is situated in a highly populated area with a population of about 325,790 within a five-mile radius to fuel retail traffic. The retail shopping center benefits from great national retail Tenants. This retail shopping center is anchored by The TJX Companies, Inc. (TJ Maxx) and Ross Stores Inc., Michaels, Old Navy and will wait for Best Buy. Best Buy is preparing to open a retail store later this year, possibly in the fall. Yes the Tower Shops had lost some tenants, including Linens ’N Things in recent years. However the retail shopping center has net-leased much of its vacant space with other Tenants including Office Depot, Dress Barn, Pep Boys, DSW, Carter’s, and Bath & Body Works.

This Florida retail shopping center is also shadow-anchored by Costco Wholesale Corporation and The Home Depot, Incorporated. A shadow anchor can be described as a major retail store that generates a great deal of customer foot traffic and provides customer attraction for another retail shopping center of which it itself is not a part. The commercial real estate with Home Depot and Costco at Tower Shops are owner-occupied so they were not included in this transaction. Also, we are unaware if a 1031 exchange was in play with this commercial real estate transaction

The net lease property seller, Turnberry Associates is one of the premier commercial real estate development and property management companies in the Country. Turnberry Associates have had an roller coaster ride with this economy. Turnberry Associates did lose their premier property, Fontainebleau Las Vegas to bankruptcy. However, Turnberry Associates received a commercial loan extension on their prestigious Turnberry Isle Resort & Club. The Turnberry Isle Resort & Club is a beautiful piece of commercial real estate in growing Aventura area, just north of Miami.

Federal Realty’s Investment Property portfolio (excluding joint venture properties) contains approximately 18.3 million square feet. Their commercial real estate is located for the most part in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest.

The Florida retail shopping center, Tower Shops is the third commercial property acquired by Federal Realty’s South Florida investment property portfolio. Federal Realty Investment Trust also owns some great property including Del Mar Village in Boca Raton and Courtyard Shops in Wellington. Federal Realty primarily owns Class-A shopping centers in desirable retail regions and high-growth areas. The commercial investment properties owned by the company are anchored by supermarkets, drug stores or high-volume retail net lease Tenants.

We specialize in providing Triple Net Lease Properties to investors for Acquisitions and Dispositions.

Bookmark & Share
Bookmark and Share

Monday, January 24, 2011

California Triple Net Lease Properties in 1031 Exchange


Denver, Colorado - Our Net Lease Properties reports are all about 1031 Exchange transactions for the evening. The first bit of 1031 Exchange information is on an Office Building being sold. A Commercial Real Estate Investor, B.S.F. Investment Group LLC purchased the Dry Creek Office Village complex. This net-lease property is located at 7200 E. Dry Creek Road in Centennial, Colorado. B.S.F. Investment Group was in a 1031 Exchange for this commercial real estate. They purchased it from F&C Holdings LLC for a 1031 Exchange. F&C Holdings LLC had purchased the Office Complex back in 2007 from Gerald Connell. F&C Holdings LLC bought the Office Complex for $3.2 million, or approximately $59 per square foot. They recently sold it for approximately $3.82 million, or about $70 per square foot. The Arapahoe County Office Complex had been marketed for sale at $4 Million.

More information on the progression of sales of this Dry Creek Office Village complex was Connell bought it in 1996 for $2.3 Million. This commercial real estate is an eight-building office park. This Commercial Property is known as a Class C office park that totals 54,195 square feet. The Commercial Property was originally built in 1978 and had some renovations completed in 2008.

Dry Creek Office Village complex is on 3.69 acres of value-add property. Dry Creek Office Village complex is situated at the corner of Dry Creek and Quebec, in Denver's Southeast submarket. Dry Creek Office Village complex totals approximately 54,197 square feet and benefits from a close proximity to I-25 and a new light rail development. "Value Add" means that a commercial property has the opportunity for the NNN Commercial Real Estate Investor to be able to increase the Net Operating Income (NOI).

We have more 1031 exchange information on net lease properties, from California. A Commercial Real Estate Investor, IMA Financial Corp. purchased a net lease property in a 1031 Exchange. This net lease property is located at 444 W. F Street in Oakdale, California. Oakdale, California is approximately 32 miles east of the Stockton Metropolitan Airport (SCK), located at 5000 S Airport Way, in Stockton.

The Net lease property seller was Whiteco Industries Inc. and they received $6.53 million. This net lease properties sales price equates to roughly $436 per square foot for the 1031 exchange replacement property. We are unaware if the buyer was able to assume existing Investment Property financing.

This triple net lease property has a high quality Tenant, Walgreen’s. The national drugstore chain net lease was built from the ground up just last November. The "NNN" triple net lease property is a 15,026-square-foot, freestanding retail building. Walgreen’s occupies 100% of the NNN property. Also, Walgreens has an absolute triple-net lease (NNN) for a 25-year initial term. This triple net lease just started in November of 2010, and has 50 one-year renewal options.

The "NNN" triple net lease property features a full pharmacy, digital photo lab and cosmetics center as well as a drive-through. The NNN Walgreens store has approximately 25 employees. Also, this NNN Walgreen's has a photo lab that features in-store full-size poster printing, a feature unavailable at most of the older Walgreen's.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.


Bookmark & Share
Bookmark and Share

Saturday, January 22, 2011

Sale-Leaseback Gas Stations and Convenience Stores

sale-leaseback-exxon-new-york-lease

Jericho, New York- Today we have Net Lease Properties information on Sale-Leasebacks of NNN Properties. Getty Realty Corp. has acquired 59 convenience stores in and around the northern suburbs of New York City. Getty Realty Corp. is the largest publicly traded real estate investment trust (REIT) that specializes in the ownership and net-leasing of service stations, convenience stores and petroleum distribution terminals in the United States.

Getty Realty Corp. also provides financing to the petroleum and convenience store industries for acquisitions, and site upgrades. They are currently refinancing through sale-leaseback and net lease financing programs. Getty Realty Corp. currently owns or leases approximately 1,109 service station and convenience store properties. These net lease properties and petroleum distribution terminals are spread out in twenty-one states.

The net sale-leaseback transactions were also in Westchester, Rockland counties and the lower Hudson Valley. Getty Realty Corp. is a locally headquartered real estate investment trust (REIT) and took ownership of the Mobil-branded properties. The sale-leaseback price for all nnn lease investments was for $111.3 million. A sale-leaseback is a very convenient process for commercial property owners to secure a quick cash infusion for this business.

The 59 nnn properties were acquired in a simultaneous sale-leaseback transaction with Exxon-Mobil, CPD NY Energy Corp. (a subsidiary of Chestnut Petroleum Distributors) and Getty Realty Corporation. The results are that CPD acquired a portfolio of 65 gasoline station and convenience stores from Exxon Mobil and simultaneously completed a sale-leaseback of most of the nnn properties with Getty Realty Corporation.

Now we get to the Investment Property financing portion of the sale-leaseback deal with gas stations and convenience stores. The majority of the net lease financing was provided by Getty with a sale-leaseback transaction with a long-term triple net lease. This NNN Lease contains an initial term of 15 years plus renewal options are available. The remainder of the net lease funding was provided by Getty to CPD under a secured, self-amortizing commercial loan. This new Commercial Loan will have a 10-year term.

The sale-leaseback NNN properties acquired by Getty are high volume locations with strong net operating histories. The NNN properties will continue to sell gas under the Mobil brand and will be operated by CPD NY Energy Corp. or by the existing independent dealers who will also be supplied fuel by CPD. These sale-leaseback NNN properties are located in strong markets with outstanding long term demographics that help fuel triple net lease properties.

Getty Realty Corp has a history of these sale-leaseback transaction that we saw in 2009. White Oak Petroleum L.L.C. sold 36 Exxon gasoline station and convenience store NNN properties for $49 million in 2009. This was a sale-leaseback transaction with Getty Realty Corp. acquiring the NNN commercial real estate. White Oak Petroleum L.L.C. was a Springfield, Virginia based company.

We have NNN Commercial Real Estate Buyers who like retail, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.



Bookmark & Share
Bookmark and Share

Thursday, January 20, 2011

Arizona Triple Net Lease Properties

nnn-triple-net-lease-properties-tucson-walgreens
Tucson, Arizona - We travel to Tuscon for Net Lease Properties information this afternoon. We want to report that Cole Credit Property Trust acquired a "NNN" triple net leased property with Walgreen's as Tenant. This triple net lease property is a freestanding absolute "NNN" single-tenant. This great triple net leased property with Walgreen’s is located in Tuscon, Arizona. The NNN Lease Investment is situated 1145 South Harrison Road, with the 85748 zip code. The Lot Size for this triple net leased property is 1.74 Acres.

The (NNN) triple net leased property seller was the Barclay Group. We were not informed if this was a 1031 Exchange. The (NNN) triple lease property seller received $5.09 million, or approximately $357 per square-foot. This triple net lease property has excellent visibility with ingress and egress easily achieved. The area of this triple net lease property has approximately 175,000 people with an average household income of $70,750 within a 10-mile radius. This NNN Lease Investment is a new Class A quality construction building. NNN Commercial Real Estate Investors enjoy investing in a fast growing, high traffic retail area.

The NNN Commercial Real Estate investors purchased this property with a new Walgreen’s corporate, (NNN) triple net lease. One of the reasons that we like Walgreen's (NYSE: WAG) as a Tenant is that they are rated A+ by Standard & Poor's. This triple net lease property comes with a 25-year primary term. The Percentage rent is 2% of gross sales except food if any, and drugs, if any plus 0.5 of gross sales on food and prescription drugs.

This NNN Lease Investment is an out-parcel to Target Greatland, and is also surrounded by dense residential development. This triple net lease property has a strong mix of national retail properties nearby. Some of the net leased properties nearby are Pier One, Fry' s, Ross, Bed Bath & Beyond, Office Max, Petco, Dress Barn, Subway and Starbucks for your coffee needs. Our NNN Commercial Real Estate Investors are wanting to purchase these types of net leased properties. This triple net lease property benefits from a Corner location. The average traffic counts of 35,639 cars per day (VPD) help fuel this NNN Lease Investment. The NNN Lease Investment is 14,490-square-foot for Walgreen’s to use 100% for their retail needs.

Cole Credit Property Trust III, Inc. (Cole REIT III) is a public, non-traded Real Estate Investment Trust (REIT). Cole Credit Property Trust performs investments in income-producing retail commercial real estate. Cole Credit Property Trust seeks to primarily invest in net lease properties with creditworthy tenants. Cole Credit Property Trust has a strategy to invest in NNN Commercial Real Estate under long-term, net leases. Cole REIT III seeks to provide investors with access to the highest quality retail commercial real estate properties, providing current income, reduced portfolio volatility and potential for capital appreciation.

We have NNN Commercial Real Estate Buyers who want retail properties, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you need financing for NNN Commercial Real Estate or Sale-Leaseback financing, you can apply for Commercial Loans at Loanrise.com.

nnn-triple-net-lease-properties-arizona-walgreens

Bookmark & Share
Bookmark and Share

Tuesday, January 18, 2011

NNN Lease Investment Sold with Kragen Tenant

triple-net-leased-property-Kragen-Oakland


Oakland, California - Our Net Lease Properties news today comes from the Bay Area, of California. We have many NNN Lease Investment Buyers looking for quality restaurant fast food properties for their Investment needs. However, AutoZone and other Auto Supply net leased properties have come of age. A NNN transaction from Oakland involved Equitas Investments, out of Hermosa Beach, California. Equitas Investments purchased a single-tenant (STNL), net-leased property with a great location. This triple net leased property might have been a hard sale for most NNN commercial real investors. As this triple net leased property had approximately two years left on the net-lease. As many NNN commercial real estate investors want long terms net leases, Equitas Investments jumped on this NNN deal.

The seller of this NNN Lease Investment was a charitable trust. This Kragen Auto Parts in Oakland, was marketed for approximately $1.8 Million. The triple net leased property was originally acquired from the commercial real estate developer in 1997. The NNN lease Investment is a 8,000 square foot retail property with a lot size of 32,000 square feet. The short term net lease presented Equitas Investments the opportunity to buy the NNN property at fair price. As we mentioned above the NNN Lease Investment was marketed at $1.8 Million but the closing price was not mentioned. Also, there was not information as to if the Seller of this triple net lease property was involved in a 1031 exchange.

This "NNN" triple net lease property is a freestanding building that is currently net-leased to CSK Auto Inc. for a Kragen Auto Parts store. Kragen O'Reilly Auto in net lease terms also talked that they would be receptive of renewing the net lease. This is an absolute NNN lease whereas the Tenant pays all taxes, insurance,and maintenance of interior and exterior. The Triple Net Leased Tenant is also responsible for the parking lot. Tenant has expressed interest for a new lease now. O'Reilly Automotive, Inc. announced planned purchase of Kragen/CSK Auto, Inc. on April 1, in 2008. O'Reilly Automotive, Inc. has the Nasdaq Symbol: ORLY.

Many Commercial Mortgage Lenders do not like to lend on NNN commercial real estate with very short lease terms remaining. This is why NNN commercial real estate buyers need to be able to pay all cash, or have their Investment Property financing previously arranged. The benefits of this Triple Net Leased Property is that it is at the signalized intersection of two of the most highly trafficked thoroughfares in Oakland. This triple net lease property is only a short distance from Oracle Arena & McAfee Coliseum, which are home to the Oakland A's and NFL Raiders.

Equitas Value Company is an affiliate of Equitas Investments, LLC and were established on the same core values of integrity, honesty, and trust. Equitas Investments and Equitas Value (referred to as “Equitas”) are both exclusively focused on small to mid size retail commercial real estate. They believe that an asset class is ready to compete favorably against other asset types. This strategy is over the long-term pursuit of risk adverse, generational core real estate with stable cash flow growth opportunities, and value add assets with significant profit potential through repositioning, releasing and redevelopment.

We have NNN Commercial Real Estate Buyers who like retail properties, and need 1031 Exchange property replacements. Contact Net Lease Properties to sell your net lease properties or purchase NNN Investment Property.


Bookmark & Share
Bookmark and Share

Monday, January 17, 2011

Sale of Triple Net Lease Properties in Florida

nnn-lease-investments-office-depot-Florida
Miami Beach, Florida - Many of our Net Lease Properties investors are pursuing properties, in sale-leaseback transactions and for 1031 Exchange replacement property. A privately held commercial real estate investment firm helped procure the sale of a retail net lease properties portfolio. This single tenant net lease (STNL) retail portfolio is currently leased to Office Depot. The commercial real estate investment firm represented the net lease properties seller and the buyer.

When it comes to franchisee tenants, investors today are focused on understanding the operators financials. These triple net lease properties have an excellent Tenant, as this Portfolio has Office Depot. This Investment Property portfolio contains 2 net-leased sites, both are located in Florida. The Net Lease Properties portfolio sold for a combined price of $6.6 Million. These two triple net lease properties are leased on an absolute "NNN" triple net basis. The initial net-lease term was 20 years on an absolute "NNN" triple net lease basis with approximately 8 years remaining.

The one net lease investment consists of an approximately 29,957 square-foot, single story retail building. The net lease investment was completed in 1998. The triple net lease property is on the northwest corner of W. Granada Blvd. And Orchard Street, in Ormond Beach. The address of 405 W Granada Street, Ormond Beach, Florida, 32174, is a great location for a NNN Lease Investments. This net lease investment location also is a signalized intersection. This area has a wide variety of net lease Tenants including Arby's, Taco Bell and Wachovia Bank. Other net-lease tenants in the immediate area of Ormond Beach are Winn Dixie Supermarket, Subway, Golds Gym, Ace Hardware, Michelin Tire Store, Domino' s and many other regional and local tenants. Also a nice NNN Lease Investment tenant nearby is Wendy's. This location benefits from approximately 32,000 Cars Per Day (VPD) Traffic Count.

The seller of the triple net lease properties portfolio is a private investor who is based out of California. This triple net leased property portfolio was sold to an investor in a 1031 tax deferred exchange. The 1031 Exchange Investor is also based out of the State of California. The buyer was able to assume existing Investment Property financing at a favorable interest rate. This NNN Commercial Real Estate transaction gave an excellent cash on cash return to the 1031 Exchange Buyer.

We saw the extension of unemployment benefits and the Bush tax cuts have helped somewhat. Although some NNN Commercial Real Estate analysts would like to see the Bush Tax cuts remain past the 2 year extension. This has also helped release capital that was previously sitting on the sidelines, to invest in triple net lease properties.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

Contact Us for:
Triple Net Lease Properties
Investment Property For Sale
Net Leased Properties
1031 Exchange Property Solutions
NNN Lease Investments
NNN Commercial Real Estate


Bookmark & Share
Bookmark and Share

Friday, January 14, 2011

Commercial Real Estate Investors Buy Retail Shopping Centers

retail-shopping-centers-florida-hhgregg

Daytona Beach, Florida - Net Lease Properties information this afternoon is on Florida Retail Shopping Centers being purchased. Cole Real Estate Investments (Cole) has purchased two Florida retail shopping centers in separate commercial real estate deals. The purchase price for these net lease properties is broken down as $31 million for Volusia Square and $16 Million for Breakfast Point Marketplace.

Volusia Square is located at 2455 W. International Speedway Blvd., in the Racing Capital of Daytona Beach, Florida. This Retail Shopping Center is in a popular location at W. International Speedway Boulevard and N. Williamson Boulevard. This Retail Shopping Center has net leased Tenants that include Home Depot, Toys "R" Us, Ross, TJ Maxx and HH Gregg among others. This net leased property adjacent to Daytona International Airport and Daytona International Speedway also has Hobby Lobby, Bealls Outlet and Pier 1 Imports. Retail Planning Corporation sold the net lease property for $31 million, but it is not known if a 1031 exchange was in play. Volusia Square is an approximately 228,139-square-foot retail shopping center that is currently 96% leased.

The entire NNN Commercial Real Estate purchase totaled $47 Million as Columbia Properties received $16 million for their net lease property. We are unaware if the Breakfast Point Marketplace Sellers were in a 1031 Exchange. The Breakfast Point Marketplace is a 97,931 square foot Retail Shopping Center. They have main anchor-tenants Publix and Office Depot at this community retail shopping center in Panama City Beach. Panama City Beach, in Bay County Florida, is one of world’s most beautiful beaches. The net lease property was built in 2009. The Retail Shopping Center is located at the northeast corner of Panama City Beach Parkway and Richard Jackson Boulevard.

This Publix Anchored Retail Shopping Center is a Class A property and is approximately 99% leased. Publix, the fastest growing employee owned supermarket chain in the United States, has over 650 stores in Florida. Publix SuperMarket won the highest rank among supermarkets in 2007. Publix was ranked one of the top ten companies on Forbes list of largest privately owned companies in 2006.

The Retail Shopping Center, Breakfast Point Marketplace is ideally located on U.S. Highway 98. This net leased property serves the area's rapidly growing residential community, explosive condo market, and approximately 7 million tourists visiting each year. The new Bay County International Airport recently opened and contains travel channels throughout the U.S., Europe and Asia. This Retail Shopping Center has High-end architecture and finishes that identifies this property as a high-end destination. This Retail Shopping Center caters to the middle to upper demographic, as Panama City Beach has become a sought after travel destination.

We have NNN Commercial Real Estate Buyers who like retail properties, and need 1031 Exchange property replacements. Contact Net Lease Properties to sell your net lease properties or purchase NNN Investment Property.

net-lease-investments-daytona-beach


Bookmark & Share
Bookmark and Share

Thursday, January 13, 2011

Retail Shopping Centers with Panera Bread Sold

retail-shopping-centers-panera-bread

Shrewsbury, Massachusetts - We have Net Lease Properties information on a pair of Retail Shopping Centers. A (JV) joint venture with Charter Realty & Development and Acadia Realty Trust purchased a pair of Shrewsbury Retail shopping centers. The net lease properties purchase price was $56 million. This Retail Shopping Center has approximately 59,000 cars passing by this daily.

The net-leased, Historical Retail Shopping Center known as White City Shopping Center was one of the properties. This net leased property is located at 50 Boston Turnpike, in Shrewsbury, Massachusetts. This Retail Shopping Center has a recently renovated facade. The Retail shopping center is very busy and is anchored by Shaw's and Michael's Crafts. The Retail Shopping Center has more notable tenants including I Party, World Gym, Dress Barn and Dress Barn Woman. One of our favorite tenants at this net lease property is Panera Bread. Also, White City Shopping Center is a supermarket-anchored retail shopping center that is situated on Route 9. This Retail Shopping Center with the great food establishments is the main draw during lunch for the Medical center that is less than one mile away.

The second Retail Shopping Center is known as White City East, and is located across Quinsigamond Ave. The Retail Shopping Centers total 280,000 square-feet of net leaseable space. The Retail Shopping Center, White City was built in the early part of the 1960's. Some NNN Commercial Real Estate analysts see White City is a landmark retail shopping center for the community in the central Massachusetts retail area. The Retail Shopping Centers are approximately 95% leased. This Retail Shopping Center has been owned and managed by its original developer since the 1960's.

Triple Net Lease Properties Buyers are often looking for the best deal for them as well they should. This transaction had the Commercial Real Estate Brokers praising this group of Triple Net Lease Properties Buyers. The Triple Net Lease Properties Buyers searched for a prime retail shopping center with high occupancy and tenant longevity. Acadia Strategic Opportunity Fund III, LLC, is a discretionary investment fund that is managed by Acadia Realty Trust (“Acadia”).

A National Bank had helped with this transaction for the Investment Property financing. Loanrise.com offers a comprehensive assessment of triple net lease properties financing needs be it for short term requirements or long-term goals.

Charter Realty & Development Corp. is a commercial real estate investment, development, and leasing company. This commercial real estate investment specializes in retail properties and triple net lease properties. The commercial real estate investment Company was founded in 1993 by Paul Brandes and Daniel Zelson. Since its founding, Charter Realty & Development Corp. has acquired and developed more than forty retail shopping centers and freestanding net leased properties.

Contact Net Lease Properties for a wide array of NNN Lease Investments to be part of your total investment portfolio.

grocery-anchored-retail-shopping-center

Bookmark & Share
Bookmark and Share

Wednesday, January 12, 2011

Retail Shopping Centers Acquired by Israeli Firm

retail-shopping-centers-net-leased

Tel Aviv, Israel - Our Global Net Lease Properties information comes from Tel Aviv, Israel. We see a major announcement regarding the acquisition of seven U.S. shopping centers for $75 million. Elbit Imaging Ltd. (TASE, NASDAQ: EMITF) ("Elbit") has reported that it has an indirect subsidiary sign a Commercial Real Estate Purchase and Sales Agreement. EPN Investment Management, LLC ("EPN"), has agreed to purchase net lease properties from certain affiliates of Charter Hall Retail REIT. EPN Investment entered into this agreement with Charter Hall as part of a joint venture (JV). This JV is with Elbit and Plaza Centers N.V. subsidiary, Eastgate Property L.L.C. and EPN Real Estate Fund L.P. for the net lease properties purchase. We not that from the second quarter of 2009 to the second quarter of 2010, Foreign investments have skyrocketed over 200%.

This Investment Property Portfolio consists of seven retail shopping centers which are located in Georgia, Oregon and Florida. These Net Lease Properties have a Net Operating Income (NOI) of approximately $7.0 million, which gives an attractive annual yield of approximately 9.2%. These net-leased retail shopping centers have a total Gross Lettable Area (GLA) of approximately 657,000 square-feet (approximately 60,000 square meters). Currently the net-leased retail shopping centers have an occupancy rate of approximately 91.0%. The Purchase Price of the Net Leased Properties is $75 million, out of which $22.7 million shall be paid by way of assumption of a commercial loan. This Commercial Loan assumption is a contingency for the deal to close.

EPN Investment Management, LLC ("EPN") did not mention which exact retail shopping centers were purchased. However, Sydney, Australia-based Charter Hall Retail's seven Georgia retail shopping centers are all situated in metro Atlanta. This area is hot for our NNN Commercial Real Estate Investors seeking opportunity. Charter Hall Retail's Atlanta holdings include the Lindbergh Crossing retail shopping center, Northlake Promenade shopping center, Roswell Crossing, and the net-leased Woodstock Crossing. The retail shopping centers have fantastic National Retail tenants which includes Trader Joe's and Marshalls. These net lease properties were not announced to be part of a 1031 Exchange.

The Roswell Crossing Retail Shopping Center is located at 625 W Crossville Road, in Roswell, Georgia with 30075 as the zip code. This Retail Shopping Center has a mix of national tenants such as PetSmart, OfficeMax and Walgreen’s. This Retail Shopping Center also has one our favorite grocery specialty store, Trader Joe's. This Retail Shopping Center has an affluent customer base with an average household income that exceeds $125,000, within a 3-mile radius. This net-leased Retail Shopping Center is positioned at an intersection with very heavy traffic. This Atlanta suburb intersection is Hwy 92 and King Rd. The Roswell Crossing Retail Shopping Center benefits from approximately 52,000 vehicles per day (VPD).

The Roswell Crossing Retail Shopping Center is near other net-leased Tenants including Outback, Arby's, Taco Mac, and many more. Retailers such as Kohl's, Linens N Things, ABC, and other major retailers are in close proximity including Publix and Home Depot. The Roswell Crossing Retail Shopping Center is also surrounded by office building as well for retail foot traffic.

We have NNN Commercial Real Estate Buyers who like retail, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

Bookmark & Share
Bookmark and Share

Tuesday, January 11, 2011

Dollar General in Net Lease Properties

triple-net-leased-property-Dollar-General
Atlanta, Georgia - Our information today on Net Lease Properties is concerning an Investment Property Portfolio. The Buyer of the Net Lease Properties is an affiliate of Inland Diversified Real Estate Trust, Incorporation. Inland Diversified Real Estate Trust Inc. focuses on acquiring commercial real estate property located in the United States and Canada. Inland Diversified Real Estate Trust has been known to acquire REITs (real estate investment trust) and other commercial real estate operating companies. Inland Real Estate Investment Corporation is located on Butterfield Road in Oak Brook, Illinois.

Inland Diversified Real Estate Trust Inc. has a strategy wish ambition to a obtain triple net lease properties or entities owning commercial real estate properties such as:

•retail properties (Credit Tenants are preferred)
•office buildings
•Apartment Building Complexes, multi-family properties, student housing properties
•industrial properties or distribution centers and warehouse facilities
•lodging properties
•medical office buildings (MOB) and healthcare-related facilities
triple net lease properties, (STNL) single use properties of similar type.


Inland Diversified Real Estate Trust, Inc. has purchased nine Dollar General stores in this Investment Property Portfolio. The Investment Property Portfolio has the assets located in Alabama and Georgia. The net lease properties in the Investment Property portfolio contains between 8,982 and 10,640 square feet. These net lease properties with the Tenant, Dollar Tree were constructed in 2009 and 2010. The total square footage of the net lease properties portfolio purchase was 82,818. The annualized base rent is $716,189, or $8.65 per square foot. The net lease properties portfolio was purchased for $8.5 million.

Each property is 100% occupied by Dollar General Corporation ("Dollar General"), pursuant to a fifteen year, triple-net lease expiring in 2025. These net lease properties have net-leases which are renewable for (five) five-year terms that are available for the Dollar General Tenant. We did not find information on the Investment Property financing.

The seller of the Net Lease Properties portfolio was Sherwin Real Estate, Inc.. We were unable to find much on their other commercial real estate transactions. Sherwin Real Estate, Inc. sold this Net Lease Properties Portfolio with an average cap rate of 8.15%. This is a suitable cap rate and these Dollar General net leased properties are great for a 1031 Exchange property replacement. Dollar General is a Strong Tenant and recently had a 'BB-' Standard & Poors Rating.

We had previous Net Lease Properties news for Inland Real Estate Acquisitions, Inc back in September. Inland Real Estate Acquisitions, Inc purchased a 69,000 square-foot freestanding retail building in Bend, Oregon. That net lease investment is occupied by Kohl's Department Stores, Inc., which is a subsidiary of Kohl's Corporation (Kohl's). Kohl's Department Stores occupies the commercial real estate property with a net-lease that extends through 2030. That net lease property with Kohl's has a contract with multiple renewal options.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

Contact Us for:
Triple Net Lease Properties
Investment Property For Sale
Net Leased Properties
1031 Exchange Property Solutions
NNN Lease Investments
NNN Commercial Real Estate

triple-net-lease-properties-Dollar-General

Bookmark & Share
Bookmark and Share