Wednesday, January 26, 2011
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.
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