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Tuesday, January 11, 2011

Dollar General in Net Lease Properties

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


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