Wednesday, January 5, 2011
Winston-Salem, North Carolina - Our Net Lease Properties information come from the southeast, North Carolina and Georgia. Both areas are fine sources for triple net lease properties for a 1031 Exchange replacement property. The net lease property in Norcross, Georgia renewed a net lease with Krispy Kreme. The "Hot Now" bright red light will remain on for this net lease property. Krispy Kreme Doughnut Corporation has renewed 32,000 square feet for 10 years in a net lease. This net leased property is located at 4320 International Blvd., in Norcross. Norcross is about 29 miles north-east of the Hartsfield-Jackson Atlanta International Airport (ATL), which is located at North Terminal Pkwy, Atlanta, Georgia.
A few years back, Krispy Kreme Doughnut Corp. (Winston-Salem, North Carolina) was little known outside the Southeast. However in 1996, the company began a growth trend that would lead to an international presence. As new Krispy Kreme franchises sprang up, however, the company's distribution system was not up to par for this expansion. Some innovations at this Norcross net leased property were completed to help the Distribution Solution increases order fulfillment accuracy. We were told that Krispy Kreme conducted an investment property search for alternatives. However this Norcross net leased property owner offered concessions allowing the Krispy Kreme to make improvements on the net leased property.
A few months back we were informed that a net lease property in Winston-Salem signed Krispy Kreme to a long term lease. Krispy Kreme use this net lease property as its headquarters. This net lease property is located at 370 Knollwood Street in Winston-Salem, North Carolina. This net lease property owner is Highwoods Properties. This net leased property is a six-story, 86,335-square-foot office building. The net lease property is situated in South Forsyth County, near Miller Park. The donut maker, Krispy Kreme leases approximately 59,000 square feet.
The net lease property owner is impressed with the management team at 370 Knollwood. The net lease property owner, Highwoods Properties, Inc. is a commercial real estate investment trust (REIT). Highwoods Properties (REIT) has interests in office properties, industrial property, retail triple net lease properties. Highwoods Properties (REIT) also owns and manages service center properties, and development projects and apartment building complexes. It also provides customer-related and fee-based real estate management services for their NNN Commercial Real Estate and for third-party clients.
As of last year, Highwoods had interests in 377 in-service office, industrial holdings and retail properties, with 35.5 million square feet of gross leaseable space. In addition, Highwoods Properties (REIT) also owned 581 acres of developable land. The commercial real estate in their Investment Property portfolio can be examples for a 1031 Exchange Replacement Property.
For net lease tenant information, Krispy Kreme is a unique company and brand that has become increasingly more recognizable around the world. Kripy Kreme has been in business for over 70 years. They are increasing its international presence and adding another 40 stores in the United Kingdom and Ireland over the next few years. Krispy Kreme offers premium-quality doughnuts and great-tasting coffee across 560 locations around the world.
Here are some net lease properties that may be available:
Aaron Rents Net Lease Properties
Bimbo Bakery Distribution Centers
FedEx Freight Distribution Centers
Flowers Foods Net Lease Properties
Best Buy Net Lease Properties
Big 5 Sporting Goods Net Lease Properties
Burger King Net Lease Properties
CVS Pharmacy Net Lease Properties
Dollar General Net Lease Properties
Haverty's Net Lease Properties
Ingle's Net Lease Properties
Jack in the Box Net Lease Properties
PetSmart Inc. Net Lease Properties
Tractor Supply Co. Net Lease Properties
U.S. Bank Net Lease Properties
NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.
If you need financing for Commercial Real Estate or Investment Property financing, you can apply for Commercial Loans at Loanrise.com.
Bookmark & Share