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Monday, February 28, 2011

Georgia Net Leased Medical Office Building Sold


Atlanta, Georgia - Our Net Lease Properties news is on the Medical Office Buildings (MOB) sector of commercial real estate. A net leased property that was a medical office building REO sold for $10,100,000. The net leased property is the Marietta Medical Center. This MOB Net leased property is located at 790 Church St. in Marietta, Georgia. Marietta is one of metro Atlanta's largest suburbs with some affluent neighborhoods. A Joint Venture (JV) bought this net leased property from a Credit Union.

This joint venture (JV) was made up of a local Atlanta-based commercial real estate company, Ackerman & Co. and the Boston-based Marcus Partners. The Net Leased Property seller was the State Farm Federal Credit Union. The net leased property sold for $10,100,000, which equates to about $104 per square-foot. The joint venture is called Marietta Medical Center LLC, for the acquisition of this net leased property.

The (MOB) net leased property was built in 1989, and had renovations completed in 2002. New renovations are planned to help increase the net operating income (NOI). The net leased property is situated on approximately 4.9-acres of commercial zoned land that is rectangular shaped. This net leased property is a five-story, well built concrete building. The net leased property is approximately 98,541 square-feet with the zip code of 30060, in Cobb County, Georgia.

This Georgia (MOB) medical office building is approximately 54% net leased. The buyers, Marietta Medical Center LLC are in belief with their local Atlanta net lease expertise that they will increase their occupancy. This net leased property was well designed with two-level entrances which are highlighted by a two-story atrium. This lush atrium overlooks an exterior patio area, which can enable the property to attract new tenants in the Medical profession. There is ample parking with a three-level parking deck that consists of over 410 parking spaces. This parking deck has access to the MOB on both the ground level and first floor.

The net leased property has advantages being less than five minutes from both I-75 and the revamped downtown Marietta Square. Interstate 75 is a major north-south highway which provides access to both Hartsfield International Airport and the Atlanta metropolitan area. This net leased property has an elevated position making it attractive to net leased tenants who enjoy its magnificent panoramic views of the surrounding areas. This Marietta area is prime for NNN Commercial Real Estate investments.

Global Investment House (Global) had owned this MOB back in 2006. Global Investment House had a strategy that was formulated to acquire these Medical Office Buildings for their investment property portfolio. The total value of the Net lease investment in 2006 was approximately $21 Million. However, Global Investment House had an equity position which was approximately $7.4 million.

The NNN Lease Investment owner in 2002 had started a comprehensive renovation that included the installation of a new chiller, the updating and reconfiguration of the lobby, the resealing the net lease property's windows, the replacement of half of the roof's surface and the resealing of the expansion joints in the parking deck.

The net leased property has an excellent location across the street from WellStar Kennestone Hospital. The WellStar Kennestone Hospital is a 493-bed regional hospital, which helps make this net lease investment very attractive. The Atlanta suburb hospital services a region of more than 600,523 people. The hospital's emergency room is ranked as the Georgia's busiest (ER) room. The WellStar Kennestone Hospital has been known to treat up to 100,000 patients or more.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.

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

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Friday, February 25, 2011

Tiger Direct Triple Net Leased Property in Illinois

TigerDirect-triple-net-leased-Miami-Beach
Chicago, Illinois - Our Net Lease Properties news today is on a very unique net leased Tenant. A net lease investment sold with Tiger Direct as the net leased Tenant. TigerDirect (Tigerdirect.com) was established, in Miami, to serve the needs of computer users. TigerDirect is currently one of the industry's top computer and computer-product retailers. Their web site has been ranked among the New York Times' "Top 25 Online Retailers".

The net leased property seller was two investment Groups, Shorewood Development Group LLC and Oxford Development Partners LLC. The net leased property sellers received $6.1 million or approximately $182 per square foot for a NNN Retail Property. This NNN Lease Property was a former Circuit City retail property. This triple net lease property is located at 551 N. Milwaukee Avenue, in Vernon Hills, Illinois. Vernon Hills is approximately 35 miles north of Chicago. Vernon Hills is near the affluent town of Lake Forrest, Illinois. Lake Forrest has an extremely high median family income and median home price.

The triple net leased property Buyer was Samir Financial Services Incorporated. This triple net leased property is approximately 33,399 square feet and it is a single story, retail property. The former Circuit City retail property has Tiger Direct on a 10-year triple-net lease. This property was built in 1994. The net leased tenant, Tiger Direct, will benefit from a recent renovation of the property.

This NNN Lease Investment is a Free standing, Out-parcel to a power center with Home Depot, JoAnn, DSW, Bed Bath & Beyond, Ashley, Old Navy, Kohls & Sams Club. The triple net leased property is near the traffic light on Milwaukee Avenue, just south of Townline Road. A nearby Retail Shopping Center, the Hawthorn Mall is approximately 1 block away from the NNN Lease Investment with Tiger Direct.

The Marketplace at Vernon Hills is the nearby retail power center, originally developed as a Builders Square in 1993. In 1999, the excellent net lease tenant, Home Depot assumed the NNN Lease. The Marketplace at Vernon Hills was a value-add property and was expanded upon in recent years. We are not aware of any CTL Financing on this transaction.

The NNN Commercial Real Estate was originally developed as a Builders Square in 1993 and The Home Depot assumed the lease in 1999. Due to the age of the lease, The Home Depot's lease rate is significantly below market. The Power Center, NNN Lease property is on a parcel that is approximately 9.27 acres and has approximately 579 parking spaces on the Illinois Investment property. The Vernon Hills retail power center is in the heart of one of the strongest and most sought after retail trade areas in the Chicago area.

The Marketplace at Vernon Hills also is near Sam's Club and Kohl's which are located immediately to the south of the NNN Leased property. The Marketplace of Vernon Hills also has a fine tenant, and that is Caribou Coffee. This Caribou Coffee is located at 375 North Milwaukee in Vernon Hills. These NNN Lease Investments are in a established trade area with over 130,000 people with average household incomes exceeding $129,900 within a 5-mile radius.

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

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Wednesday, February 23, 2011

Streets of Buckhead Retail Property Changes Developers

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Atlanta, Georgia - This afternoon our Net Lease Properties information is on a massive development that had stalled. This distinctive retail net leased property and mixed-use development is in Buckhead, the upscale suburb of Atlanta. The commercial real estate developer, OliverMcMillan has acquired The Streets of Buckhead. OliverMcMillan has plans for this to restart construction on this stalled mixed-use commercial real estate project. This retail net leased property development consists of six-blocks, and on eight-acres for development of a luxury mixed-use project. This Commercial Real Estate transaction is scheduled to close soon.

The commercial real estate development firm, OliverMcMillan, is from San Diego, California. The Commercial Real Estate Developer OliverMcMillan was brought in December to finish this project that will cost approximately $1.5 billion. This project "The Streets of Buckhead" was anticipated to be the Atlanta's answer to "Rodeo Drive”. The economic problems had brought a halt to this highly anticipated luxury retail commercial real estate development.

This commercial real estate development firm, OliverMcMillan, is well known for mixed-used developments. Apparently, financial backers on this project suggested OliverMcMillan to take over for the well-known Atlanta developer Ben Carter. Atlanta developer Ben Carter had a fantastic plan for "The Streets of Buckhead" and he started this retail, mixed-used development in 2006.

The financial backers believe the San Diego firm OliverMcMillan will bring in an influx of investment property financing. Atlanta developer Ben Carter and his team had put in hard work but the economy and financial crisis were too difficult to overcome.

The Streets of Buckhead is situated in the heart of Buckhead, which is already an area with outstanding triple net lease properties, and retail shopping centers. The Streets of Buckhead is not OliverMcMillan’s first rodeo. OliverMcMillan has developed plenty of mixed-use commercial real estate projects. OliverMcMillan has been developing commercial real estate for about 20-years. The CEO of OliverMcMillan, Dene Oliver, believes that "The Streets of Buckhead" is a prime example of transforming urban properties into extremely attractive retail and mixed-use property developments. OliverMcMillan plans for this project to be a special pedestrian-oriented mixed-used development which will coincide with the historic jewel community of Buckhead.

OliverMcMillan is approaching The Streets of Buckhead project as an opportunity to really shine. OliverMcMillan has been reported as promising to make this a Class A development in Buckhead, with high-end retail net leased space, and excellent restaurants and caf├ęs. The Streets of Buckhead design plan will be tweaked to welcome people who want to live in of of two residential apartment / Condominium towers. To finish out the mixed-use property development, OliverMcMillan will boutique offices that can be net leased. This luxury shopping district in Buckhead (Atlanta) will be designed to be the envy of the South. Palm Beach's Worth Avenue may want to take note of the plans from the OliverMcMillan commercial real estate development firm.

OliverMcMillan has a reputation for success and creating award-winning commercial real estate developments. The OliverMcMillan firm purchased a 489-unit, 48-story project, in the later part of 2009. That project is situated in Honolulu, and is called Pacifica. When OliverMcMillan firm took over that project it was approximately 43% complete. OliverMcMillan restarted construction on that $300 million mixed-use property and then renewed a sales program in February of 2010. That Honolulu condominium project is currently about 84% sold, already topped out, and moving on to be completed in the Fall of 2011. The OliverMcMillan firm is currently working on more troubled commercial real estate developments in California. Those troubled commercial developments are located in San Francisco and San Diego.

The Streets of Buckhead will become an exclusive, luxury retail and mixed-use redevelopment. This retail development is being constructed in place of Atlanta's former Buckhead Village. This luxury retail development sits in the middle of Atlanta's affluent Buckhead community.

Here's what can be found within The Streets of Buckhead:
*Nearly 600,000 square feet of retail and restaurant space dedicated to internationally celebrated, iconic brands, including such sought-after names as Hermes, Oscar de la Renta, Brioni, jeweler Van Cleef & Arpels, Brunello Cucinelli and many more.
*Many of the world's finest restaurants such as Japonais, Delicatessen, Le Bilboquet, Chef Art Smith and many more.
*"Art on the Streets," an arts program that will display extraordinary works of contemporary artwork and sculpture in prominent locations throughout The Streets of Buckhead. This program started with artwork produced by Frank Stella, "K.3" (2007)
*Within a few miles and easily accessible from four major highways I-75, I-85, I-285 and the Georgia 400

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

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Tuesday, February 22, 2011

Facebook in Sale-leaseback with Silicon Valley Property

Facebook-net-leased-properties-venture-capital
Menlo Park, California - Our Net Lease Properties news today is from an excellent area in California, the town of Menlo Park. This commercial real estate news involves some big names in Silicon Valley and beyond. Facebook will be moving its corporate headquarters to the old Sun Microsystems campus in Menlo Park.

Facebook is to acquire the former corporate campus of Sun Microsystems first. Facebook will then dive into a sale-leaseback with Deutsche Bank AG’s RREEF. RREEF LLC is a commercial real estate asset manager for Deutsche Bank AG. RREEF LLC had represented their client, the Wisconsin State Investment Board, and bought the property from Oracle for approximately $100 million. We are not aware if Deutsche Bank AG’s RREEF was entered into a 1031 Exchange with this property.

The sale-leaseback property was constructed between 1993 and 1995. The net leased property was the corporate headquarters for Sun Microsystems until it was acquired by Oracle. Facebook will rent the commercial property that is approximately one million square-feet. This sale-leaseback property is a nine building campus. Facebook will enter into a 15-year sale-leaseback contract. Facebook worked diligently and has an option to purchase this net leased property in five years.

This is the largest net lease deal in Silicon Valley since 1991, back when Apple signed an a net lease agreement on approximately 865,116-square-feet. Facebook, one of the fast-growing companies, is moving their headquarters from Palo Alto, California. Facebook was looking for a space that they can grow into, taking care of their long-term business needs. This will also allow them to remain in the Silicon Valley area and be in an area that offers a "small-community feel."

When this deal was wrapping up, Facebook acquired the adjacent commercial property. That commercial property is owned by an affiliate of the car manufacturing Titan, Ford Motors. These two Menlo Park commercial properties are connected via an underground commuter tunnel. However Facebook has no current plans to develop that commercial property, and can use that for future growth of a joint venture (JV).

Facebook has agreed in their net lease property deal to foot the bill for remodeling the building, to suit its needs. Obviously, Facebook can afford this as they recently received a major investment worth approximately $1.5 billion. The general contractor who is currently renovating one of the newly acquired buildings is SC Builders Inc. of Sunnyvale, California.

The sale-leaseback property is located at 10 Network Circle, in Menlo Park, with 94025 as their zip code. The sale-leaseback property is situated on 57 acres. Facebook Employees will be able to move to the new corporate headquarters in waves. The plan could have Facebook Employees start to move as soon as June or July. The growing company, Facebook employs over 2,000 people. Currently, Facebook has approximately 1,400 of them are in the Palo Alto location. Facebook also has offices in 10 United States cities and a dozen international locations, including London, Tokyo and in Paris, France.

Menlo Park is a magnificent area, just a few minutes away from the current Palo Alto Facebook headquarters. This south Bay Area is excellent for NNN Commercial Real Estate and has been a venture-capital hub for quite some time. Some of the (VC) Venture Capital Firms headquartered here are Khosla Ventures, Kleiner Perkins Caufield & Byers, Sequoia Capital and Silver Lake Partners. These Venture capital firms are heavily populated along the Sand Hill Road area.

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

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.
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Sunday, February 20, 2011

Best Buy Net Leased Property in Michigan

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Marquette, Michigan - Our Net Lease Properties information today comes from the U. P., Upper Peninsula of Michigan. It is a rarity to get Net lease properties from upstate Michigan, although there are some prized properties up there. A net leased investment brokerage firm has recently helped with the sale of a single tenant net leased property (STNL). The net leased property buyer is a (REIT) real estate investment trust that is based in California.

Many NNN Commercial Real Estate Investors are in search of a sustainable revenue stream by renting the commercial property to a high quality tenant or Credit Tenant (CTL). This Michigan net leased property that sold was net leased to Best Buy. This net leased property sold for $4,952,000. The Michigan net leased property consists of a building that is approximately 30,119 square feet and is situated on approximately 4.90 acres. The seller of this Michigan net leased property was a Midwest private partnership.

The Tenant of this net leased property, Best Buy, had a highly anticipated opening just before the holidays of 2010. It was originally anticipated to open in 2009, although delays set in. This net leased property with Best Buy is situated in Marquette Township was generous, and presented the United Way with a check for $10,000. The Best Buy net lease investment is on the south side of US 41 at the well traveled Brickyard intersection. The net leased investment is near a newer Lowes commercial property and a future Tractor Supply store is proposed as a neighbor. We are unaware of any Commercial Loans on the net leased investment.

Our NNN Commercial Real Estate Investors are willing to purchase property with Investment grade tenants, long term net leases, in high traffic count areas. These Triple net lease properties are outstanding for 1031 exchange replacement properties.

Other Marquette net leased properties have Tenants such as Starbucks, Quiznos, Advance America, Papa Murphy's Pizza, H&R Block, and CitiFinancial. Pier One Imports, Michael's Arts and Crafts, Wal-Mart Super Center, Kohl's and Target are also nearby net leased tenants in the Marquette area. There is a nearby Retail Shopping Center called Westwood Mall. This Retail Shopping Center major tenants include JC Penney, Barnes & Noble, MC Sports, Jandron's Fine Jewelry and Radio Shack.

Commercial Real Estate investors in the acquisition or disposition of triple net lease properties, single-tenant and retail shopping centers, can contact Net Lease Properties Site.

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Friday, February 18, 2011

Walgreens Net Leased Property Sold in California

Walgreens-net-leased-property-California

Los Angeles, California - We have Net Lease Properties news today on what could be the highest price paid for a net leased property with Walgreen's. Recent acquisitions of net leased properties with Walgreen's as Tenant have sold between $4 Million to $7 Million. This net leased property, single-tenant drugstore sold for $10,700,000 million which equates to approximately $1,367 per square foot. This NNN Commercial Real Estate transaction has closed before the completion of the project. NNN Commercial Real Estate analysts have reported that this is the highest price per square-foot, that was paid for a single-tenant net-leased drugstore property in the United States.

Recently, the Del Taco was situated at 6766 Santa Monica Blvd. however it was torn down for the new tenant Walgreen's. The Hollywood Del Taco on Santa Monica and Highland Avenue closed down on July 29, 2010 to make room for the net leased property with Walgreen's. This new net leased property with Walgreen’s is under construction on the site and with all things going as planned, would be finished in the early part of this year, 2011.

This new Walgreen's will have a different address than Del Taco. The high priced, net leased Walgreen's will have the address of 1050 North Highland Avenue, Los Angeles, California. The net leased property will sit in the Hollywood submarket of Los Angeles in the 90038 zip code. The Walgreen's net leased property will be on the southeast corner of Santa Monica Boulevard and Highland Avenue. This corner is a heavily trafficked area to help fuel triple net lease properties with retail foot traffic.

Some NNN Commercial Real Estate analysts felt this area was drab and needed a renovation of sorts. The Del Taco can make for a nice NNN Lease Investment however California investors wanted a bright, new Walgreen's instead of fast food. The net leased property seller was Village Properties Inc., who through our research was the wise investor to get Walgreen's to agree to this location. Village Properties Inc. is an experienced commercial real estate developer for Walgreen's.

Another point to show the value of this net lease investment is that Walgreen's does not have another drugstore near this location. This net leased property is situated in a smaller parcel of land than normal, for Walgreen's drugstores. This net lease investment is on a parcel that is approximately 18,357 square feet, therefore it will not have a drive-through. We are unaware of any Investment Property financing.

The Walgreen's net leased property site is on a prime, heavily trafficked Hollywood corner. Livermore Plaza is a San Francisco, Bay Area investor. The NNN Commercial Real Estate investor had mentioned that they are planning to hold the property for a long term investment. That could be very possible as Walgreen's has agreed to a 75-year-lease. That type of net lease agreement with a Credit Tenant helps to increase the value of the land, especially in a densely populated are like Los Angeles.

We have Investors seeking to buy your Triple Net Lease Properties, quality Class A office Buildings, multi-family apartment and Retail Shopping Centers with a quality grocery store anchor.

Also if you are a commercial real estate investor seeking a 1031 Exchange replacement property or a fundamentally sound NNN Lease investment, we can help you.


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Thursday, February 17, 2011

7-Eleven Convenience Stores on Triple Net Lease

7-eleven-store-net-leased-property-California

San Francisco, California - 7-Eleven is a net leased tenant that is in our news today for Net Lease Properties. 7-Eleven is the Global Leader for convenience stores. 7-Eleven is the largest operator, and franchisor of convenience stores. 7-Eleven is A powerful net leased tenant, in the net lease investment sales market. The net leased tenant 7-Eleven has over $50 billion in sales worldwide.

Many (NNN) triple net lease properties investors prefer 7-Eleven as a tenant as they conduct business efficiently and they possess a dominant chain-brand recognition. Many NNN Commercial Real Estate developments with 7-Eleven stores, are situated on corner locations, with high visibility and excellent, convenient access.

Our first net leased property transaction to report on, with 7-Eleven as tenant, is in Casselberry, Florida. Casselberry is a city in Seminole County, Florida. Casselberry is often spoken of as a suburb of the Orlando. Casselberry is also close to the Kissimmee-Sanford Metropolitan Area. The Company, 7-Eleven Inc. recently purchased the net leased property at 1145 Semoran Blvd. in Casselberry, with a sale-leaseback.

The sellers of this net lease property were 7-Eleven franchisees which resulted in this sale-leaseback. Alex and Milia Hazin sold this net leased property for $1,075,000, which equates to approximately $447 per square-foot. The commercial property sellers will stay in the property with a new "NNN" triple net lease. The triple net leased property is a freestanding, single-story building. This triple net leased property building is approximately 2,411 square-feet and was constructed in the year of 1970.

We have more information on the net leased Tenant, 7-Eleven. 7-Eleven was founded in 1927 in Dallas, Texas. The name 7-Eleven originated in 1946 when the stores were open from 7 a.m. to 11 p.m. However things have changed with the hustle and bustle of current times, now 7-Eleven offer 24-hour convenience, and seven days a week. The net leased property buildings with 7-Eleven normally vary in size from 2,400 to 3,000 square feet. 7-Eleven triple net leased properties are an option for a 1031 Exchange replacement property.

The second transaction in our Net Lease Properties news is from the East Bay Area, just east of San Francisco. An absolute NNN Property (triple net leased property) sold recently in California. This 7-Eleven triple net leased property sold for $1.15 Million. The NNN Lease Property seller was a trust company from the Los Angeles, California area. This triple net leased property consists of a building that is approximately 2,412 square-feet with about 8 years left on the triple net lease contract.

This absolute NNN Lease Property was attractive to many NNN Commercial Real Estate investors. As this NNN Property is leased to the dominate convenience store operator 7-Eleven, situated in an excellent location, that is highly populated for retail traffic support. This 7-Eleven triple net leased property is also fueled by high traffic counts. The NNN Lease Investment buyer was a private investor from the Northern California area. This NNN lease investment buyer did not assume commercial loans, however they were able to secure Investment Property financing.

High net worth investors in need of dedication and attention to detail, may contact Net Lease Properties Site for current net lease properties opportunities. Also individual investors and investment groups who are interested in a joint venture (JV) with net lease properties can contact us.
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Tuesday, February 15, 2011

NNN Lease Investment with Buffet City in Florida

Orlando, Florida - We have Net Lease Properties news from the Disney World area tonight. There was a NNN Property that sold with a Buffet Restaurant Tenant. This NNN restaurant had previously been operated as a Whistle Junction Buffet until that corporation went bankrupt a few years back. This NNN Lease Property was sold in 2005, for approximately $3,201,000 million. The NNN Lease Investment was being marketed for sale at less than half of that price. This NNN Lease Property now has a very successful restaurant operator as the Tenant to help pay down the Investor's Investment Property financing. The new and solid net leased Tenant is Buffet City restaurant.

This could be a Value-add Property as it appears the current Tenants are paying net lease payments below the average market rent. The net lease Tenant has reported that he has invested over $500,000 of his own capital without using financing. This is a great sign for the new NNN Commercial Real Estate investor to have a Tenant with a sound financial background and a willingness to invest his own capital. The Seller of this net leased property was reported as Sooner Investment of Melbourne.

Brokers who specialize in Net Lease Properties helped procure the sale of this NNN Lease Investment for $1,499,000. The NNN Property has 2% Annual Rent Bumps also. This NNN Lease Investment is approximately 10,423 square-feet for the Buffet City restaurant to conduct business in. The Net Lease Property is situated approximately 2.03 acres of land in the Orlando suburb of St. Cloud. The net lease site address is 4551 13th Street in St. Cloud, Florida with the zip code of 34769.

The NNN Lease Property was acquired by a local commercial real estate investment firm known as Sun Valley Eastern Investments LLC. The net leased property buyers will take full advantage of this property with a quality financially sound Tenant. The net lease tenant should thrive as more people are dining at Buffet style restaurants with the economy still at a standstill.

St. Cloud is a bedroom community of Orlando, Florida. The Net Lease Property is located in across the street from one of favorite net leased tenants, Walmart Supercenter. The NNN Lease Investment is a stones throw from Home Depot, and is next to a Walgreens pharmacy store. Some more tenants who are nearby are Chili's, Sonny's BBQ, Firehouse Subs, Publix Supermarket, Tractor Supply, Aldi Grocery Store, Big Lots, and Bealls.

We have Investors seeking to buy your Triple Net Lease Properties, quality Class A office Buildings, multi-family apartment complexes and industrial properties. Many of our investors prefer to purchase selective properties that will provide them with an exceptional investment, predictable returns, and minimal downside risk.

Also if you are a commercial real estate investor seeking a 1031 Exchange replacement property or a fundamentally sound NNN Lease investment, we can help you.

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Monday, February 14, 2011

California Net Leased Property Sold with Ralphs

retail-shopping-center-California-net-leased
Santa Clarita, California - A trophy property is the topic for our Net Lease Properties news for the day. A Retail Shopping Center in Valencia, California has sold. Valencia is in the Santa Clarita, California commercial real estate market. This net leased property had numerous NNN Commercial Real Estate investors very interested in acquiring it. This net leased property is known as Northpark Village Square. The net leased property Seller, Northpark Village Corporation, is an entity that is advised by Cornerstone Real Estate Advisers LLC.

The net leased property sold to to an institutional buyer. This NNN Commercial Real Estate investor has offices operating in beautiful Orange County California. Surprisingly this net leased property sold for $40 Million and the Buyer will receive a cap rate of just under 6%. This net leased property is approximately 87,0574 square feet and sits on about 13.77 acres or land the size of 599,812 square feet. This net leased property is on a well traveled corner.

The net leased property is situated at 27706-27760 McBean Parkway, in Valencia, with the zip code of 91354. This retail shopping center is anchored by a high-performing Ralphs Grocery Store. This net leased property also has Tenants with net leases that include Rite Aid Pharmacy, and Wells Fargo. Also this retail shopping center has a net leased tenant to sell coffee and that is Starbucks. This net leased property was constructed in 1996. The Commercial Real Estate Owners had completed an expansion project in 1999.

This net leased property is in a well established neighborhood with an excellent household income average of $117,016 within a 1 mile radius. The retail shopping center has been able to keep an occupancy rate of approximately 94.5% since the construction was complete. The net leased retail shopping center has ample Parking for retail traffic to fuel the net leased property Tenants businesses. There is a huge demand for quality grocery-anchored retail shopping centers. We have NNN commercial real estate investors who are prepared to acquire properties with assumable Commercial Loans.

The Sellers, Pension fund Cornerstone Real Estate Advisors sold after they purchased this net leased property for approximately $30 million in 2004. At that point in time the net leased property was 100% leased and was popular sitting in the Los Angeles area. The net leased Tenants had Ralphs, Rite Aid and Wells Fargo even back then. The Southern California commercial real estate market ranks as a top 10 market for retail net lease properties. Cornerstone Real Estate Advisors had acquired the net leased property from Lennar Partners, the 2004 Owners.

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
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Friday, February 11, 2011

California Retail Shopping Centers Sold to REIT

gilroy-California-Starbucks-net-leased-property
Stockton, California - We have Retail Shopping Center information from California for our Net Lease Properties news tonight. A REIT purchased two retail shopping centers in California for approximately $161 million. The REIT is Excel Trust, Inc. (EXL), the real estate investment trust (REIT) is purchasing predominately retail triple net lease properties. The Excel Trust, Inc. REIT added to their investment property portfolio, Park West Place and Gilroy Crossing.

The first property, Gilroy Crossings is a retail power center that is approximately 473,557 square feet. This retail shopping center is anchored by Target and Kohl's, and has net leases to other prominent Tenants such as Barnes & Noble, Bed, Bath & Beyond, Pier 1 Imports, Michaels, Starbucks, PetSmart, Beverages and More and one of all favorites, Panera Bread. This Premier Power Center is approximately 98% leased. This net leased property has an estimated annual net operating income (NOI) of $5.4 million. This net leased property has an average household income of $81,716 living within a three-mile radius.

The Tenants benefit from a net lease at this property with exceptional Visibility and easy Access from Hwy 101 & the Hwy 152. This area has strong demographics to help power this net leased property. The Excel Trust REIT paid $68.5 million for the Gilroy retail shopping center. The Excel Trust REIT made out nicely on this deal as they were able to assume an existing Commercial Loan.

The second California retail shopping center which was purchased is Park West Place. This retail shopping center, Park West Place is approximately 739,197 square-feet. This retail shopping center is located in the Stockton net lease market. The Excel Trust REIT paid $92.5 million for the retail shopping center in Stockton, California. Retail Shopping Centers are a viable 1031 Exchange replacment property.

The retail shopping center, Park West Place was built in 2004. Kitchell Development Company developed this NNN Commercial Real Estate. The net lease properties market in this Stockton area has suffered from the economic downturn. However, The retail shopping center, Park West Place has flourished. The net leased property is currently about 98% leased. The retail shopping center with Kohl's as an anchor has an estimated annual net operating income (NOI) of $7.1 million.

This retail shopping center has plenty restaurants here and in the area of Stockton. The Retail Shopping Center has Del Taco, Jalapeno’s, Panda Express, Raw Sushi, Round Table Pizza, Wendy's and Subway. The retail shopping center offers a variety of quality net leased Tenants surrounded in a serene, lush ambient setting.

This retail shopping center is anchored by leading national retailers including Kohl's Corp., Lowe's Companies Inc., and Bed Bath & Beyond, Incorporated. The net leased property also has Wells Fargo, Bank of America, Starbucks and another favorite of ours, Sonic Drive-In included as occupants of the 13 single-tenant outparcels. The commercial real estate transaction conformed that Excel receives the entire property. There is one property that is excluded, and that is Target. Target currently owns its building which is approximately 151,023 square-feet.

Park West Place is located at 10742 Trinity Parkway, in Stockton, California. This net leased property has the 95219 zip code as it is in San Joaquin County. The retail shopping center is situated at the intersection of Interstate 5 and Eight Mile Rd. The net lease property is located within the 3,000 acre master planned community of A.G. Spanos Park. This retail net leased property benefits form being surrounded by over 2,800 homes, 308 multifamily units and an additional homes planned. This is a very well built, net leased property that was beautifully designed by Nadel Architects.

Excel Trust has grown its Investment Property portfolio through strategic acquisitions to an approximate value of $412 million. Excel Trust Inc., a real estate investment firm has offices in Rancho Bernardo. The company wisely seeks high-quality regional community centers and grocery-anchored centers, primarily anchored by leading national retailers. Excel Trust has an excellent strategy for net lease properties investing as the try for long-term net leases with their tenants. This investment approach can insulate them from short-term market volatility.

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Thursday, February 10, 2011

Sale-Leaseback with Medical Office Buildings

nnn-medical-office-building-tampa-Florida
Tampa Bay, Florida - Again we travel to the Florida west coast for our Net Lease Properties news. This recent commercial real estate transaction is a sale-leaseback. A Tampa Bay Investment Group negotiated the sale-leaseback in the Tampa Bay commercial real estate market. A Company, Tower Radiology, sold four of their medical office buildings to Broadstone Net Lease Inc. for approximately $14.5 million. This net lease properties transaction closed and then the sale-leaseback went into effect. The net lease property seller, Tower Radiology, proceeded into a 15-year net lease agreement with Broadstone. Tower Radiology will net lease all four of the commercial properties that had sold.

Many of our NNN Commercial Real Estate investors are seeking Institutional-grade medical office buildings (MOB) that offer long-term net leases. Triple Net lease properties provide investors with high quality medical office properties, providing steady income, and a potential for capital appreciation. The majority of sale-leaseback deals have been on investment grade or near investment grade companies. This makes the NNN Commercial Real Estate Buyer feel comfortable to have well-established net leased Tenants and reliable income streams. Net leased Properties with drug store Tenants are nationally marketed with an average cap rate of 7.2% for some Walgreen's and CVS.

The Buyer, Broadstone Net Lease Inc. are into these four medical office buildings with a total Cap Rate of 7.43%. Broadstone Net Lease, Inc. is a private Commercial Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, net-leased properties located throughout America. Broadstone Net Lease, Inc. currently holds a diversified portfolio of medical office buildings (MOB), restaurant, net leased convenience stores, specialty office buildings and distribution centers. Broadstone Net Lease, Inc. has an Investment Property Portfolio that has over 70 commercial properties which are located in 21 states. Broadstone Net Lease, Inc. is currently targeting net lease properties acquisitions in the $5 to $15 million range. These medical office buildings can be options if you are in a 1031 Exchange.

We have information on the four properties in this deal which was structured as a sale-leaseback transaction. These four commercial properties are stand-alone medical office building that range from 7,523 to 17,543 square-feet. There are two of these medical office buildings located in Tampa Bay, at at 4719 N. Habana Avenue and 14231 Bruce B. Downs Boulevard. The other two medical office buildings are located at 3350 Bell Shoals Road in Brandon, and 2324 Oak Myrtle Lane in Wesley Chapel, Florida.

In particular, the 3350 Bell Shoals Road Medical Office Building, is in Brandon that is a Heavy Traffic Area. The medical office building is near the intersection of Bell Shoals and Bloomingdale Avenue. This is a Great Retail Location with plenty of parking spaces. This medical office building benefits from over 62,000 people within 2 miles. The Brandon are has a Median household income of approximately $57,000. The traffic count is approximately 50,000 cars daily (VPD) on Bloomingdale and Bell Shoals road. There are retail triple net lease properties nearby such as Walmart, Publix, Kash n' Karry, a nice Burger King, Mobil and Discount Auto Parts.

NNN Commercial Real Estate investors on the sidelines have capital would pounce on the right sale-leaseback, especially medical office building and retail properties with quality Tenants. Considering the credit market is still tight on Investment Property financing, sale-leaseback transactions are an attractive vehicle for owners of commercial real estate to tap into a readily available source of funds.

The sale-leasebacks with Tower Radiology were attractive considering their track record. Tower Radiology provides outpatient radiology services for the Tampa Bay area. Tower Radiology owns two other medical office buildings and net leases about a some additional offices in the Tampa Bay area. Tower Radiology has a medical portfolio which is currently the No. 2 ranked in Florida.

Tower Radiology is considered among the top-15 imaging centers in the United States. The commercial real estate with sale-leasebacks allow physicians to pull the capital from their commercial real estate holdings. Then physicians can concentrate on their specialty, medical care for patients.

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

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Wednesday, February 9, 2011

Absolute NNN Taco Bell – KFC Sold in Tennessee

NNN-lease-investments-KFC-Taco-Bell-Tennessee
Knoxville, Tennessee - We have Net Lease Properties information from a beautiful part of the Country, the Knoxville, Tennessee area. Our information is on a recent purchase of NNN Commercial Real Estate in the Knoxville area. Taco Bell and KFC (Kentucky Fried Chicken) are two of the favored net-leased Tenants for our Net Lease Properties Investors. This recent sale of the retail net leased property in our news has Taco Bell and KFC. The triple net leased property building has approximately 4,790 square feet of space to lease.

This net lease investment is located in Lake City, Tennessee. Lake City, Tennessee is approximately 28 miles north - west of the Knoxville Downtown Island Airport. The Knoxville Downtown Island Airport is located at 2701 Spence Place, in Knoxville, Tennessee. This KFC Triple Net leased property is in Anderson County however it is on the borderline of Campbell County. This triple net leased property is located within fifteen miles of three respectable hospitals. The Triple Net Lease Property benefits from being within 80 miles of seven colleges and universities to sell their tacos and chicken to. The Triple Net Lease Property is only about 25 miles from the University of Tennessee, in Knoxville.

This Triple Net Lease Property sold for $1,175,000. This commercial real estate development has fairly recent 20 Year Absolute (NNN) Triple Net Lease. The triple net lease property was marketed as a 7.50% Cap Rate. This Triple Net Lease Property has attractive Rental increases that take place every 5 Years. This Triple Net Lease Property, leased to KFC and Taco Bell is situated at the 177 Colonial Lane address, in Lake City, with the zip code of 37769. This Triple Net Lease Property offers a steady income with the security of a quality Tenant, and no landlord responsibilities.

The buyer of this NNN Commercial Real Estate is the Calvert Family Trust, who are based in Oak Park, California. This NNN Lease Investment has lease terms with Four (5) - year options to renew. The Tenant operating as a KFC and Taco Bell has over 200 Units which they operate. The NNN Lease Investment Buyer had recently sold an industrial property and wanted the performance of a Triple Net Lease Property. It would have been a wealth building move if the Calvert Family Trust had been able to use this as a 1031 Exchange replacement property. However we do not have news on this Buyer involved in a 1031 Exchange.

The Triple Net Lease Property was built in the year of 1980. However, NNN Lease Investment is a freestanding, retail building that was renovated in 2006. The NNN Lease Investment is situated on approximately 0.88 acres of land in Tennessee. The NNN Lease Property seller was Harbor View LLC. Harbor View LLC is a private investor, and we are not certain if they, as seller, were in a 1031 Exchange.

The closest Retail Shopping Mall is the West Town Mall. The West Town Mall is located on the extremely busy Kingston Pike. The address is 7600 Kingston Pike in Knoxville. The Retail Shopping Mall, West Town is the premier shopping destination in all of East Tennessee and has heavy retail traffic coming in off major highways. The Retail Shopping Center has over 143 retail stores. A portion of these retail stores are exclusive to the West Town Mall. Loanrise.com is capable to finance your Retail Shopping Center and Net Lease Properties with CTL Financing.

Some net-leased tenants at this Retail Shopping Center include fine retailers like the Apple Computer Store, Sephora, Coach, Forever 21, Lucky Brand Jeans, Pottery Barn, White House Black Market, and Swarovski Crystal. The Retail Shopping Center was architecturally designed to include airy walkways and lush landscaping for a fine ambiance. The net lease Tenants and Retail Customers can take a break under beautiful trees in Deer Park, and check out a beautiful fountain. This West Town Mall retail shopping center features an extensive Food Court and a place to take kids, that is the Children's Soft Play Area.

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Monday, February 7, 2011

Walgreen's NNN Leased Property in Northbrook

walgreens-nnn-property-Northbrook-Illinois
Chicago, Illinois - Our Net Lease Properties information is on a high priced Walgreen’s triple net leased property sold. This "NNN" triple net leased property is a newly constructed Walgreen's pharmacy store that is located within the Chicago metropolitan area. This triple net leased property is approximately 14,457 square feet and was finished with construction in 2009. This triple net leased property has the address of 1050 Waukegan Road, in Northbrook, Illinois. This net lease investment is blessed with the 60062 zip code, which is one of the most affluent suburbs of Chicago.

Northbrook is approximately 14.7 miles north of the Chicago O'Hare International Airport (ORD), which is located at 5600 Mannheim Road, in Chicago, Illinois. The premier area of Northbrook is is located less than 20 miles from downtown Chicago and is recognized as an upscale community. The North Shore suburbs of Chicago are stunningly beautiful spots to live and attract wealth. The North Shore communities range from south to north along the shore of one of the Great Lakes, Lake Michigan. These suburbs are Evanston, Wilmette, Kenilworth, Winnetka, Glencoe, Highland Park, Lake Forest and Lake Bluff. Some westward areas are Glenview and Northbrook. Some NNN Commercial Real Estate investors believe in Northbrook as a top investment spot.

Some reports have Northbrook ranking 21st on the list of the wealthiest zip codes in the United States for "Salaries and Wages". Residents within three miles of this net leased property earn an average household income of $160,123. One of the largest employers in Northbrook is Allstate Insurance headquarters. The Allstate Insurance headquarters employs more than 10,036 people. We have information on other major company headquarters located near our net leased property Walgreen's. Another major company headquarters nearby is the Walgreen’s Corporate Headquarters which is approximately 3.2 miles from the property that sold. The triple net lease property is also near Kraft Company Headquarters and Crate & Barrel's Company Headquarters.

The triple net leased property seller was The Boulder Group. A San Francisco-based private investor purchased this triple net lease investment for $9.93 million, which equates to approximately $684 per square-foot. The retail property with Walgreen's as tenant was marketed for a 6.9% Cap Rate. This triple net lease benefits from an irreplaceable location along one of the most heavily trafficked roads in Northbrook. Also having an Investment grade tenant with a long term net lease is truly beneficial for any NNN Investor or for a 1031 Exchange replacement property. The NNN Lease Investment sit on approximately 1.43 acres in Cook County, Illinois. The net lease investment sits on Waukegan Road which is a primary north-south thoroughfare that connects directly to the Edens Expressway Spur ramp.

The NNN Lease property is located at the premier northwest corner of the signalized intersection of Waukegan Road and Shermer Road. This signalized intersection sees approximately 39,443 (VPD) vehicles per day coming through. The Investment Property financing status is unknown at this time.

This NNN Leased Walgreens Tenants was one of the most recent developments in Northbrook in addition to Willow Festival. Willow Festival is the second largest retail shopping center in upscale Northbrook. The Retail Shopping Center, Willow Festival is located two miles south and is anchored by awesome tenants such as Lowes, Best Buy, and Whole Foods. There is also a Sheraton Hotel commercial real estate development. The Willow Festival retail shopping center is not the only reason to bring retail traffic to the Northbrook area.

There are major shopping destinations near the NNN Lease Walgreen's property that include The Glen Town Center and Northbrook Court. The Glen Town Center is an open air town center that is comprised of numerous retail attractions. Northbrook Court is a regional shopping mall that has upscale retail store. The Retail Shopping Mall, Northbrook Court is anchored by high-end stores, among them are Neiman Marcus, Macy' s, and Lord & Taylor. Northbrook Court also has an AMC movie theater for entertainment.

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

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Sunday, February 6, 2011

Village Commons Retail Shopping Center Sold

retail-shopping-centers-Florida-Publix
West Palm Beach, Florida - We have some Net Lease Properties information today on a near and dear Commercial Property. The net leased property known as the Village Commons has sold. We have had our eye on this net lease property for years. With the additions of Panera Bread and Starbucks in recent years, the net lease property moved up the list for net lease properties in Palm Beach County. The retail shopping center, Village Commons, for $25,700,000 which equates to $152.02 per square foot. The net leased property is a Publix-anchored retail shopping center that is situated on the intersection of Village Boulevard and Brandywine Road in West Palm Beach, Florida.

Reports out of West Palm Beach had the net leased property being sold to the Boca Raton-based Woolbright Development. However after further review, it appears a fund operated by BlackRock, Inc. acquired Village Commons, the retail shopping center anchored by Publix. Boca Raton-based Woolbright Development will be in charge of net leasing, property management, construction management, marketing and promotions of the net leased property. Woolbright Development has immediate goals to increase the net lease tenants, and to invest in the overall appearance and ambiance of the retail shopping center. The Retail Shopping Center is surrounded by apartment, condo and golf course communities, attracting a mix of weekday and weekend traffic.

The net leased property buyers are the fund operated by BlackRock, Inc., and should see an increase in net lease revenue with Woolbright Development overseeing operation. The net leased property sellers was a JV of three groups. The California Public Employees' Retirement System, the First Washington Realty, Inc. and the Regency Centers which were all in the (JV) joint venture as owners of the net leased property. The net leased property was primed for the investment disposition strategy of this Joint Venture of sellers.

The net leased property is approximately 169,057 square-feet of space for net leases. This attractive net leased property is an open-air center is anchored by Publix, as we mentioned above. The net leased retail shopping center also has CVS, Starbucks, Panera Bread, Coldstone Creamery, PNC Bank, and Duffy’s Sports Bar and Grill. This net leased property has distinguished architecture which really fits into Palm Beach County designs. The net lease property can be described as having lush landscaping, decorative tile accents and a prominent courtyard area. The net leased property, Village Commons with it's Mediterranean-inspired design also is unique with a complimentary mix of business establishments. The net leased property has excellent demographics to make Village Commons a fantastic location for net lease Tenants and customers. There was no mention of assumable Investment Property financing in this commercial real estate transaction.

One large Tenant in the net leased property, The Outback Steakhouse has recently closed down at this location. We are unaware if closure of the Outback Steakhouse restaurant, had anything to do with the sale of the net leased retail shopping center. This particular Outback Steakhouse restaurant had been at the West Palm Beach net lease site for 19 years and it is the second-oldest Outback Steakhouse in Palm Beach County. NNN Commercial Real Estate investors in our group had dined at that Outback Steakhouse often and recently saw the sign "sorry mates" on the doors of the shuttered restaurant. The Tampa-based restaurant chain, OSI Restaurant Partners LLC, has reported that they will try to relocate employees to other locations. Local Palm Beach County NNN Commercial Real Estate investors believe Woolbright Development will succeed in landing a new net leased property tenant to create jobs for this area.

Village Commons opened in 1987 and the net leased property is approximately 73.4% net leased with national and regional tenants. Village Commons is located in Palm Beach County just west of I-95. The net leased property benefits from an in-fill location with limited sites that can be developed for competition.

This net leased property, the Village Commons, is well situated as just north off of Palm Beach Lakes Boulevard which is a heavily traveled road. This Net Lease Investment is ideally developed for accessibility from the center most district of beautiful Palm Beach County.

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

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