Thursday, February 17, 2011
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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