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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