Monday, March 7, 2011
New Port Richey, Florida - Our Net Lease Properties information comes from the beautiful west coast of Florida. A net leased property, developed as a Retail Shopping Center was in a commercial real estate sale disposition. A Net Lease Properties Firm that which specializes in the disposition of retail properties. This Net Lease Properties Firm is very familiar in the greater Tampa Bay area and the property on the West Coast of Florida.
The net leased property, Trinity Village Center, sold for $9.5 Million. A California-based Private Investment Group purchased this Pasco County Net Leased Property. This location is deal for net lease properties, sitting on the busy corner of SR 54 and Duck Slough Road. Jefferson-Pilot Investments was the seller of this net leased property. Reports have the net leased property seller acquiring this retail shopping center from Trinity 54 LLC, last year, through a foreclosure action. We are not aware if this transaction was involved in a 1031 Exchange for the Buyers.
Trinity Village Center was developed by co-owners, David Nelson and Nelson Construction. These Commercial Real Estate developers were into this project from beginning to the end. This included the land acquisition, design, permits, construction, net leasing, and tenant build-out. These Commercial Real Estate developers were also involved in the on going management of this high end net leased commercial plaza.
This net leased property development phase was not easy as developers had to deal with the Pasco County Government branch and their ever changing permitting issues. The Commercial Real Estate developers also had to satisfy FDOT (Florida Department Of Transportation) and SWFMUD (Southwest Florida Water Management District). The net lease property benefited from experience with Brandon Construction of Palm Harbor, Florida being responsible for the excellent building construction. This net lease property also benefited with Nelson Construction performing all of the site work.
Trinity Village Center is net leased property that is approximately 72,543 square feet. This Florida retail shopping center is about 5 miles southeast of New Port Richey, in Pasco County. The net leased retail shopping center has the address of 10700-10740 SR 54 in New Port Richey, Florida with the zip code of 34655.
The net lease property was approximately 79% net leased at the recent closing. This retail shopping center features regional and national tenants that consists of Crispers, Five Guys Hamburgers, Bonefish Grill, IHOP (International House of Pancakes), and service providers AAA Auto Club South, and Synovus Bank.
Synovus Bank is part of the Georgia State chartered Synovus Bank. Synovus Bank is one of the largest community banks in the Southeast portion of America. Synovus Bank provides powerful banking solutions for customers which NNN Commercial Real Estate investors might not expect from a regional community bank.
Trinity is one of Pasco County’s most prestigious master-planned communities. This master-planned features upscale residential neighborhoods, schools, retail commercial zoned districts, recreation areas, and a new hospital is opening this year. The net leased property, Trinity Village Center was built in 2007 and has convenient Access and Visibility to SR 54.
Other Net Leased Property Tenants at the Trinity Village Center:
Trinity Urgent Care
The Pampering Plumber
The Turtles Nest
The Medicine Shoppe
Ramblin Rhodes Music
Trinity Pet Spa
St. Peter the Apostle
Cold Stone Creamery
Ultimate Home Care
Material Girl 2
This net leased property has beautiful architecture, and very lush landscaping. This net leased property has strong demographics that has attracted upscale, unique businesses for Trinity Village Center. NNN Lease Property Tenants can lock down a Unit as only a few remain available. This Net lease Investment has nice visibility, exposure and ample parking for the Tenants and customers for this retail shopping center.
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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