Saturday, October 1, 2011
Las Vegas, Nevada - Our NNN Lease Properties news is on the ups and downs in the Nevada Commercial Real Estate market. There is a beautiful Nevada Commercial Real Estate Development with a Whole Foods Market that caught our eye. The Commercial Property is The District at Green Valley Ranch. The Commercial Real Estate Developers of this property started out with approximately $85 Million into it. The District at Green Valley Ranch is a cutting edge mixed-use property that combines retail Net Lease Properties, restaurants, and the Whole Foods Market. Also this mixed-use property has office space and residential units situated in a beautiful designed area.
Whole Foods Market and Commercial Real Estate Development
The concept of the Nevada Mixed-use property is to bring in People to live and not have to drive far for shopping. The pedestrian friendly development was a perfect retail shopping center with great restaurants also. The Office Space net lease Tenants can frequent the dining establishments or grab something from the Nevada Whole foods. This is a great environment for net lease properties.
Commercial Real Estate Developers of this Mixed-use property wanted architects to design it to keep shoppers and visitors there for the entire day. The District at Green Valley Ranch has it all, and current entertainment that can be seen with just a short stroll.
Nevada Commercial Properties in Foreclosure
However with the Nevada economy slumping worse than most and unemployment through the roof for the State, the NNN Commercial Real Estate Development started to falter. So the inevitable happened and the Nevada mixed-use property went into default like some of the other high profile Nevada Commercial Real Estate Developments. The Net Lease Properties site saw the same thing happen to Town Square, Boca Fashion Village and the commercial property that was intended for the Great Mall of Las Vegas.
Commercial Mortgage Default on Nevada Retail Shopping Center
Earlier in the year The District at Green Valley Ranch had been sold to cover some of the defaulted commercial mortgage. The Owner - Developer who lost the Nevada Mixed-use property was American Nevada Company. The new owners happened to be Village Walk LL which is a Nevada limited liability company. The Owners are net lease property investors from the Miami Beach area. The District at Green Valley Ranch was obtained at the public auction for $50 million. When purchasing NNN Commercial Real Estate, it is wise to check on obtaining Cheaper Term Life Insurance coverage.
The District at Green Valley Ranch has Whole Foods Market and Cheesecake Factory
The Net Lease Properties site found more information on this Nevada Mixed-use property. It started with a 25 acre phase one with a combination of retail net lease properties, office and 88 loft style condos. Now it got real interesting with the second stage of development. That consists of approximately 50,116 square feet of office space which sits on top of retail net lease properties. This is the net lease properties with various Tenants including the Whole Foods Market and Cheesecake Factory for dining.
NNN Commercial Real Estate Benefits
Many NNN Commercial Real Estate Investors see The District at Green Valley Ranch as a high quality trophy property. Many Net Lease Properties Investors would like this in their Portfolio. This Nevada Mixed-use property should have a profitable future. Some of the other benefits of this pedestrian oriented mixed-use property is a street plaza, as well as an attractive central park, that includes a uniquely classic styled Carousel that the kids will love.
Nevada Net Lease Properties Tenants
AVEDA - Gianna Christine Salon Spa & Wellness
Balboa Pizza Company
Ben & Jerry's
Color Me Mine
Crazy Pita Rotisserie & Grill
Flea Bag's Barkery & Bow-tique
Hallmark Gold Crown
Janie and Jack
Jos. A. Bank Clothier
Josie's Frozen Yogurt
King's Fish House
Las Vegas Golf & Tennis
Las Vegas Pilates
Lucille's Smokehouse Bar-B-Que
My Gym Children's Fitness Center
P.F. Chang's China Bistro
Pure Beauty Salon
Red Rock Jewelers
Settebello Pizzeria Napoletana
The Cheesecake Factory
The Coffee Bean & Tea Leaf
The District Guest Services
The Sports Shop
The Walking Company
White House - Black Market
Whole Foods Market
Green Valley Ranch Resort and Spa
This Nevada commercial property loaded with high end net lease property tenants is situated next to the Green Valley Ranch Resort and Spa. The Resort consists of over 490 comfortable hotel rooms, casino, and resort spa. That Top rated Resort is currently owned and operated by Stations Casinos. They developed that resort and spa as a vacation spot away from the ever popular Las Vegas strip. The NNN Commercial Real Estate staff would describe the Green Valley Ranch Resort and Spa as owning a feeling of a European styled casino.
Net Lease Properties Investors
We have private investors and institutional buyer groups seeking to purchase Net Lease Properties and Commercial Real Estate Portfolios. Our high net worth investors are located all across the Globe and can close on Net Lease Property opportunities throughout the United States.
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