Walgreens Triple Net Lease Properties and CTL Financing

West Palm Beach, Florida - Net Lease Properties information for the day is on two high quality net lease property Tenants. CVS Pharmacy and Walgreen's Pharmacy are excellent choices for a Net Lease Investment Property. We have a large database of NNN Commercial Real Estate Buyers looking to buy quality retail NNN Lease Properties. So the possibility of a Walgreen’s Net Lease Property in South Florida is becoming rare. We were surprised to see a Walgreen's Triple Net Lease Property sold in Loxahatchee, Florida.

Loxahatchee is approximately 23 Miles west of the tony town of Palm Beach. With Palm Beach having very few single-tenant net lease properties (STNL) opportunities, investors have to reach outside of the West Palm beach area. Some NNN Commercial Real Estate analyst referred to Loxahatchee as a former Horse Property area. This vibrant Loxahatchee area has grown tremendously over the past 20 years, with new buildings of excellent retail triple net lease properties.

This Walgreen's Pharmacy Triple Net Lease Investment sold for $7.87 million. The NNN Lease Property Buyer was US Property Management LLC. This Walgreen’s Triple Net Lease Property has the structure with approximately 14,457 square feet which is close to the normal size of Walgreen’s Pharmacy Building. This Walgreen's Pharmacy Triple Net Lease Property is particularly attractive as it has a new 25 year net lease.

Loxahatchee Venture LLC. was the seller of this Walgreen's Pharmacy Triple Net Lease Investment. This dominant triple net lease investment property netted about $540 per square foot. This NNN Lease Property transaction was part of a 1031 Exchange. The 1031 Exchange is one of the few quality opportunities to build wealth with NNN Commercial Real Estate investing.

We found a CVS Triple Net Lease Property sold in Philadelphia. The CVS Triple Net Lease Investment sold for $3,525,000. This Net Lease Investment purchase price equates to roughly $343 per square foot. The CVS Triple Net Lease Property was marketed at a price of $3,709,000. As we keep mentioning, many NNN Lease Properties are selling close or at the asking price.

The CVS Triple Net Lease Property is located at 8545 Frankford Avenue, in Philadelphia. The NNN Property has the Pennsylvania zip code of 19114. The Triple Net Lease Property seller was Brierwood Company. This was a prime opportunity to get into a fee-simple, freestanding building with CVS Pharmacy as the Tenant. The net lease tenant, CVS Pharmacy has close to ten years remaining on an initial 20 year net lease.

This is a rare Triple Net Lease Property as CVS Pharmacy has rental increases every five years of the base net lease term and into their option periods. The CVS Triple Net Lease Investment buyer was Goodman Properties.

Contact Net Lease Properties to purchase or sell NNN Lease Investments. We can direct you to excellent rates on CTL Financing and Commercial Loans.


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Tiger Direct Triple Net Leased Property in Illinois

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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Walgreen's NNN Leased Property in Northbrook

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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Village Commons Retail Shopping Center Sold

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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Arbys Absolute NNN Ground Lease

Chicago, Illinois - We are looking at Arby's as Tenant for our Net Lease Properties information this afternoon. As our Net Lease Properties Investors see somewhat lower Cap Rates for McDonald's net leased properties and may want a larger return on their investment. We see that some Arby's and Burger King as Tenants for net lease properties are still giving steady returns on investments. We are reporting that a net-leased property with Arby's sold for $780,000. This Arby's net leased property is located at 5790 Belleville Crossing Street, in Belleville, Illinois.

Belleville is approximately 30 miles southeast of the Lambert-St.Louis International Airport which is at 4610 N Lindbergh Blvd in Hazelwood, Missouri. Belleville, Illinois is 295 Miles southwest of Chicago, the Windy City. The net leased property with Arby's is in the 62226 zip code which is situated in Saint Clair County.

This is an absolute NNN ground lease, with Arby's. This net leased property is a 3,300-square-foot, single-tenant property that sits on a little under one acre of land. This Arby's ground lease is located in front of Belleville Crossing. The retail property, Belleville Crossing is located at the intersection of Frank Scott Parkway and Highway 15. The Retail Shopping Center, Belleville Crossing, is a power center that is approximately 409,000 square-feet. The Retail Shopping Center is anchored by Home Depot and Target.

The net leased property seller is a private developer. The Buyer ended up with a capitalization rate of 7.5% for the net leased property. The net-leased tenant is an Arby’s franchise and they exercised its right of first refusal for the property. This type of property is a favorite of NNN Commercial Real Estate investors investor as it should provide a secure long-term income stream backed by a large national franchisee. Also a NNN Lease Investment property comes without any management responsibilities. As a Tenant being seen as responsible and able to pay on time, US Beef Corporation operates over 275 locations.

This NNN Lease Investment with Arby's Tenant, is about 12 miles southeast of Downtown St Louis. If you are not familiar with the ares, Highway 15 is the major commuter thoroughfare to St Louis and sustains a traffic count in the area of over 26,999 cars a day (VPD). Also triple net lease properties in the area benefit from a new $84 million High school that was completed across the street. That should present a great number of customers to purchase burgers at the local triple net lease properties with fast food tenants. Some of the National retail tenants in the area are Target, Home Depot, OfficeMax, PetSmart, Famous Footwear, Maurice's, Hibbett Sports, Qdoba, Hallmark, Mattress Giant, Payless Shoes, Verizon Wireless, Gamestop, Kecks Jewelry, Great Clips, and GNC. Some competition for the absolute NNN Ground Lease is Buffalo Wild Wings, White Castle, and Wendy's. Banking in the area can be done at Commerce Bank, and there are many other national retail tenants nearby.

When doing an NNN Commercial Real Estate Property search, it behooves you to search for properties with Assumable Debt. Look for an assumable Investment Property financing in place that matures not before 10 years. An Investment Property for sale offering an attractive Commercial Loan rate and is amortized and assumable, allows for unmatched benefits.

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

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CVS Net Lease Properties Portfolio Sold

Naples, Florida- We have a CVS portfolio deal to report on, for Net Lease Properties news. A Net lease property portfolio sold that was comprised of 13 single-tenant, net leased with CVS drugstores as the Tenants. This nationwide Net lease property portfolio was purchased by Cole Real Estate Investments of Phoenix. Cole Real Estate Investments is currently one of the nation’s most active investors buying quality, income-producing commercial real estate developments. Cole Real Estate Investments paid approximately $70 million for this Net lease property portfolio.

Cole Real Estate Investments prefers investing in Net leased properties which are single-tenant properties. This NNN Investment strategy is proven to be one of the best long-term options when investing in commercial real estate. Cole Real Estate Investments seeks net lease properties to achieve a relatively high percentage of total return from income. Also NNN Lease Investments are expected to exhibit a relatively low degree of price volatility.

Cole Real Estate Investments does invest in net lease properties portfolio so that the tenant, not the landlord, is responsible for the majority of or all costs of maintaining the property, including taxes and insurance. These net lease properties portfolios generally have occupancy rates that are over and above 90%. The Cole Real Estate Investments underwriting team performs extensive due diligence on all net lease properties. This is to ensure that they possess the core characteristics that Cole Real Estate Investments require for their commercial real estate investments. Cole Real Estate Investments strives for Long-term net leases to reduce the potential for major re-leasing during their projected property holding term.

This is an approximately 174,000 square-foot investment property portfolio with CVS drugstores. These CVS Net leased properties are located throughout California, Florida, Georgia, Kansas, Minnesota, Mississippi, New Jersey, New York, Oklahoma, South Carolina and Texas. These new CVS Net leased properties were opened in 2009 and 2010, and are leased with approximately 24-year triple-net lease terms. Given these facts, Cole Real Estate Investments should not have to think about leasing these net lease properties until 2035. Although at any point Cole Real Estate Investments can get into a 1031 Exchange with any or all of these triple net lease properties.

NNN Commercial Real Estate that is net-leased to national credit tenants are in high demand with high-net worth private investors and real estate investment trusts (REITs). The future availability of new CVS triple net leased properties could be getting slimmer. With news in the past year that CVS will decrease new store openings and they will focus on rival drugstore buyouts to compete with. There was no mention of assumable fully Amortizing Debt or Investment Property financing.

We can show additional reasons why NNN Commercial Real Estate Investors enjoy CVS as a net-leased tenant. This information below is from the the source at www.cvs.com:

CVS Caremark (NYSE: CVS) is the largest pharmacy health care provider in the United States. Through their integrated offerings across the entire spectrum of pharmacy care, they are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors, and their members. As one of the country's largest pharmacy benefit managers (PBMs), they provide plan sponsors and participants access to a network of over 62,079 pharmacies including more than 7,023 CVS pharmacy drugstores.

CVS Caremark has given employment to 200,016 people. As of September 30, 2010, CVS operated 7,149 retail drug stores, 569 MinuteClinic locations, 44 retail specialty pharmacy stores, 18 specialty mail order pharmacies, five mail service pharmacies, and the CVS.com and Caremark.com Web sites.

Company Highlights
More than $99 billion in annual revenue
Ranked 18th on Fortune 500 for 2010
No. 1 provider of prescriptions – more than 1 billion prescriptions filled or managed annually
75% of the U.S. population lives within three miles of a CVS (benefits NNN Properties)
Creditworthy tenants who provide a stable flow of income to triple net lease properties investors

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


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1031 Exchange in NNN Commercial Real Estate

St. Paul, Minnesota - The Net Lease Properties information today surrounds 1031 Exchange replacement property with triple net lease properties. We see that a 1031 Exchange was used for a net lease investment with Arby's as a tenant. This net leased property was developed in 2008 and is situated in Fort Wayne, Indiana. This net leased property was marketed as an 8% Cap rate but sold for $2.13 million. This sales price comes to approximately $706 per square foot for the net lease investment. This net leased property is a single-story, 3,016 square-foot building. The net lease investment for this 1031 exchange, has approximately 18 years remaining on its 20-year lease.

This net leased property sits at Orchard Crossing in Fort Wayne. The retail power center, Orchard Crossing, is anchored by Target and Gordmans. The Retail Shopping Center is located at Fort Wayne's primary retail intersection at the northwest corner of Illinois and Thomas Road. The Retail Shopping Center, with Arby's, is located across the street from both Jefferson Pointe and Apple Glen, retail power center. Jefferson Pointe is a lifestyle center that is approximately 600,170 square-feet, while Apple Glen is a 449,000 square-foot retail power center.

This net leased property and the retail shopping center benefit a high density, residential area, with a five mile population of 410,804 people. The Fort Wayne Arby's net lease investments is in an area with a median household income of approximately $48,479 per year. Many NNN Commercial Real Estate Investors seek Walgreen’s, Arby's, and CVS triple net leased properties in major metropolitan areas. This includes high net worth individuals, REIT's (real estate investment trust), and Joint Venture Investment Groups seeking single tenant (STNL) triple net lease properties.

Thompson Thrift Development, Inc. sold this Arby's net leased property for $2.13 million to Primo Maggio LLC & Oates Creek LLC. This net leased property purchased by Primo Maggio LLC & Oates Creek LLC is located at 4728 Illinois Road in Fort Wayne, Indiana. The net leased property has the 46804 zip code in Allen County. The net lease property is a 1031 Exchange replacement property for a tax-deferred transaction with a Pizza Hut property, in Mississippi.

The Triple Net Lease Property investor is in for an excellent opportunity to see exceptional returns. The Absolute NNN Corporate Lease has 5-year renewal options. The Triple Net Lease Property has the Tenant paying commercial real estate taxes and all property expenses. Some of the nearby retail properties are Super Wal-Mart, Lowes, Old Navy and Staples. The Traffic counts (VPD) has been reported to exceed 31,000 on this heavily traveled retail district.

Now we travel to St. Paul, Minnesota for further 1031 Exchange information with net lease properties. A 1031 exchange buyer purchased a Triple Net Leased Property with Walgreen's. The 1031 Exchange transaction was a single tenant, net-leased property that is located in St. Paul, the Twin Cities area. The triple net leased property was for approximately $5.9 Million. The Triple Net Leased Property is a 14,497 square foot building that is situated on a 1.18 acre net lease site.

The NNN lease property is 100% leased on a long term basis. This Tenant, Walgreen's, is one of the NNN Commercial Real Estate Investors most desired. The 1031 exchange property buyer was a private family trust that is based in California. The Triple Net Leased Property seller was a Midwest Walgreen's commercial real estate developer.

The Deerfield, Ill.-based Walgreen Co. has purchased Snyder’s Drug Stores. Snyder’s Drug Stores will cease to operate as a company, as Walgreen’s will buy the 25 company-owned Snyder’s stores. Some of the Snyder’s Drug Stores will be shut down and the prescription files of retail customers are transferred to nearby Walgreen's. Snyder’s Drug Stores was founded back in the year 1928 by Max Snyder. It started as a cigar store in downtown Minneapolis.

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

If you are ready to purchase Commercial Real Estate , you can apply for Commercial Loans at Loanrise.com.



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