Triple Net Lease Property Sold for $3.1 Mil

Westminster, Colorado - Net Lease Properties News for the day comes from Colorado. The Triple Net Investment that sold was Orchard Town Center, located in in Westminster. The Net Lease Investment is a 5,811-square-foot retail building and sold for $3.08 million.

This Commercial Real Estate property was built in 2008, and is 100% occupied. One by Starbucks Drive-Thru through the first quarter of 2018, Qwest through the fourth quarter of 2018 and T-Mobile through the fourth quarter of 2012. The multi-tenant, retail building has a triple-net lease with Starbucks Drive-Thru through the first quarter of 2018. Another triple net lease with Qwest through the fourth quarter of 2018. The 3rd net lease is with T-Mobile through the fourth quarter of 2012.

A Net Lease Property that is 100% occupied to strong, national credit tenants on long term leases, is an attractive investment in commercial real estate.
This triple net leased property was part of a 1031 exchange. We believe we will see many more 1031 tax free exchange deals in the next 2 years.

This Net Leased Property is located at the interchange of 144th Avenue and I-25.
This path is one of Colorado' s most traveled freeways and the major north-south thoroughfare between New Mexico and Wyoming. The net leased, multi-tenant, retail building is located at one of the busiest intersections in the Metro Denver areas. Westminster is one Colorado's fastest growing communities.

Net Lease Properties & Financing

If Multi-tenant, Retail buildings, Net Lease Properties or Apartment Buildings or a Distribution Center is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, McDonald's, Walgreens, Starbucks, Publix or other Net Lease property.

Trader Joe's Anchored Shopping Center Sells for $16M

Pasadena, California - Net Lease Properties has news for the day on a California Shopping Center that recently sold. This neighborhood shopping center, in La Cañada, California, sold for $16,000,000.
Information on this Commercial Real Estate is that it is a 42,093 square-foot shopping center, known as Foothill Promenade.
The Leased Property is located at 475 Foothill Boulevard in La Cañada. It is about 5 miles North West of Pasadena, which is a superb area.
Located at the signalized intersection of Foothill Boulevard and Gould Avenue, the property is situated on a 2.75 acre parcel of land. Some of the Tenants leasing at this location are Trader Joe's, Union Bank, Petco, Aaron Brothers, and Starbucks. The property was built in 1995 and was 100 percent leased at the time of this sale.

The buyer was found to be a partnership of private investors. They are seeking to acquire additional high quality shopping centers in Southern California, preferably on an all cash basis. The Foothill Promenade is the second major shopping center purchased by these individuals in the last ten months. They also own the Tustin Courtyard Shopping Center in beautiful Orange County.

There are a lot of people who had perhaps previously invested in the stock market or other investment opportunities and feel more comfortable getting into the Net Lease Properties market now.

Net Lease Properties & Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other Net Lease property.

Net Lease Properties News from NY to Seattle

New York, NY - Net Lease Properties has 2 reports for today. We start with a REIT from New York. CapLease, Inc. is a real estate investment trust (REIT). The trust invests primarily in single tenant commercial real estate assets net leased primarily to investment grade corporate tenants, and government tenants.
CapLease has been upgraded to Market Perform from Underperform at Wells Fargo. The stock closed recently at $4.98 on volume of 127,500 shares, below the average daily volume of 215,465.
A key to their success is that CapLease is an active purchaser of properties leased long term to high credit quality tenants.

Our next bit of Commercial Real Estate news comes from the Pacific Northwest again.
Target Corp. has just acquired office and retail space in downtown Seattle. Target is said to have plans to open a store there, possibly within a year.
Target paid Seattle's HAL Real Estate Investments $15.5 million for the 103,442 square-foot Pike Plaza commercial property and parking garage. This Commercial Real Estate is on the west side of Second Avenue, between Pike and Union streets, at the base of the Newmark Condominiums.
This commercial space known as Pike Plaza encompasses three stories. The property is close to the Seattle Art Museum, Pike Place Market and the University Street light rail station.

Net Lease Properties & Financing

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other Net Lease property.

Two Net Leased Buildings Sold

Indianapolis, Indiana - Net Lease Properties has news on the a couple of net-leased deals. The first Net lease Property is a Burger King with a Corporate Lease. This Commercial Real Estate is a 2,675 square foot, single tenant net-leased property. It is located in Indianapolis. The Net Leased Property sold for $960,000. This Burger King Building was built in 1999, and the property has an Absolute Triple Net (NNN) Lease guaranteed by the Burger King Corporation.
Information on the Investor is they are a New Jersey investor. This Investor owns and operates multi family properties and was looking for a less management intensive asset with solid cash flow.

Caldwell Car Wash, a 2,000-square foot, single-tenant net-leased property in Caldwell, New Jersey. This Investment commanded a sales price of $875,000. property on behalf of the seller, a local investor. The property was built in 1987 and contains a lot size of a 7,777 square foot parcel.
Caldwell is approximately 20 miles north west of Elizabeth, New Jersey.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Loans and to purchase a new property.