Florida Retail Shopping Center Acquisition

Fort Lauderdale, Florida - We are in the Sunshine State this afternoon for Net Lease Properties news. A premier retail shopping center has been acquired. This Coral Landings III retail shopping center was acquired by Stiles, for $14 million. The net lease property is approximately 154,936 square-feet and located in Coral Springs, Florida. Coral Springs is a western suburb of Fort Lauderdale, in Broward County, Florida. Some reports have a new 18,300-square-foot ALDI Grocery Store coming soon. If you are purchasing triple net lease properties consider that ALDI is one of the nation’s fastest growing grocery retailers. ALDI Grocery has more than 1,000 stores across the United States. Stiles recently acquired this retail shopping center and should be completing Phase II for a later 2011 completion. The existing portion of this retail shopping center is anchored by Best Buy, Home Goods, and Joann Fabrics & Crafts.

The Fort Lauderdale-based Stiles Company acquired this net leased property with an ingenious fashion. Stiles purchased a commercial mortgage note and then foreclosed on the previous Commercial Property Owners. It appears Stile will seek construction financing from Commercial Mortgage Lenders and get to work. Stiles will use all of their in-house commercial real estate services for this project. Stiles will use their own Stiles Construction, Stiles Realty, and will be managed by Stiles Property Management.

This Retail Shopping Center in an unbelievable retail opportunity in the western Fort Lauderdale suburb. The location is prime with access near Sample Rd & US Hwy 441. This dynamic intersection in the Coral Springs submarket with Lowes, Wal-Mart Supercenter, Target, Publix, and Office Depot helps send retail foot traffic to this retail shopping center. Some other Retail anchor tenants on nearby commercial real estate are Penn Dutch, Toys “R” Us, Babies “R” Us and a Winn Dixie Grocery Store.

The first portion of this net leased property, Coral Landings III, was completed in 2008, while the second phase, is partially constructed. The second phase that should be receiving Construction Financing, is 38,944 square feet will have three new available outparcels.

Stiles is one of South Florida’s premier provider of commercial real estate services. Stiles has an award-winning Commercial Property Investment portfolio. This Commercial Property Investment portfolio contains high-quality office Buildings, industrial property, retail triple net lease properties and mixed-use properties. Stiles' Commercial Property Investment portfolio is situated throughout Florida and the southeastern United States.

Stiles has been an industry leader since 1951. Stiles’ long-standing commitment to high quality performance has earned the company a distinguished list of repeat clients and joint venture partners, including H. Wayne Huizenga, Tribune Company of Chicago and TIAA-CREF. Stiles is Headquartered in Fort Lauderdale, Florida, and has regional offices in Miami Beach, Tampa Bay, Fort Myers, and Orlando, Florida.

We have NNN Commercial Real Estate Buyers who like retail, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you need financing for NNN Commercial Real Estate or Sale-Leaseback financing, you can apply for Commercial Loans at Loanrise.com.



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Triple Net Lease Properties with Walgreen's Tenant

Monument, Colorado - Our Net Lease Properties information today is from Monument, Colorado and Anoka, Minnesota. Two triple net lease properties sold with Walgreen's as the tenant. Walgreen's is one of the preferred tenants for Triple Net Lease Properties. Also Triple Net Lease Properties with Walgreen's make for a wise choice in a 1031 Exchange. Anoka is approximately 30 Miles north of St Paul Downtown Holman Field (STP) located at 644 Bayfield Street, in St Paul, Minnesota.

A Commercial Real Estate Broker helped procure the sale of an NNN Lease Investment Property Portfolio for $12.1 Million. This NNN Lease Investment Portfolio had one net leased property in Anoka, Minnesota. The triple net lease property is a fairly new developed Walgreens Drugstore. The triple net lease property is located in the northern Minneapolis suburb of Anoka. The building is 14,957 square feet on approximately 1.6 acres. The triple net lease property has a drive through lane for convenient pick up. The high traffic corner, intersection boasts thousands of vehicles passing through daily. Walgreen’s is the premier drug retailer operating 6,000 locations throughout the U.S. The triple net lease property shares the intersection with Country Market, CVS Pharmacy, US Bank, Ace Hardware, CSK Auto, and Dairy Queen. McDonald's is also nearby and a suitable triple net lease properties choice for a 1031 Exchange.

The triple net lease properties buyer was a private investor in a 1031 Exchange. This 1031 Exchange Investor is based out of Southern California. The triple net lease properties seller was a preferred Walgreens developer based out of Minnesota. The triple net lease property in Monument was built in 2010 on 2.69 acres of land with a total building size of 14,490 square feet. Both of these NNN Lease Investments are leased to Walgreen’s on a triple net basis for 25 years plus option periods.

Many commercial real estate 1031 Exchange Investors want name brand tenants backing their leases such as Walgreen’s, CVS, Lowe's, McDonald's or Kohl’s. The scarcity of good triple net lease properties is due to the lack of new development. This situation has pushed many cap rates lower in many commercial real estate markets.

The triple net lease properties buyer chose to purchase the 1031 Exchange property subject to a new commercial loan. CTL Financing can be readily available for triple net lease properties buyers with strong financial records and the corporately guaranteed leases backed by Tenants such as Walgreen’s. The triple net lease properties buyer, being in 1031 Exchange was most likely attracted to the long term net leases, the great corner locations and the strong Walgreen’s (CTL) credit tenant lease.

CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Investments. Also contact us to sell your existing Net Lease Properties portfolio.

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.


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Triple Net Lease Properties, Distribution Centers Sold

Boston, Massachusetts – Today, our Net Lease Properties data is on net-leased Distribution Centers. Two free-standing fee-simple distribution facilities were purchased by American Realty Capital Trust, Inc. These two “NNN” triple net lease properties are located in LeBec, California and Brookville, Ohio. LeBec is approximately 84 miles north of Los Angeles International Airport (LAX). American Realty Capital Trust purchased these two “NNN” triple net lease properties from Collective Brands, Inc. The aggregate purchase price for both net lease investments was $70.2 million.

The tenants leasing the distribution facilities are Brown Shoe Company and Payless Shoe Source. The distribution facility net-leased to Brown Shoe Company is 655,220 square feet. The distribution facility net-leased to Payless Shoe Source is 801,711 square feet.

These leases are triple net leases “NNN” whereas the tenants are required to pay substantially all operating expenses, including all costs to maintain and repair the roof and structure of the building, and the cost of all capital expenditures, in addition to base rent. Obviously Triple Net Lease Properties are most desirable. The annual rent on a straight line basis for the lease to Brown Shoe Company is approximately $2.4 Million. The annual rent on a straight line basis for the lease to Payless Shoe Source is approximately $4.2 million.

Some of the triple net lease information is as follows. The primary lease term for the distribution center net-leased to Brown Shoe Company is 20 years with 18.1 years remaining at the closing. The primary lease term for the distribution facility net-leased to Payless Shoe Source is 15 years with approximately 13.4 years remaining. The leases provide for contractual rent escalations of 10 % every five years. The leases also provide for three renewal options of five years each with rent increasing by 10 % at each renewal. Triple Net Leased Properties with over 12 years remaining are an attractive choice.

The purchase of these Net Lease Investments was funded with a combination of $28.2 million of proceeds from a Commercial Loan. The remaining funds needed came from the sale of the Company's common stock and an investment of $6.0 million from an an unrelated third party investor.

We have some information on Real Estate Investment Trusts (REITs) also. Real Estate Investment Trusts “REIT” were created by Congress in 1960 to provide a tax efficient means for private individuals to invest in commercial real estate. Individuals can invest in commercial real estate through either direct ownership of real property or an investment in real estate securities, i.e. stocks, bonds, mutual funds, or REITs. Owners of commercial real estate are generally able to depreciate the value of property improvements over time, as you can check with your Tax Professional on this. This depreciation expense can be used to offset ordinary income and reduce income tax.

Brown Shoe Company, Inc. manufactures and distributes various branded, licensed, and private-label casual, athletic, and dress footwear products to women, children and men in the United States and internationally. As of January 31, 2010, the company operated 1,411 retail shoe stores primarily under the Famous Footwear and Naturalizer names. Its brand portfolio includes:
Naturalizer, Franco Sarto, Via Spiga, LifeStride, Etienne Aigner, Dr. Scholl's, Carlos by Carlos Santana, Zodiac, Naya, Fergie, Vera Wang Lavender, Sam Edelman, and Buster Brown. This company was founded in 1878 and is headquartered in St. Louis, Missouri.

Payless Shoe Source is the largest specialty family footwear retailer in the Western Hemisphere. The company has built a huge portfolio that includes Airwalk, Dexter, Champion, American Eagle by Payless, SmartFit, Zoe&Zac, designer labels Lela Rose for Payless, Christian Siriano for Payless, alice + olivia for Payless and STPLxAirwalk. Payless has more than 23,000 global associates and a network of nearly 4,500 stores, in a variety of retail settings, in all 50 U.S. states, as well as in Puerto Rico, Guam, Saipan, the U.S. Virgin Islands, Canada, Central America, the Caribbean, and South America. The company was founded in 1956 in Topeka, Kansas.

CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Investments. Also contact us to sell your existing Net Lease Properties portfolio.

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.

Rite Aid - Net Lease Property Acquired

Westford, Massachusetts – Today's information on Net Lease Properties is regarding Rite Aid as a Tenant. Linear Retail Properties, LLC, has purchased a free-standing, Net Lease Investment with a Rite Aid Pharmacy. This Net-leased property consists of 15,103 square feet and is in Westford, Massachusetts.

This Net Lease Property was purchased for $3.4 million. The seller of this Net Lease Investment was Sovereign RA II LLC. This Investment Group is an affiliate of Corporate Partners Property Group, a California-based investment company.

The Net Lease Property, with the Tenant Rite Aid Pharmacy is located at Westford's primary commercial intersection of Littleton Road (Route 110) and Carlisle Road. The Commercial Property was developed in 1995 and was first an Osco Drug, then becoming a Brooks Pharmacy in 2002. The Investment Property then followed with a net lease by Rite Aid.

We have more information if you are considering acquiring a Net Lease Investment. Rite Aid Pharmacy is the third largest drugstore chain in the U.S, and will continue to service the residents of the surrounding towns of Westford. This area has many high tech businesses in the area, including the recently relocated IBM Regional Headquarters. Some of the services provided at this Net Leased Rite Aid are a drive-thru pharmacy, food mart, flu shots, and photo services.

This area has many great Net Lease Properties with Tenants such as a net-leased CVS Pharmacy, Jo-Ann Fabrics, Quiznos, net-leased Dunkin' Donuts, Blockbuster Video, Olympia Sports, RadioShack, Cingular Wireless, and Starbucks, and many others.

Some other Net Lease Investments to consider are General Services Administration (GSA) properties. These Net Lease Properties have a lease that is guaranteed by the General Services Administration (GSA). Twenty (20) year lease terms, guaranteed by General Services Administration (GSA) are an attractive offer.

CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Property Investments. Also contact us to sell your existing Net Lease Properties portfolio.


We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.