Best Buy and PetSmart Net Leased Properties in Texas

Dallas, Texas - The Net Lease Properties information today is from The Big D area, Dallas, Texas. The Waxahachie Crossing Retail Shopping Center in Waxahachie, Texas has sold for $15.5 million. Inland Real Estate Acquisitions Inc. purchased this net leased property for approximately $160 per square foot. Inland Real Estate Acquisitions, Inc. purchased this net leased property with an agreement for Inland Diversified Real Estate Trust, Incorporated.

This triple net lease property sits in Waxahachie which is approximately 27 miles South of Dallas. This triple net leased property is part of the Dallas MSA (metropolitan statistical area). The triple net lease property is situated off Highway 77 with approximately 29,000 cpd (cars per day) and Highway 287 with approximately 39,711 cpd (cars per day). The net leased property in Waxahachie which is the county seat of Ellis County. We do not have information on the Commercial Loans on this NNN Lease Investment acquisition.

This Texas net leased property is an approximately 96,979-square-foot retail shopping center with high quality Tenants. The net leased property, Waxahachie Crossing shopping center, is anchored by Best Buy, Ross Dress For Less and PetSmart. The net leased property is fairly new as it was built in 2009. Some other NNN Lease Properties tenants on this deal include Famous Footwear, Maurices and an AT&T cellular store. The Texas Retail Shopping Center is approximately 97% leased. The net leased property has shadow-anchored properties which are Home Depot and a JC Penney, however they were not included in this NNN Lease Investment acquisition.

Waxahachie Crossing shopping center has triple-net leases with the superb tenants and those Tenants pay their own taxes, insurance and common area maintenance. The Waxahachie Crossing shopping center Anchor tenants have newly inked 10-year NNN leases. Some of the other net leased property tenants are on five-year original term leases.

The net leased property, Waxahachie Crossing, should continue to prosper as this area has an excellent industrial and distribution job base. Also NNN Lease Investments in the area are near a Walgreen’s distribution center and major facilities for Owens Corning, Dart Transit, Baylor Medical and U.S. Aluminum.

In the immediate area is the Waxahachie Towne Center located on 1450 US Highway 77 North. This retail power center has Target, Lowe’s and Belk. The net lease properties are surrounded by various national restaurant chains. Waxahachie Towne Center is a large net leased property that is approximately 405,779 square feet. The net leased property, Waxahachie Towne Center currently offers probably the strongest regional draw in Texas retail sub-market.

The Waxahachie Towne Center, Texas Retail Shopping Center,, also consists of other fine net lease tenants such as Mattress Giant, Fantastic Sams, Marble Slab Creamery, Anytime Fitness, CiCi's Pizza, Wing Stop, Sally Beauty Supply, and Radio Shack. Also this Waxahachie Towne Center Power Center has pad sites bringing in traffic which are Chili's, Olive Garden Italian Restaurant, Long John Silver's, A&W, Chick-fil-A, Johnny Carino's, Panda Express, and Fire Mountain. This Texas Net Leased Property owns one of the most visible and accessible retail locations in Dallas submarket.

The net leased property Buyer, Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities which are a part of The Inland Real Estate Group of Companies, Inc. (“Inland”). Inland Real Estate Acquisitions has a corporate headquarters in Oak Brook, Illinois. Inland Real Estate Acquisitions, Inc. has been ranked one of the largest net leased retail shopping center owners in North America. Inland Real Estate Acquisitions also is one of the top managers of retail net leased properties in the United States. Recent reports in 2010 showed that Inland Real Estate Acquisitions owned and managed in total more than 123.2 million square feet of NNN commercial real estate, spread out in 47 states.

Inland Diversified Real Estate Trust, Inc. is currently a public, non-listed commercial real estate investment trust (REIT). This real estate investment trust has an investment strategy that seeks to acquire and develop NNN commercial real estate located in the United States and Canada. The Oak Brook, Illinois-based real estate investment trust also seeks potential acquisition opportunities of other REITs or commercial real estate operating companies.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.






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NNN Lease Investment for 1031 Exchange

Hendersonville, North Carolina - Our Net Lease Properties news today comes from the beautiful State of North Carolina. We thought many Florida Triple Net Lease Properties Investors would move to North Carolina and Tennessee. However, after the crushing residential market in Florida expanded across the Country, many stayed put in Florida. Our Net Lease Property checked revealed the sale of a Walgreen's Pharmacy. This net lease property is a 15,371 square foot, single-tenant investment. This net leased property is located in Hendersonville, North Carolina.

Hendersonville, North Carolina is located approximately 20 miles southeast of Asheville, North Carolina. This Net Leased Property is in Henderson County. Henderson County is part of the four-county Asheville Metropolitan Statistical Area, and remains one of the mot highly populated areas in North Carolina. With numbers like these for retail traffic, this is a wise choice for triple net lease properties. The historic downtown of Hendersonville has a well-preserved Main Street district with many restaurants, antique shops, and boutiques. Hendersonville is home to many festivals throughout the year and maintains a steady amount of tourism from the surrounding vacation destinations.

This unique net-leased investment gives this savvy investor a long-term net leased property with an A+ rated tenant in the well-established bedroom community of Hendersonville, North Carolina. The net lease property address is 1148 Asheville Hwy, Hendersonville, NC 28791. The Net Lease Investment was purchased for $5,033,000.

This Net Lease Property had a rent commencement date of February 16, 2009. The whereabouts of the net lease investment is on the NE corner of the intersection of Oakland Street and Asheville Highway/US-25. This is a desirable location for triple net lease properties as the intersection is considered the epicenter of Hendersonville. Also US-25 serves as the main north-south commercial corridor that runs through the historic downtown district. Again, a wise investment as this Net Lease Property has No Landlord responsibilities, and the tenant is responsible for all expenses, including taxes, insurance and CAM.

This net lease property site was strategically chosen due to its proximity to the Margaret R. Pardee Memorial Hospital, various (MOB) medical office buildings and the local high school and middle school. Nearby net lease properties are National retailers such as SunTrust, Exxon, Rite Aid, Ingles, Bank of America, Burger King and Sprint are all located in the immediate vicinity.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
CONTACT US HERE for:
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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.



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Triple Net Lease Property Sold in Oklahoma City

Oklahoma City, Oklahoma - Net Lease Properties has news on the largest industrial deal of the year in Oklahoma City. This huge net lease property deal is the $13 Million purchase of the National Oilwell Varco industrial warehouse. This Absolute NNN, (Triple net lease property) is located at 6602 Newcastle Road.

Some information on the Guarantor of the net lease is that they are a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production. National Oilwell Varco has experience in the provision of oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.

The purchaser of this triple net lease investment is an investor group. They acquired the 76,600-square-foot warehouse and the sales price equated to a price-per-square-foot of $169.71. National Oilwell Varco has just signed a 15 year guaranteed lease for this new building.

This triple net lease investment transaction shows the trend that net lease property deals are still highly desired when a quality credit Tenant is in place.

Triple Net Lease Properties

If a Triple Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Investments.

Triple Net Lease Properties are an ideal debt replacement Vehicle for 1031 Investors who are involved in a 1031 tax deferred exchange.
Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

•AutoZone Net Lease Investment
•Burger King Net Lease Investment
•Costco Net Lease Investment
•CVS Net Lease Investment
•FedEx Net Lease Investment (Federal Express Net Lease Investment)
•Home Depot Net Lease Investment
•Kohl’s Net Lease Investment
•Kroger Net Lease Investment
•Lowe’s Net Lease Investment
•McDonald’s Net Lease Investment
•Oreilly’s Net Lease Investment
•Publix Net Lease Investment
•Safeway Net Lease Investment
•Staples Net Lease Investment
•Steak n' Shake Net Lease Investment
•Target Net Lease Investment
•Walgreens Net Lease Investment
•Wal-Mart Net Lease Investment
•Wendy's Net Lease Investment

You can find capital for Commercial Loans, and Non Recourse Loans at Loanrise.com. Also capital is available for a Credit Tenant Loan.

Net Lease Investment Portfolio Sold

Lancaster, Pennsylvania - Net Lease Properties news today is on a net leased investment portfolio which was sold. Pennsylvania Real Estate Investment Trust (PREIT) sold the net leased investment portfolio for approximately $134 Million. RioCan Real Estate Investment Trust did a joint venture with Cedar Shopping Centers, Inc for this acquisition. These Companies purchased the portfolio of five net leased grocery anchored and retail centers located in Pennsylvania, Virginia, and New Jersey.

The five net lease properties include the following:

New River Valley Center is located in Christiansburg, Virginia, approximately 55 miles north of the Virginia / North Carolina state border. This leased retail center is in close proximity to Virginia Tech University. New River Valley is a 165,000 square foot new format retail center which was built in 2007. The tenants at the property include a 30,000 square foot Best Buy (lease carries to 2018), Old Navy, Ross Dress for Less, Bed Bath & Beyond, Staples, and PetSmart.

Pitney Road Plaza is located in Lancaster, Pennsylvania, which is situated midway between Philadelphia and Harrisburg Pennsylvania. Pitney Road Plaza is a new format, leased retail center and was constructed in 2009. The commercial real estate acquired is a 46,000 square foot freestanding Best Buy (lease carries to 2020), which is part of the overall center that is shadow anchored by Costco and Lowe's (Lowe's, a viable triple net lease property to consider).

Creekview Center is a 136,000 square foot, leased, grocery-anchored shopping center that was constructed in 2001. This commercial real estate is anchored by a 49,000 square foot Genuardi's Supermarket (Safeway) (lease expires in 2021). This leased grocery-anchored shopping center is located in Warrington, Pennsylvania, a suburb of Philadelphia. This net lease property is shadow anchored by a Target and a Lowe's Home Improvement Warehouse. Other major tenant leases are for Bed Bath & Beyond and LA Fitness.

Sunrise Plaza is anchored by a 131,000 square foot Home Depot (lease expires 2038), a 96,000 square foot, net lease Kohl's Department Store (lease expires in 2029), and a 20,000 square foot Staples. These net leased properties may be triple net leased properties and non recourse loans could be available on these net lease investments. Sunrise Plaza is located in Forked River, New Jersey, approximately 55 miles east of Philadelphia. Sunrise Plaza is a 254,000 square foot new format retail center and was constructed in 2007.

Monroe Marketplace is the other commercial real estate investment in this portfolio. This net lease property is located in Sellinsgrove, PA, which is located in central Pennsylvania along the Susquehanna River. This 335,000 square foot, leased, grocery-anchored shopping center that was constructed in 2008. Monroe Marketplace is anchored by a 76,000 square foot Giant Supermarket with a lease until 2028. This net lease investment also has a 68,000 square foot Kohl's Department Store with a lease until 2029. The net lease investment is shadow anchored by a 127,000 square foot Target. Other major tenants at the subject property
include Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Michael's and PetSmart.

Net Lease Properties & Commercial Loans

If a Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Property Investments. Some examples of net leased properties to purchase are a CVS, FedEx, Walgreen's, Target, Publix or a property net leased to McDonald's, Dollar General, Burger King, Wendy's or Taco Bell.

If you are considering purchasing Commercial Real Estate or a Net Leased Property, you can consider getting a Mezzanine Loan. Mezzanine Financing and Non Recourse Loans are available through Commercial Loans at Loanrise.com.

A Net Lease Renewed For LexisNexis in Boca Raton

Boca Raton, Florida – Net Lease Properties has news from beautiful Boca Raton, Florida. LexisNexis has a new net lease renewal at the Meridian Commercial office complex. This net lease is a 10 year, $13 million lease. This location at the Arvida Park of Commerce, is close to the I-95 exit for Yamato Road. It is located at 6601 Park of Commerce Boulevard, Boca Raton. This is very close to the Boca Raton Panera Bread on Yamato.

This area of Boca Raton can get anywhere from $14 to $17 per square foot for triple net lease properties. We did see some smaller Office space with a triple net lease available under $14 per square foot.
The landlord of the Meridian Commercial office complex is a pension fund advisor based in New York known as Granite Meridian, LLC.

LexisNexis has the entire, 61,524 square foot building under lease. LexisNexis is a strong, credit tenant, one of the best in Boca Raton. They thought it was better to stay put then to move their entire Office facilities to a new net lease property.

The net lease property is located within minutes from Florida Atlantic University, fine Restaurants and Shopping.

LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. A member of Reed Elsevier, LexisNexis serves customers in more than 100 countries with more than 15,000 employees worldwide.

Net Lease Properties & Commercial Loans

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or another Net Lease Property.

Net Lease Properties & 1031 Exchange Conference

New York - Net Lease Properties has news on an upcoming event for players in the net lease properties, 1031 and sale leaseback markets.


France Publications and its InterFace Conference Group will bring together all of the leading players in the net lease, 1031 and sale leaseback markets for InterFace Net Lease, a national networking conference in New York City on September 23rd (cocktail reception to be held the night before on September 22nd). Organized by InterFace Vice President Rich Kelley, who has produced national net lease conference events for more than 10 years, InterFace Net Lease will focus on:

• What net lease lenders are active in the current debt market and how have the financing terms changed over the past year?
  
• Who are the most active equity investors and what strategies are they pursuing in this market?
  
• With new single tenant construction at a cyclical low, what will drive the supply pipeline in the first half of 2011?
  
• What is potential impact of carried interest legislation on net lease and 1031 investment markets?
  
• What is the current state of the 1031 market and when will it recover?
  
• What potential tax and accounting changes could impact on the sale leaseback market?
  
• As foreclosures accelerate, will zero cash flow 1031 exchanges become more prevalent?
  
• How will retailers’ ‘new urbanism’ impact net lease investment market?
  

If you are active in the net lease properties, 1031 and sale leaseback markets, there is somewhere you need to be on September 23rd — InterFace Net Lease!

Contact Information:
Richard Kelley
Vice President, InterFace Conference Group
Phone: 914-468-0818
Email: rkelley@francepublications.com

A Walgreen's Net Lease Investment Sells For $9.2 Mil

Barrington, Illinois - Net Lease Properties news for the weekend is regarding a Walgreen’s. The free standing Walgreen’s, net lease investment sold for one of the highest prices in 2010. A net leased investment brokerage company, Boulder Group worked on putting this transaction together. This single tenant, net lease property is located at 189 Northwest Highway in Barrington, Illinois.

The buyer of this net leased Walgreen’s was a California commercial real estate investor and the sale price was $9.275 million. This retail property, free standing building is approximately 14,490 square feet and was newly constructed in one of the wealthiest area near Chicago. The Barrington zip code 60010 is the seventh wealthiest zip code in the country as recent reports state.

The net lease property sits on one of the most heavily trafficked roads of the Chicago suburbs. A retail property, net leased to a credit tenant with a long term lease, in a great area and that makes for a very worthy net lease property investment.

Across the street from this net leased Walgreen’s is a newly constructed Chase Bank and other national retailers. There is a new retail development called the Shops at Flint Creek, located just south of this Walgreens. The Shops at Flint Creek is anchored by Staples and also has a Bank of America.

Net Lease Properties & Commercial Loans

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

Non Recourse Loans on Shopping Centers

Non Recourse Loans

Bloomfield Hills, Michigan - Net Lease Properties has news for the day on Taubman Centers. Taubman is known for its focus on dominant retail malls with the highest average sales productivity in the nation. Taubman Centers is a real estate investment trust (REIT) which is headquartered in Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in Hong Kong.

The new reports are regarding the non recourse loan for Arizona Mills. Located at the Arizona Mills Interchange, at the intersection of Interstate I-10 and US Highway 60 in Tempe, Arizona. The refinancing of Arizona Mills was recently completed. The terms of the refinancing are a 10-year $175 million non-recourse loan. This Commercial Loan bears interest at an all-in rate of 5.83 percent, with amortizing principal based on 30 years. Taubman will use proceeds from the refinancing to pay off the existing $131.0 million 7.90 percent loan, with excess amounts distributed to the partners.

We previously reported on the Non Recourse Loan (Click Here) for The Mall at Partridge Creek, in Clinton Township, Michigan. A brief scenario on that Non recourse loan is it was a 10-year $82.5 million non-recourse loan which bears interest at an all-in rate of 6.25 percent.

Taubman believes that conditions in the capital markets have improved over the past several months, particularly for good sponsors and good assets. They are pleased with the amount of proceeds and interest rates on these two new non recourse loans.

Second quarter reports on Taubman Centers have Tenant sales per square foot which were very strong in the quarter, up 12.1 percent, bringing the year to date increase to 11.4 percent. They are led by their centers in Michigan and Florida, more than half of their centers had sales per square foot increases in the double digits for the quarter.

Leased space for Taubman's portfolio was 90.8 percent on June 30, 2010 compared to 91.3 percent on June 30, 2009. The average rent per square foot for the second quarter of 2010 was $43.20 versus $43.40 in the second quarter of 2009.

Net Lease Properties & Non Recourse Loans

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

Commercial Real Estate News For South Florida

Palm Beach Gardens, Florida - Net Lease Properties news today centers around commercial real estate in south east Florida. First of all, a retail strip center in Palm Beach Gardens sold. This retail strip center has sold for $740,000. It is known as Clocktower Plaza as is located at 4203-4241 Northlake Boulevard, just west of the I-95 exit. This strip center sits behind a Gas Station at Northlake Boulevard and Keating Drive.
Reports are that this retail strip center was on the market only 22 days before going under contract.
We are not seeing too many Net Leased Properties for sale, in this area. An Office Building
Strip Center, Net Lease Investment with 3 years left on the lease, is being marketed in Lake Park, Florida.

For next bit of Commercial Real Estate News, we travel down to Pembroke Pines, Florida. Pembroke Pines sits west of Fort Lauderdale and Hollywood, not far from Miami Beach Commercial Real Estate investments.
The Taft Retail Center sold for $734,000. The Taft Retail Center is located at 1591 NW 77th Way in Pembroke Pines and is 6,700 square feet. The seller was a local private trust and sold the property to a foreign investor.
The property was built in 1973, and is currently 100% leased. The leases are to three long-term tenants. Taft Market & Deli leases a portion of the property as does Angie's Pet Spa & Boutique, and Bitter Blue Lawn & Garden.
This area currently has a net leased property, that is an Office Building being marketed.

Net Lease Properties & Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings are 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.

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.

NNN Distribution Center Sold For $26.1 Mil

Coatesville, Pennsylvania - This mornings news from Net Lease Properties is on a distribution center. An entity named KS Coatesville PA sold a net lease property for $26.1 million. The Buyer was known to be a Private Investor.
The 150,000-square-foot triple net leased property is located at 201 Waverly Boulevard in Coatesville, Pennsylvania. The distribution center is approximately 45 miles West of Philadelphia.

The net lease property is 100% occupied by Keystone Foods. Keystone Foods is a global manufacturer and supplier of protein products and a custom food-service distributor. More Information on the net leased property is that it is on 20.4 acres, includes 30-foot clearance, and 35 docks. The Building also has office space, dry storage, freezer storage, cooler, cold docks and maintenance facilities.

At one point in time this Net Lease Property was being marketed as a 8.04% Cap rate.
This property, which has expansion capabilities, distributes products to more than 400 McDonald's locations throughout Pennsylvania, New Jersey and Delaware.
Coatesville represents an attractive point of distribution due to its proximity to I-76 (Pennsylvania Turnpike) and Route 30.

Net Lease Properties & Financing

If Shopping Centers, 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, Target, Publix or other Net Lease property.

Vinings Main, Mixed-Use Development Sold For $24 MIL

Atlanta, Georgia – The Net Lease Properties news this morning is from Vinings, an area inside the Atlanta perimeter. ACG Equities Inc. purchased Vinings Main, which is a mixed-use commercial and residential condominium development in the Atlanta suburb for $24 million cash. The acquisition represents the first allocation from ACG Equities’ $150 million, Midwest-based private equity fund.

Reports are that Officials from ACG Equities said this purchase is its first in a planned series of acquisitions in recovering markets. The company’s sister firm, ACG Management, will provide an asset and property-management service platform for Vinings Main and other projects the ACG Equities’ fund acquires.

The Vinings Main project is located just inside the perimeter on Paces Ferry Road. An affluent area which is on the northwest side of Atlanta. This transaction includes 34,000 sq. ft. of office condominium space, 17,000 sq. ft. of retail space and a 461-space parking deck. Currently, the highest profile retail tenant is the Social Vinings restaurant, owned and operated by Paul Albrecht’s Great Food Group, Incorporation. Vinings Main was built at a cost of $57 million and opened in 2008. However Vinings Main was taken into foreclosure last December by its 23 lenders, after having sold only three of its 148 residential condominiums.

This Vinings neighborhood is a classic area with by high-end, high-density residential developments, Class A office buildings, distinctive restaurants and national brand retail merchants. The retail space at the Vinings Main is approximately 82% leased, although Net Lease Properties news has heard ACG plans to sell that space.

Net Lease Properties & Financing

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities. Contact to purchase a CVS net leased property, Walgreens net lease property, Target, Publix or other NNN Lease Investment.

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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Vinings Main, Mixed-Use Development Sold For $24 MIL

Atlanta, Georgia – The Net Lease Properties news this morning is from Vinings, an area inside the Atlanta perimeter. ACG Equities Inc. purchased Vinings Main, which is a mixed-use commercial and residential condominium development in the Atlanta suburb for $24 million cash. The acquisition represents the first allocation from ACG Equities’ $150 million, Midwest-based private equity fund.

Reports are that Officials from ACG Equities said this purchase is its first in a planned series of acquisitions in recovering markets. The company’s sister firm, ACG Management, will provide an asset and property-management service platform for Vinings Main and other projects the ACG Equities’ fund acquires.

The Vinings Main project is located just inside the perimeter on Paces Ferry Road. An affluent area which is on the northwest side of Atlanta.
This transaction includes 34,000 sq. ft. of office condominium space, 17,000 sq. ft. of retail space and a 461-space parking deck. Currently, the highest profile retail tenant is the Social Vinings restaurant, owned and operated by Paul Albrecht’s Great Food Group, Inc.
Vinings Main was built at a cost of $57 million and opened in 2008. However Vinings Main was taken into foreclosure last December by its 23 lenders, after having sold only three of its 148 residential condominiums.

This Vinings neighborhood is a classic area with by high-end, high-density residential developments, Class A office buildings, distinctive restaurants and national brand retail merchants. The retail space at the Vinings Main is approximately 82% leased, although Net Lease Properties news has heard ACG plans to sell that space.

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.

Net Lease Property with Walgreens as Tenant, Sold

Kissimmee, Florida - Net Lease Properties has Walgreens news today. Report of an in-state limited liability company has acquired a Triple Net Lease property with Walgreens as the Tenant. This LLC paid $5.6 million for a 14,490 square-foot Walgreens, developed last year and supported by a Triple Net Lease.

An investment specialist in Tampa for Marcus & Millichap Real Estate Investment Services, marketed the property for a Florida-based developer.

This Net Lease Property is located at 5180 US-192 in Kissimmee. This Walgreens investment is a fee simple, new construction Triple Net Lease Property. This Walgreens site just opened in September 2009.

Walgreen Co. (WAG) just recently raised its quarterly dividend 27% to 17.5 cents a share, topping its compound annual dividend growth rate of 24% in the past six years.

Net Lease Properties & Financing Still Available

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, FedEx, Walgreens, Target, Publix or an Industrial property.

Land Converted into Net Lease Properties

DAYTONA BEACH, Florida - Net Lease Properties has reports on an interesting company, Consolidated-Tomoka Land Co. They have a very basic business model. Their plan may be expanded both vertically and horizontally. Examples of vertical integration would be to develop and manage income properties in addition to the current practice of only owning them. Examples of horizontal integration would be to sell and manage real estate owned by other parties.
Consolidated-Tomoka Land Co. today reported net income of $126,829 or $0.02 earnings per basic share for the quarter ended June 30, 2010, compared with net income of $187,809 or $0.03 earnings per basic share for the same period in 2009.
This Daytona Beach Company has a business strategy of investing in income properties utilizing tax deferred exchanges. This strategy generates significant amounts of depreciation and deferred taxes.
Since income properties are excellent collateral for loans, the introduction of financial leverage could be a very powerful way to expand current activities.

Their portfolio of income properties continues to keep the Company profitable. The Company has seen no measurable improvement in the real estate sales market during the quarter. They believe the lack of lending sources to finance new projects coupled with weak consumer confidence is slowing recovery in this sector of business.

Consolidated-Tomoka Land Co. is a Florida-based company primarily engaged in converting Company owned agricultural lands into a portfolio of net lease income properties. These Net Leased Properties are strategically located in the Southeast. They currently utilize 1031 tax-deferred exchanges.
The Company also engages in selective self-development of targeted income properties. The Company's adopted strategy is designed to provide the financial strength and cash flow to weather difficult real estate cycles.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Apartment Complexes, 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.

Acquisition of 2 Shopping Centers in Port St. Lucie

Port St. Lucie, Florida - Net Lease Properties site has news on acquisitions. Inland Real Estate Acquisitions Inc. has recently purchased two retail shopping centers in Port St. Lucie, Florida. Port St. Lucie is approximately 49 miles north of Palm Beach. The purchase price for these two retail shopping centers is for $73.7 million. These shopping centers were bought on behalf of Inland Diversified Real Estate Trust Inc. Inland Diversified Real Estate Trust, Inc. is a newly formed corporation that intends to be taxed as a Real Estate Investment Trust (REIT).

Here is a description of the Publix anchored shopping center. The Tradition Village Center, which is anchored by a Publix grocery store is 112,421 square-feet. The REIT also bought a portion of the 359,775 square-foot, The Landing at Tradition power center.

The Publix Super Market is at Tradition Square at 10400 SW Village Center Drive, Port Saint Lucie. If you are in the area, don't miss Kilwin's. Kilwin's is located at 10478 SW Village Center Drive, Port St Lucie.

Kilwin's has been a celebrated part of Northern Michigan since 1947, and has a reputation for its quality products and excellent service. Their fudge and desserts are great.

Commercial Real Estate Investors have discussed these quality assets, located in an upscale Sun Belt community. These Net leased properties serve the population’s current needs quite well and have the potential for long-term growth.

Recent reports had these properties on the market for more than two years and the original asking price was $115 million. Both retail shopping centers are part of a recently-constructed master planned community in Port St. Lucie.

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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.

New Publix Anchored Shopping Center Proposed

Fort Myers, Florida - Net Lease Properties news for today has a Publix anchored shopping center coming to North Fort Myers.
This Commercial Real Estate will be a shopping center and Publix grocery store. This Publix anchored shopping center is located at the southwest corner of Bayshore and Slater Roads in North Fort Myers. The shopping center's anchored by the 46,500 square foot Publix store will also include 23,760 square feet of local shop space.

The Publix anchored shopping center will be the first phase of a 70 acre mixed-use project. In time this will include a 175-lot residential subdivision to be located just south of the shopping center. The new subdivision development is slated for 2012-13. The shopping center could break ground in October of this year if sufficient local shop leases are procured.

This Commercial Real Estate Investment will also include 4 out-parcels for banks, gas stations, fast food and sit down restaurants, and other businesses.

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

Net Leased Property with Publix Tenant Sold $26M

North Palm Beach, Florida - Net Lease Properties news today is that a Publix-anchored shopping center sold for $26.5 million in a short sale. This Shopping Center is called Sunshine Square shopping center and is located in Boynton Beach. Boynton Beach, Florida is approximately 16 miles south of Palm Beach.

This short sale has helped alleviate the pressure for the shopping center owner by satisfying one of the six foreclosure lawsuits that target its properties.

Apparently in March, KeyBank filed a foreclosure action against Woolbright Sunshine and the president of Woolbright Development, over a $28.5 million mortgage covering the shopping center.

Woolbright Sunshine bought the shopping center for $23 million in 2007. The Commercial Real Estate includes a 109,489-square-foot retail center at 501 E. Woolbright Road and a 41,249-square-foot supermarket leased to Publix. Other Tenants include Bealls and Subway.

As of recently is had been difficult to find a Net Leased Property with Publix as a Tenant. Publix is one of the top supermarkets in the country.

Net Lease Properties & Financing Still Available

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, FedEx, Walgreens, Target, Publix or an Industrial property.

Absolute Triple Net Lease Property Sold

Dallas, Texas - Net Lease Properties has some news for this weekend. An absolute Triple Net Lease Property was sold. This Net Lease Property has a corporate guarantee by Buffalo Wild Wings Grill & Bar.
This Net Leased Property has 6,148 square feet and is a single-tenant property located at 1525 William D. Tate Avenue in the Dallas / Fort Worth metroplex.

The Net Leased Property has 10 percent rent escalations every five years with zero landlord responsibility on this Triple Net Lease with ten years remaining.
One of the closest Walgreen's is about 1.5 miles away. That Walgreens is located at 912 West Northwest Highway, in Grapevine, Texas.
These Net Lease Properties are very close to the Dallas - Fort Worth International Airport.

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If you are ready to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Office Building Highrises or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loans to purchase a new property.