North Carolina Net Leased Properties and Sale-Leasebacks

Charlotte, North Carolina - Our Net Lease Properties information for this evening is from a great business area, Charlotte, North Carolina. Many of our Triple Net Lease Properties investors are concentrating on the southeast area of the Country. Texas and the southeast portion of the Country are the current hot spots for Triple Net Lease Properties. This current Net Lease Properties transaction is on an Office Building, situated in Hickory, North Carolina. This net leased property, in Hickory, is approximately 54.7 Miles northwest from Charlotte. Hickory is in Catawba County, North Carolina. Hickory is also home to some of the oldest furniture manufacturers in the United States.

The net leased property buyer was Gladstone Commercial Corp., as they add to their impressive Investment Property Portfolio. The net leased property acquired by Gladstone Commercial Corp. is a (STNL) single-tenant, net leased property. This net leased property is approximately 60,112 square feet and cost Gladstone Commercial Corp. the sum of $10.7 million. The net leased property tenant has approximately nine years left on the net lease.

This net leased property brings the Investment Property Portfolio of Gladstone Commercial Corp. to a total of 66. Gladstone Commercial Corp. is keeping the address of this North Carolina net leased property hush hush. It has been reported that the net lease is guaranteed by a public, investment-grade corporation. This type of investment grade Tenant satisfies NNN Commercial Real Estate investors. The investment-grade Tenant has two five-year options to extend their term at this North Carolina net leased property.

We researched the metropolitan statistical area (MSA) of Hickory, North Carolina. We did find a similar net leased property that is a Class A Office Building. This other North Carolina net leased property is approximately 52,000 square feet and the asking price is only $6,750,000. The net leased property that was purchased by Gladstone Commercial Corp. is reported to be a build-to-suit property. Apparently, this makes a specialized net leased property more valuable for this Real Estate Investment Trust (REIT).

Gladstone Commercial Corp. is a publicly traded real estate investment trust (REIT) which has an effective strategy of acquiring triple-net leased properties, industrial property, medical office buildings (MOB) and various other types of commercial real estate properties. The real estate investment trust (REIT) owns about 6.7 million square feet located in 21 states. The REIT's Investment Property portfolio's occupancy is approximately 97%, with an average cap rate of 9.6%. The real estate investment trust also strives for sale-leasebacks with triple net lease properties.

Net Lease Funding for the Gladstone Companies is provided by three different public investment vehicles. Gladstone Capital Corporation, (NASDAQ: GLAD), Gladstone Investment Corporation, (NASDAQ: GAIN) and Gladstone Commercial Corporation, (NASDAQ: GOOD) are all capable to provide Commercial Loans for Gladstone's NNN investment property acquisitions. The Gladstone Companies is currently into second lien debt, mezzanine financing, secured and unsecured subordinated loans, equity and commercial real estate sale leasebacks. Gladstone Investment Corporation seeks to acquire commercial real estate investments that range from $5 to $30 million.

Gladstone Investment Corporation has an investment strategy that searches for businesses with an established operating history, strong, stable cash flow and sustainable market positions. Gladstone Investment Corporation has invested in a broad spectrum of other sectors that include Light and Specialty Manufacturing, Industrial Products, Business and Government Services, Media and Communications, Consumer Products and Services, Healthcare Services, Transportation, Specialty Chemicals and Energy Services. These could be attractive investments for some investors however our Triple Net Lease Properties investors get excited about Gladstone's investments in NNN Commercial Real Estate.

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

•24 Hour Fitness Net Lease Properties
•7-Eleven Net Lease Properties
•Advance Auto Net Lease Properties
•Ahold Net Lease Properties
•Applebees Net Lease Properties
•Arbys Net Lease Properties
•AutoZone Net Lease Properties
•Burger King Net Lease Properties
•Chick-fil-a Net Lease Properties
•Costco Net Lease Properties
•CVS Net Lease Properties
•Delhaize Net Lease Properties
•Dollar General Net Lease Properties
•Dollar Tree Net Lease Properties
•Dunkin' Donuts Net Lease Properties
•FedEx Net Lease Properties
•Goodyear Net Lease Properties
•Home Depot Net Lease Properties
•KFC Net Lease Properties
•Kohl's Net Lease Properties
•Kroger Net Lease Properties
•Lowe's Net Lease Properties
•McDonald's Net Lease Properties
•O'reillys Net Lease Properties
•Panera Bread Net Lease Properties
•Pep Boys Net Lease Properties
•Publix Net Lease Properties
•Rite Aid Net Lease Properties
•Safeway Net Lease Properties
•Shell Oil Net Lease Properties
•Staples Net Lease Properties
•Steak-n-Shake Net Lease Properties
•Taco Bell Net Lease Properties
•Target Net Lease Properties
•Verizon Net Lease Properties
•Walgreen's Net Lease Properties
•WalMart Net Lease Properties
•Wendy's Net Lease Properties



Bookmark & Share

Net Lease Property Acquisition of AT&T Store

Wilmington, North Carolina - We have news on a unique Net Lease Properties transaction. This was a net lease property that was marketed as an opportunity to purchase a sparkling, brand new net lease investment with a net-lease corporately guaranteed by AT&T. Agree Realty Corporation was the investor who purchased this retail net leased property. This net leased property leased to AT&T is situated at the northwest corner of New Centre Drive and South College Road. The AT&T store was just recently constructed and opened in time for the Holiday season.

The newly constructed net leased property will replace the old AT&T location that was at 351 College Road. The new net leased property location is 314 S. College Road, in Wilmington, with the zip code 28403. AT&T wants to continue to expand on their services to the Wilmington, North Carolina community. This is a great retail market for AT&T. The commercial real Estate developer of the building reported that the building has a very coastal look with a modern stucco exterior. The Commercial Real Estate developer was considering building this net leased property with two stories but the tenant, AT&T wanted just one story. The new net leased property was built based on a LEED design with an upgraded storm water management system. Apparently the new AT&T net leased property is located in a flood prone area.

This relocation of the 351 College Road high-performing store is in the heart of Wilmington's retail district, and is very close to the University of North Carolina Wilmington. The University of North Carolina Wilmington has an enrollment of approximately 27,916. The new AT&T net leased property is also adjacent to a Verizon Wireless store at 318 College Road, in Wilmington. We are unaware if the net lease property buyer was able to assume existing Investment Property financing.

Agree Realty Corporation paid approximately $3.3 Million for this net leased property. The Net Lease Property was being marketed at approximately $3.5 Million at a 7% Cap Rate. The net lease site is approximately 32,551 Square Feet of an acre. The net lease building is 4,000 square-feet. The lease is NN (net-net) and the rent escalates by $5 per square-foot every 5 (five) years in this lease term. This net lease investment is approximately 3 miles from the Wilmington International Airport. The net leased property has a close proximity to tenants that include Lowe’s, Sam’s Club, Best Buy, Staples, Applebee’s, and our coffee hook up at Starbucks. The Average Daily Traffic Counts currently exceeds 60,999 (VPD) to benefit NNN Commercial Real Estate.

This net lease property corporately guaranteed by AT&T is in a thriving coastal community and tourist area. Reports have more than 57,000 people living within 3 miles. The Wilmington - Wrightsville Beach area has exploded recently with retail traffic, becoming one of the premiere vacation destinations in the North Carolina and the Southeast.

Wilmington is a city in New Hanover County and the county seat. This net lease property will benefit from a metropolitan area with an estimated population of over 343,000 people. Wilmington is located in the southeastern corner of North Carolina between the Cape Fear River and the bodacious Atlantic Ocean. The city has of the largest motion picture and television studios outside of Hollywood. Film production invariably plays an important role in Wilmington's dominance. Wilmington has an industrial base that includes electrical, medical, electronic and telecommunications equipment. They also thrive with clothing and apparel, food processing, paper products, and pharmaceutical business. Wilmington’s economy and local triple net lease properties definitely benefit from tourism, with its close proximity to the ocean which gives plenty to seafood lovers.

Some information on the net lease Tenant, AT&T Inc. (NYSE: T). AT&T Inc. is the seventh largest company in the US by total revenue. AT&T is currently the largest provider of local and long distance telephone services, and DSL Internet access. Also, AT&T is the second largest provider of wireless service in the United States, with approximately 85 million wireless customers, and more than 149 million total customers and growing.

In 2010, AT&T sat comfortably on the list of the 50 Most Admired Companies by FORTUNE magazine. AT&T Inc. was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November of the year 2005. The name change of the net lease Tenant came as the result of a merger with AT&T Corporation. The parent company was founded in 1983 and is based in the great city of Dallas, in Texas.

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



Bookmark & Share