Net Lease Property Lowe’s Sells for $17.5M

Shippensburg, Pennsylvania - Net Lease Properties News for the day is that a 171,069-square foot Lowe's has sold. This Net Lease Property is in Shippensburg, Pennsylvania and has sold for $17.55 million, or $103 a square foot. Shippensburg is approximately 155 miles west of Philadelphia.

Lowe's has recently signed a 22-year Triple Net Lease agreement at this property. This Commercial Real Estate is located in a prime retail corridor in Shippensburg. The Net Lease Property is in a high-demand submarket, adjacent to a Walmart Supercenter and near a Kmart. The new ownership will benefit from Lowe's strong credit rating and an average total return during the lease period of more than 21 percent.

This Triple Net Lease Lowes is located at 250 South Conestoga Drive. Lowe's is situated on approximately 30 acres. Built in 2008, the property was sold with an assumable 22-year self-amortizing loan at 7.2 percent with 20 percent down.

Net Lease Properties Search & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, 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.

REIT Buys Net Lease Property Leased to CVS

Farmington Hills, Michigan - Net Lease Properties News for the day is that Agree Realty Corp. acquired a retail property in Johnstown, Ohio. The purchase price was $3.5 million.

The Net Lease Property that was acquired is a 13,200 square-foot building. This property is leased to Rhode Island-based CVS Caremark Corp. and has 24 years remaining on the lease.

Agree Realty Corporation is a fully-integrated, self-administered and self-managed real estate investment trust (REIT) based in Farmington Hills, Michigan.
Purchasing Commercial Real Estate occupied by CVS has been diversifying the real estate investment trust’s group of tenants.

As of April, the company reported that 31 percent of its real estate is occupied by Deerfield, Il-based Walgreen Co., 27 percent by Ann Arbor-based Borders Group Inc. and 11-percent by Hoffman Estates-based Kmart Corp.

Net Lease Properties Search & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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 Sold For $4.2 Million

FARMINGTON HILLS, Michigan - Agree Realty Corp. has purchased a retail property Net-Leased to CVS/Caremark Corp. in Atchison, Kan., for $4.2 million. This purchase of the Commercial Real Estate property that is net leased to CVS, supplements their roster of national tenants and continues to diversify their Investment Property Portfolio of net leased retail properties.

A net lease is where the tenant normally agrees to pay for ownership expenses, including utilities, repairs, insurance and taxes. Also, NNN Properties with No Landlord responsibilities in a strong retail area with an above average household income and long term net leases are highly desirable. Net Lease Properties can be purchased individually or on a portfolio basis.

Agree Realty Corporation has an Investment Property Portfolio chock full of net lease properties. As recently as June, 2010, the Company's total assets were $270,353,000. Their Investment Property Portfolio consists of 74 Commercial properties located in 15 states and totaling 3,492,468 square feet of gross leasable space. The Investment Property Portfolio was 99.2% leased at the end of the quarter. Agree Realty Corporation's construction in progress balance totaled approximately $9,738,000 at June 30, 2010. Also the Company capitalized $111,519 of construction period interest during the second quarter of 2010.

Commercial Real Estate 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, Walgreens, Target, Publix or other Triple Net Lease property.

Corporate Tenant Lease Portfolio Sold

NEW YORK - Net Lease News for today is that iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, has completed a sale of 32 real properties, or interests therein. This sale of real properties is to various subsidiaries of Dividend Capital Total Realty Trust Inc. The Commercial Real estate properties are leased to a diverse group of corporate tenants, primarily on a triple net lease basis.
iStar's portfolio is highly diversified by product type, geographic area, loan structure and origination vintage.

The aggregate purchase price for the portfolio was approximately $1.35 billion, before closing costs and other items. iStar Financial provided Dividend Capital Total Realty Trust Inc. with mezzanine loans totaling approximately $106 million as part of its financing for the transaction.
These mezzanine loans bear interest at an initial blended rate of 8.8% per annum and have effective maturities of three and five years. The balance of the purchase price was received in cash.

The Company expects to use the proceeds from this transaction to repay a $925 million loan secured by the properties being sold, as well as for general corporate purposes.
Company expects to recognize approximately $250 million gain associated with transaction.

Commercial Real Estate 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.

$250 Million, 5.75% Senior Unsecured Notes Rated 'BBB+'

NEW YORK - Further news regarding yesterdays announcement of the Sale-leaseback of Triple Net Leased Properties.
Fitch Ratings has assigned a 'BBB+' credit rating to the $250 million par value 5.75% coupon rate senior unsecured notes issued by Realty Income Corporation. The notes, which mature in 2021, were issued at 99.404% of par to yield 5.826% to maturity. Realty Income's Issuer Default Rating (IDR) is 'BBB+' and the Rating Outlook is Stable.
The company will use the proceeds from the offering, along with borrowings under Realty Income's revolving credit facility, to acquire 13 winery and vineyard properties. These Commercial Real estate properties are located throughout the Napa Valley in Napa, California, valued at $269 million. The properties are subject to 20-year Triple Net Lease agreements with Diageo Chateau & Estate Wines and are guaranteed by Diageo Plc.

If you are ready to invest in an Apartment Building or Triple Net Lease Properties then contact us, HERE. We have some strong programs for Apartment Building Loans.
Net Lease Properties can also assist with your Commercial Real Estate Mortgage to purchase it.

Sale-Leaseback Transaction for Triple Net Lease Properties

Escondido, California - Realty Income Corporation, the Monthly Dividend Company (R), has recently announced that they have signed a definitive purchase agreement to acquire approximately $269 million of winery and vineyard properties. These Commercial Real Estate properties will be under long-term, Triple Net Lease agreements.

Realty Income will acquire the properties subject to 20-year, Triple Net Lease agreements with Diageo Chateau & Estate Wines and guaranteed by Diageo Plc (NYSE ADR: DEO). Diageo Plc is one of the world's leading premium drinks company. The company produces and distributes more than 65 consumer brands in 180 markets worldwide and carries investment grade corporate debt ratings from Fitch Ratings (A-), Moody's Investors Service (A3) and Standard & Poor's Ratings Group (A-). Diageo's shares are listed on both, the London and on New York Stock Exchanges.

The Commercial Real Estate properties to be acquired are located throughout the Napa Valley in Napa County, California. Napa Valley continues to be the United States premier wine producing region. The Triple Net Lease properties are comprised of approximately 2,000 acres of vineyard properties as well as the winery, production, retail and visitor center buildings of both the Sterling Vineyards winery and the Beaulieu Vineyards (BV) winery with combined leasable space of approximately 400,000 square feet.
Diageo Chateau & Estate Wines will continue to manage and operate the properties and will retain ownership and marketing of their wine brands under this transaction. The vineyards being acquired in the sale-leaseback transaction have been in production for between 25 to 100 years, and the premium grapes grown and processed on the properties are used for several of Diageo's most highly regarded wine brands.

On a side note, Napa Valley is one of the most beautiful areas in our great country, America. If you ever get the chance, it would be a great getaway or perfect for a Romantic weekend with a loved one.

Commercial Real Estate 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, Walgreens, Target, Publix or other Triple Net Lease property.

REIT Secures $46.0 Million For 2 Credit Tenant Lease Investments

North Palm Beach, Florida - A real estate investment trust (REIT) focused on single-tenant real estate investments, has announced that it closed on a $37.0 million Non-Recourse Loan (first mortgage loan) secured by its approximately 295,000 square-foot office building. This Commercial Real Estate Investment is located in the University of Utah's Research Park in Salt Lake City, Utah.
The second NNN Commercial Real Estate Investment is used to secure a $9.0 million Non-Recourse Mortgage (a first mortgage loan) is its approximately 128,000 square foot office facility located in Greenville, South Carolina.

The real estate investment trust, (REIT) has one asset in Salt Lake City, Utah is leased to the University of Utah and consists of a leasehold interest with a remaining term of 18 years. This new Non-Recourse loan bears an interest fixed rate of 5.527% and fully amortizes over 18 years.

The real estate investment trust, (REIT) has the other asset in Greenville, South Carolina. This Non-Recourse Mortgage is a fee interest and is leased to a Car Insurance Company for a 20-year term. The new loan requires interest-only payments at a rate of 5.50% and matures on January 15, 2015.

Commercial Real Estate Search & Mortgage Loans

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

Triple Net Lease Video, Dollar General

We have a short Video with an explanation of how Dollar General has moved from a Gross Lease Structure to a Triple Net Lease Structure.

Commercial Real Estate Funding & Search For Triple Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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. Let us help you secure financing for a Dollar General, Net Lease Property.

Triple Net Leased Pizza Hut sells for $1.1 Million

Newberry, South Carolina - A Net-Leased Property transaction was recently completed for a Commercial Real Estate Investment in South Carolina.
A Net-Leased Property with a Pizza Hut sold, located in Newberry, South Carolina. This single-tenant property was one of the few available in this area. The Pizza Hut, which is approximately 3,573 square feet, sold for $1,105,263. Pizza Hut is a restaurant chain and international franchise based in Dallas, Texas.

The Net-Leased Property was signed to a new 20-year "NNN" Triple Net Lease with a multi-unit franchisee. The property sits across from a Walmart Supercenter and is adjacent to Lowe’s Home Improvement. The buyer closed all-cash in under 30 days.”

Newberry looks like a town that could see a Walgreens constructed soon. Walgreen's as a Tenant is a viable option when searching for a single-tenant net-leased property.

Net Lease Funding & Search For Commercial Real Estate

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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.

Sale of Retail Single-Tenant Triple Net Ground Lease for $1.3 Million

Bessemer, AL - An Investment brokerage firm has recently completed the sale of a single tenant ground lease in Bessemer, AL for $1.3 million. The Ground Lease Property is a 2.02 acre parcel and is leased to Logan’s Roadhouse on a long term ground lease. The out parcel is located within Colonial Promenade Tannehill Shopping Center that is anchored by Target, Publix and JC Penney.

The address of this Commercial Real Estate Investment property is 5000 Band Boulevard in Bessemer, AL.

This was one of the few nationwide long term ground leases that provided a high yield, prime retail location, and with corporate credit. The supply of quality ground leases continues to diminish as demand for this product has picked up significantly. Also in high demand are Triple Net Lease Properties.

Net Lease Funding & Search For Commercial Real Estate

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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.

Lender-Owned Apartments sell in Tampa

Tampa, Florida - Marcus & Millichap Real Estate Investment Services has recently announced that 121 units at a failed condominium conversion, named Legacy at Tampa sold for $2.1 million. This equates to $17,355 per unit, which we feel is a fantastic deal for a Commercial Real Estate Investment, especially in Tampa.
This is not a nice return for Compass Bank, which took the condo community back from Group Developers LLC last July. Apparently Group Developers were only able to manage to sell just 47 units averaging just under $182,000 each.

Reports of the Buyer have been hush, hush. We will have to give the Commercial Real Estate Investors very high marks to pull of this purchase of the Legacy at Tampa, Apartment Complex.

Constructed in 1983, the community was operated as an Apartment Community until mid-2006 when it was purchased and converted to condominiums. Sales commenced in 2007, and between May 2007 and March 2008 some 47 condos were sold at an average price of $181,864 per unit.

The location of Legacy at Tampa is at 13801 N. 37th Street in Tampa, Florida.

Commercial Real Estate Search & Non-Recourse Loans

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

Net Lease Property News

Triple Net Lease Properties Big News for the day is about General Growth Properties. They are one of the largest mall property managers in the U.S.A. and the current owner of the beautiful "Mizner Park" in Boca Raton. General Growth Properties is planning to launch an initial public offering (IPO) on the New York Stock Exchange Friday, according to the Associated Press. Past news was that General Growth Properties had filed for bankruptcy protection last April. Probably the largest real estate bankruptcy case ever recorded in the U.S.
Net Lease Properties was told Simon Property Group offered to buy the company outright in February for estimate of $10 billion. However that deal was turned down.
News from:
Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎

Non Recourse Loan Information

Triple Net Lease & Apartment Building Non Recourse Loans

Recourse Loans get their name from the fact that lenders have the power. With a recourse Loan the Lenders are allowed to go after you for amounts that you owe, even after they’ve already taken the property.
A suggestion is to try for the Non Recourse Mortgage.
A Non-Recourse Loan has many benefits. With a Non Recourse Loan, you are only responsible for the collateral associated with the Loan/Mortgage. If you default on the Loan, you lose only the Property/collateral. If the value of the asset dropped during the period of the Non-Recourse loan, the difference between the value and the loan does not have to be re-paid. In that case, the lender would be responsible for the debt.
Also with a Non-Recourse Mortgage the borrower generally receives a better interest rate than most standard Commercial Real Estate Mortgages.
Many Commercial Real Estate Investors assume that the Non Recourse Loan is available only on Net Lease Properties with a Credit Tenant. We currently have Financial sources for Apartment Building Non Recourse Loans.

If you feel this is the right time to invest in a Net Lease property or an Apartment Building then contact us, at our Net Lease Properties Email. Net Lease Properties can also assist with your locating a Property.

Atlantic Retail Properties has Net Lease with Solantic

Jupiter, Florida - Our Net Lease Properties news today comes from Jupiter. The Jupiter which is in the beautiful Palm Beach County Florida. We wanted to report that Solantic Walk-In Urgent Care Center have a net lease in Jupiter, Florida. Jupiter is a gorgeous town, with many valuable triple net lease properties, Retail Shopping Centers and Office Buildings. Recently there is a growing demand for Medical Office Buildings (MOB).

Solantic is situated in many net lease properties that have state-of-the-art clinics. Solantic strives to make it easier for Florida patients seeking immediate healthcare services like a pre-op physical, an immunization for travel abroad or sutures for a workers' comp injury. Solantic has many walk-in urgent care centers in the greater Jacksonville area. Many patients have come to believe that Solantic has affordable and convenient healthcare services operating out of Florida net lease properties.

Solantic began in June of 2001, and opened their initial Solantic urgent care center in February of 2002. Solantic is Florida’s fastest growing, physician staffed, with their convenient Medical Office Buildings and health care clinics. Solantic recently received a $100 million investment from a private equity firm. With this private equity firm's investment, Solantic does plan to net lease more than 36 clinics by the end of 2009. Solantic Walk-In Urgent Care Center reports that you do not have to wait days, or weeks for a quality doctor's appointment. Just walk-in to any Florida Solantic urgent care center and they will take good care the patient.

Atlantic Retail Properties did execute the net lease for Solantic Urgent Care. Atlantic Retail Properties exclusively represents Solantic throughout the state of Florida except for in Orlando. Atlantic Retail Properties continues to search for new freestanding net leased properties on behalf of their client, Solantic. Atlantic Retail Properties is searching for NNN Commercial Real Estate in new and existing commercial real estate markets.

Atlantic Retail Properties represents many fine Tenants for triple net lease properties available in Florida and the southeast. Some of the clients include BJ's, Burlington Coat Factory, Barnes & Noble, HH gregg, JoAnn Stores, Ethan Allen, Off Broadway Shoe, ACE Hardware, Petco, Dollar General, Pep Boys, Bike America, Family Christian Stores, Mattress Firm, TD Bank, Solantic, Leslies Swimming Pool Supplies, Energy Kitchen, and Vitamin World. Atlantic Retail Properties has great Tenants that net lease property for restaurant use that include Maggiano's, Romano's Macaroni Grill, Chili's, JuiceBlendz and Tijuana Flats.

We have investors who seek high-quality retail shopping centers, grocery-anchored centers, and triple net lease properties. Our investors are prepared to purchase your net lease properties with long-term net leases.

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

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.