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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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.

Retail Shopping Center Sells For $34 Million

Atlanta, Georgia - We have some Commercial Real Estate news for the Atlanta area.
Coro Realty Services LLC has purchased an excellent piece of Retail Space in Midtown Atlanta.

The Coro Realty group bought Midtown Place from The Sembler Co. for $34.4 million. This transaction includes assumption of a $17.9 million Commercial Real Estate Loan.
The Property was not being shopped by Sembler Co. However the 256,712 square-foot Retail Shopping Center at Ponce de Leon and Lakeview avenues was highly desirable.


Midtown Place is anchored by The Home Depot Inc. and Whole Foods. A Borders Bookstore is located in Midtown Place at 650 Ponce De Leon Avenue. Staples and Baskin Robbins also have a Leased Unit in Midtown Place Retail Strip Center.
It does not appear that the Class A Retail Shopping Center has Lease opportunities available.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Net Lease Property or a Retail Shopping Center then CONTACT US HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.