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.

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.

NNN Commercial Real Estate reports Hedrick Brothers renovates Braman BMW

WEST PALM BEACH, Florida - Net Lease Properties news today is on Braman BMW. Hedrick Brothers Construction has just completed the 45,000 square foot renovation and addition to Braman Motorcars, of West Palm Beach. Renovation was done on the BMW showroom, including offices and the service garage with a new state-of-the-art air conditioning system. Also included in this renovation was an addition of the pre-owned and covered service areas. The parts department was increased in size and renovated.
Hedrick Brothers Construction is celebrating its 30th anniversary this year.

Headquartered in West Palm Beach, Florida, Hedrick Brothers Construction provides the highest level of craftsmanship and professional management for general contracting, construction management and pre-construction services. "NNN Commercial Real Estate" would like to note that Braman has excellent customer service. They are not some snobby high-end car dealer.
The BMW showroom is just east of the busy signalized intersection of Palm Beach Lakes Boulevard and Okeechobee Boulevard. One of the nearest net lease properties is a Walgreens. This net leased property is at 2200 Palm Beach Lakes Blvd, in West Palm Beach.

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.

Blue Cross Blue Shield Renews 104,000 SF in Florida

Miami Beach, Florida - Our Net Lease Properties news today is on a new lease being signed in a Miami Beach suburb. Blue Cross Blue Shield of Florida has renewed its lease. Their lease is in the net lease property which gives them 103,476-square-feet. The Investment Property lease is at Westside Plaza I in Doral, Florida, and leased through 2014. Flagler Real Estate Services L.L.C., the brokerage arm of Flagler Development Group represented the landlord, Prudential Insurance Co. of America.

This new leasing signing represents one of the largest office lease transactions completed in 2009. The Investment Property has a total of 363,328-square-foot at Westside Plaza I. The net lease investment is situated on 22 acres of valuable land in Miami - Dade County. The net lease property has a location at 8400 NW 33rd Street. The net lease property is within close proximity to Miami International Airport and Port of Miami Seaport. The Company, Flagler has been managing the marketing and leasing of the building since 1996. The net lease property was originally constructed in 1996.

"NNN Commercial Real Estate Benefits"

Doral is west of Miami International Airport, and many consider it an upscale suburb of Miami. The City of Doral takes its name from the famous golf and spa resort located within its municipal boundaries. The Doral Golf Resort & Spa was originally built by Doris and Alfred Kaskel, who coined "Doral" by combining their names. The City of Doral was incorporated along with Miami Gardens in 2003. As recently as the 2000 census, the population was 20,438. However according to the 2009 U.S. Census estimates, the city had a population of 46,000. This growth is perfect for Triple Net Lease Properties investors. This new population makes it one of the fastest growing cities in Miami-Dade County.For a city of its size, Doral has a large number of shops, financial institutions and businesses, especially importers and exporters. Also another plus for the retail traffic to keep Triple Net Lease Properties thriving.

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