Net-Lease Property with Walgreen's Sold

Minneapolis (Burnsville), Minnesota - Today, Net Lease Properties has information from a Minneapolis area town, called Burnsville. A newly constructed Triple Net Lease Property sold, with Walgreen's as the Tenant. Walgreens occupies a 14,490-square foot freestanding building. The Net-Leased Property operates under a Walgreen's corporate backed, 25 year "NNN" Triple Net Lease with fifty, one-year options.
This net-lease investment sold for nearly $9 million. A Canadian Commercial Real Estate investment firm purchased the net lease investment. These Absolute NNN Lease "Triple Net-Lease Properties" allow some peace of mind with commercial real estate investing, considering you have No Landlord Responsibilities.

The Net-leased Walgreens is located between Interstate 35W and Burnhaven Drive along County Road 42 West. It is on an outparcel to a Target anchored center. The net-lease site benefits from being situated across from Burnsville Center, which is a one million plus square foot regional mall with over 150 retailers. Other Notable retail tenants in the area include, Target, Home Depot, Kmart, JCPenney, Macy's, Sears, Dick's Sporting Goods and plenty more. This area of Minnesota has a trade area population of over 817,000 residents.

Net Lease Property & Commercial Mortgage Loans

Feel free to Contact us HERE to purchase various net lease investments. Also Contact us HERE to sell your existing Net Lease Properties portfolio. We have relationships with plenty of commercial real estate investors interested in purchasing net lease investments. We provide tremendous marketing and exposure for your net lease properties, resulting in the highest pricing and quicker closings.

If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, Loanrise.com can assist you with CTL Financing, GSA Financing or Commercial Loans.

Net Leased CVS Property Sold

Lake in the Hills, Illinois - Net Lease Properties news today is on the acquisition of a property that is net leased to CVS. Agree Realty Corporation has purchased a retail property that is net leased to CVS/Caremark Corporation.
This net lease property is located at the intersection of West Algonquin Road and Lakewood Road in Lake in the Hills, Illinois. Lake in the Hills (often abbreviated L.I.T.H. or LITH) is a village in McHenry County, Illinois. There are many different townships for this area of Illinois if you are searching for commercial real estate property information.

The cost of this Commercial Real Estate acquisition was approximately $5,800,000. CVS has approximately 24 years remaining on the base term of the lease. The square footage of the property is approximately 12,900. County records indicate this net lease property was originally a sale-leaseback which is common amongst many net lease properties with credit tenants.

The new owners are purchasing primarily single tenant properties, leased to major retail tenants and neighborhood community shopping centers.

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 Properties Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or a property net leased to McDonald's, Dollar General, Burger King or Taco Bell.

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.

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.

Capital Gains Tax Set to Rise

North Palm Beach, Florida - Net Lease Properties would like to delve into the subject of the prosperous Bush Tax cuts. With the Bush tax cuts set to expire on December 31, 2010, capital gains taxes will revert to 20 percent from their 70-plus-year low of 15 percent. In addition, barring legislative intervention, the tax rate on dividends will jump from 15.0 percent to 39.6 percent for top earners. When substantial tax code changes took effect in 1986, including a capital gains rate increase from 20 percent to 28 percent, investor liquidations nearly doubled the total realized capital gains from the previous year. Despite the decline in investment values over the last two years, many investors will likely follow this liquidation strategy, locking in their profits rather than waiting for investments to appreciate sufficiently to offset the 5 percent tax hike.
Feel free to contact us, HERE if you are ready to sell your Triple Net Lease Properties and Commercial Real Estate.

If the current administration allows these provisions to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011. There has been some talk about reinstating the death tax sooner. Also as a result, many investors often choose to hold assets in the year following a rate hike.

We predict that with the increase in capital gains taxes, Commercial Real Estate Investors’ ability to defer capital gains indefinitely through 1031 exchanges will become even more attractive.

Here is some food for thought, since 2002, the year before the capital gains tax rate was reduced to a 70-plus-year low, the number of 1031 exchange deals has fallen by nearly half.
With the upcoming capital gains taxes rise, the share of deals involving 1031 exchanges will increase substantially, as sellers will be further discouraged from taking profits from the investment real estate sector.

Commercial Loans Are Still Available

We can also assist you with your Commercial Real Estate Mortgage and Commercial Loans to purchase a CVS, Walgreens, Wendys, Target, Publix or other property.
We are committed to providing exceptional services in regards to all commercial property types and Commercial Loans.

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.

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.

Search For Net Lease Properties & Commercial 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 Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Net Leased Kohl's-Occupied Building Purchased

Elk Grove, California - Net Lease Properties news for the day is that Inland Real Estate Acquisitions, Inc. has purchased a Freestanding Kohl's-Occupied Retail Building in Elk Grove, California. This Net Lease Property was acquired for $21.5 Million. The Commercial Real Estate Property was acquired on behalf of Inland Diversified Real Estate Trust, Inc.

This Net Lease Property is freestanding retail building in Elk Grove that is 89,887-square-feet. The Net Lease Property is occupied by Kohl's Department Stores, Inc., a subsidiary of Kohl's Corporation ("Kohl's"). Kohl's is on a net lease that extends through 2028, with multiple renewal options.

Kohl's is a strong and growing retailer, and a very desirable tenant that has been expanding rapidly in California. Kohl's have opened more than 30 stores and a distribution center in California in the last year. Elk Grove, is an affluent community just south of Sacramento, proved a very desirable location for Kohl's.

The retail building serves as an anchor to Calvine Pointe, a proposed 240,000-square-foot retail project currently in development. The project's developer has announced plans for the construction of multiple retail parcels, including a Fresh & Easy Neighborhood Market.

Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc. Inland has been ranked collectively the as second fastest-growing acquirer of retail property in the United States and one of the largest shopping center owners in North America.

Search For Net Lease Properties & Commercial 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 Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Net Lease Property Refinanced in Redondo Beach

Los Angeles, California - Net Lease Properties has news today that HFF secures $8.6 million refinancing for Kohl’s in Redondo Beach, California.
The Los Angeles office of HFF mentioned that it has secured post-closing acquisition financing of $8.6 million for an 82,957-square-foot Kohl’s at the South Bay Galleria in Redondo Beach, California.

The Commercial Real Estate Loan has terms with a five-year, fixed-rate loan with Nationwide Life Insurance Company. The client purchased the property in July 2009 for $17.25 million.
This Commercial Real Estate is a two-story property. This property is located at 1799 Hawthorne Boulevard and is part of the 950,000-square-foot South Bay Galleria regional mall in Redondo Beach.
This Shopping Center is located in the middle of the South Bay, the property is close to the 405 Freeway and affluent beach cities. Kohl’s Net Leases the entire property through January 2028.

Search For Net Lease Properties & Commercial 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 Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Refinancing Mall Operator Taubman For $82.5M Non Recourse Loan

Clinton Township, Michigan - Net Lease Properties is reporting that Taubman Centers, Inc. has announced an $82.5 million refinancing of The Mall at Partridge Creek. This shopping center is located in beautiful Clinton Township, Michigan. Previously the property was secured by a $73.8 million construction loan, which has now been repaid.

The new Non Recourse Commercial Mortgage Loan was originated by Goldman Sachs. It has a 10-year maturity, amortizing principal based on 30 years and bears an all-in interest rate of 6.25 percent.

The Mall at Partridge Creek opened in October 2007 and is located in Clinton Township. Clinton Township is a great, northeastern suburb of Detroit. The open-air center, anchored by Nordstrom, Parisian and MJR/Partridge Creek Digital Cinema 14, is home to nearly 90 distinctive stores and restaurants. Its many amenities include a nightly concert series from Memorial Day through Labor Day, a dog-friendly environment, bocce ball courts, free WiFi, pop jet fountains, a TV court, snow-melt-sidewalks and a 30-foot fireplace. Throughout 2009 and to date, the 600,000 square foot center has consistently been one of the fastest growing properties in Taubman's portfolio as measured by sales per square foot.

Search For Net Lease Properties

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 Lease Properties Calculator

Tutorial video showing how to use the features of the advanced Triple Net Lease Properties calculator. The calculator can be found at http://www.morecalculators.com .

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.

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.

Westshore Area Office Building sale

Tampa Bay, Florida - Triple Net Lease Properties reports Eola Capital, an Orlando-based real estate investment company, has acquired a 130,000 square foot office building at 500 N. Westshore Blvd. in Tampa Bay. The 10-story, Class A office building will increase Eola Capital’s holdings in Tampa to more than 1.6 million-square-foot.
“Westshore 500 is 90% leased and its diverse rent roll is comprised of smaller companies providing a stable rent stream for our investors. The property is a significant addition to our Tampa portfolio and compliments our existing holdings well,” added Kyle Burd, regional vice president of Eola Capital.
The office building, adjacent to the Westshore Plaza, was built in 1984. Eola Capital plans to invest in substantial capital improvements to the property.
We, at Net Lease Properties are very active in the Tampa Bay Market.


There are plenty of benefits of Net Lease Investments in using a 1031 tax exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 exchange. Net Lease Properties are generally secured by leases with a remaining term of 10 to 25 years, minimizing the concern of tenant turnover.

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.