Triple Net Lease Property Sold for $3.1 Mil

Westminster, Colorado - Net Lease Properties News for the day comes from Colorado. The Triple Net Investment that sold was Orchard Town Center, located in in Westminster. The Net Lease Investment is a 5,811-square-foot retail building and sold for $3.08 million.

This Commercial Real Estate property was built in 2008, and is 100% occupied. One by Starbucks Drive-Thru through the first quarter of 2018, Qwest through the fourth quarter of 2018 and T-Mobile through the fourth quarter of 2012. The multi-tenant, retail building has a triple-net lease with Starbucks Drive-Thru through the first quarter of 2018. Another triple net lease with Qwest through the fourth quarter of 2018. The 3rd net lease is with T-Mobile through the fourth quarter of 2012.

A Net Lease Property that is 100% occupied to strong, national credit tenants on long term leases, is an attractive investment in commercial real estate.
This triple net leased property was part of a 1031 exchange. We believe we will see many more 1031 tax free exchange deals in the next 2 years.

This Net Leased Property is located at the interchange of 144th Avenue and I-25.
This path is one of Colorado' s most traveled freeways and the major north-south thoroughfare between New Mexico and Wyoming. The net leased, multi-tenant, retail building is located at one of the busiest intersections in the Metro Denver areas. Westminster is one Colorado's fastest growing communities.

Net Lease Properties & Financing

If Multi-tenant, Retail buildings, Net Lease Properties or Apartment Buildings or a Distribution Center 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, McDonald's, Walgreens, Starbucks, Publix or other Net Lease property.

NNN Distribution Center Sold For $26.1 Mil

Coatesville, Pennsylvania - This mornings news from Net Lease Properties is on a distribution center. An entity named KS Coatesville PA sold a net lease property for $26.1 million. The Buyer was known to be a Private Investor.
The 150,000-square-foot triple net leased property is located at 201 Waverly Boulevard in Coatesville, Pennsylvania. The distribution center is approximately 45 miles West of Philadelphia.

The net lease property is 100% occupied by Keystone Foods. Keystone Foods is a global manufacturer and supplier of protein products and a custom food-service distributor. More Information on the net leased property is that it is on 20.4 acres, includes 30-foot clearance, and 35 docks. The Building also has office space, dry storage, freezer storage, cooler, cold docks and maintenance facilities.

At one point in time this Net Lease Property was being marketed as a 8.04% Cap rate.
This property, which has expansion capabilities, distributes products to more than 400 McDonald's locations throughout Pennsylvania, New Jersey and Delaware.
Coatesville represents an attractive point of distribution due to its proximity to I-76 (Pennsylvania Turnpike) and Route 30.

Net Lease Properties & Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings or a Distribution Center 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, McDonald's, Walgreens, Target, Publix or other Net Lease 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.

Naples Shopping Center News On Leased Property

Naples, Florida - Net Lease Properties revisits an article we did earlier in the year on Commercial Real Estate in Naples, seen here.

News today is that four new retailers, representing more than 8300 square feet of space, have signed leases at Marquesa Plaza. The Naples Shopping Center is a 115,000 square foot neighborhood retail center located at the intersection of Livingston Road and Pine Ridge Road.

The new retailers leasing space are Excel Physical Therapy, Perfect Dry Cleaning, Allstate Insurance and Zoom Tan.
Investment Properties Corp., the exclusive marketing and leasing representative for Marquesa Plaza, handled negotiations on behalf of the landlord in these net leased transactions.

Marquesa Plaza was constructed in 2007, and now the shopping center is 58% leased.
After noticing an increase in new retail activity in the Naples Shopping Center, the Landlords expect more action for Net Leased transactions.

Currently the Naples Shopping Center has 24 tenants including Starbucks Coffee, First American Bank, Anytime Fitness, First Watch Restaurant, Carvel Ice Cream, Sunshine Pharmacy and Five Guys Burgers and Fries.

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.

Trader Joe's Anchored Shopping Center Sells for $16M

Pasadena, California - Net Lease Properties has news for the day on a California Shopping Center that recently sold. This neighborhood shopping center, in La Cañada, California, sold for $16,000,000.
Information on this Commercial Real Estate is that it is a 42,093 square-foot shopping center, known as Foothill Promenade.
The Leased Property is located at 475 Foothill Boulevard in La Cañada. It is about 5 miles North West of Pasadena, which is a superb area.
Located at the signalized intersection of Foothill Boulevard and Gould Avenue, the property is situated on a 2.75 acre parcel of land. Some of the Tenants leasing at this location are Trader Joe's, Union Bank, Petco, Aaron Brothers, and Starbucks. The property was built in 1995 and was 100 percent leased at the time of this sale.

The buyer was found to be a partnership of private investors. They are seeking to acquire additional high quality shopping centers in Southern California, preferably on an all cash basis. The Foothill Promenade is the second major shopping center purchased by these individuals in the last ten months. They also own the Tustin Courtyard Shopping Center in beautiful Orange County.

There are a lot of people who had perhaps previously invested in the stock market or other investment opportunities and feel more comfortable getting into the Net Lease Properties market now.

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.

Net Lease Properties News from NY to Seattle

New York, NY - Net Lease Properties has 2 reports for today. We start with a REIT from New York. CapLease, Inc. is a real estate investment trust (REIT). The trust invests primarily in single tenant commercial real estate assets net leased primarily to investment grade corporate tenants, and government tenants.
CapLease has been upgraded to Market Perform from Underperform at Wells Fargo. The stock closed recently at $4.98 on volume of 127,500 shares, below the average daily volume of 215,465.
A key to their success is that CapLease is an active purchaser of properties leased long term to high credit quality tenants.

Our next bit of Commercial Real Estate news comes from the Pacific Northwest again.
Target Corp. has just acquired office and retail space in downtown Seattle. Target is said to have plans to open a store there, possibly within a year.
Target paid Seattle's HAL Real Estate Investments $15.5 million for the 103,442 square-foot Pike Plaza commercial property and parking garage. This Commercial Real Estate is on the west side of Second Avenue, between Pike and Union streets, at the base of the Newmark Condominiums.
This commercial space known as Pike Plaza encompasses three stories. The property is close to the Seattle Art Museum, Pike Place Market and the University Street light rail station.

Net Lease Properties & Financing

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 Net Lease property.