Florida Retail Shopping Center Acquisition

Fort Lauderdale, Florida - We are in the Sunshine State this afternoon for Net Lease Properties news. A premier retail shopping center has been acquired. This Coral Landings III retail shopping center was acquired by Stiles, for $14 million. The net lease property is approximately 154,936 square-feet and located in Coral Springs, Florida. Coral Springs is a western suburb of Fort Lauderdale, in Broward County, Florida. Some reports have a new 18,300-square-foot ALDI Grocery Store coming soon. If you are purchasing triple net lease properties consider that ALDI is one of the nation’s fastest growing grocery retailers. ALDI Grocery has more than 1,000 stores across the United States. Stiles recently acquired this retail shopping center and should be completing Phase II for a later 2011 completion. The existing portion of this retail shopping center is anchored by Best Buy, Home Goods, and Joann Fabrics & Crafts.

The Fort Lauderdale-based Stiles Company acquired this net leased property with an ingenious fashion. Stiles purchased a commercial mortgage note and then foreclosed on the previous Commercial Property Owners. It appears Stile will seek construction financing from Commercial Mortgage Lenders and get to work. Stiles will use all of their in-house commercial real estate services for this project. Stiles will use their own Stiles Construction, Stiles Realty, and will be managed by Stiles Property Management.

This Retail Shopping Center in an unbelievable retail opportunity in the western Fort Lauderdale suburb. The location is prime with access near Sample Rd & US Hwy 441. This dynamic intersection in the Coral Springs submarket with Lowes, Wal-Mart Supercenter, Target, Publix, and Office Depot helps send retail foot traffic to this retail shopping center. Some other Retail anchor tenants on nearby commercial real estate are Penn Dutch, Toys “R” Us, Babies “R” Us and a Winn Dixie Grocery Store.

The first portion of this net leased property, Coral Landings III, was completed in 2008, while the second phase, is partially constructed. The second phase that should be receiving Construction Financing, is 38,944 square feet will have three new available outparcels.

Stiles is one of South Florida’s premier provider of commercial real estate services. Stiles has an award-winning Commercial Property Investment portfolio. This Commercial Property Investment portfolio contains high-quality office Buildings, industrial property, retail triple net lease properties and mixed-use properties. Stiles' Commercial Property Investment portfolio is situated throughout Florida and the southeastern United States.

Stiles has been an industry leader since 1951. Stiles’ long-standing commitment to high quality performance has earned the company a distinguished list of repeat clients and joint venture partners, including H. Wayne Huizenga, Tribune Company of Chicago and TIAA-CREF. Stiles is Headquartered in Fort Lauderdale, Florida, and has regional offices in Miami Beach, Tampa Bay, Fort Myers, and Orlando, Florida.

We have NNN Commercial Real Estate Buyers who like retail, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you need financing for NNN Commercial Real Estate or Sale-Leaseback financing, you can apply for Commercial Loans at Loanrise.com.



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1031 Exchange in Triple Net Lease Properties

Rochester, New York - This afternoon we delve into various Net Lease Properties. We have information on are MOB's (medical office buildings) and triple net lease properties for Distribution Centers. We wanted to report that Broadstone Net Lease, Inc. (BNL) purchased three "NNN" triple net lease properties in New York, Colorado and Missouri. The price paid for the combination of the three triple net lease properties is $36.1 Million. This compilation of properties are ripe for a 1031 Exchange.

The first triple net lease property acquired is the Unity at Ridgeway medical office building (MOB). The triple net leased property, Unity at Ridgeway medical complex recently opened in 2010. Some reports place this triple net leased property in Greece, New York and others give it a Rochester, New York address. The new triple net leased property is a 120,000 square-foot medical office complex and is the second largest in the area. The four-story, triple net lease property is the largest construction project to be completed in Greece, New York at the time of completion. This "NNN" Triple Net Lease Property has "Green" features also. As the push for "Green" commercial property continues, this triple net lease property is prepared. The triple net leased property features qualified the complex for LEED (Leading in Engineering and Environmental Design) certification with the United States Green Building Council.

This triple net lease property used as a “green” medical office building is located at 2655 Ridgeway Avenue. Owners of the triple net lease property use the address of Greece, New York, and it sits across the street from the Unity Hospital campus. Unity Hospital has master-leased the entire building for an "NNN" term of 20 years, with a majority of space subleased to Hospital affiliates. Some green features of the triple net lease property include a geothermal heat pump system for heating and cooling. A feature that was not so welcome from the Seinfeld TV Show is that this property has low-water flow (LOW FLOW) plumbing fixtures and instantaneous water heaters. This NNN Lease Investment also has a site plan that protects natural habitats; local, drought-resistant landscape plantings. A feature that makes this suitable for "Green" qualifications are the white roof “cool roof”, which will reflect solar heat. And there are bike racks and showers and changing facilities for Tenants of the triple net lease property.


The other two triple net lease properties acquired in this Investment Property portfolio are in Westminster, Colorado and St Louis, Missouri. Broadstone Net Lease Inc., bought a 20,473 square foot triple net lease property. This NNN Lease Investment is leased to Guardian Urgent Care Center. This NNN Commercial Real Estate is located in Westminster, with an initial net lease term of 15 years. Westminster is approximately 27 miles west of the Denver International Airport (DEN), located at 8500 Peña Blvd, Denver, with 80249 as the zip code.

The last triple net lease property to speak of today was a distribution center located in St. Louis, Missouri. Broadstone Net Lease Inc. bought this property and it is leased to Jeffco Trucking for an initial term of 20 years. This triple net leased property is 81,000 square-feet. Broadstone Net Lease, Inc. acquired 21 net-lease properties in 2010, for a total purchase price of $83.1 Million. There were no reports if the Seller of these triple net lease properties was in a 1031 Exchange as of yet.

Broadstone Net Lease, Inc. is a private Commercial Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, net-leased properties located throughout the United States. Broadstone Net Lease, Inc. now holds a diversified portfolio of medical office buildings (MOB), restaurant, net leased convenience stores, specialty office and distribution centers. Broadstone Net Lease, Inc. has an Investment Property Portfolio that includes 74 commercial properties located in 21 states in America. Broadstone Net Lease, Inc. is currently targeting net lease properties acquisitions in the $5 to $15 million range. The REIT (real estate investment trust) has most recently received certification as a Women's Business Enterprise by the Women's Business Enterprise National Council.

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

If you need financing for Commercial Real Estate or Sale-Leaseback financing, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.



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Retail Shopping Center with TJ Maxx Sold

Miami, Florida - Our Net Lease Properties news is from the growing and exciting area of Kendall. Kendall is a an unincorporated suburban Miami community in Miami-Dade County. A net leased property, known as London Square sold for approximately $95.23 million. The net leased property, London Square is an estimated 360,000-square-foot property. This net leased property is a mixed-use as it has a shopping center and a small office building. Woolbright Development Inc. sold the Investment Property to an institutional investment advisor RREEF. RREEF purchased the Miami-area property for an offshore client. Some reports are that the net leased property was purchased on behalf of Deutsche Bank's Asset Management division.

This prime leased retail shopping center and office complex was developed by Woolbright in 2008. This net leased property, London Square, has a unique mix of net leased Tenants. This net leased property is made up of 299,100 square-feet of commercial real estate in Kendall. The net leased Tenants include Ross Dress for Less, TJ Maxx and HomeGoods in anchor positions. This net lease property also has a 60,700 square-foot, three-story office building. This office building portion has a tenant roster with Miami Children’s Hospital.

This mixed-use net leased property sale is believed to be the largest transaction for an open air shopping center in Florida since the year of 2008. The retail shopping center portion also has net lease tenants, Party City, and Dollar Tree. The retail shopping center and office building investment property is situated at the intersection of SW 137th Avenue and SW 120th Street. The net lease property is ideally located in southwest Kendall. The net leased property acquisition was result of a $44.1 million commercial loan. The original commercial real estate project had Investment Property financing that was last amended in 2007, at the amount of $76 million.

The Office Building portion of the commercial real estate deal is also known as London Square Professional Center. A more detailed description of this is that it is a three (3) story Class "A" professional office building featuring a luxurious lobby and common area amenities. The entire Office Building third floor is dedicated to providing a professional business environment with suites ranging in size from 1,000 to 17,000 square feet for lease. This is a quality constructed leased Office building that would be perfect for a corporate headquarters. This Investment Property has amenities which include hurricane impact glass, state-of-the-art safety equipment, controlled access security, high-speed internet access and Class "A" standard office finishes. The London Square offers a variety of shopping, dining and banking options and has quickly become a widely used landmark for Kendall residents and visitors.

We have more net lease properties information on this property which starts with 2-3 million shoppers are expected to visit this retail shopping center on an annual basis. The TJ Maxx at this retail shopping center had their strongest opening in the state of Florida. Also, approximately 70,000 cars drive by this retail shopping center on a daily basis. The retail shopping center was approximately 90% occupied at closing. This net lease property occupancy rate is a score that is in line with the current retail market statistics in the Miami area. The Miami - Dade County retail shopping centers have the average vacancy rate at 10.7%.

This retail shopping center has a Starbuck's to get your hardcore coffee. Also this retail shopping center has Sergio’s Restaurant. Sergio's is a full-scale family restaurants for Cuban food and comfort food in South Florida. This net lease property is shadow-anchored by a Costco store that was not part of the deal. The separate portion with the Costco net leased property is a 150,500 square-foot freestanding building.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

Contact Us for:
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Net Lease Investments with Krispy Kreme Tenant

Winston-Salem, North Carolina - Our Net Lease Properties information come from the southeast, North Carolina and Georgia. Both areas are fine sources for triple net lease properties for a 1031 Exchange replacement property. The net lease property in Norcross, Georgia renewed a net lease with Krispy Kreme. The "Hot Now" bright red light will remain on for this net lease property. Krispy Kreme Doughnut Corporation has renewed 32,000 square feet for 10 years in a net lease. This net leased property is located at 4320 International Blvd., in Norcross. Norcross is about 29 miles north-east of the Hartsfield-Jackson Atlanta International Airport (ATL), which is located at North Terminal Pkwy, Atlanta, Georgia.

A few years back, Krispy Kreme Doughnut Corp. (Winston-Salem, North Carolina) was little known outside the Southeast. However in 1996, the company began a growth trend that would lead to an international presence. As new Krispy Kreme franchises sprang up, however, the company's distribution system was not up to par for this expansion. Some innovations at this Norcross net leased property were completed to help the Distribution Solution increases order fulfillment accuracy. We were told that Krispy Kreme conducted an investment property search for alternatives. However this Norcross net leased property owner offered concessions allowing the Krispy Kreme to make improvements on the net leased property.

A few months back we were informed that a net lease property in Winston-Salem signed Krispy Kreme to a long term lease. Krispy Kreme use this net lease property as its headquarters. This net lease property is located at 370 Knollwood Street in Winston-Salem, North Carolina. This net lease property owner is Highwoods Properties. This net leased property is a six-story, 86,335-square-foot office building. The net lease property is situated in South Forsyth County, near Miller Park. The donut maker, Krispy Kreme leases approximately 59,000 square feet.

The net lease property owner is impressed with the management team at 370 Knollwood. The net lease property owner, Highwoods Properties, Inc. is a commercial real estate investment trust (REIT). Highwoods Properties (REIT) has interests in office properties, industrial property, retail triple net lease properties. Highwoods Properties (REIT) also owns and manages service center properties, and development projects and apartment building complexes. It also provides customer-related and fee-based real estate management services for their NNN Commercial Real Estate and for third-party clients.

As of last year, Highwoods had interests in 377 in-service office, industrial holdings and retail properties, with 35.5 million square feet of gross leaseable space. In addition, Highwoods Properties (REIT) also owned 581 acres of developable land. The commercial real estate in their Investment Property portfolio can be examples for a 1031 Exchange Replacement Property.

For net lease tenant information, Krispy Kreme is a unique company and brand that has become increasingly more recognizable around the world. Kripy Kreme has been in business for over 70 years. They are increasing its international presence and adding another 40 stores in the United Kingdom and Ireland over the next few years. Krispy Kreme offers premium-quality doughnuts and great-tasting coffee across 560 locations around the world.

Here are some net lease properties that may be available:

Aaron Rents Net Lease Properties
Bimbo Bakery Distribution Centers
FedEx Freight Distribution Centers
Flowers Foods Net Lease Properties
Best Buy Net Lease Properties
Big 5 Sporting Goods Net Lease Properties
Burger King Net Lease Properties
CVS Pharmacy Net Lease Properties
Dollar General Net Lease Properties
Haverty's Net Lease Properties
Ingle's Net Lease Properties
Jack in the Box Net Lease Properties
PetSmart Inc. Net Lease Properties
Tractor Supply Co. Net Lease Properties
U.S. Bank Net Lease Properties

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

If you need financing for Commercial Real Estate or Investment Property financing, you can apply for Commercial Loans at Loanrise.com.

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Iconic Retail Shopping Center Sold in Memphis

Memphis, Tennessee - The economic downturn has slowed construction of triple net lease properties and Retail Shopping Centers. So when a landmark Retail Shopping Center comes available, NNN Commercial Real estate investors jump. NNN Investment Buyers normally like a NNN property with a strong national tenant. Many experienced NNN buyers would rather have a nice, safe, strong property in a good location and get a smaller return. Compared with the alternative of a property with a higher return and higher risk in a less than desirable location. Reasons like that is why the Eastgate Shopping Center sold. This Retail Shopping Center sold for $31.5 million. The net leased property selling price equates to approximately $71 per square foot for the trophy net lease investment.

This Retail Shopping Center, Eastgate Shopping Center, is approximately 445,907-square feet, on Park Avenue, in Memphis. The net leased property buyer was Eastgate Center LLC, believed to be based in Dallas, Texas. They will enjoy this net lease investment that serves retail foot traffic in the Bartlett, Germantown, Lakeland and Collierville areas. Eastgate Shopping Center has parcels that are listed as 5112, 5040, 5010, 5118 and 5138 Park Ave., 827 White Station Road and 5125 Truse Parkway. We are unaware of any Investment Property financing that was conducted for this transaction.

This net leased property was sold by Union Realty Co., a Belz entity. This Retail Shopping Center has great Tenants as anchors. These anchor Tenants leasing space include Fresh Markets, Bed, Bath & Beyond, Stein Mart, TJ Maxx and Burlington Coat Factory and Walgreen’s. Eastgate also has over 65,000 square feet of office space which is currently being leased and managed by CB Richard Ellis Memphis. Eastgate Shopping Center is the eighth largest retail shopping center in Memphis. This net leased property was developed by Belz in 1964 and had its offices there into the 1980's. Belz Enterprises has an extensive Investment Property Portfolio that contains 20% office buildings, 50% industrial properties and 30% are retail triple net lease properties.

The net leased property is in a dominant market with a great location and national credit tenants. So this explains why even without a high cap rate, NNN Commercial Real Estate investors were interested. Another selling point for the Eastgate Shopping Center is the occupancy rate hovers around 95% with not a high turnover rate for the Tenants. That is a plus for all triple net lease properties and retail shopping centers. This Retail Shopping Center is a mainstay of East Memphis for more than 45 years. This location of the Poplar Avenue corridor is a high traffic area for retail foot traffic. As of 2009, about 79,300 people lived in the center’s three-mile radius, with an average household income of $93,000.

Some other Tenants for triple net lease properties are 7-Eleven, Verizon, McDonald's, Burger King, and Walgreen's. We have NNN Commercial Real Estate Buyers who like retail, and possible 1031 Exchange property solutions. Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you need financing for NNN Commercial Real Estate or Sale-Leaseback financing, you can apply for Commercial Loans at Loanrise.com.


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Is Commercial Real Estate Recovering?

Tampa Bay, Florida - Today we have Net Lease Properties information on the attempt at a commercial real estate market recovery and sale-leasebacks. NNN Commercial Real Estate can be a great way to balance your portfolio. We see some excellent transactions on triple net lease properties and apartment building complexes. Also any commercial real estate seller should attempt a 1031 Exchange if possible. The Video above states some Commercial Real Estate Analysts are feeling more comfortable with NNN commercial real estate seeing a comeback.

We would like to recommend an area of NNN commercial real estate that should be looked into, and that is is the the sale-leasebacks sector. Sale-leasebacks are a commercial real estate transaction in which one company sells a commercial property to a buyer and the buyer immediately leases that commercial property back to the seller. We see many companies who need to have cash available rather than hold commercial real estate investments. The Sale-leaseback allows the initial buyer to make full use of the commercial property while not having their capital tied up in the triple net lease property investment.

An example of the Sale-leaseback can be seen with Deutsche Bank. Deutsche Bank AG, which is currently Germany’s largest bank, may sell its Frankfurt commercial real estate property, as investor demand for office space increases in the country’s financial districts. Deutsche Bank AG, is thinking about if their certain commercial real estate property should be kept in proprietary possession or should be used with a sale-and-lease-back

Deutsche Bank bought the commercial real estate which is two 36-story glass towers, known as Soll und Haben, which equates to the meaning of Debit and Credit. Deutsche Bank spent three years renovating the Office buildings to make them more environmentally friendly and they have started the process of moving 2,800 people back into the Commercial Office Building. Deutsche Bank may sell the Frankfurt commercial property for 500 million euros, as the Financial Times Deutschland reported recently.

Triple net lease properties can be the result of a commercial real estate sale-leaseback transaction. A retailer like Walgreen's, CVS, Home Depot, hhgregg, Burger King or McDonald's who built and occupies its own commercial property may want the cash to be on hand. So the Company sells the Net Lease Property to an investor. This becomes a lucrative deal for both sides as the company gets cash up front and investors get a predictable income flow from the NNN Commercial Real Estate.

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

If you need financing for Commercial Real Estate or Sale-Leaseback financing, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.


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Net Lease Investment with Kohl's Tenant

Tallahassee, Florida - Our New Year's day information on Net Lease Properties starts with Kohl's. Kohl's is a viable national credit tenant retailer for your triple net lease properties. We see that Agree Realty Corporation is back in action buying net lease properties. Agree Realty Corporation bought another net lease property, with Kohl's as Tenant. Agree Realty Corporation paid $2.2 Million for the net leased property. This net lease investment is located at 2010 Apalachee Parkway in the Florida State Capital, Tallahassee, with the 32301 zip code. We had searched for "quick-service" (fast food) restaurants in triple net lease properties for the area. Occasionally, a nice one becomes available in this area. Also, a Kohl's in a NNN Commercial Real Estate Investment can be a solution for a 1031 Exchange Property.

Agree Realty Corporation is involved in the ownership, management and development of Commercial Real Estate and triple net lease properties. Their strategy is on point as the majority of their Investment Property Portfolio are Net Lease Properties. These Net Lease Investments are made up of single tenant properties leased to major retail tenants and neighborhood community retail shopping centers. Agree Realty owns and operates an Investment Property Portfolio of over 75 commercial properties. This Commercial Real Estate is located in 16 states and contains over 3.5 million square feet of leasable space.

Agree Realty Corporation was fortunate to add this net lease property, with a national credit tenant retailer to their Investment Property Portfolio. The directions for this net leased property are that it is situated at the intersection of Apalachee Parkway and Blair Stone Road. This net leased property has appropriately 17 years remaining on the net lease. This net lease property is near many Tenants such as hhgregg, Radio Shack, Wendy's, and Capital City Bank.

Kohl's Tenant for triple net lease properties started from humble beginnings as a single store chain in 1962. The triple net lease Tenant, Kohl’s, has worked hard to become one of the nation’s largest retailers. The triple net lease Tenant, Kohl’s is based in Menomonee Falls, Wisconsin. Kohl's is a family-focused, value-oriented specialty department store offering quality exclusive and national brand merchandise to their customers in a friendly, clean and exciting environment. The triple net lease Tenant, Kohl’s, currently operates stores and distribution centers in more than 40 states. They continue to build new stores, which could be looked into for a sale-leaseback opportunity.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

Also, for your financing needs for 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.


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