Arizona Triple Net Lease Properties

Tucson, Arizona - We travel to Tuscon for Net Lease Properties information this afternoon. We want to report that Cole Credit Property Trust acquired a "NNN" triple net leased property with Walgreen's as Tenant. This triple net lease property is a freestanding absolute "NNN" single-tenant. This great triple net leased property with Walgreen’s is located in Tuscon, Arizona. The NNN Lease Investment is situated 1145 South Harrison Road, with the 85748 zip code. The Lot Size for this triple net leased property is 1.74 Acres.

The (NNN) triple net leased property seller was the Barclay Group. We were not informed if this was a 1031 Exchange. The (NNN) triple lease property seller received $5.09 million, or approximately $357 per square-foot. This triple net lease property has excellent visibility with ingress and egress easily achieved. The area of this triple net lease property has approximately 175,000 people with an average household income of $70,750 within a 10-mile radius. This NNN Lease Investment is a new Class A quality construction building. NNN Commercial Real Estate Investors enjoy investing in a fast growing, high traffic retail area.

The NNN Commercial Real Estate investors purchased this property with a new Walgreen’s corporate, (NNN) triple net lease. One of the reasons that we like Walgreen's (NYSE: WAG) as a Tenant is that they are rated A+ by Standard & Poor's. This triple net lease property comes with a 25-year primary term. The Percentage rent is 2% of gross sales except food if any, and drugs, if any plus 0.5 of gross sales on food and prescription drugs.

This NNN Lease Investment is an out-parcel to Target Greatland, and is also surrounded by dense residential development. This triple net lease property has a strong mix of national retail properties nearby. Some of the net leased properties nearby are Pier One, Fry' s, Ross, Bed Bath & Beyond, Office Max, Petco, Dress Barn, Subway and Starbucks for your coffee needs. Our NNN Commercial Real Estate Investors are wanting to purchase these types of net leased properties. This triple net lease property benefits from a Corner location. The average traffic counts of 35,639 cars per day (VPD) help fuel this NNN Lease Investment. The NNN Lease Investment is 14,490-square-foot for Walgreen’s to use 100% for their retail needs.

Cole Credit Property Trust III, Inc. (Cole REIT III) is a public, non-traded Real Estate Investment Trust (REIT). Cole Credit Property Trust performs investments in income-producing retail commercial real estate. Cole Credit Property Trust seeks to primarily invest in net lease properties with creditworthy tenants. Cole Credit Property Trust has a strategy to invest in NNN Commercial Real Estate under long-term, net leases. Cole REIT III seeks to provide investors with access to the highest quality retail commercial real estate properties, providing current income, reduced portfolio volatility and potential for capital appreciation.

We have NNN Commercial Real Estate Buyers who want retail properties, 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.



Bookmark & Share

NNN Lease Investment Sold with Kragen Tenant

Oakland, California - Our Net Lease Properties news today comes from the Bay Area, of California. We have many NNN Lease Investment Buyers looking for quality restaurant fast food properties for their Investment needs. However, AutoZone and other Auto Supply net leased properties have come of age. A NNN transaction from Oakland involved Equitas Investments, out of Hermosa Beach, California. Equitas Investments purchased a single-tenant (STNL), net-leased property with a great location. This triple net leased property might have been a hard sale for most NNN commercial real investors. As this triple net leased property had approximately two years left on the net-lease. As many NNN commercial real estate investors want long terms net leases, Equitas Investments jumped on this NNN deal.

The seller of this NNN Lease Investment was a charitable trust. This Kragen Auto Parts in Oakland, was marketed for approximately $1.8 Million. The triple net leased property was originally acquired from the commercial real estate developer in 1997. The NNN lease Investment is a 8,000 square foot retail property with a lot size of 32,000 square feet. The short term net lease presented Equitas Investments the opportunity to buy the NNN property at fair price. As we mentioned above the NNN Lease Investment was marketed at $1.8 Million but the closing price was not mentioned. Also, there was not information as to if the Seller of this triple net lease property was involved in a 1031 exchange.

This "NNN" triple net lease property is a freestanding building that is currently net-leased to CSK Auto Inc. for a Kragen Auto Parts store. Kragen O'Reilly Auto in net lease terms also talked that they would be receptive of renewing the net lease. This is an absolute NNN lease whereas the Tenant pays all taxes, insurance,and maintenance of interior and exterior. The Triple Net Leased Tenant is also responsible for the parking lot. Tenant has expressed interest for a new lease now. O'Reilly Automotive, Inc. announced planned purchase of Kragen/CSK Auto, Inc. on April 1, in 2008. O'Reilly Automotive, Inc. has the Nasdaq Symbol: ORLY.

Many Commercial Mortgage Lenders do not like to lend on NNN commercial real estate with very short lease terms remaining. This is why NNN commercial real estate buyers need to be able to pay all cash, or have their Investment Property financing previously arranged. The benefits of this Triple Net Leased Property is that it is at the signalized intersection of two of the most highly trafficked thoroughfares in Oakland. This triple net lease property is only a short distance from Oracle Arena & McAfee Coliseum, which are home to the Oakland A's and NFL Raiders.

Equitas Value Company is an affiliate of Equitas Investments, LLC and were established on the same core values of integrity, honesty, and trust. Equitas Investments and Equitas Value (referred to as “Equitas”) are both exclusively focused on small to mid size retail commercial real estate. They believe that an asset class is ready to compete favorably against other asset types. This strategy is over the long-term pursuit of risk adverse, generational core real estate with stable cash flow growth opportunities, and value add assets with significant profit potential through repositioning, releasing and redevelopment.

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


Bookmark & Share

Sale of Triple Net Lease Properties in Florida

Miami Beach, Florida - Many of our Net Lease Properties investors are pursuing properties, in sale-leaseback transactions and for 1031 Exchange replacement property. A privately held commercial real estate investment firm helped procure the sale of a retail net lease properties portfolio. This single tenant net lease (STNL) retail portfolio is currently leased to Office Depot. The commercial real estate investment firm represented the net lease properties seller and the buyer.

When it comes to franchisee tenants, investors today are focused on understanding the operators financials. These triple net lease properties have an excellent Tenant, as this Portfolio has Office Depot. This Investment Property portfolio contains 2 net-leased sites, both are located in Florida. The Net Lease Properties portfolio sold for a combined price of $6.6 Million. These two triple net lease properties are leased on an absolute "NNN" triple net basis. The initial net-lease term was 20 years on an absolute "NNN" triple net lease basis with approximately 8 years remaining.

The one net lease investment consists of an approximately 29,957 square-foot, single story retail building. The net lease investment was completed in 1998. The triple net lease property is on the northwest corner of W. Granada Blvd. And Orchard Street, in Ormond Beach. The address of 405 W Granada Street, Ormond Beach, Florida, 32174, is a great location for a NNN Lease Investments. This net lease investment location also is a signalized intersection. This area has a wide variety of net lease Tenants including Arby's, Taco Bell and Wachovia Bank. Other net-lease tenants in the immediate area of Ormond Beach are Winn Dixie Supermarket, Subway, Golds Gym, Ace Hardware, Michelin Tire Store, Domino' s and many other regional and local tenants. Also a nice NNN Lease Investment tenant nearby is Wendy's. This location benefits from approximately 32,000 Cars Per Day (VPD) Traffic Count.

The seller of the triple net lease properties portfolio is a private investor who is based out of California. This triple net leased property portfolio was sold to an investor in a 1031 tax deferred exchange. The 1031 Exchange Investor is also based out of the State of California. The buyer was able to assume existing Investment Property financing at a favorable interest rate. This NNN Commercial Real Estate transaction gave an excellent cash on cash return to the 1031 Exchange Buyer.

We saw the extension of unemployment benefits and the Bush tax cuts have helped somewhat. Although some NNN Commercial Real Estate analysts would like to see the Bush Tax cuts remain past the 2 year extension. This has also helped release capital that was previously sitting on the sidelines, to invest in triple net lease properties.

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:
Triple Net Lease Properties
Investment Property For Sale
Net Leased Properties
1031 Exchange Property Solutions
NNN Lease Investments
NNN Commercial Real Estate


Bookmark & Share

Commercial Real Estate Investors Buy Retail Shopping Centers

Daytona Beach, Florida - Net Lease Properties information this afternoon is on Florida Retail Shopping Centers being purchased. Cole Real Estate Investments (Cole) has purchased two Florida retail shopping centers in separate commercial real estate deals. The purchase price for these net lease properties is broken down as $31 million for Volusia Square and $16 Million for Breakfast Point Marketplace.

Volusia Square is located at 2455 W. International Speedway Blvd., in the Racing Capital of Daytona Beach, Florida. This Retail Shopping Center is in a popular location at W. International Speedway Boulevard and N. Williamson Boulevard. This Retail Shopping Center has net leased Tenants that include Home Depot, Toys "R" Us, Ross, TJ Maxx and HH Gregg among others. This net leased property adjacent to Daytona International Airport and Daytona International Speedway also has Hobby Lobby, Bealls Outlet and Pier 1 Imports. Retail Planning Corporation sold the net lease property for $31 million, but it is not known if a 1031 exchange was in play. Volusia Square is an approximately 228,139-square-foot retail shopping center that is currently 96% leased.

The entire NNN Commercial Real Estate purchase totaled $47 Million as Columbia Properties received $16 million for their net lease property. We are unaware if the Breakfast Point Marketplace Sellers were in a 1031 Exchange. The Breakfast Point Marketplace is a 97,931 square foot Retail Shopping Center. They have main anchor-tenants Publix and Office Depot at this community retail shopping center in Panama City Beach. Panama City Beach, in Bay County Florida, is one of world’s most beautiful beaches. The net lease property was built in 2009. The Retail Shopping Center is located at the northeast corner of Panama City Beach Parkway and Richard Jackson Boulevard.

This Publix Anchored Retail Shopping Center is a Class A property and is approximately 99% leased. Publix, the fastest growing employee owned supermarket chain in the United States, has over 650 stores in Florida. Publix SuperMarket won the highest rank among supermarkets in 2007. Publix was ranked one of the top ten companies on Forbes list of largest privately owned companies in 2006.

The Retail Shopping Center, Breakfast Point Marketplace is ideally located on U.S. Highway 98. This net leased property serves the area's rapidly growing residential community, explosive condo market, and approximately 7 million tourists visiting each year. The new Bay County International Airport recently opened and contains travel channels throughout the U.S., Europe and Asia. This Retail Shopping Center has High-end architecture and finishes that identifies this property as a high-end destination. This Retail Shopping Center caters to the middle to upper demographic, as Panama City Beach has become a sought after travel destination.

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




Bookmark & Share

Retail Shopping Centers with Panera Bread Sold

Shrewsbury, Massachusetts - We have Net Lease Properties information on a pair of Retail Shopping Centers. A (JV) joint venture with Charter Realty & Development and Acadia Realty Trust purchased a pair of Shrewsbury Retail shopping centers. The net lease properties purchase price was $56 million. This Retail Shopping Center has approximately 59,000 cars passing by this daily.

The net-leased, Historical Retail Shopping Center known as White City Shopping Center was one of the properties. This net leased property is located at 50 Boston Turnpike, in Shrewsbury, Massachusetts. This Retail Shopping Center has a recently renovated facade. The Retail shopping center is very busy and is anchored by Shaw's and Michael's Crafts. The Retail Shopping Center has more notable tenants including I Party, World Gym, Dress Barn and Dress Barn Woman. One of our favorite tenants at this net lease property is Panera Bread. Also, White City Shopping Center is a supermarket-anchored retail shopping center that is situated on Route 9. This Retail Shopping Center with the great food establishments is the main draw during lunch for the Medical center that is less than one mile away.

The second Retail Shopping Center is known as White City East, and is located across Quinsigamond Ave. The Retail Shopping Centers total 280,000 square-feet of net leaseable space. The Retail Shopping Center, White City was built in the early part of the 1960's. Some NNN Commercial Real Estate analysts see White City is a landmark retail shopping center for the community in the central Massachusetts retail area. The Retail Shopping Centers are approximately 95% leased. This Retail Shopping Center has been owned and managed by its original developer since the 1960's.

Triple Net Lease Properties Buyers are often looking for the best deal for them as well they should. This transaction had the Commercial Real Estate Brokers praising this group of Triple Net Lease Properties Buyers. The Triple Net Lease Properties Buyers searched for a prime retail shopping center with high occupancy and tenant longevity. Acadia Strategic Opportunity Fund III, LLC, is a discretionary investment fund that is managed by Acadia Realty Trust (“Acadia”).

A National Bank had helped with this transaction for the Investment Property financing. Loanrise.com offers a comprehensive assessment of triple net lease properties financing needs be it for short term requirements or long-term goals.

Charter Realty & Development Corp. is a commercial real estate investment, development, and leasing company. This commercial real estate investment specializes in retail properties and triple net lease properties. The commercial real estate investment Company was founded in 1993 by Paul Brandes and Daniel Zelson. Since its founding, Charter Realty & Development Corp. has acquired and developed more than forty retail shopping centers and freestanding net leased properties.

Contact Net Lease Properties for a wide array of NNN Lease Investments to be part of your total investment portfolio.



Bookmark & Share

Retail Shopping Centers Acquired by Israeli Firm

Tel Aviv, Israel - Our Global Net Lease Properties information comes from Tel Aviv, Israel. We see a major announcement regarding the acquisition of seven U.S. shopping centers for $75 million. Elbit Imaging Ltd. (TASE, NASDAQ: EMITF) ("Elbit") has reported that it has an indirect subsidiary sign a Commercial Real Estate Purchase and Sales Agreement. EPN Investment Management, LLC ("EPN"), has agreed to purchase net lease properties from certain affiliates of Charter Hall Retail REIT. EPN Investment entered into this agreement with Charter Hall as part of a joint venture (JV). This JV is with Elbit and Plaza Centers N.V. subsidiary, Eastgate Property L.L.C. and EPN Real Estate Fund L.P. for the net lease properties purchase. We not that from the second quarter of 2009 to the second quarter of 2010, Foreign investments have skyrocketed over 200%.

This Investment Property Portfolio consists of seven retail shopping centers which are located in Georgia, Oregon and Florida. These Net Lease Properties have a Net Operating Income (NOI) of approximately $7.0 million, which gives an attractive annual yield of approximately 9.2%. These net-leased retail shopping centers have a total Gross Lettable Area (GLA) of approximately 657,000 square-feet (approximately 60,000 square meters). Currently the net-leased retail shopping centers have an occupancy rate of approximately 91.0%. The Purchase Price of the Net Leased Properties is $75 million, out of which $22.7 million shall be paid by way of assumption of a commercial loan. This Commercial Loan assumption is a contingency for the deal to close.

EPN Investment Management, LLC ("EPN") did not mention which exact retail shopping centers were purchased. However, Sydney, Australia-based Charter Hall Retail's seven Georgia retail shopping centers are all situated in metro Atlanta. This area is hot for our NNN Commercial Real Estate Investors seeking opportunity. Charter Hall Retail's Atlanta holdings include the Lindbergh Crossing retail shopping center, Northlake Promenade shopping center, Roswell Crossing, and the net-leased Woodstock Crossing. The retail shopping centers have fantastic National Retail tenants which includes Trader Joe's and Marshalls. These net lease properties were not announced to be part of a 1031 Exchange.

The Roswell Crossing Retail Shopping Center is located at 625 W Crossville Road, in Roswell, Georgia with 30075 as the zip code. This Retail Shopping Center has a mix of national tenants such as PetSmart, OfficeMax and Walgreen’s. This Retail Shopping Center also has one our favorite grocery specialty store, Trader Joe's. This Retail Shopping Center has an affluent customer base with an average household income that exceeds $125,000, within a 3-mile radius. This net-leased Retail Shopping Center is positioned at an intersection with very heavy traffic. This Atlanta suburb intersection is Hwy 92 and King Rd. The Roswell Crossing Retail Shopping Center benefits from approximately 52,000 vehicles per day (VPD).

The Roswell Crossing Retail Shopping Center is near other net-leased Tenants including Outback, Arby's, Taco Mac, and many more. Retailers such as Kohl's, Linens N Things, ABC, and other major retailers are in close proximity including Publix and Home Depot. The Roswell Crossing Retail Shopping Center is also surrounded by office building as well for retail foot traffic.

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.

Bookmark & Share

Dollar General in Net Lease Properties

Atlanta, Georgia - Our information today on Net Lease Properties is concerning an Investment Property Portfolio. The Buyer of the Net Lease Properties is an affiliate of Inland Diversified Real Estate Trust, Incorporation. Inland Diversified Real Estate Trust Inc. focuses on acquiring commercial real estate property located in the United States and Canada. Inland Diversified Real Estate Trust has been known to acquire REITs (real estate investment trust) and other commercial real estate operating companies. Inland Real Estate Investment Corporation is located on Butterfield Road in Oak Brook, Illinois.

Inland Diversified Real Estate Trust Inc. has a strategy wish ambition to a obtain triple net lease properties or entities owning commercial real estate properties such as:

•retail properties (Credit Tenants are preferred)
•office buildings
•Apartment Building Complexes, multi-family properties, student housing properties
•industrial properties or distribution centers and warehouse facilities
•lodging properties
•medical office buildings (MOB) and healthcare-related facilities
•triple net lease properties, (STNL) single use properties of similar type.


Inland Diversified Real Estate Trust, Inc. has purchased nine Dollar General stores in this Investment Property Portfolio. The Investment Property Portfolio has the assets located in Alabama and Georgia. The net lease properties in the Investment Property portfolio contains between 8,982 and 10,640 square feet. These net lease properties with the Tenant, Dollar Tree were constructed in 2009 and 2010. The total square footage of the net lease properties portfolio purchase was 82,818. The annualized base rent is $716,189, or $8.65 per square foot. The net lease properties portfolio was purchased for $8.5 million.

Each property is 100% occupied by Dollar General Corporation ("Dollar General"), pursuant to a fifteen year, triple-net lease expiring in 2025. These net lease properties have net-leases which are renewable for (five) five-year terms that are available for the Dollar General Tenant. We did not find information on the Investment Property financing.

The seller of the Net Lease Properties portfolio was Sherwin Real Estate, Inc.. We were unable to find much on their other commercial real estate transactions. Sherwin Real Estate, Inc. sold this Net Lease Properties Portfolio with an average cap rate of 8.15%. This is a suitable cap rate and these Dollar General net leased properties are great for a 1031 Exchange property replacement. Dollar General is a Strong Tenant and recently had a 'BB-' Standard & Poors Rating.

We had previous Net Lease Properties news for Inland Real Estate Acquisitions, Inc back in September. Inland Real Estate Acquisitions, Inc purchased a 69,000 square-foot freestanding retail building in Bend, Oregon. That net lease investment is occupied by Kohl's Department Stores, Inc., which is a subsidiary of Kohl's Corporation (Kohl's). Kohl's Department Stores occupies the commercial real estate property with a net-lease that extends through 2030. That net lease property with Kohl's has a contract with multiple renewal options.

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:
Triple Net Lease Properties
Investment Property For Sale
Net Leased Properties
1031 Exchange Property Solutions
NNN Lease Investments
NNN Commercial Real Estate



Bookmark & Share