A REIT Acquires Properties for $71.7 Million

SAN DIEGO, California - Net Lease News for today is that, Excel Trust, Inc., a retail focused real estate investment trust (REIT), has acquired five more properties for a combined asset value of $71,749,078. The approximate capitalization rate is 8.5% (excluding land for development in Rockwall, TX). Excel Trust has now acquired a total of fifteen properties since its initial public offering (IPO) on April 23, 2010. Some of their most recent acquisitions. are the Plaza at Rockwall. This multi-tenant shopping center has approximately 334,027 square feet of gross leasable area. Built in 2007, the property is anchored by J.C. Penney, Dick's Sporting Goods, Staples, Best Buy and Belk Department Store.
Rockwall, a suburb of Dallas, is the 2nd wealthiest county in Texas and was the 3rd fastest growing county in the nation over the past decade according to the U.S. Census Bureau.
Another acquisition is a Lowe's, in Shippensburg, Pennsylvania. The Lowe's property has approximately 171,069 square feet of gross leasable area. Built in 2009, the property is freestanding retail under a net lease and is adjacent to a non-owned Super Wal-Mart.

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REIT Aquires Freestanding Retail Leased To Walgreens

SAN DIEGO, California - A retail focused real estate investment trust (REIT), has acquired five additional properties, Below is a summary of the most recent acquisitions.

One Commercial Real Estate Investment is a Shop 'n Save in Ballwin, Missouri. The Shop 'n Save property has approximately 53,411 square feet of gross leasable area, and was purchased for $8,450,000 at an approximate cap rate of 8.72%. This property is freestanding building, retail, under a Triple Net Lease (NNN) to SuperValu Inc., with its subsidiary Shop 'n Save as the tenant.

A few other Commercial Real Estate properties purchased are Walgreens.
One of the Walgreens is located in Barbourville, Kentucky. The property has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,212,500 at an approximate cap rate of 8%. This property is a freestanding retail under a bond lease to Walgreens (A+ S&P credit rating).

Another Walgreens purchased is in Corbin, Kentucky, This Walgreens has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,181,250 at an approximate cap rate of 8%.

One more Walgreens, also located in Corbin, Kentucky near Cumberland Gap Parkway has approximately 13,650 square feet of gross leasable area and was purchased for a total of $3,526,238 at an approximate cap rate of 8%. This Commercial Real Estate Investment is also a freestanding retail investment under a bond lease to Walgreens.

Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties.

Net Lease Funding & Search For Triple Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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.