New York Walgreens NNN Lease Investments

Queens, New York - We open up Net Lease Properties news for April with a top national credit tenant, Walgreen’s. Many of our Net Lease Properties investors are actively searching for Walgreen’s Pharmacy and CVS Pharmacy triple net leased properties. NNN Lease Investments with zero landlord responsibilities can be stable, long-term investments.

The net lease property Tenant, Walgreen's was founded in 1901. This triple net leased property Tenant currently provides the most convenient access to consumer retail goods and services, and pharmacy. Walgreen's as the net lease property tenant also offers health and wellness services for America. Walgreen's has pioneered many modern retail sites and pharmacy features, some of which have become standards in the industry.

The net lease property Tenant has recorded over 30 consecutive years of record sales and earnings. As far as investment property is concerned check these reports; Walgreen’s is a Fortune "50" national credit tenant (traded under the symbol "WAG"), with an S&P "A" rating and is listed among Fortune Magazine's "Most Admired Companies", the "Platinum 400 List" and "40 Best Stocks to Retire On".

This New York triple net leased property sold for $10,400,000. This sales price for a 100% Leased, NNN Lease Property may sound higher than normal but it is not the highest sale price this year. The NNN Lease Investment was marketed at a Cap Rate of 6.25 and then slightly higher. However, the Walgreen's triple net lease property closed at approximately a 7% cap rate.

The triple net leased property buyer was Elion Real Estate Investments. The sales price for this NNN Lease Investment comes to about $1041 per square foot. This is a rare Drugstore NNN Lease Property as it has rent bumps in the option periods of the net lease. This NNN Lease Property will also benefit from sitting on a freestanding corner at a lighted intersection. We do not have information on the Commercial Loans on this NNN Lease Investment acquisition.

The Walgreen's triple net leased property is located at 112-55 Farmers Boulevard, in New York with 11412 as the zip code. The NNN Lease Investment is situated in Queens County. The triple net leased property has a Building size of approximately 9,989 square feet. The NNN Lease Property sits on a Lot size of approximately 20,000 square feet which equates to .46 of an acre. This New York triple net leased property was recently constructed in 2010 and sold by Unicorp National Developments, Inc. The absolute NNN Property appears to have opened in January of 2011.

Th Net Lease Property has over 10 years left on the lease with Walgreen's. This NNN Lease Investment with Walgreen's benefits from being in a dense residential neighborhood and this Walgreen's store is capable to become the primary pharmacy in this area of New York. The Net Lease Investment is close to retail, and various restaurants. A primary factor that this Walgreen's should be successful is that it is near several medical clinics including Albright Medical Offices and Hollis Medical.

The NNN Lease Investment has an excellent location with from frontage on three sides and along a major access artery into the Queens residential neighborhoods. Queens is the largest borough in area size, the second largest in population, and of the five boroughs, sits on the east. This Net Lease Property is positioned on the western most part of Long Island. Also Queens is home to two major New York City airports, JFK & LaGuardia.

This triple net lease property is nearby the New York Mets baseball stadium, and the US Open tennis tournament. Queens is the home for the NNN Commercial Real Estate development, the Citicorp Building. This Citicorp NNN Commercial Real Estate building is the tallest skyscraper in New York City outside of the Manhattan Commercial Real Estate district.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.


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Indiana Net Leased Walgreens on Ground Lease

Chicago, Illinois - Today we received more Walgreen's Tenant information for our Net Lease Properties news. A commercial real estate transaction on a Net Leased Property with Walgreen’s Ground Lease took place St. John, Indiana. The net leased property is situated in St. John, Indiana which is approximately 33 Miles south of Chicago. This net leased property was purchased for $2,740,000 Million. This was a rare opportunity for a Walgreen’s ground lease located within the Chicago MSA (Chicago Metropolitan Statistical Area). This net leased property is located at 11101 US 231, in Saint John, with the zip code of 46373.

The seller of this net lease investment was a Chicago-based commercial real estate developer. This rare property, with a Walgreen’s ground lease has rent bumps. The ground lease has the land leased by Walgreen’s on a long term ground lease for 25 years. This ground lease with Walgreen's started in 2009. This is an attractive deal with an Investment grade tenant on a long term net lease. The net leased property sits in St. John which is ranked 48 out of the top 100 places to live, in the United States, on a recent CNN report.

The net lease property buyer was an institutional investor who is based in the Midwest. This net leased property buyer will benefit from rental escalation of 7.5% in less than twelve years. The net leased property investor can recognize the value of this investment, in the long term, because of the land value. Obviously another advantage for this attractive net leased property acquisition is Zero landlord responsibilities. This single tenant, net leased property leased to Walgreen's is situated on approximately 63,162 square feet of land.

The Walgreen’s net leased property, with a ground lease, is located at a signalized intersection of two US Routes (41 & 231). This net leased property location is on the heavily trafficked US Route 41 (Wicker Boulevard) which is a north-south roadway. Some Major retailers located in the St. John area consists of Target, K-Mart, and Strack & Van Til Supermarket. Strack and Van Til's has a vision to become one of the leading full service grocery food store.

There is a newer retail development in the area and that is a Tractor Supply Store. This retail development, with Tractor Supply Store is located 2 miles north of the Walgreen's net leased property. The US Route 231 (109th Street) is a road that travels east-west and connects going east to Crown Pointe, Indiana.

We see many Fast Food net lease properties with a Ground Lease. Many NNN Commercial Real Estate investors prefer the Absolute NNN Lease Investments. Many single tenant Net Lease Properties (STNL) with a Ground Leases are normally at a lower cap rate. The reason for the lower cap rate is that the tenant pays for all the improvements on the land with a ground lease.

However, with a ground lease, the landlord does not have the ability to depreciate the building, the net lease tenant receives the tax write-offs. The reason why NNN Commercial Real Estate investors prefer Absolute NNN lease investments is that the Tenant pays rent, property taxes, maintenance, and other expenses. The Net Lease Property Owner has zero landlord responsibilities, and he can still depreciate the property.

The advantages for a net lease tenant to enter into a ground lease, is that the Tenant's up front development costs are cut since the Tenant does not have to pay for the land. Also, the rent payments made under a ground lease should be deductible, for the tenant, for income tax purposes.

The Fee simple ownership is gives the NNN Investor ownership of the entire property, including both the land and buildings. The fee simple owner does have the right to possess, use the land and dispose of the land as they wish. The fee simple owner can sell the property, use it in a 1031 Exchange or have a net lease contract with a Credit Tenant, national tenant or local tenant.

Many of these Absolute NNN Ground Lease Investments listed below can be solid assets to build wealth over the long term.

•Arby's NNN Ground Lease
•Burger King NNN Ground Lease
•Carl Jr's NNN Ground Lease
•Checkers NNN Ground Lease
•Chick-Fil-A NNN Ground Lease
•Chipotle NNN Ground Lease
•Dunkin Donuts' & Baskin Robbins NNN Ground Lease
•El Pollo Loco NNN Ground Lease
•Jack in the Box NNN Ground Lease
•KFC NNN Ground Lease
•Long John Silvers NNN Ground Lease
•McDonald's NNN Ground Lease
•Panda Express NNN Ground Lease
•PDQ NNN Ground Lease
•Pizza Hut NNN Ground Lease
•Portillo's Hot Dogs NNN Ground Lease
•Rally's NNN Ground Lease
•Sonic Drive In NNN Ground Lease
•Starbucks NNN Ground Lease
•Steak N' Shake NNN Ground Lease
•Taco Bell NNN Ground Lease
•Tim Hortons NNN Ground Lease
•Wendy's NNN Ground Lease
•White Castle NNN Ground Lease

If you are ready to purchase Commercial Real Estate , you can apply for Commercial Loans at Loanrise.com.


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Walgreens NNN Lease Investment Sold in South Carolina

Spartanburg, South Carolina - Our Net Lease Properties news today is on a Walgreen's NNN Lease Investment in South Carolina. Obviously, Walgreen's is still leading the pack for Tenants in triple net lease properties. This triple net lease property is approximately 14,820 square feet, net leased to Walgreen's. Ladder Capital Finance purchased this triple net lease property for $3.87 million or about $262 per square foot. This retail triple net leased property is located at 2198 Southport Road in Spartanburg.

Spartanburg is currently the largest city in Spartanburg County, South Carolina. Spartanburg is also the county seat of Spartanburg County. This Spartanburg NNN Lease Investment is the second-largest city of the three main cities, in the growing Upstate region of South Carolina. Spartanburg is approximately 70 miles southwest of the Charlotte Douglas International Airport, in Charlotte, North Carolina. This NNN Lease Investment is approximately 3 hours from Atlanta, and 3 hours from the port of Charleston.

The seller of this triple net leased property was Ziff Properties, Inc., with a Corporate Office in the Charleston, South Carolina area. Ziff Properties, Inc. is a fully integrated commercial real estate investment, commercial real estate development and management firm. Ziff Properties, Inc. specializes in commercial properties in the southeastern area of the Country. Ziff Properties, Inc. was started in 1991, and currently own and/or manage a diverse Investment Property portfolio. Ziff Properties, Inc. has an Investment Property portfolio that is approximately 3.2 million square feet. Ziff Properties, Inc. is currently seeking new Acquisition and commercial real estate Development opportunities.

This Walgreen's NNN Lease Investment is situated in the Cedar Springs Shopping Center. The Cedar Springs Retail Shopping Center is a recently renovated neighborhood shopping center. This South Carolina Retail Shopping Center is approximately 208,699 square feet and was recently expanded. The Retail Shopping Center expansion includes the addition of a 34,936 square foot free-standing Food Lion. Also the 2007 expansion included this Walgreen’s triple net lease property. The NNN Commercial Real Estate, Walgreen's Pharmacy, has a approximately 22 years remaining on this NNN Lease contract. Other major NNN lease tenants include Hardee's, and Big Lots.

Ladder Capital finance, the NNN Lease Investment buyer, pursues opportunities resulting from the current lack of liquidity occurring in the (CRE) commercial real estate financing market. Ladder Capital finance has a strategy that will include the purchase of NNN Commercial Real Estate, origination and management of a diverse portfolio of CRE (commercial real estate) mortgages.

These CRE portfolios include fixed-rate and interim floating-rate mortgages, junior interests in mortgages and mezzanine loans and commercial mortgage-backed securities (CMBS). Commercial mortgage backed securities (CMBS) are a type of mortgage-backed security that is backed by mortgages secured by commercial real estate rather than residential real estate.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement properties in these areas.

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