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:
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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.

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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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Net Leased Property Fully Occupied with Samsung Electronics

Dallas, Texas- Our Net Lease Properties news comes from the Great State of Texas today. We see that Samsung Electronics has agreed to lease an additional 130,002 square feet in Point West VII. This net lease investment is an industrial building Duke Realty owns in Coppell. Coppell is approximately 12 miles north of the Dallas - Fort Worth International Airport (DFW) at E Airfield Dr, Dallas, Texas. This net lease property already has 261,025 square feet leased to Samsung since late in 2009.

The net lease property, Point West VII, is located just off I-635 at Belt Line Road. The Net Leased Property has provided Samsung with the transportation options it was looking for in its distribution strategy. This net lease property is considered an industrial leasing opportunity for Samsung. This accessibility, along with Point West VII’s Foreign Trade Zone status, and features that this net lease property provides, has afforded Samsung some advantages that other locations could not offer.

This Net Lease Property is already having a build-out of the space underway, and Samsung will begin moving into the space in very soon. This Investment Property, Point West VII, is at 240 Dividend Drive. This Investment Property being leased is Samsung Mobile’s largest cell phone distribution facility in the United States. Samsung has seen demand for its products grow recently. Samsung seems very pleased with Point West VII and Duke Realty’s willingness to work with them on expansion needs.

Duke Realty Corporation has developed and owns the net lease property. This Net Lease Property Owner has a winning combination of a modern, well-located building and a Company who is willing to work with Tenants on their needs. This is a good reason that the net lease property is now 100 percent leased.

Duke Realty employs more than 60 associates and owns, manages, or has under development more than 15 million square feet of office and industrial properties in their Investment Property Portfolio. Duke Realty is headquartered in the greater Dallas/Fort Worth area. Duke Realty also controls 200 acres of land for future development in the market. On a nationwide basis, Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index.

We see a growing demand for multifamily apartment buildings and net lease properties to be acquired for a 1031 Tax Deferred Exchange. A 1031 tax deferred exchange (1031 Exchange) is an excellent tool available to owners of commercial real estate investments. Retail Shopping Centers and Triple Net Lease Properties are an ideal debt replacement Vehicle for Investors using a 1031 tax deferred exchange.

CONTACT US HERE for:
Triple Net Lease Properties
Investment Property For Sale
Sale-Leaseback Transactions
NNN Ground Lease
1031 Exchange Solutions
NNN Properties
Net Leased Investments

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.

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2 Net Leased Properties Purchased by REIT

Kansas City, Missouri - Today, Net Lease Properties news is on Properties acquired by a REIT. The first property which was purchased is net leased to Kohl’s Department Stores, Inc. through January 31, 2025 (with tenant options to extend). This net lease property is located in Kansas City and the purchase price was $8.95 million. This net leased Kohl's is in the Wilshire Plaza Shopping Center, which is anchored by the commercial real estate investments, Super Target and Home Depot.

This Kohl's is approximately 88,248 square feet, a retail department store on approximately 7.47 acres.

The other net leased property that was purchased is located in Monroeville, Pennsylvania, a suburb of Pittsburgh. This commercial real estate investment is a 6,000 square foot retail property leased by a Men's Wearhouse pursuant to a long term net lease. The purchase price was approximately $1.3 million, including $300,000 of contracted building improvements.

The Buyer of both of these net lease properties was One Liberty. One Liberty is a New York based real estate investment trust (REIT) that specializes in the acquisition of real estate properties under long term net leases.

Net Lease Properties & Non Recourse Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Non Recourse Loan and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix, Kohl's, Burger King, KFC, Wendy's or other Net Lease Property.

Oakleaf Town Center acquires new Tenants

Net Lease Properties News

JACKSONVILLE, Florida - Sembler Company is pleased to announce new retailers in the Oakleaf Town Center open-air shopping center in Jacksonville.
The specific location is at the intersection of Argyle Forest Boulevard and Old Middleburg Road near Brannan Chaffee Road.
The address is 9525 Crosshill Boulevard, Jacksonville, Florida, zip code of 32222.

New retailers include Eyes on Oakleaf, Dollar Tree, Bruster’s Ice Cream, and the University of Phoenix.
Oakleaf Town Center is an 750,000 s.f. open-air regional shopping center located in Duval County just west of Orange Park. Oakleaf Town Center is anchored by SuperTarget, Kohls and Home Depot and offers a main street element at the entrance.
Dollar Tree, SuperTarget and Kohls are some favorites of Net Lease Properties.

Commercial Real Estate Search & Non-Recourse Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

SIKON builds a new TooJay’s Deli in Plantation

PLANTATION, FLorida - A new TooJay’s Gourmet Deli was completed for by SIKON Construction.
This Florida Commercial Real Estate is located at The Fountains, at 801 S. University Drive in Plantation.
This is a 415,000sf shopping plaza with anchors by Marshall’s and Kohl’s.
Estimated at a cost of $1.2 million, for this 6,311 sf TooJay’s Gourmet Deli.
The project was designed by CPH Engineers Inc., of Sanford, Florida.
Kohl's are a Triple Net Lease Property is check out. We can assist you with some excellent Financing, possibly a Non Recourse Loan.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎

Net Lease Properties Email Here

Palms at Town & Country to include Loehmann's

Miami Beach, Florida - Our Net Lease Properties information is from the exciting, vibrant Miami Beach area. A Miami Net Leased Property is having a major renovation. The Net Leased Property is owned by TIAA-CREF. The Miami Net Leased Property is called the Palms at Town & Country. Initially the redevelopment is an addition of a Nordstrom Rack, which will net lease possibly 33,799 square feet. Previous reports on this Nordstrom Rack was that they would lease 26,757 square feet of this net leased property. The redevelopment stage with Nordstrom Rack should open sometime in October of 2009.

The Miami Net leased Property, Palms at Town & Country, is a 400,123-square-foot, open-air retail shopping center. This NNN Commercial Real Estate development is currently under construction. The Miami Net leased Property is located at 8268 Mills Drive in Kendall, a growing suburb in Miami Dade County.

Nordstrom Rack will sell apparel and accessories for men, women and children at this open-air Mediterranean-themed retail shopping center. Nordstrom Rack is normally in business, selling apparel and accessories at 30% to 70% off the standard retail price. Nordstrom Rack has been in net lease properties in the Seattle, Washington and California area for over a decade.

The Miami Net leased Property, the Palms at Town & Country is being redeveloped by Flagler Development Group. The commercial real estate developer, Flagler Development Group, is very experienced. The Coral Gables-based Flagler Development Group owns, develops, leases and holds in joint ventures over 9.1 million square-feet of Class-A office and industrial property space. The commercial real estate developer also is involved with an additional 1.2 million square-feet of property that is currently under construction.

Coral Gables-based Flagler Development Group space consists of Class-A office and industrial properties, primarily in Jacksonville, Orlando, Ft. Lauderdale and Miami. Flagler Development Group also owns 921 acres of entitled Florida Commercial Real Estate land. This Florida Land is held directly and through joint ventures (JV), which is available for development of up to an additional 16.5 million square-feet.

The Miami Net Leased Property will have an excellent list of Tenants when completed. The new Florida lifestyle center will house fine restaurants and specialty stores. This retail district is referred to as the new “Downtown Kendall”. The Palms at Town & Country began leasing to retailers such as New York & Company, Marshalls, Men’s Wearhouse, Kohl's, Nine West Outlet, Publix, Kirkland’s, Outback Steakhouse, Toys “R” Us, CVS Pharmacy and 24 Hour Fitness.

This Miami Net Leased Property features a Professional - Medical Arts Center and a cozy boutique hotel overlooking one of Miami-Dade County’s most pristine lakes. The Miami retail shopping center is situated on a 75 acre Florida parcel. The Miami Net Leased Property is ideally positioned at the junction of the high traffic area with the Florida Turnpike and Kendall Drive. We are not aware of the Net Lease Funding for the current construction phase on the Miami net leased property.

The net leased property owner, TIAA-CREF is one of the largest institutional commercial real estate investors in America. These commercial real estate investors manage a global investment property portfolio totaling over $65 billion. TIAA-CREF originated its first commercial loan in the year of 1934 and then started to invest in NNN commercial real estate in 1947. Today, TIAA-CREF Global Real Estate invests in and actively manages commercial real estate on behalf of individual clients and institutional clients across the globe. TIAA-CREF's Global Investment property portfolio consists of over $22 billion in equity investments in office buildings, retail net lease properties, and industrial properties situated across the United States, Canada and Western Europe.

Contact Net Lease Properties to purchase NNN Property.

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Defying Credit Crunch, HRPT Office Investment Property Portfolio Reels in $250 M Credit Facility

North Palm Beach, Florida - Our Net Lease Properties information today is on financing. Obviously other than finding the right deal, financing is most important.
Entering into a new $250 million secured credit facility, HRPT Properties Trust has joined the ranks of those commercial real estate companies that have managed to secure big-ticket commercial loans in the midst of one of the most unfriendly lending environments in history. This is the most desired, a non-recourse loan credit facility, which matures April 24, 2012, and comes with an option for a one-year extension, is backed by a group of office assets owned by HRPT subsidiary Government Properties Income Trust. As of December 31, 2008, there is 99% occupancy in this Investment Property Portfolio consisting of 29 government-tenanted buildings that secured this facility.

A few Commercial Mortgage Lenders participated in the facility. Some are joint lead arrangers Bank of America Securities L.L.C. and Wells Fargo Bank N.A.; Royal Bank of Canada; US Bank National Association; Citicorp North America Inc.; Morgan Stanley Bank N.A.; Regions Bank; and UBS Loan Finance L.L.C. HRPT plans to use the net proceeds from the new credit facility to pay down outstanding debt under its current revolving credit facility.

With Fannie Mae and Freddie Mac continuing to dole out funds, Investment Properties, such as multi-family property owners are able to secure major commercial loans. However, it has been a far different story for other commercial real estate sectors, including office. Financing for most is hard to come by, but as evidenced by the HRPT facility, it's out there, if the Investment Property Portfolio is right.

There is still an appetite for secured lending on certain commercial properties such as Triple Net Lease Properties and Apartment Buildings. According to initial estimates, HRP was envisioning that its Government entity could be worth up to $500 million, so this facility implies an estimated 50 percent loan-to-value.

Some Commercial Mortgage Lenders believe the market is on CTL Financing for net lease properties these days. loans are getting done at approximately 50 to 55 percent LTV. In this case, clearly the lenders are comfortable lending against the leases on those properties. "In addition to its nearly fully leased government-tenanted office properties, HRPT has something else working in its favor". HRPT is not like Macklowe or General Growth Properties; it's not one of the headline companies that overleveraged themselves at the peak of the credit bubble.

We think they're going to be able to make it out the other end of the crisis. "The majority of the banks participating in HRPT's new secured credit facility are recipients of billions in funds from the federal government's Troubled Asset Repurchase Program, designed to unfreeze the frozen credit market by providing banks with the monetary foundation to begin lending again. HRP may be benefiting from the plan, but there are real estate companies that aren't getting that warm and fuzzy feeling from the big banks. Fontainebleau Las Vegas L.L.C. falls in this category.

The developer of an Investment Property, the gargantuan Fontainebleau Las Vegas mixed-use casino resort filed a $3 billion suit last week against a group of lenders--a group that includes TARP-receiving Bank of America and JPMorgan Chase--for reneging on $800 million in prearranged commercial financing.

NNN Commercial Real Estate Resources

We see a growing demand for multifamily apartment buildings and net lease properties to be acquired for a 1031 Tax Deferred Exchange. A 1031 tax deferred exchange (1031 Exchange) is an excellent tool available to owners of commercial real estate investments. Retail Shopping Centers and Triple Net Lease Properties are an ideal debt replacement Vehicle for Investors using a 1031 tax deferred exchange.

CONTACT US HERE for:
Triple Net Lease Properties
Investment Property For Sale
Sale-Leaseback Transactions
NNN Ground Lease
1031 Exchange Solutions
NNN Properties
Net Leased Investments

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.