North Carolina Net Lease Property lease to Williams-Sonoma Division

Charlotte, North Carolina – Net Lease Properties news goes back to Catawba County, in North Carolina. North Carolina, Tennessee and Florida are excellent choices for triple net lease properties. A Industrial Net Lease Property just signed a net lease with a major Tenant in Claremont, North Carolina. The Industrial Net Leased Property was net leased to a division of Williams-Sonoma.

This Net Leased Property consists of approximately 411,699 square feet of leaseable space. Sutter Street Manufacturing, a division of Williams-Sonoma signed the net lease for 100% of this distribution warehouse net leased property. This property will fit the needs for furniture manufacturing for Williams-Sonoma, with its 36’ clear ceiling heights.

This North Carolina Industrial Net Lease Property is situated at 2973 Kelly Boulevard in Claremont, with 28610 as the zip code. The Commercial property Owner is Kelly Boulevard Associates, LLC, and is made up of a joint venture (JV) of JER Partners from McLean, Virginia, and Fulcra Enterprises. The Joint Venture partner Fulcra Enterprises is headquartered in Cornelius, North Carolina. The joint venture of JER Partners and Fulcra Enterprises purchased the commercial property, which is a Class A Industrial Investment, for $9.5 million. The Industrial Net Leased Property in Claremont is approximately 45 miles from the Charlotte – Douglas International Airport.

The Industrial Net Lease Property was acquired by JER Partners and Fulcra Enterprises towards the end of the year of 2008. The North Carolina Industrial Net Lease Property was constructed in 1999 and is positioned on approximately 25.57 Acres. Kelly Boulevard Associates, LLC was able to acquire the North Carolina Commercial Property through bankruptcy proceedings. The North Carolina Commercial Property is a premier building that was developed by the previous property owner, Collezione Europa USA, Incorporated.

The Net Lease Property was built with state of the art features for and Industrial Building such as an ESFR Sprinkler system, and Insulated pre-cast concrete panels. The Commercial Property also was built with Insulated high doors with pit type levelers, seals, lights, awnings super-flat floors, and a complete racking system for convenience. We found through our Commercial Property research that this property was marketed at $3.25 per square foot for a net lease or at $16.5 million for a NNN Property purchase. NNN Commercial Real Estate analysts believes the average net lease rate for industrial properties in the Charlotte metropolitan statistical area (MSA) is approximately $4.36 per square foot. We are not privy as to if there was Net Lease Funding which was assumable on this property.

The NNN Industrial Property is situated just off I-40. The NNN Industrial Property has easy access to I-77, State Highway 321 and Interstate 85. The Commercial Property sits northwest of Charlotte and the Tenant, Sutter Street Manufacturing will use it to provide upholstered furniture for Williams-Sonoma. Back in 2008, Sutter Street Manufacturing opened a furniture manufacturing center in Hickory, which has some of the oldest furniture manufacturers in the United States. Williams-Sonoma believes in this area and liked the high quality construction of this high quality Industrial Warehouse Property.

One of the Industrial Net Lease Property Owners is JER Partners. This Commercial Property Owner is a management-owned, fully integrated private commercial real estate investment management company. This private commercial real estate investment management company has over 27 years of experience in sourcing, underwriting and managing a broad spectrum of commercial real estate investment properties and debt products in the U.S. and Europe.

The commercial real estate investment firm along with their financial and operating partners, have purchased and managed approximately 15,000 commercial investments, valued at over $27 billion. The commercial real estate investment firm invests not only in triple net lease properties but CMBS, mezzanine financing and other structured debt products. This private commercial real estate investment management company has been a Special Servicer of Commercial Loans and securities for over 20 years.

The other Net Leased Property Owner is Fulcra Enterprises. This company, Fulcra Enterprises is a commercial real estate investment and operating company located in the Charlotte, North Carolina metropolitan area. This commercial real estate investment company focuses on opportunistic and value-added properties to investment in. This commercial real estate investment company prefers to invest in the Southeast area as many of our Triple Net Lease Investors prefer. Fulcra Enterprises Inc. is involved in purchasing and selling net lease properties. The commercial real estate investment company was incorporated in 2004.

The first Williams-Sonoma retail store opened in 1956, selling a small array of cookware imported from France. Since that time the Net Lease Property Tenant has expanded their brand to hundreds of products from around the world. This net lease property Tenant currently has more than 250 stores nationwide. The net lease property Tenant, Williams-Sonoma, Inc. was founded in 1956.

This net leased property Tenant, Williams-Sonoma, Inc. is the premier specialty retailer of home furnishings and gourmet cookware in the United States. Their retail brands are among the best known and most-respected in the entire industry. Williams-Sonoma, Inc. offers high-quality, stylish products for every room in the house: from your kitchen to your comfortable living room, bedroom, home office and even the hall closet.

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

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Stop & Shop Triple Net Leased Property Sold

Teaneck, New Jersey - Our Net Lease Properties news this evening is from the Garden State, New Jersey. A single tenant net lease property (STNL) sold in Teaneck. This (STNL) investment asset sector provides the least risk and zero landlord responsibilities or low management responsibilities, is known as the Single Tenant Net Leased category.

The New Jersey absolute NNN Lease Property sold for $10.2 million. The triple net lease property has Stop & Shop in the building with the net lease guaranteed by Ahold. The net lease property Tenant, Stop & Shop grew from a single corner grocer to a leading grocery chain of over 373 stores. These retail Stop & Shop net leased properties are situated throughout New England, New York and New Jersey. Stop & Shop strives to offer their customers the best selection of food, high quality and value for more than 90 years.

One of the best Net Lease Property Brokers, Todd Tremblay, of Marcus & Millichap Real Estate Investment Services worked on this deal. Also involved were Bob Horvath, and Mike Lombardi of Marcus & Millichap Real Estate Investment Services. The Stop & Shop net leased property was acquired by a limited liability company, H&R LLC for approximately $244 per square foot. The Stop & Shop net lease property is about 42,100 square feet and located at 665 American Legion Drive, Teaneck, with 07666 as the zip code.

The Stop & Shop net leased property is in Teaneck, which is a township in Bergen County, New Jersey. This portion of New Jersey is a suburb in the New York metropolitan statistical area. The New Jersey Net Leased Property is approximately 27 miles from the John F. Kennedy International Airport (JFK).

Single Tenant Net Lease Properties 

The single tenant net lease property is situated on approximately 3.7 acres. The existing net lease is a 20-year lease term, with about 8 years remaining. The lease contains four five-year renewal options, prime rent increases every five years and zero landlord responsibilities. A nice deal for NNN Commercial Real Estate investors, with a corporate lease with AHOLD. There was a commercial loan on the net leased property to be assumed. The commercial loan has 8 years remaining. There appears to be a balloon payment at the end of the commercial loan for about $2,900,000.

This appears to be an excellent job by Todd Tremblay and his associates to get top dollar for the net leased property seller, FW Teaneck LLC. This triple net lease property was constructed in 1961. The Florida NNN Commercial Real Estate had approximately $1,000,000 worth of recent improvements paid for by Tenants, Stop & Shop - Ahold. The Triple Net Lease Property Tenant Ahold decided to convert all of their leading New England grocery stores to the Stop & Shop banner.

The triple net leased property is in Teaneck, which covers 6.25 square miles at the crossroads of Interstate 95 and Interstate 80, an is the fourth wealthiest county in New Jersey. Also to help NNN Commercial Real Estate prosper, the median household income for this area was $94,558 in 2008. This Stop & Shop triple net leased property is only a few miles from the Garden State Parkway. The population within a five-mile radius is approximately 486,193 with the median home value at $422,483.

This Stop & Shop NNN Lease Investment is close to New York City and about 19.5 miles from Newark Liberty International Airport. The most common employers currently in Teaneck are education, health care and professional services. Teaneck, New Jersey has been the home of Holy Name Medical Center, which is a 361 bed facility, for over 83 years.

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

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NNN Commercial Real Estate Action brewing in Tampa's Westshore area

Tampa Bay, Florida - Our Net Lease Properties news today is from Hillsborough County in Florida. The Tampa Bay, St, Petersburg and Clearwater Florida are excellent locations to check for NNN Commercial Real Estate. The Net Lease Properties team sees that the Westshore area has a great deal more action brewing.

A Commercial Real Estate Company, CB Richard Ellis, has recently announced the sublease of 25,127 square feet of space. The NNN Commercial Real Estate in Tampa Bay is being leased to Walter Investment Management. This net lease property is located at the Bayport Plaza in Tampa’s Westshore area for NNN Commercial Real Estate. Apparently CB Richard Ellis represented MMA Financial for their sublease written agreement.

The Hillsborough County net leased property is situated close to so many important businesses in the Tampa Bay area. There are many Net Lease Properties specialists who consider Florida Life Insurance and NNN Property as going hand in hand with investing. This Commercial Real Estate in Florida was a two time winner of an exclusive Commercial Real Estate award. This Tampa Bay NNN Commercial Real Estate won the BOMA Building of the Year twice.

This Net Leased Property in Tampa Bay has a State of the art fitness center to keep tenants in shape. Then after the workout at the Fitness center the Net Leased Property has fine dining and casual dining nearby. Just a few of these Tampa Bay dining establishments are four convenient restaurants such as the Bayside Café, Petey Brown’s, Oystercatchers & Armani’s.

This NNN Commercial Real Estate also has a Florist and hair salon. The Net Lease properties tenants have 24 hour access with a parking ratio of 4 cars for every 1,000 square feet. This Tampa bay Net Leased Property has covered parking and On site professional property management.

The Florida NNN Commercial Real Estate is situated at 3000 Bayport Drive, in Tampa Bay. This Net Leased property has the Florida Zip Code of 33607. The NNN Property is to be found within the prestigious Westshore submarket with quick and easy access to a major freeway, I-27, This NNN Property also has easy access to, Courtney Campbell Causeway - SR 60 along with the Veterans Expressway. This NNN Commercial Real Estate is in addition next to the Grand Hyatt Tampa Bay and just a few minutes coming from the Tampa International Airport. The Hyatt Hotel shuttle service has a ride ready every 30 minutes to the Tampa International Airport which in itself easy to maneuver around.

The Bay Shore Plaza NNN Commercial Real Estate also offers gorgeous panoramic views of Old Tampa Bay and the breathtaking Westshore’s skyline. Although it is not a NNN Lease property on a corner in Palm Beach County, none the less it is an excellent NNN Investment.

Contact Net Lease Properties to purchase or sell NNN Lease Investments. Also Loanrise.com has excellent rates on CTL Financing and Commercial Loans.