IHOP NNN Property in Naples Florida

 

This Retail Property is Off-Market. 

Contact us for similar Commercial Properties For Sale in Florida.

O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com 

Also contact us for 1 to 3 acres ready to develop, Foreclosures, Mini Warehouse and RV Parks.

6631 Dudley Drive, Naples, Florida 34105 - Commercial Property SOLD

4,200 SF · Retail Property Information

IHOP NNN Lease Commercial Real Estate Price $3,150,000 Cap Rate 5.30% Building Size 4,200 SF Occupancy 100% Price per SF $750 Tenancy Single Property Type Retail Year Built 2009 Property Sub-type Free Standing Bldg Lot Size 0.92 AC Property Use Type Net Lease Investment with 10+ years left on lease

Description of Investment Property

NNN IHOP (Sunshine Restaurant Partners) lease expiring in 2030. 1.25% annual rent increases. Six five-year options. No landlord responsibilities. Busy 24-Hour IHOP location. There are over 1,650 IHOP restaurants located in 50 states and the D.C., Canada, Guatemala, Mexico, Puerto Rice and the U.S. Virgin Islands. Sunshine Restaurant Partners (lease guarantor) is the exclusive franchisee for Florida IHOP locations. They operate 154 IHOP locations in the states of Florida and Georgia.

Their parent company, Argonne Capital has over 923 restaurants and $154,000,000 in annual system-wide sales. Prime Naples location just off I-75. 60,821 average daily traffic count at the exit. $88,863 average household income in the one-mile radius. 150,097 people in the five-mile radius. The property is in front of two large hotels/motels - Spinnaker of Inn of Naples, and Best Western Naples. The busy Pine Ridge Road and Dudley location is just across from Physicians Regional Pine Ridge Campus, a 101 Bed Hospital, near the La Costa Apartment 276-unit gated community, and near the Baron G. Collier High School with 1724 student enrollment. Next to the IHOP are other retailers such as Hooter's, Waffle House, Dunkin Donuts, Starbucks, Perkins, Circle K, Shell Gas Station, Naples Nissan and Hawthorn Suites by Wyndham.

Highlights of Naples Commercial Property

• Busy 24 Hour location
• Just off I-75 with 60,821 ADT
• NNN lease expires 2030
• 1.25% annual rent increases
• $88,863 avg. household income in 1-mile radius
• 150,097 people in the 5-mile radius

Financial Summary (Actual) Year 2016 - Net Operating Income $166,994

Major Net Lease Property Tenant Information

Tenant	SF Occupied	Lease End Date
IHOP (Sunshine Restaurant Partners)	4,200	3/1/2030

  6631 Dudley Drive, Naples, Florida 34105 (Collier County)

 Listing information courtesy of J H Winokur Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

Walgreens Net Leased Properties and PNC Bank

Fairfax, Virginia - Net Lease Properties information comes from Fairfax, one of the premier locations for NNN commercial real estate. As various sectors of commercial real estate are still in a holding pattern, Apartment Buildings and Triple Net Lease Properties thrive. This recent Net Lease Properties transaction could be the largest in the Washington, D.C. sector in years.

A Commercial Real Estate Broker helped procure the sale of Net Lease Properties with Walgreen’s and PNC Bank. This Net Lease Properties transaction will be a Ground Lease with Walgreen’s and PNC Bank and a 5.9% cap rate will apply. Triple Net Lease Properties Investments with PNC Back are becoming an attractive asset. The Virginia Net Leased Property sold for $13.8 million. As the supply of triple net lease properties dries up, the Cap Rates have been lower.

PNC Bank has a long history of strengthening and enriching retail districts and local communities to increase conductivity of banking business. PNC Bank has for decades provided resources to seed ideas, foster NNN commercial real estate development throughout their market areas. For example, PNC Bank has an ongoing commitment to corporate social responsibility. Also, PNC Bank has devoted significant resources to assisting customers struggling from the impact of the financial crisis. PNC Bank can be an option for your net leased property Tenant requirement or for a 1031 Exchange Replacement Property.

The PNC Financial Services Group is one of America's largest diversified financial services organizations. PNC Financial Services Group currently provides retail and business banking; and mortgage banking. They also offer corporate banking, commercial real estate finance and asset-backed lending. For Net Lease Properties Investors seeking diversification, PNC Bank offers wealth management and asset management services.

The Virginia Net Lease Property is not completely built yet. This Walgreen’s Net Lease Property and PNC Bank will be positioned on the southwest corner of Route 29 and Nutley Street. The net leased property will have the address of 3050 Nutley Street, in Fairfax, Virginia with 22031 as the zip code. The Buyer was a local Net Lease Property Investment firm.

Washington Property Company is the seller of the Virginia Net Leased Property. The NNN Lease Property Seller, Washington Property Company has their headquarters situated in Bethesda, Maryland. The Net Leased Property Seller, Washington Property Company (WPC) is a full-service commercial real estate firm offering diversified expertise in investment property acquisition. The Commercial Real Estate firm also has services for land use development, Net Lease Funding, financing, leasing, construction and commercial property management. Washington Property Company an award-winning company with commercial, retail net lease properties and mixed-use projects throughout the Washington D.C. region.

In later part of 2009, Washington Property Company broke ground at this location of Nutley Street and Route 29 (Old Lee Highway) to begin this new Net Leased Property with a Walgreen’s pharmacy and PNC Bank branch. These Virginia Net Leased Property Tenants will have drive-thrus for convenience. This NNN Commercial Real Estate development should be available for business in the next month of two. This is a rare Walgreen's Net Lease Property with rent bumps. PNC Bank may also have an attractive net lease for the Investors.

Analysts for Net Lease Properties believe the lower Cap Rate came about from various factors. Apparently Walgreen's was very interested in the location of this Net Lease Property for a Ground Lease. This Fairfax County area is fantastic for Retail Net Lease Properties. This area is close to Washington D.C., and has an average resident with some of the higher incomes in the Country. This Walgreen's net leased property is also close to mass transportation areas.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.


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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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Naples Triple Net Leased Property for Texas Investors

Naples, Florida - Our Net Lease Properties comes form one of the most beautiful areas in the Country, and that is Naples, Florida. A once popular Triple Net Leased Property has sold. This Triple Net Leased Property had become known to be placed in the distressed net lease property category. This net lease property is called the "Collection at Vanderbilt" and now has new NNN commercial real estate investors to attempt to bring those retail shopping center back to prosperity.

Woolbright Development had developed this Naples retail shopping center back in 2006 with further work being done until 2009. The Boca Raton-based Woolbright Development did a fine job with the Collection at Vanderbilt, which is an upscale retail shopping center that is approximately 253,979-square-feet. This Triple Net Leased Property was developed to be anchored by The Fresh Market grocery store. Woolbright Development jumped in the Naples NNN commercial real estate market with this property and started with a list of excellent tenants. Woolbright Development had acquired the 30-acre property from David Hocker & Associates with plans for the upscale grocery-anchored retail shopping center.

One of the reasons this Triple Net Leased Property probably sold was a foreclosure judgment. A Commercial Loan in the amount of approximately $53.7 million was a problem for the NNN Commercial Real Estate Owners. Apparently the judgment on the Triple Net Leased Property was sold for an amount that we are unaware of, to The Shoppes at Vanderbilt, LLC. The Naples Triple Net Leased Property was then transferred to The Shoppes at Vanderbilt, LLC through a recent foreclosure sale. A certificate of title for this Triple Net Leased Property was received by the Investors on March 18, 2011.

The blueprint started to fail with The Fresh Market, a North Carolina-based grocer, pulled out of its net lease because of construction delays at the Triple Net Leased Property. The NNN Commercial Real Estate Owners tried to nail down Ada’s Natural Foods Market to take Fresh Market’s place, however problems arose and that lease failed. The NNN Commercial Real Estate Owners struggled to sign net lease property tenants and to keep the ones that were in place. The retail shopping center was only about 33% leased at the time of acquisition.

The value-added Property, Collection at Vanderbilt should now be able to feature a mix of upscale national and local retailers, an Restaurants. The NNN Commercial Real Estate Owners have plans for the property with additions and improvements to landscaping and signage. They also will start to market a lease up campaign and to complete the interiors of vacant space in the Triple Net Leased Property. The largest Tenant at this The Triple Net Leased Property is currently Lifestyle Family Fitness. The Naples value-added Property has nine mixed-use buildings, retail net lease space and office space available for net leases.

The Triple Net Leased Property was designed by architect Marc Wiener from the Boca Raton, Florida area. The Collection at Vanderbilt has a beautiful Mediterranean-style design with an open layout, features large walkways creating a pedestrian friendly retail shopping center. The Triple Net Leased Property also has been uniquely designed for Restaurants with comfortable outdoor seating areas. The Triple Net Leased Property has an excellent location on the northwest corner of Vanderbilt Beach Road and Airport Pulling Road. This North Naples location for the Triple Net Leased Property has a close proximity to two Ritz-Carlton Golf Resorts.

The new NNN Commercial Real Estate Owners from Texas own second homes in the beautiful Naples area. The Texas partnership also acquired the two outparcels which are on Vanderbilt Beach Road and Airport-Pulling Road. The NNN Commercial Real Estate Owners from Texas now own 29.6 acres in Naples. This was the seventh commercial property acquisition for this Texas partnership.

The NNN Commercial Real Estate is positioned in the affluent Naples town, with an average household income of approximately $102,957 within a 5 mile radius. This sizable income is almost twice the national average. The Triple Net Leased Property also benefits form being situated in close proximity to the spectacular Greg Norman's Tiburon Golf Community and Pelican Marsh Community. This NNN Commercial Real Estate development is perfect for net lease Tenants with upscale boutiques, fine restaurants, and specialty shops.

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

Some NNN Properties examples:
• 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






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Texas Net Leased Property Lands Tenant

Dallas - Forth Worth, Texas - The Industrial Net Lease Properties keep hitting the news for commercial real estate investing. The latest net lease properties information involves Duke Realty Corporation. The Grand Lakes master-planned industrial park has landed a new net leased property Tenant. Duke Realty Corporation was able to sign up Keystone Automotive Industries for a portion of the Industrial Net Lease Properties in Grand Lakes.

Industrial Park For Sale

This Industrial Park is approximately 130 acres, located in the middle of Dallas and Fort Worth, Texas. The net leased property, Grand Lakes I, is approximately 755,399 square-feet of a state-of-the-art bulk warehouse facility. The Industrial net leased property is located in Grand Prairie, Texas, which is under 10 miles to the west of Dallas. Keystone Automotive Industries will have a net lease for approximately 167,999 square feet at Grand Lakes I, in the Texas industrial park. This new net lease will push the Grand Lakes industrial park to approximately 73% occupied. Keystone Automotive can keep their capital on hand rather than have to get a Commercial Loan to purchase the Texas Property.

Duke Realty Corporation is currently one of the largest commercial real estate companies in the Country. The commercial real estate firm, Duke Realty owns, manages, and develops industrial net lease properties, healthcare net lease properties, and office properties across the Country. The commercial real estate firm performs its rental operations through its subsidiary, Duke Realty Limited. The commercial real estate firm also offers services such as investment property and asset management, development, leasing and construction.

Strong Anchor Tenants

The commercial real estate firm landed a strong net lease property Tenant. Keystone Automotive offers one of the widest selections of replacement collision parts and supplies in the auto industry. This net leased property Tenant has been conducting business for over 50 years. Keystone Automotive provides an important cost-savings choice in a previously noncompetitive market, and is a heavily relied on Company for products in a slow economy. This net leased property Tenant, Keystone Automotive was purchased in 2007, by LKQ Corporation.

The Industrial Net Leased Property is at the address of 4003 Gifford Street, Grand Prairie, Texas with the zip code 75050. The Industrial net leased property opened its doors in later part of 2006. This net lease property deal will allow the Keystone Automotive to consolidate operations from two separate existing facilities in Dallas, to be at one location. This net leased property transaction provides Keystone Automotive with more square footage than the combined space of the existing locations. The net leased property Tenant, Keystone will make the move to the Texas Industrial NNN Commercial Real Estate this month.

This Texas Net Leased Property features:
• Bulk warehouse facility
• 32' clear ceiling height
• Trailer storage available
• 50' x 50' typical column spacing; 60' staging bay
• ESFR sprinkler system
• Building can be rail served by Union Pacific Railroad
• Excellent Highway access to I-30, I-35, SH 360 and Loop 12
• Triple Freeport inventory tax-exempt status; TIF District
• Tilt-up concrete exterior construction

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

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3 Net Lease Properties in Miami Beach Sold

Miami Beach, Florida - We have Net Lease Properties information from the what some refer to as the 5th avenue of the South, Lincoln Road. South Beach's redevelopment ramped up in the 1990's and became the Mecca of retail shopping, dining and exploded with a vibrant nightlife. This retail shopping center is an outdoor district which is full of stores, boutiques, art galleries, and museums. This Miami area of net lease properties covers almost ten-blocks, of which seven blocks of this mall have been closed to auto traffic. The Miami Beach Net Lease Properties news involves a Joint venture (JV) with Acadia Realty Trust and Terranova Corporation.

Terranova Corporation and Acadia Realty Trust has purchased three net leased buildings, along Lincoln Road, for $52 million. These three net lease properties are 741 Lincoln Road, 600 Lincoln Road, and 723 North Lincoln Lane in Miami Beach, Florida. The net leased Tenants currently at these properties include Starbucks for your coffee fix, Geox Shoes, and the Zagat-rated restaurants Sushi Samba Dromo and Tacontento. The Terranova Corporation will manage and lease the investment property portfolio which is approximately 61,143 square feet. The investment property portfolio sold for approximately $836 per square foot.

The net lease retail area of Lincoln Road is undergoing another growth spurt which recently welcomed the opening of the New World Symphony campus. The renowned architect Frank Gehry, designed the New World Symphony campus. This extraordinary commercial real estate development seeks to become a global hub for creativity, and a laboratory for generating ideas about how music is taught, performed, and experienced. More new top net lease property Tenants include Forever 21, Danny Meyer’s Shake Shack, and Rosa Mexicana. The street of net lease properties generates some of the highest per square foot sales in Florida and thrives as one of the only 24-hour retail destinations. Rumors have another major anchor Tenant negotiating a big net lease property deal for Miami Beach's Lincoln Road.

The net lease properties seller was La Ramblas, an entity that is controlled by commercial real estate developer Craig Robins. This net lease properties portfolio also has approximately 11,997 square feet of office space. This net lease office space is available above the quality restaurants currently signed to a net lease. The net lease property transaction included $32 million in cash and the buyers assuming a $20 million Commercial Loan. That commercial mortgage will not come due until about three and a half years from the closing.

The net leased properties at Lincoln Road are benefit from being situated at one of the most successful retail streets in Florida. The tremendous day and night-time retail foot traffic fuel the net lease properties sales and businesses.

Net Lease Properties Portfolio description:
A net leased property located at 600 Lincoln Road. This net lease property contains approximately 27,711 square feet of retail and office space over two stories. The Anchor tenants include Sushi Samba and Rancho Grande.

A net leased property located at 741 Lincoln Road. This net lease property is approximately 14,799 square feet of retail space in this building with two levels. The Anchor tenants include Starbucks, Geox Shoes and Miss Yip.

A net leased property that is located at 715 Lincoln Lane. The restaurant, Tacontento anchors the 18,857 square-foot property which is next to Macy's.

The Net Lease Properties Portfolio also came with approximately 39,012 square feet of commercial real estate development rights. This is a huge benefit as many Miami area retail destinations have declines in rental rates and lost tenants. The net leased properties at Lincoln Road see net lease rents increase due to Miami Beach competition.

The White Plains, New York-based Acadia Realty Trust sounds excited to jump into a Joint Venture with Terranova Corporation. This Florida Company, Terranova Corporation is one of Florida’s leading commercial real estate advisory firms. Terranova Corporation is involved with more than $1.4 billion in commercial real estate assets. These commercial real estate investments are managed for their clients and owns a respectable investment property portfolio. The net lease properties buyer, Terranova Corporation provides NNN Commercial Real Estate management, net leasing, tenant representation, dispositions, financing, construction management and development services.

Contact today for Net Lease Properties to purchase NNN Property or for 1031 exchange replacement properties in these areas and all across the Country.

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Boynton Town Center with Best Buy Sold for $59 Mil

Boynton Beach, Florida - Net Lease Properties news today is from an area we know very well, the Boynton Beach Net Lease Investment market. The Retail Power Center, Boynton Town Center has recently sold. Some reports have this Net Leased Retail Shopping Center as selling approximately 201,979 square feet. However, the commercial real estate developer, The Sembler Company, developed this net leased property as a total of approximately 399,916 square foot regional retail power center.

The Net Leased Property, Boynton Town Center is located at the northeast corner of N. Congress Avenue and Old Boynton Road. This net lease property sits in the heart of the Boynton Beach retail district. The net leased Retail Shopping Center consists of a wide variety of restaurants, retail, office and service oriented net lease tenants. This net leased property is currently approximately 92% leased.

The St. Petersburg-based commercial real estate developer Sembler Company sold the Boynton Town Center. The net leased property has SuperTarget, Best Buy, Total Wine & More and Michaels anchoring the center, but this transaction did not include the large SuperTarget store. The SuperTarget building is owned by Target Corp. and therefore not involved in this net lease property sale. We are not aware if this net leased proprty was involved in a 1031 Exchange.

The net leased property buyer was Morguard Investments. This net leased property buyer is currently based in Canada. The Retail Power Center had some of the net lease tenants opened their doors in 2007. The Net Leased Property is anchored by excellent Tenants, including SuperTarget, Best Buy and Michael's. Michaels’ took over approximately 23,407 square feet in this net leased property, opened late in 2009. Boynton Town Center is at the prime address of 1000 North Congress Avenue in Boynton Beach, with the 33426 zip code.

This net leased property, Boynton Town Center is a recently developed, high quality retail power center. As we see developable Land becoming very scarce in South Florida, this will be one of the last retail net leased properties developed in this area of Palm Beach County. A net leased property across the street had a Circuit City close down. That net leased property is now a Dick's Sporting Good retail store. Another NNN Commercial Real Estate Investment across the road had a quaint Borders Book Store close down. That Net Lease Property at 525 North Congress Avenue in Boynton Beach, Florida is now a store for Off Broadway Shoes.

The net leased property sold for $59 million. The Net Leased Property Seller was an affiliate of the Sembler Company. The Sembler Company has developed many architecturally beautiful retail shopping centers. Currently, the Sembler Company commercial real estate development company has been involved in over than 130 retail shopping centers. These net leased retail shopping centers have over 27 million square feet of retail space. The majority of these net leased properties are in the Eastern United States.

Some of the Net Leased Property Developments include:
• grocery anchored centers
• power centers and regional shopping centers up to 1,500,000+ SF
• mixed-use lifestyle centers
• banks and drugstores
• over 200 build-to-suits

The Sembler Company is known as a leader in the retail shopping center industry. The commercial real estate development company has received a variety of awards including:
• named by the Atlanta Business Chronicle as the Top Retail Commercial Real Estate Developer in Atlanta for eight consecutive years
• named 5th Fastest Growing Retail Developer in the United States by the Chain Store Age Magazine
• named 5th Fastest Growing Management Company in the United States by the Chain Store Age Magazine.

Boynton Town Center is a net leased property that truly benefits from its location. The net leased property sits between two significant residential developments to fuel the business of the net lease tenants here. Nearby is Renaissance Commons, which is a mixed-use development. This Mixed-use commercial real estate development is adjacent to the north and includes more than 1,000 residential units and has some retail net leases. The Net Leased Property will benefit in the future with an additional 2,000 units planned in a separate commercial real estate development.

The Boynton Beach Mall is situated just west of the Boynton Town Center net leased property. The Boynton Beach Mall was recently renovated and had additions to the retail shopping center. This area is very supportive of net leased properties as it is a densely populated area of Boynton Beach, Florida.

The net leased property, Boynton Town Center currently has the following net leased Tenants:

Anchors
SuperTarget
Best Buy
Michaels

Apparel & Accessories
Jos. A. Banks Clothiers
Payless ShoeSource
Shoe Carnival
Styles For Less

Health & Beauty
Hot Heads Salon
Massage Envy
Merle Norman - Coming Soon
Sport Clips
USA Spa Nails

Home Furnishings
Mattress Giant

Restaurants & Dining
Five Guys Burger & Fries
Jason's Deli 561-738-1820
Jimmy John's
Moe's Southwest Grill
Panda Express
Pollo Campero
Red Lobster (a new modern Restaurant theme)
Rotelli's Italian Restaurant
Shane's Rib Shack
Sweet Surrender

Service Providers
Gilman & Ciocia Tax & Financial Planning
Pearle Vision
PNC Bank - Coming Soon
RBC Centura Bank
Solantic Urgent Care

Specialty Shops
Hertz Jewelers - Coming Soon
Total Wine and More (an excellent store for wine enthusiasts)
Family Christian Stores
Game Stop

Contact Net Lease Properties to sell your net lease properties, or purchase NNN Property.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.



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Trinity Village Retail Shopping Center Sold in Florida

New Port Richey, Florida - Our Net Lease Properties information comes from the beautiful west coast of Florida. A net leased property, developed as a Retail Shopping Center was in a commercial real estate sale disposition. A Net Lease Properties Firm that which specializes in the disposition of retail properties. This Net Lease Properties Firm is very familiar in the greater Tampa Bay area and the property on the West Coast of Florida.

The net leased property, Trinity Village Center, sold for $9.5 Million. A California-based Private Investment Group purchased this Pasco County Net Leased Property. This location is deal for net lease properties, sitting on the busy corner of SR 54 and Duck Slough Road. Jefferson-Pilot Investments was the seller of this net leased property. Reports have the net leased property seller acquiring this retail shopping center from Trinity 54 LLC, last year, through a foreclosure action. We are not aware if this transaction was involved in a 1031 Exchange for the Buyers.

Trinity Village Center was developed by co-owners, David Nelson and Nelson Construction. These Commercial Real Estate developers were into this project from beginning to the end. This included the land acquisition, design, permits, construction, net leasing, and tenant build-out. These Commercial Real Estate developers were also involved in the on going management of this high end net leased commercial plaza.

This net leased property development phase was not easy as developers had to deal with the Pasco County Government branch and their ever changing permitting issues. The Commercial Real Estate developers also had to satisfy FDOT (Florida Department Of Transportation) and SWFMUD (Southwest Florida Water Management District). The net lease property benefited from experience with Brandon Construction of Palm Harbor, Florida being responsible for the excellent building construction. This net lease property also benefited with Nelson Construction performing all of the site work.

Trinity Village Center is net leased property that is approximately 72,543 square feet. This Florida retail shopping center is about 5 miles southeast of New Port Richey, in Pasco County. The net leased retail shopping center has the address of 10700-10740 SR 54 in New Port Richey, Florida with the zip code of 34655.

The net lease property was approximately 79% net leased at the recent closing. This retail shopping center features regional and national tenants that consists of Crispers, Five Guys Hamburgers, Bonefish Grill, IHOP (International House of Pancakes), and service providers AAA Auto Club South, and Synovus Bank.

Synovus Bank is part of the Georgia State chartered Synovus Bank. Synovus Bank is one of the largest community banks in the Southeast portion of America. Synovus Bank provides powerful banking solutions for customers which NNN Commercial Real Estate investors might not expect from a regional community bank.

Trinity is one of Pasco County’s most prestigious master-planned communities. This master-planned features upscale residential neighborhoods, schools, retail commercial zoned districts, recreation areas, and a new hospital is opening this year. The net leased property, Trinity Village Center was built in 2007 and has convenient Access and Visibility to SR 54.

Other Net Leased Property Tenants at the Trinity Village Center:

Trinity Urgent Care
Cabelo Salon
The Pampering Plumber
The Turtles Nest
The Medicine Shoppe
Trinity Pottery
Ramblin Rhodes Music
Smoothie King
Trinity Pet Spa
St. Peter the Apostle
Cold Stone Creamery
Ichiban Sushi
Ultimate Home Care
Material Girl 2

This net leased property has beautiful architecture, and very lush landscaping. This net leased property has strong demographics that has attracted upscale, unique businesses for Trinity Village Center. NNN Lease Property Tenants can lock down a Unit as only a few remain available. This Net lease Investment has nice visibility, exposure and ample parking for the Tenants and customers for this retail shopping center.

Contact Net Lease Properties to sell your net lease properties, or purchase NNN Property.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.



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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.

Arlington • Atlanta • Austin • Baltimore • Birmingham • Boise • Boston • Brooklyn • Central Illinois • Charlotte • Charlotte Uptown • Chicago • Chicago Downtown • Cincinnati • Cleveland • Clinton • Columbia • Columbus • Dallas • Denver • Des Moines • Detroit • Encino • Ft. Collins • Ft. Lauderdale • Ft. Worth • Grand Rapids • Honolulu • Houston • Indianapolis • Jackson • Jacksonville • Kansas City • Koreatown • Lafayette • Las Vegas • Little Korea • Little Rock • Long Beach • Los Angeles • Louisville • Madison • Manhattan • Memphis • Miami • Milwaukee • Minneapolis • Nashville • New Haven • New Jersey • New Mexico • Newport Beach • North Beach • Oak Brook • Oakland • Oklahoma City • Omaha • Ontario • Orlando • Palm Beach Gardens • Palo Alto • Philadelphia • Phoenix • Pittsburgh • Portland • Providence • Raleigh • Reno • Reston • Sacramento • Salt Lake City • San Antonio • San Diego • San Francisco • Santa Fe • St. Louis • Seattle • St Petersburg • Tampa Bay • Tucson • Vero Beach • Washington, D.C. • West Los Angeles • West Palm Beach • Williamsburg



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Tiger Direct Triple Net Leased Property in Illinois

Chicago, Illinois - Our Net Lease Properties news today is on a very unique net leased Tenant. A net lease investment sold with Tiger Direct as the net leased Tenant. TigerDirect (Tigerdirect.com) was established, in Miami, to serve the needs of computer users. TigerDirect is currently one of the industry's top computer and computer-product retailers. Their web site has been ranked among the New York Times' "Top 25 Online Retailers".

The net leased property seller was two investment Groups, Shorewood Development Group LLC and Oxford Development Partners LLC. The net leased property sellers received $6.1 million or approximately $182 per square foot for a NNN Retail Property. This NNN Lease Property was a former Circuit City retail property. This triple net lease property is located at 551 N. Milwaukee Avenue, in Vernon Hills, Illinois. Vernon Hills is approximately 35 miles north of Chicago. Vernon Hills is near the affluent town of Lake Forrest, Illinois. Lake Forrest has an extremely high median family income and median home price.

The triple net leased property Buyer was Samir Financial Services Incorporated. This triple net leased property is approximately 33,399 square feet and it is a single story, retail property. The former Circuit City retail property has Tiger Direct on a 10-year triple-net lease. This property was built in 1994. The net leased tenant, Tiger Direct, will benefit from a recent renovation of the property.

This NNN Lease Investment is a Free standing, Out-parcel to a power center with Home Depot, JoAnn, DSW, Bed Bath & Beyond, Ashley, Old Navy, Kohls & Sams Club. The triple net leased property is near the traffic light on Milwaukee Avenue, just south of Townline Road. A nearby Retail Shopping Center, the Hawthorn Mall is approximately 1 block away from the NNN Lease Investment with Tiger Direct.

The Marketplace at Vernon Hills is the nearby retail power center, originally developed as a Builders Square in 1993. In 1999, the excellent net lease tenant, Home Depot assumed the NNN Lease. The Marketplace at Vernon Hills was a value-add property and was expanded upon in recent years. We are not aware of any CTL Financing on this transaction.

The NNN Commercial Real Estate was originally developed as a Builders Square in 1993 and The Home Depot assumed the lease in 1999. Due to the age of the lease, The Home Depot's lease rate is significantly below market. The Power Center, NNN Lease property is on a parcel that is approximately 9.27 acres and has approximately 579 parking spaces on the Illinois Investment property. The Vernon Hills retail power center is in the heart of one of the strongest and most sought after retail trade areas in the Chicago area.

The Marketplace at Vernon Hills also is near Sam's Club and Kohl's which are located immediately to the south of the NNN Leased property. The Marketplace of Vernon Hills also has a fine tenant, and that is Caribou Coffee. This Caribou Coffee is located at 375 North Milwaukee in Vernon Hills. These NNN Lease Investments are in a established trade area with over 130,000 people with average household incomes exceeding $129,900 within a 5-mile radius.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.


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Best Buy Net Leased Property in Michigan

Marquette, Michigan - Our Net Lease Properties information today comes from the U. P., Upper Peninsula of Michigan. It is a rarity to get Net lease properties from upstate Michigan, although there are some prized properties up there. A net leased investment brokerage firm has recently helped with the sale of a single tenant net leased property (STNL). The net leased property buyer is a (REIT) real estate investment trust that is based in California.

Many NNN Commercial Real Estate Investors are in search of a sustainable revenue stream by renting the commercial property to a high quality tenant or Credit Tenant (CTL). This Michigan net leased property that sold was net leased to Best Buy. This net leased property sold for $4,952,000. The Michigan net leased property consists of a building that is approximately 30,119 square feet and is situated on approximately 4.90 acres. The seller of this Michigan net leased property was a Midwest private partnership.

The Tenant of this net leased property, Best Buy, had a highly anticipated opening just before the holidays of 2010. It was originally anticipated to open in 2009, although delays set in. This net leased property with Best Buy is situated in Marquette Township was generous, and presented the United Way with a check for $10,000. The Best Buy net lease investment is on the south side of US 41 at the well traveled Brickyard intersection. The net leased investment is near a newer Lowes commercial property and a future Tractor Supply store is proposed as a neighbor. We are unaware of any Commercial Loans on the net leased investment.

Our NNN Commercial Real Estate Investors are willing to purchase property with Investment grade tenants, long term net leases, in high traffic count areas. These Triple net lease properties are outstanding for 1031 exchange replacement properties.

Other Marquette net leased properties have Tenants such as Starbucks, Quiznos, Advance America, Papa Murphy's Pizza, H&R Block, and CitiFinancial. Pier One Imports, Michael's Arts and Crafts, Wal-Mart Super Center, Kohl's and Target are also nearby net leased tenants in the Marquette area. There is a nearby Retail Shopping Center called Westwood Mall. This Retail Shopping Center major tenants include JC Penney, Barnes & Noble, MC Sports, Jandron's Fine Jewelry and Radio Shack.

Commercial Real Estate investors in the acquisition or disposition of triple net lease properties, single-tenant and retail shopping centers, can contact Net Lease Properties Site.



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Walgreens Net Leased Property Sold in California

Los Angeles, California - We have Net Lease Properties news today on what could be the highest price paid for a net leased property with Walgreen's. Recent acquisitions of net leased properties with Walgreen's as Tenant have sold between $4 Million to $7 Million. This net leased property, single-tenant drugstore sold for $10,700,000 million which equates to approximately $1,367 per square foot. This NNN Commercial Real Estate transaction has closed before the completion of the project. NNN Commercial Real Estate analysts have reported that this is the highest price per square-foot, that was paid for a single-tenant net-leased drugstore property in the United States.

Recently, the Del Taco was situated at 6766 Santa Monica Blvd. however it was torn down for the new tenant Walgreen's. The Hollywood Del Taco on Santa Monica and Highland Avenue closed down on July 29, 2010 to make room for the net leased property with Walgreen's. This new net leased property with Walgreen’s is under construction on the site and with all things going as planned, would be finished in the early part of this year, 2011.

This new Walgreen's will have a different address than Del Taco. The high priced, net leased Walgreen's will have the address of 1050 North Highland Avenue, Los Angeles, California. The net leased property will sit in the Hollywood submarket of Los Angeles in the 90038 zip code. The Walgreen's net leased property will be on the southeast corner of Santa Monica Boulevard and Highland Avenue. This corner is a heavily trafficked area to help fuel triple net lease properties with retail foot traffic.

Some NNN Commercial Real Estate analysts felt this area was drab and needed a renovation of sorts. The Del Taco can make for a nice NNN Lease Investment however California investors wanted a bright, new Walgreen's instead of fast food. The net leased property seller was Village Properties Inc., who through our research was the wise investor to get Walgreen's to agree to this location. Village Properties Inc. is an experienced commercial real estate developer for Walgreen's.

Another point to show the value of this net lease investment is that Walgreen's does not have another drugstore near this location. This net leased property is situated in a smaller parcel of land than normal, for Walgreen's drugstores. This net lease investment is on a parcel that is approximately 18,357 square feet, therefore it will not have a drive-through. We are unaware of any Investment Property financing.

The Walgreen's net leased property site is on a prime, heavily trafficked Hollywood corner. Livermore Plaza is a San Francisco, Bay Area investor. The NNN Commercial Real Estate investor had mentioned that they are planning to hold the property for a long term investment. That could be very possible as Walgreen's has agreed to a 75-year-lease. That type of net lease agreement with a Credit Tenant helps to increase the value of the land, especially in a densely populated are like Los Angeles.

We have Investors seeking to buy your Triple Net Lease Properties, quality Class A office Buildings, multi-family apartment and Retail Shopping Centers with a quality grocery store anchor.

Also if you are a commercial real estate investor seeking a 1031 Exchange replacement property or a fundamentally sound NNN Lease investment, we can help you.


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