Arbys Absolute NNN Ground Lease

Chicago, Illinois - We are looking at Arby's as Tenant for our Net Lease Properties information this afternoon. As our Net Lease Properties Investors see somewhat lower Cap Rates for McDonald's net leased properties and may want a larger return on their investment. We see that some Arby's and Burger King as Tenants for net lease properties are still giving steady returns on investments. We are reporting that a net-leased property with Arby's sold for $780,000. This Arby's net leased property is located at 5790 Belleville Crossing Street, in Belleville, Illinois.

Belleville is approximately 30 miles southeast of the Lambert-St.Louis International Airport which is at 4610 N Lindbergh Blvd in Hazelwood, Missouri. Belleville, Illinois is 295 Miles southwest of Chicago, the Windy City. The net leased property with Arby's is in the 62226 zip code which is situated in Saint Clair County.

This is an absolute NNN ground lease, with Arby's. This net leased property is a 3,300-square-foot, single-tenant property that sits on a little under one acre of land. This Arby's ground lease is located in front of Belleville Crossing. The retail property, Belleville Crossing is located at the intersection of Frank Scott Parkway and Highway 15. The Retail Shopping Center, Belleville Crossing, is a power center that is approximately 409,000 square-feet. The Retail Shopping Center is anchored by Home Depot and Target.

The net leased property seller is a private developer. The Buyer ended up with a capitalization rate of 7.5% for the net leased property. The net-leased tenant is an Arby’s franchise and they exercised its right of first refusal for the property. This type of property is a favorite of NNN Commercial Real Estate investors investor as it should provide a secure long-term income stream backed by a large national franchisee. Also a NNN Lease Investment property comes without any management responsibilities. As a Tenant being seen as responsible and able to pay on time, US Beef Corporation operates over 275 locations.

This NNN Lease Investment with Arby's Tenant, is about 12 miles southeast of Downtown St Louis. If you are not familiar with the ares, Highway 15 is the major commuter thoroughfare to St Louis and sustains a traffic count in the area of over 26,999 cars a day (VPD). Also triple net lease properties in the area benefit from a new $84 million High school that was completed across the street. That should present a great number of customers to purchase burgers at the local triple net lease properties with fast food tenants. Some of the National retail tenants in the area are Target, Home Depot, OfficeMax, PetSmart, Famous Footwear, Maurice's, Hibbett Sports, Qdoba, Hallmark, Mattress Giant, Payless Shoes, Verizon Wireless, Gamestop, Kecks Jewelry, Great Clips, and GNC. Some competition for the absolute NNN Ground Lease is Buffalo Wild Wings, White Castle, and Wendy's. Banking in the area can be done at Commerce Bank, and there are many other national retail tenants nearby.

When doing an NNN Commercial Real Estate Property search, it behooves you to search for properties with Assumable Debt. Look for an assumable Investment Property financing in place that matures not before 10 years. An Investment Property for sale offering an attractive Commercial Loan rate and is amortized and assumable, allows for unmatched benefits.

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

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CVS Net Lease Properties Portfolio Sold

Naples, Florida- We have a CVS portfolio deal to report on, for Net Lease Properties news. A Net lease property portfolio sold that was comprised of 13 single-tenant, net leased with CVS drugstores as the Tenants. This nationwide Net lease property portfolio was purchased by Cole Real Estate Investments of Phoenix. Cole Real Estate Investments is currently one of the nation’s most active investors buying quality, income-producing commercial real estate developments. Cole Real Estate Investments paid approximately $70 million for this Net lease property portfolio.

Cole Real Estate Investments prefers investing in Net leased properties which are single-tenant properties. This NNN Investment strategy is proven to be one of the best long-term options when investing in commercial real estate. Cole Real Estate Investments seeks net lease properties to achieve a relatively high percentage of total return from income. Also NNN Lease Investments are expected to exhibit a relatively low degree of price volatility.

Cole Real Estate Investments does invest in net lease properties portfolio so that the tenant, not the landlord, is responsible for the majority of or all costs of maintaining the property, including taxes and insurance. These net lease properties portfolios generally have occupancy rates that are over and above 90%. The Cole Real Estate Investments underwriting team performs extensive due diligence on all net lease properties. This is to ensure that they possess the core characteristics that Cole Real Estate Investments require for their commercial real estate investments. Cole Real Estate Investments strives for Long-term net leases to reduce the potential for major re-leasing during their projected property holding term.

This is an approximately 174,000 square-foot investment property portfolio with CVS drugstores. These CVS Net leased properties are located throughout California, Florida, Georgia, Kansas, Minnesota, Mississippi, New Jersey, New York, Oklahoma, South Carolina and Texas. These new CVS Net leased properties were opened in 2009 and 2010, and are leased with approximately 24-year triple-net lease terms. Given these facts, Cole Real Estate Investments should not have to think about leasing these net lease properties until 2035. Although at any point Cole Real Estate Investments can get into a 1031 Exchange with any or all of these triple net lease properties.

NNN Commercial Real Estate that is net-leased to national credit tenants are in high demand with high-net worth private investors and real estate investment trusts (REITs). The future availability of new CVS triple net leased properties could be getting slimmer. With news in the past year that CVS will decrease new store openings and they will focus on rival drugstore buyouts to compete with. There was no mention of assumable fully Amortizing Debt or Investment Property financing.

We can show additional reasons why NNN Commercial Real Estate Investors enjoy CVS as a net-leased tenant. This information below is from the the source at www.cvs.com:

CVS Caremark (NYSE: CVS) is the largest pharmacy health care provider in the United States. Through their integrated offerings across the entire spectrum of pharmacy care, they are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors, and their members. As one of the country's largest pharmacy benefit managers (PBMs), they provide plan sponsors and participants access to a network of over 62,079 pharmacies including more than 7,023 CVS pharmacy drugstores.

CVS Caremark has given employment to 200,016 people. As of September 30, 2010, CVS operated 7,149 retail drug stores, 569 MinuteClinic locations, 44 retail specialty pharmacy stores, 18 specialty mail order pharmacies, five mail service pharmacies, and the CVS.com and Caremark.com Web sites.

Company Highlights
More than $99 billion in annual revenue
Ranked 18th on Fortune 500 for 2010
No. 1 provider of prescriptions – more than 1 billion prescriptions filled or managed annually
75% of the U.S. population lives within three miles of a CVS (benefits NNN Properties)
Creditworthy tenants who provide a stable flow of income to triple net lease properties investors

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


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Virginia NNN Lease Investment Sold for $90 M

Falls Church, Virginia - We have Net Lease Properties information from northern Virginia, near the popular area Washington D.C. The property that sold is a triple net lease property that is currently occupied in by Noblis. Noblis is formerly known as Mitretek Systems, which was MITRE Corp. nonprofit organization. Noblis is occupying 100% of the "NNN" triple net lease property. Noblis is a nonprofit science, technology and strategy organization that serves state government and federal government agencies. Noblis also works with private healthcare organizations.

Franklin Street Properties Corp. sold the triple net lease property for $90 million, which equates to approximately $357 per square-foot. The NNN Lease Investment, 3150 Fairview Park, is a an eight-story property that has approximately 252,619 square feet of commercial office space. This triple net lease property has a three-level parking garage at the Fairview Park office development. The triple net lease property sits in Fairfax County, which is approximately 12 miles west of Washington, D.C. This Class A Office Building has a triple-net lease that continues through the end of January of 2017. The Virginia Car Insurance Company has researched this location for Office Space.

The triple net lease property is situated within close proximity at I-495 (Capital Beltway) & Rt 50. The NNN Property Fairview Park is a master-planned, self-sufficient business community. This gorgeous NNN Lease Investment is minutes from the business and financial centers that have established this dynamic northern Virginia area. The triple net lease property, Fairview Park is very close to the Dulles Airport and Washington National Airports.

Franklin Street Properties Corp. sold the triple net lease property for $90 million only 18 months after buying it for $73 million. Franklin Street Properties Corp. sold the triple net lease property, 3150 Fairview Park, to a fund managed by ING Clarion Partners.

Houston-based Hines developed this NNN Commercial Real Estate Development approximately 10 years ago. Hines is a privately owned, international commercial real estate firm that has provides quality, service and value to its clients and investors for over 45 years. Hines has a presence in more than 100 cities around the world and has investor relationships with many of the world's largest financial institutions. The commercial real estate firm has offices in 17 countries, with regional offices in Atlanta, Chicago, Houston (U.S. headquarters), London (European headquarters), New York and San Francisco, as well as many other American cities.

The Hines portfolio of commercial real estate developments underway, completed, purchased or managed for third parties consists of over 1,000 commercial properties. This Investment Property portfolio contains skyscrapers, corporate headquarters, mixed-use centers, industrial parks, medical facilities, and master-planned resort communities.

Hines sold the triple lease property, 3150 Fairview Park as part of a bulk portfolio to ING for $92.8 million. That commercial real estate transaction took place in the summer of 2004. The fund managed by ING held the Virginia Class A office Building for five years before deciding to sell the triple net lease property in 2009. It may sound like musical-chairs with a fantastic triple net lease property.

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

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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1031 Exchange in NNN Commercial Real Estate

St. Paul, Minnesota - The Net Lease Properties information today surrounds 1031 Exchange replacement property with triple net lease properties. We see that a 1031 Exchange was used for a net lease investment with Arby's as a tenant. This net leased property was developed in 2008 and is situated in Fort Wayne, Indiana. This net leased property was marketed as an 8% Cap rate but sold for $2.13 million. This sales price comes to approximately $706 per square foot for the net lease investment. This net leased property is a single-story, 3,016 square-foot building. The net lease investment for this 1031 exchange, has approximately 18 years remaining on its 20-year lease.

This net leased property sits at Orchard Crossing in Fort Wayne. The retail power center, Orchard Crossing, is anchored by Target and Gordmans. The Retail Shopping Center is located at Fort Wayne's primary retail intersection at the northwest corner of Illinois and Thomas Road. The Retail Shopping Center, with Arby's, is located across the street from both Jefferson Pointe and Apple Glen, retail power center. Jefferson Pointe is a lifestyle center that is approximately 600,170 square-feet, while Apple Glen is a 449,000 square-foot retail power center.

This net leased property and the retail shopping center benefit a high density, residential area, with a five mile population of 410,804 people. The Fort Wayne Arby's net lease investments is in an area with a median household income of approximately $48,479 per year. Many NNN Commercial Real Estate Investors seek Walgreen’s, Arby's, and CVS triple net leased properties in major metropolitan areas. This includes high net worth individuals, REIT's (real estate investment trust), and Joint Venture Investment Groups seeking single tenant (STNL) triple net lease properties.

Thompson Thrift Development, Inc. sold this Arby's net leased property for $2.13 million to Primo Maggio LLC & Oates Creek LLC. This net leased property purchased by Primo Maggio LLC & Oates Creek LLC is located at 4728 Illinois Road in Fort Wayne, Indiana. The net leased property has the 46804 zip code in Allen County. The net lease property is a 1031 Exchange replacement property for a tax-deferred transaction with a Pizza Hut property, in Mississippi.

The Triple Net Lease Property investor is in for an excellent opportunity to see exceptional returns. The Absolute NNN Corporate Lease has 5-year renewal options. The Triple Net Lease Property has the Tenant paying commercial real estate taxes and all property expenses. Some of the nearby retail properties are Super Wal-Mart, Lowes, Old Navy and Staples. The Traffic counts (VPD) has been reported to exceed 31,000 on this heavily traveled retail district.

Now we travel to St. Paul, Minnesota for further 1031 Exchange information with net lease properties. A 1031 exchange buyer purchased a Triple Net Leased Property with Walgreen's. The 1031 Exchange transaction was a single tenant, net-leased property that is located in St. Paul, the Twin Cities area. The triple net leased property was for approximately $5.9 Million. The Triple Net Leased Property is a 14,497 square foot building that is situated on a 1.18 acre net lease site.

The NNN lease property is 100% leased on a long term basis. This Tenant, Walgreen's, is one of the NNN Commercial Real Estate Investors most desired. The 1031 exchange property buyer was a private family trust that is based in California. The Triple Net Leased Property seller was a Midwest Walgreen's commercial real estate developer.

The Deerfield, Ill.-based Walgreen Co. has purchased Snyder’s Drug Stores. Snyder’s Drug Stores will cease to operate as a company, as Walgreen’s will buy the 25 company-owned Snyder’s stores. Some of the Snyder’s Drug Stores will be shut down and the prescription files of retail customers are transferred to nearby Walgreen's. Snyder’s Drug Stores was founded back in the year 1928 by Max Snyder. It started as a cigar store in downtown Minneapolis.

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

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



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Net Leased Properties with CVS & LA Fitness

Coral Springs, Florida - Our Net Lease Properties information today comes from southeast Florida. We searched for triple net lease properties in Florida for our Investors. An absolute NNN Lease Investment sold for $5.36 million. This sale price included the valuable commercial zone Land and the Building. This triple net lease property has a great Tenant, that is CVS. This net lease property with CVS was constructed in 2005. The net lease property has an absolute "NNN" lease that started in 2005 and terminates with CVS, in the year 2025.

This net lease contract has four separate five-year option periods, with rental increases between them. This triple net lease property is a freestanding, single-story building that is approximately 14,779 square feet. This triple net lease property has the drug store with a drive-thru that is situated on 1.77 acres. Bug Sky Properties LLC sold the triple net lease property for $5.36 million, which equates to approximately $362 per square foot. There is no news yet as to if this was a 1031 Exchange.

This absolute net leased property was purchased by KSY Family Revocable Trust. The triple net lease property has the address of 4701 Flamingo Road, Cooper City, Florida. The NNN Lease Investment is western Broward County with the zip code of 33330. The "NNN" triple net lease property sits at an intersection that is surrounded by a high daily traffic area. This area has plenty of people in the local area alone to support retail traffic for this absolute NNN Lease Investment.

Realty Income Corporation sold a South Florida net lease property for approximately $3.74 Million. Realty Income Corporation is a self-administered real estate investment trust (REIT) that purchases and manages commercial real estate. The majority of property that they purchase are free-standing single-tenant net leased properties. As with most NNN Commercial Real Estate Investors, Realty Income Corporation prefer leases to regional, national retail chains and (CTL) Credit Tenant Leases. Realty Income Corporation owns more than 2,257 retail net leased properties containing some 19 million leasable square feet.

Realty Income Corporation sold the South Florida net leased property to Coral Springs LAF LLC. This was one of many of Realty Income Corporation net leased properties in Florida. They also have various net leased properties in Texas, California and Illinois. The South Florida net leased property is located at 2633 N. University Drive in Coral Springs, Florida. Coral Springs sits in western Broward County in Florida. The net lease property is a one-story, retail building that was built in 1994. The Net Lease tenant is L.A. Fitness as they have a lease that continues with the new owners. The net leased property is 32,628 square-feet so the purchase price comes out to approximately $114 per square foot. Apparently there was no Investment Property financing reported for this net lease property transaction.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.



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Dillard's REIT and Sale-Leaseback Deals

Little Rock, Arkansas - We have information today on some REIT action involving Dillard's and Net Lease Properties. Dillard's has mentioned in a regulatory filing last week that they believe the formation of a REIT (real estate investment trust) may enhance their ability to raise capital and thus improve their liquidity. Dillard's would so a sale-leaseback with specific properties. Dillard's would transfer some properties to the REIT (real estate investment trust) and will then lease back with triple net lease terms.

As the economy continues to stumble, retail stores have struggled to stay afloat. As we mentioned in the past that many retail store companies have their main assets as commercial real estate holdings. With the exception of possibly Nordstrom, many retail department stores are still in need of capital. Commercial Real estate sale-leaseback deals are profitable and they can generate capital for immediate use for the business. The sale-leaseback unlocks the equity that is built up in your commercial real estate investments. Some financial analysts wonder if Dillard's is possibly trying to take advantage of the favorable market conditions that currently exist for (real estate investment trust) REIT's.

Dillard’s is still controlled by the Dillard family with Mr. William Dillard, II as the Leader. Although it is a publicly-traded company, the Dillard's name can draw investors for the REIT. It could be approximately 240 stores to be transferred into the REIT via a sale-leaseback. The Investors of the REIT could benefit from the steady income from the "NNN" triple net lease properties. Our NNN Commercial Real Estate Investors are actively seeking triple net lease properties. The Tenant, Dillard's in this case would be responsible for the rent, all taxes, insurance, and maintenance expenses. We also wanted to report that Dillard’s formed an insurance company, which is a wholly-owned unit to help efficiently manage their investment risks.

Dillard’s is a Little Rock, Arkansas-based company that has been in business for over 70 years. Their stores are anchor-tenants at many Retail Shopping Centers. Most of these Retail Shopping Centers are class-A and class-B regional shopping malls in many states in the east. Dillard’s competes at many Retail Shopping Malls with the likes of Kohl's, Macy's, Nordstrom and Bloomingdale’s. Dillard's commercial real estate portfolio currently consists of almost 300 stores. Dillard’s owns approximately 46.4 million square feet of retail space, with much of it in desirable retail locations. Some large shareholder at Target Corp. (TGT) had thought of a similar idea recently. A leader at Target thought to enter into commercial real-estate sale-leaseback deals whereas Target would dump the commercial land under its the retail stores, and end up with Ground Leases. Many NNN Commercial Real Estate Investors would favor these types of Ground Lease with Target however that deal is not in play. NNN Commercial Real Estate Investors might also look at Sears or J.C. Penney with a Sale-Leaseback and possibly absolute NNN Lease Investments or Ground Leases.

More history of these types of commercial real estate deals are when Steven Roth bought the bankrupt department store chain’s Alexander’s. The brilliant investor Steven Roth paid approximately $53 million for the deal and spun off its commercial real estate holdings into a REIT. That REIT is currently managed by the Vornado Realty Trust. Steven Roth had a very valuable asset attached in that deal and that was the Bloomberg Tower, in New York City. The Bloomberg Tower is a 1.4 million square-foot mixed-use property that is built on the site of a former Alexander’s store.

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

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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Net Lease Property Acquisition of AT&T Store

Wilmington, North Carolina - We have news on a unique Net Lease Properties transaction. This was a net lease property that was marketed as an opportunity to purchase a sparkling, brand new net lease investment with a net-lease corporately guaranteed by AT&T. Agree Realty Corporation was the investor who purchased this retail net leased property. This net leased property leased to AT&T is situated at the northwest corner of New Centre Drive and South College Road. The AT&T store was just recently constructed and opened in time for the Holiday season.

The newly constructed net leased property will replace the old AT&T location that was at 351 College Road. The new net leased property location is 314 S. College Road, in Wilmington, with the zip code 28403. AT&T wants to continue to expand on their services to the Wilmington, North Carolina community. This is a great retail market for AT&T. The commercial real Estate developer of the building reported that the building has a very coastal look with a modern stucco exterior. The Commercial Real Estate developer was considering building this net leased property with two stories but the tenant, AT&T wanted just one story. The new net leased property was built based on a LEED design with an upgraded storm water management system. Apparently the new AT&T net leased property is located in a flood prone area.

This relocation of the 351 College Road high-performing store is in the heart of Wilmington's retail district, and is very close to the University of North Carolina Wilmington. The University of North Carolina Wilmington has an enrollment of approximately 27,916. The new AT&T net leased property is also adjacent to a Verizon Wireless store at 318 College Road, in Wilmington. We are unaware if the net lease property buyer was able to assume existing Investment Property financing.

Agree Realty Corporation paid approximately $3.3 Million for this net leased property. The Net Lease Property was being marketed at approximately $3.5 Million at a 7% Cap Rate. The net lease site is approximately 32,551 Square Feet of an acre. The net lease building is 4,000 square-feet. The lease is NN (net-net) and the rent escalates by $5 per square-foot every 5 (five) years in this lease term. This net lease investment is approximately 3 miles from the Wilmington International Airport. The net leased property has a close proximity to tenants that include Lowe’s, Sam’s Club, Best Buy, Staples, Applebee’s, and our coffee hook up at Starbucks. The Average Daily Traffic Counts currently exceeds 60,999 (VPD) to benefit NNN Commercial Real Estate.

This net lease property corporately guaranteed by AT&T is in a thriving coastal community and tourist area. Reports have more than 57,000 people living within 3 miles. The Wilmington - Wrightsville Beach area has exploded recently with retail traffic, becoming one of the premiere vacation destinations in the North Carolina and the Southeast.

Wilmington is a city in New Hanover County and the county seat. This net lease property will benefit from a metropolitan area with an estimated population of over 343,000 people. Wilmington is located in the southeastern corner of North Carolina between the Cape Fear River and the bodacious Atlantic Ocean. The city has of the largest motion picture and television studios outside of Hollywood. Film production invariably plays an important role in Wilmington's dominance. Wilmington has an industrial base that includes electrical, medical, electronic and telecommunications equipment. They also thrive with clothing and apparel, food processing, paper products, and pharmaceutical business. Wilmington’s economy and local triple net lease properties definitely benefit from tourism, with its close proximity to the ocean which gives plenty to seafood lovers.

Some information on the net lease Tenant, AT&T Inc. (NYSE: T). AT&T Inc. is the seventh largest company in the US by total revenue. AT&T is currently the largest provider of local and long distance telephone services, and DSL Internet access. Also, AT&T is the second largest provider of wireless service in the United States, with approximately 85 million wireless customers, and more than 149 million total customers and growing.

In 2010, AT&T sat comfortably on the list of the 50 Most Admired Companies by FORTUNE magazine. AT&T Inc. was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November of the year 2005. The name change of the net lease Tenant came as the result of a merger with AT&T Corporation. The parent company was founded in 1983 and is based in the great city of Dallas, in Texas.

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



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