Boca Raton, Florida – Our Net Lease Properties investors are seeking NNN Lease Properties, in sale-leaseback transactions and also for 1031 Exchange replacement properties. We have news on a NNN Property trade in Florida. A privately held commercial real estate investment firm helped procure the sale of an investment property portfolio of retail net lease properties. This single tenant net lease (STNL) retail property portfolio is currently net-leased to Office Depot. The commercial real estate investment firm represented the buyer of the net lease properties and the seller of the properties.

The net lease property Tenant, Office Depot, Inc. is a global supplier of office products and services. The company was incorporated in back in 1986 as they had the opening of their first retail store. The first net lease property for Office Depot was in Fort Lauderdale, Florida. Currently, the net lease property Tenant, Office Depot, Inc. has their Corporate Headquarters address at 6600 North Military Trail in beautiful Boca Raton, Florida. In fiscal year 2010, Office Depot, Inc sold over $11.5 billion of products and services to consumers and businesses of all sizes.

When it comes to franchisee tenants, NNN Commercial Real Estate investors are focused on understanding the operators financial reports. These triple net lease properties in this portfolio have an excellent Tenant, with Office Depot. This Investment Property portfolio contains two net leased properties sites, both of these are located in Florida. The Net Lease Properties portfolio sold for a combined price of $6.6 Million. These two, investment properties are leased on an absolute “NNN” triple net basis, the premier type of net lease. The initial net lease term was 20 years with an absolute “NNN” triple net lease basis, with about 8 years remaining.

One of the net lease investments is approximately 29,943 square feet, and is a single story retail building. This net leased property was completed by commercial real estate developers in 1998. The triple net leased property is on the northwest corner of W. Granada Blvd. and Orchard Street, in Ormond Beach. The net lease property address is 405 W Granada Street, in Ormond Beach, Florida, with 32174 as the zip code.

This area of Ormond Beach, near Daytona Beach is a premium location for NNN Lease Properties. This Florida net lease investment location is a signalized intersection, a favorite for NNN Property Investors. This area of Florida has a wide range of net lease property in the area with Tenants that include Arby’s, Taco Bell and Wachovia Bank. Other net lease property tenants in this immediate area of Ormond Beach are a Winn Dixie Supermarket, Subway Sandwich Shop, Golds Gym, Ace Hardware, Michelin Tire Store, Domino’ s and many other national and local tenants. Another NNN Lease Investment tenant in this area is Wendy’s. This location of Ormond Beach benefits from approximately 32,112 Cars Per Day (VPD) in a recent Traffic Count.

The seller of the triple net lease properties portfolio is a private investor, and is based out of California. The triple net leased property portfolio was sold to a NNN Commercial Property investor who was in a 1031 exchange. The 1031 Exchange Investor is also based out in California. The NNN Commercial Property buyer was able to assume existing Investment Property financing which had an attractive interest rate. This NNN Commercial Real Estate transaction gave an excellent cash on cash return to the 1031 Exchange Property Buyer.

Recently we saw the extension of unemployment benefits and the Bush tax cuts extension has helped the economy but some think this is temporary. Many of our Net Lease Properties Investors would like to see the Bush Tax cuts become permanent, not just the 2 year extension which was granted. If the Bush tax cuts were made permanent, it help to release capital that is sitting on the sidelines. This action would help many factors of the economy and promote retail triple net lease properties.

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

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