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Atlanta, Georgia – Net Lease Properties are a great example for creating wealth through commercial real estate ownership. We have news on an Investment Property Portfolio containing quality Net Leased Properties. The purchaser of these Net Leased Properties is an affiliate of Inland Diversified Real Estate Trust, Incorporation.

Inland Diversified Real Estate Trust Inc. strives to purchase exceptional NNN commercial real estate property located in the United States and Canada. Inland Diversified Real Estate Trust has also accumulated money making REIT’s (real estate investment trust) and various other commercial real estate operating and investment companies. The Inland Real Estate Investment Corporation is based in Oak Brook, Illinois. This Commercial Real Estate Investment Company has headquarters on Butterfield Road in the exclusive district of Oak Brook.

Inland Diversified Real Estate Trust Inc. has an excellent strategy with the knowledge and ambition to a obtain triple net lease properties or Companies which own NNN commercial real estate properties. The various type of preferred Commercial Real Estate Investments are listed as:

•retail properties (CTL – Credit Tenants Leases are preferred)
•office buildings and high rise Office Towers
•Apartment Building Complexes, multi-family properties, University student housing properties
•industrial properties, distribution centers and warehouse facilities with net leases
•lodging and hotel type properties
•medical office buildings (MOB’s) and healthcare-related facilities
•triple net lease properties, (STNL) single tenant net lease properties

The most recent purchase for Inland Diversified Real Estate Trust, Inc. is the Investment Property Portfolio with Dollar General as the net lease property Tenant. This Investment Property Portfolio consists of nine separate net lease properties with Dollar General leases. The Net Lease Properties Portfolio has the assets situated in prime areas of Alabama and Georgia. The net lease properties in the Investment Property portfolio consists of between 8,979 and 10,639 square feet of space for net leases. These Dollar General net lease properties are new as they were constructed in 2009 and 2010. The total square footage of the net lease properties portfolio purchase was approximately 82,820. The annualized base rent is $716,189, or about $8.67 per square foot. The Dollar General net lease properties portfolio was successfully acquired for $8.5 million.

Each of these net lease properties sites are 100% occupied by Dollar General Corporation (“Dollar General”). Also these net leases are pursuant to an original (15) fifteen year, (NNN) triple net lease that does not expire until the year of 2025. These net lease properties have net-lease terms in the contract which are renewable for (five) five-year terms. These renewable terms are available for the Tenant, Dollar General. Through our research we were unable to find information on the Net Lease Funding or Commercial Loans for these NNN Properties.

Sherwin Real Estate, Inc. was the seller of the Net Lease Properties portfolio described above. There was not much information on the Net Lease Properties Seller and their previous acquisitions. Sherwin Real Estate, Inc. sold this Net Lease Properties Portfolio with an average cap rate per property, of 8.15%. This is an attractive cap rate for NNN Lease Properties acquisitions. Also these Dollar General net leased properties can be a wise choice for your next 1031 Exchange replacement property. Dollar General is a Strong Net Lease Property Tenant and recently had a ‘BB-’ Standard & Poors Rating.

There was previous Net Lease Properties news for Inland Real Estate Acquisitions, Inc making moves back in September. Inland Real Estate Acquisitions, Inc had purchased a 69,000 square-foot freestanding retail building in Bend, Oregon. That net lease investment is currently occupied by a high quality Tenant, Kohl’s Department Stores. The net lease property Tenant, Kohl’s Department Stores, Inc. is a subsidiary of Kohl’s Corporation (Kohl’s). Inland Real Estate Acquisitions’ September purchase has Kohl’s Department Stores occupying 100% of that Oregon commercial real estate property with a net-lease that extends through 2030. That net lease property with Kohl’s has a contract with multiple renewal options to appease any net lease Tenant.

Commercial Real Estate Acquisition Criteria

Below are some factors to consider when evaluating whether to purchase a NNN Investment Property or to acquire any Commercial Real Estate.

• geographic location and current property type;
• condition, zoning and use of the property;
• historical performance and current and projected cash flow;
• potential for capital appreciation on value-added property;
• potential for economic growth in the area where the property is located;
• presence of existing competition and potential future competition;
• prospects for liquidity through sale, financing or refinancing of the property; and
• possible 1031 Exchange and tax considerations.

Contact Net Lease Properties to purchase Commercial Real  Estate in the areas listed below and all across the Country.

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 • Troy • Tucson • Vero Beach • Washington, D.C. • West Los Angeles • West Palm Beach • Williamsburg • Yonkers

 

Palm Bay, Florida – We have scoured the State of Florida for any Grocery-anchored Retail Shopping Centers. We found a recent commercial real estate transaction in Palm Bay, Florida. A net leased, Retail Shopping Center in Palm Bay, sold for $14.25 million. Palm Bay is approximately 110 miles north of the West Palm Beach, Florida. The area of Palm Bay and Melbourne are capable of growth for Triple Net Lease Properties once the economy improves. The northern Florida Palm Bay area has more land that can be used for New Developments for National Tenants. Palm Bay economy is diverse but it is still somewhat dependent upon the space exploration programs and associated businesses.

The Retail Shopping Center that sold was Palm Bay West. The net leased property, Palm Bay West is approximately 263,343 square-feet of space for leasing in this retail shopping center. This net leased investment was constructed in 1989. The purchase price $14.25 million for this net leased property was not involving Investment Property financing as it was an all cash deal. This Florida Retail Shopping Center was approximately 91% leased at the time of sale.

This Florida retail shopping center, Palm Bay West is located at the intersection of Malabar Road and Minton Road. This net lease investment has gross leasable area signed up with a major tenant, Winn Dixie Grocery Store. Other net lease property Tenants at this Retail Shopping Center are Bealls Department Store, Ace Hardware, Dollar Tree, and there is a 10-screen theatre.

Some NNN Commercial Real Estate investors see Bealls as a similar Tenant to a Kohl’s, JC Penney. The net leased Tenant Bealls is a privately held company, rich in tradition. The net leased tenant, Bealls is owned by the founding family and its employees. Bealls Department Stores was founded in 1915 and they currently operate about 80 store locations in the state of Florida. Bealls also has the ability to conduct business online through in addition to BeallsFlorida.com.

This Property is one of the largest retail shopping centers in the western Brevard County. The retail shopping center is centrally situated to help serve the future growth of the western Palm Bay community. The traffic counts are approximately 19,111 (cars per day) CPD on Minton Road and 19,379 CPD on Malabar Road.

The seller of this Retail Shopping Center was Edens & Avan. The net leased investment seller, Edens & Avan is a private commercial real estate investment company based in Colombia, South Carolina. Currently We receive many requests for Grocery-anchored Retail Shopping Centers with Publix and Kroger. However, Winn Dixie has a long history in Florida for grocery store chains. The buyer of this net lease property was a New York-based limited liability company.

This retail shopping center with Winn Dixie as an anchor tenant signifies a demand for an alternative to the Publix anchored NNN lease properties. Also with CTL Financing available for triple net lease properties and retail shopping centers, this market is still an excellent market for investing. These types of net lease investments are also excellent choices for a 1031 Exchange replacement property. Net Lease Properties can be purchased individually or on a portfolio basis.

Contact Net Lease Properties to purchase Commercial Real  Estate all across the Country.

 

Alexandria, Virginia – We have information on our two favorite topics, Net Lease Properties and the 1031 Exchange. Commercial Real Estate Investors should use a proper company that handles 1031 exchanges. This will allow the investor to sell the current investment property, place all the proceeds from the sale with that 1031 exchange company. At that point the Commercial Real Estate Investor must buy a 1031 Exchange replacement property of like kind within the mandatory time period. When conducted properly, a 1031 Exchange allows investors to trade up, diversify, leverage or relocate their investments.

We have information to report an Investment Property Portfolio. Our research found six net lease properties with the highly desired Credit Tenant Walgreen’s, have sold. The latest NNN lease investment which sold was the Alexandria, Virginia transaction. This NNN Lease investment sold at approximately $10.5 million. NNN Commercial Real Estate Brokers put together the deal for this 14,416 square foot net leased property.

This net lease investment houses a 24-hour Walgreen’s drugstore in Alexandria, located not far from Washington D.C. The net leased property sales price came to approximately $730 per square foot. There continues to be an increased demand for well located and stable retail NNN Lease Properties, especially for 1031 Exchange replacement properties.

The Seller of this net lease property was PACE-Beacon Hill LLC. The Buyer of the net lease properties was a New York-based private investor. This net lease property and five others represented a nice Investment Property Portfolio in the Washington, D.C., metropolitan area. We are seeing single-tenant, net leased properties with national credit tenants are the most desired investments. These triple net lease properties are sought after by high-net worth commercial real estate investors and well-funded REITs (real estate investment trust) for acquisitions. We read that one of the net leased properties in Alexandria, with Walgreen’s, sold for more than the listing price.

The triple net lease properties for this commercial real estate deal are:

• 6717 Richmond Highway in Alexandria, Virginia: 14,416 square foot net leased property; $10,575,000 or $730 per square foot

• Boswell Avenue and Richmond Highway in Alexandria, Virginia.: 14,469 square foot net leased property; $7,900,000 or $546 per square foot

• 5585 Twin Knolls Road in Columbia, Maryland: 14,799 square foot net leased property; $6,071,428 or $410 per square foot

• 326-328 Amherst St. in Winchester, Virginia: 13,200 square foot net leased property; $5,863,013 or $444 per square foot

• 6400 Hoadly Road, Manassas, Virginia: 14,550 square foot net leased property; $7,600,000 or $522 per square foot

• 498 Ritchie Highway, Severna Park, Maryland; 14,784 square foot net leased property; $9,532,087 or $645 per square foot

One major factor for the expedited sales of Washington, D.C.’s NNN Lease Properties are a current healthy employment market. This point helps make it one of the top-performing retail net leased property markets in the country. NNN Commercial Real Estate Investors are especially focused on the (STNL) single-tenant net-lease sector. Alexandria is approximately 5 miles south of the Airport, located at 2605 S Clark Street in Arlington, which is the Ronald Reagan Washington National.

Commercial Real Estate investors in need of acquisition financing, a refinance, or re-development financing for NNN Retail, and Single-Tenant net lease properties can get financing with Commercial Loans at Loanrise.com.

Feel free to Contact us to sell or purchase various Net Lease Properties.

 

Middletown, Delaware – A Net Leased Property with Walgreen’s as the Tenant was acquired. A Commercial real estate development company, Insalaco Development Group purchased a NNN leased property in Middletown, Delaware. Insalaco Development Group is a family owned, commercial real estate development company. This commercial real estate development company is based in Northeast Pennsylvania.

Insalaco Development Group is the Developer/Owner of various commercial real estate projects including retail strips centers, triple net lease properties, office and warehouse space. The Insalaco Development Group was formerly the owner / operators of a 14 store supermarket chain. With this type of retail experience, they understand the needs of retailers and so they strive to meet the needs of retail net leased tenants. Westown Town Center LLC was the seller of this NNN Lease Investment.

Insalaco Development Group latest triple net leased property acquisition was for $5.925 million, or approximately $400 per square foot. This Triple Net Leased Property is located at 700 S. Ridge Ave. in Middletown, Delaware. The triple net lease property is 14,820-square-foot retail building is located on Route 301. Middletown is approximately 29 miles north from the Dover Air Force Base, in Dover, Delaware.

The NNN Lease Investment was built in 2009 and sits on approximately 2.27 acres in Delaware. The best part of this Triple Net Leased Property acquisition is the Tenant, Walgreen’s. Walgreen’s fully occupies this triple net leased property with a recently signed 25-year, triple-net lease. The Tenant, Walgreen’s is just going into its second year of their “NNN” triple net lease.

Insalaco Development Group has some great retail shopping centers. One of their retail shopping centers is Eagle’s Glen Shopping Plaza. This retail shopping center is located in East Stroudsburg, Pennsylvania. They have some net leased property Tenants such as Big Lots, Citi Financial, Penn National Gaming (OTB), Blockbuster Video, Amici Pizza & Pasta, Rent-A-Center, Malcolm’s Salon, Chinese Buffet, and Subway. Another favorite Tenant of net lease properties investors is CVS Pharmacy.

Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

Feel free to Contact us to sell or purchase various Net Lease Properties or a replacement property for a a 1031 Exchange.

If you are in need of funding for a Net Leased Property, Loanrise.com can assist you with CTL Financing.

 

Las Vegas, Nevada – Our news today is from Las Vegas about a retail building with a triple net lease. A retail building that was formerly occupied by Walgreen’s was purchased in Las Vegas. The commercial real estate developer Sahara Crossing LP bought the NNN lease property that is located at 4580 W. Sahara Avenue in Las Vegas, Nevada. This triple net leased property sits on approximately 6.14 acres, and sold for about 24% less than its original asking price.

The 14-year-old triple net leased property was also once leased to Tower Records and The Good Guys, the electronics seller. These Tenants leasing the property both filed for Chapter 11 bankruptcy protection, leaving the once popular 61,125-square-foot venue in limbo. The triple net lease property buyer continues doing new developments if they make sense. However, the economic downturn created many opportunities to acquire distressed investment properties.

The seller of the triple net lease property was Facchino Properties, Inc. They received $5.3 million, or about $87 per square foot for this triple net leased property. The NNN net lease property was built in 1996. The triple net leased property was about 50% leased at the time of the sale. The current triple net lease Tenant is Fresh and Easy Market. The current tenant, Fresh and Easy Market, is currently signed for 20 years on a triple-net lease. The net leased tenant, Fresh and Easy Market, occupies over 30,500 square feet of this triple net leased property. Fresh & Easy, hasn’t opened yet in this triple net leased property but continues to pay rent.

Sahara Crossing LP, a Juliet-led entity, and Vancouver, British Columbia-based partner Titanstar Capital Corp. (en entity with TitanStar Properties Inc.), bought this triple net leased property. Juliet plans to attract new tenants to this triple net leased property while upgrading the property. They may also divide the remaining space into two or three stores to generate more income on triple net lease property investment. This triple net lease property can be viewed as a value-added investment by splitting the space or adding on to the Building. The new NNN Property Owner can increase the Net Operating Income (NOI) with value-added property. These types of triple net lease investments, that are value-added properties, can make for a great 1031 Exchange.

TitanStar Properties Inc. operates in the NNN commercial real estate sector for investments. TitanStar Properties Inc. has a 50% interest in the Deer Springs Property that is located in Las Vegas. TitanStar Properties Inc., through their (JV) joint venture with Juliet Companies, LLC, also owns and develops the Sahara Property, a commercial retail property located in Las Vegas, Nevada. TitanStar Properties Inc. is currently based in Vancouver, Canada.

Juliet is responsible for retail shopping centers such as Lake Mead Crossing at Lake Mead Parkway and Water Street in Henderson. The company frequently deals with large Corporate tenants, national retailers like Target, Marshall’s and Bank of America. Big Lots last month opened a 21,000-square-foot store inside Juliet’s net leased property, Blue Diamond Crossings in southwestern Las Vegas.

We offer single tenant, net leased properties located on primary thoroughfares in heavy retail corridors. Also recommended are Triple Net Lease Properties with No Landlord responsibilities in a strong retail area with an above average household income and long term net leases. These Triple Net Lease Properties can be purchased individually or on a portfolio basis.

Feel free to Contact us to sell or purchase various Net Lease Properties. If you are in need of funding for a Net Leased Property, Loanrise.com can assist you with Investment Property financing.