Charlotte, North Carolina – Our Net Lease Properties news for this morning comes from Charlotte, North Carolina. The Charlotte Metropolitan Statistical Area (MSA) is known as the NASCAR capital for many Racing Fans. A single tenant net lease property (STNL) which has the Tenant, Best Buy, was purchased. The net leased property seller was an experienced NNN commercial real estate investor from the Los Angeles, California area. At this time we are not informed if this single tenant net leased was a 1031 Exchange transaction. The single tenant net lease property sold for approximately $8.49 Million.
We see that many Net Lease Properties Analysts have predicted that the Mall Properties are becoming dinosaurs. Some of these Net Lease Properties Analysts believe that the hassle of Mall parking lots, the indoor shopping and other factors contribute to shoppers leaving the Retail Shopping Malls. These Net Lease Properties Analysts suggest NNN Commercial Real Estate Developments similar to power centers, community lifestyle centers and mixed-use properties. Other NNN Commercial Properties Investors still strongly support the Malls, such as the Boca Raton Mall, Palm Beach Gardens Mall, and others. We believe that NNN Commercial Properties Investors should have the freedom of choice.
A privately held commercial real estate investment firm negotiated this single tenant net lease property transaction for the Seller and the Purchaser. This NNN commercial real estate investment firm is very experienced in the Charlotte area and helped procure the sale of this single tenant net lease property. The triple net lease property is approximately 50,079 square-feet in North Carolina and leased to electronics store giant, Best Buy. The triple net leased property is situated on 5 acres of premier North Carolina retail land. This net lease property was constructed in 1994 and was recently renovated in 2002. The net lease investment has Best Buy signed up to a 20 year absolute “NNN” triple net lease that commenced in 2003.
We have many NNN Commercial Real Estate investors seeking a multitude of net lease commercial property types such as office buildings, industrial properties, medical office buildings (MOB) and triple net lease properties. This Best Buy property buyer is a real estate investment trust (REIT). The net leased property buyer purchased the property due to the properties strong retail fundamentals. Also, NNN Commercial Real Estate investors enjoy a net lease investment with a corporate guaranteed lease from Best Buy.
The triple net leased property buyer was able to assume existing Investment Property financing on the property that is being serviced by a major Bank. More and more real estate investment trusts (REITs) have become big players in the triple net lease properties market especially single tenant net lease properties.
Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:
- 24 Hour Fitness Net Lease Investments
- 7-Eleven Net Lease Investments
- Advance Auto Net Lease Investments
- Ahold Net Lease Investments
- Applebees Net Lease Investments
- Arbys Net Lease Investments
- AutoZone Net Lease Investments
- Burger King Net Lease Investments
- Chick-fil-a
- Costco Net Lease Investments
- CVS Net Lease Investments
- Delhaize Net Lease Investments
- Dollar General Net Lease Investments
- Dollar Tree Net Lease Investments
- Dunkin Donuts Net Lease Investments
- FedEx Net Lease Investments
- GoodYear Net Lease Investments
- hhgregg, Inc. Net Lease Investments
- Home Depot Net Lease Investments
- KFC Net Lease Investments
- Kohl’s Net Lease Investments
- Kroger Net Lease Investments
- Lowe’s Net Lease Investments
- McDonald’s Net Lease Investments
- O’Reillys Net Lease Investments
- Panera Bread Net Lease Investments
- Pep Boys Net Lease Investments
- Publix Net Lease Investments
- Rite Aid Net Lease Investments
- Safeway Net Lease Investments
- Shell Oil Net Lease Investments
- Staples Net Lease Investments
- Steak-n-Shake Net Lease Investments
- Taco Bell Net Lease Investments
- Target Net Lease Investments
- Verizon Net Lease Investments
- Walgreen’s Net Lease Investments
- WalMart Net Lease Investments
- Wendy’s Net Lease Investments
Feel free to Contact us to sell or purchase Net Lease Properties. If you are in need of funding for a Net Leased Property, Loanrise.com can assist you with CTL Financing or Commercial Loans.