Shippensburg, Pennsylvania – Our information for the day is on a worthy Tenant, Lowe’s. A Net Lease Investment that is a 171,069 square foot building, leased to Lowe’s has sold. This Net Leased Property is in Shippensburg, Pennsylvania and has sold for $17.55 million, or $103 a square foot. Shippensburg is approximately 155 miles west of Philadelphia.
Lowe’s has recently signed a 22-year Triple Net Lease agreement at this Investment Property. This Commercial Real Estate Site is located in a prime retail corridor in Shippensburg. The Net Lease Property is in a high-demand submarket, adjacent to a Walmart Supercenter and near a Kmart. The new ownership will benefit from Lowe’s strong credit rating and an average total return during the lease period of more than 21 percent.
This Triple Net Lease Property leased to Lowes is located at 250 South Conestoga Drive. Lowe’s is situated on approximately 30 acres. This Net Lease Investment was built in 2008, the property was sold with an assumable 22-year self-amortizing loan at 7.2 percent with 20 percent down.
Feel free to Contact us HERE to sell your existing Net Lease Properties portfolio. We have relationships with 1,000’s of commercial real estate investors interested in purchasing net lease investments. We provide tremendous marketing and exposure for your net lease properties, resulting in the highest pricing and quicker closings.
List of other Retail Single Tenants that may be available as a Net Lease Investment:
•AutoZone Net Lease Property
•Burger King Net Lease Property
•CVS Net Lease Property
•FedEx Net Lease Property (Federal Express Net Lease Property)
•Home Depot Net Lease Property
•Kohl’s Net Lease Property
•Kroger Net Lease Property
•Lowe’s Net Lease Property
•McDonald’s Net Lease Property
•Publix Net Lease Property
•Safeway Net Lease Property
•Staples Net Lease Property
•Target Net Lease Property
•Walgreens Net Lease Property
•Wal-Mart Net Lease Property
•Wendy’s Net Lease Property
If you are ready to purchase a Net Leased Property, Loanrise.com can assist you with CTL Financing or Commercial Loans or Non Recourse Loans.