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:
- 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 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.