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
