Net Lease Properties | # 1 Site for Net Lease Properties
Search for NNN Properties
u

Net Lease FAQ

1031 Exchange

Sale Leaseback

Kragen Auto Parts in Net Lease Investment

Oakland, California – Net Lease Properties site has some California Bay Area, NNN Properties news. We have many NNN Lease Investment Buyers looking for high quality quick service (fast food restaurants) NNN properties for their Investment Property Portfolios. Another type of Net Leased Property Tenant to consider are Auto Parts Stores. AutoZone, O’Reilly Auto Parts Stores and other Auto Supply net leased properties have turned into a favorite of some NNN Commercial Real Estate investors.

We want to report that a NNN Property transaction from Oakland involved Equitas Investments, who are based in the Hermosa Beach, California area. Equitas Investments purchased a single tenant net lease property (STNL), that has a superior high traffic location. This triple net leased property might have been difficult for NNN commercial real estate investors to see the real value. As this (NNN) triple net leased property had approximately only two years remaining on the net lease term. As we realize that many of our NNN commercial real estate investors desire long terms net leases, Equitas Investments jumped on this NNN Lease Property deal.

The seller of this NNN Lease Investment happens to be a charitable trust. This Net Leased Property has Kragen Auto Parts as the Tenant. This NNN Lease investment in Oakland, was marketed for approximately $1.8 Million. The triple net leased property was originally acquired from the NNN commercial real estate developer back in 1997. The NNN lease Investment has approximately 8,112 square feet of leaseable space with this retail property. The Net Lease Property sits on a lot size that is about 32,079 square feet.

The short term net lease presented Equitas Investments the opportunity to buy the NNN property at fair price, lower than had it been a 12 year plus net lease term. As we mentioned above the NNN Lease Investment was marketed at $1.8 Million but the closing price was not mentioned. Also, there was not information as to if the Seller of this NNN lease property was part of a 1031 exchange transaction.

This California triple net leased property is a freestanding building that is currently net leased to CSK Auto Inc. which has the Kragen Auto Parts store in the building. Kragen O’Reilly Auto Parts Company also talked that they would be receptive of renewing the net lease. The net lease property tenant, O’Reilly Auto is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the entire Country. This Company was founded in 1957, and had previously operated over 1,825 stores prior to the merger with Kragen Auto Parts.

This California NNN Property deal is an absolute NNN lease whereas the Tenant pays all taxes, insurance,and maintenance of interior and exterior of the structure. The Triple Net Leased Property Tenant is also responsible for the parking lot upkeep and paving. The Tenant has expressed interest in a new lease now. O’Reilly Automotive, Inc. had announced the purchase of Kragen – CSK Auto, Inc. on April 1, in 2008. O’Reilly Automotive, Inc. has the Nasdaq Symbol: ORLY.

Many Commercial Mortgage Lenders do not like to lend on Net Lease Properties with very short lease terms. This is why NNN commercial real estate buyers need to be able to pay all cash, or have their Investment Property financing previously arranged from other sources. There is a benefit for this Triple Net Leased Property and as this property sits at the signalized intersection of two of the most highly trafficked thoroughfares in Oakland. This triple net lease property is only a short distance from Oracle Arena and McAfee Coliseum, which are home to the Oakland A’s and NFL Oakland Raiders.

Equitas Value Company is an affiliate of Equitas Investments, LLC and were established on the same core values of integrity, honesty, and trust. Equitas Investments and Equitas Value (referred to as “Equitas”) are both exclusively focused on small to mid size retail commercial real estate. They believe that an asset class is ready to compete favorably against other asset types. This strategy is over the long-term pursuit of risk adverse, generational core commercial real estate with stable cash flow growth opportunities. They also invest in value add properties with significant profit potential through repositioning, releasing and redevelopment.

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

7 Eleven Net Leased Property • 5 & Diner Net Leased Property • Ace Hardware Net Leased Property • American Apparel Net Leased Property • Anytime Fitness Net Leased Property • a pea in the pod Net Leased Property • AT&T Net Leased Property • Banana Republic Net Leased Property • Bank of the Ozarks Net Leased Property • Bed Bath & Beyond Net Leased Property • Bengal Coast Net Leased Property • Baja Grill Net Leased Property • Black Finn Net Leased Property • Boater’s World Net Leased Property • Boi Na Braza Net Leased Property • Bone Daddy’s Net Leased Property • Bonefish Grill Net Leased Property • Books-a-Million Net Leased Property • Boudreaux’s Cajun Kitchen Net Leased Property • Brooklyn’s Old Style Pizzeria Net Leased Property • Broyhill Furniture Net Leased Property • Brusters Real Ice Cream Net Leased Property • Buckhead Saloon Net Leased Property • Buffalo Wild Wings Net Leased Property • Burger King Net Leased Property • buybuy Baby Net Leased Property • Cadillac Bar Net Leased Property • Cafe R&D Net Leased Property • Casual Male Net Leased Property • Catherines Net Leased Property • Cellular Planet Net Leased Property • Charming Charlie Net Leased Property • Chase Bank Net Leased Property • Chelsea’s Kitchen Net Leased Property • Cici’s Pizza Net Leased Property • Claire’s Net Leased Property • Compass Trading Co Net Leased Property • Cork Net Leased Property • Cozymel’s Net Leased Property • Dallas Fish Market Net Leased Property • Deluxe Nail Salon Net Leased Property • Destination Maternity Net Leased Property • Dollar Tree Net Leased Property • Dougherty’s Pharmacy Net Leased Property • Draper’s & Damon’s Net Leased Property • DSW Shoes Net Leased Property • Dunkin’ Donuts Net Leased Property • East Wind Net Leased Property • Equinox Fitness Net Leased Property • Ethan Allen Net Leased Property • Eurotazza Coffeehouse Net Leased Property • Evolution Tans Net Leased Property • Eyecrafters Net Leased Property • EZ Money Net Leased Property • Faces 365 Net Leased Property • Famous Footwear Net Leased Property • Fantastic Sams Net Leased Property • Fashion Bug Net Leased Property • Fish City Grill Net Leased Property • Fish Express Net Leased Property • Floyd’s 99 Barber Shop Net Leased Property • Freed’s Furniture Net Leased Property • GAP Net Leased Property • GNC Net Leased Property • Go Fish Net Leased Property • Golden Corral Net Leased Property • Gold’s Gym Net Leased Property • Golfsmith Net Leased Property • Goodfella’s Pizza & Pasta Net Leased Property • Grandy’s Net Leased Property • Great Clips Net Leased Property • Grotto Net Leased Property • Guitar Center Net Leased Property • Hallmark Net Leased Property • Hawk Electronics Net Leased Property • Hibashi Teppan Bar & Sushi Net Leased Property • Hoffbrau Steaks Net Leased Property • Houston’s Restaurants Net Leased Property • Howl At The Moon Net Leased Property • InkStop Net Leased Property • Iron Cactus Net Leased Property • Jack-in-the-Box Net Leased Property • Jamba Juice Net Leased Property • JC Penney Net Leased Property • Jersey Mike’s Subs Net Leased Property • Jo~Ann Fabrics Net Leased Property • Jos. A. Bank Net Leased Property • K&G Menswear Net Leased Property • Kenny & Ziggy’s Net Leased Property • Kona Grill Net Leased Property • LA Fitness Net Leased Property •