Bend, Oregon – “NNN” Triple Net Lease Properties has information on an investment property from Oregon. An Illinois based investment company has purchased the Kohl’s net leased property, building and land for $17 million.
Inland Real Estate Acquisitions, Inc acquired the 69,000-square-foot freestanding retail building in Bend, Oregon. This net lease investment is occupied by Kohl’s Department Stores, Inc., a subsidiary of Kohl’s Corporation (“Kohl’s”).
Kohl’s Department Stores occupies the property on a net lease that extends through 2030, with multiple renewal options.
The new owner, Inland Real Estate Acquisitions, holding Kohl’s 20 year lease and believe that Bend will grow making the property a good investment property.
The surrounding demographics are outstanding for net lease investments, with high incomes and a 5-mile population over 86,000 people. This net lease property is also the only Kohl’s within a two hour drive.
This newly built net leased property is located within Bend River Promenade. Bend River Promenade is a recently-redeveloped shopping center with tenants that include Macy’s, Sears and T.J. Maxx. Not including the Kohl’s building, River Bend Promenade totals approximately 252,000 square feet for net leases.
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