Jacksonville, Florida – Today our information comes from Florida. Consolidated-Tomoka Land Company is a developer of commercial real estate in the Southeast United States. The Commercial Real Estate Developer has extended leases with tenants of net lease properties. Both of these Net Lease Investments are retail commercial properties in Florida.
The Commercial Real Estate Developer extended the lease for CVS Caremark Corp. in one of their Net Lease Investments. The Net Lease Property will undergo some expansion for CVS in its Tallahassee, Florida site. Amending an existing net lease to a 25-year term net lease was agreed upon by Landlord and Tenant. The amendment will reflect improvements to the net lease property which are expected to be completed in the second half of next year.
Consolidated-Tomoka, the Commercial Real Estate Developer also said it has agreed to a four-year net lease extension with Barnes & Noble. This Barnes & Noble is located in Daytona Beach. The net lease extension begins when the existing net lease is scheduled to expire in February. This Net Lease Investment, with Barnes & Noble as the Tenant is across from the Daytona International Speedway. This is one of the few Net Lease Properties with a large Book store in this area of Florida. Daytona Beach wears the moniker of car racing capital of the world.
We believe the 2 Net Lease Properties above have rent increases with the new net lease agreements. Both of these Net Lease Investments posses strategic locations and that played in the Tenants decision to extend the net leases.
Feel free to Contact us today 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 Property:
•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.