San Marcos, California – Our information today is on a large Sale-Leaseback Transaction. Realty Income Corporation (Realty Income) recently announced that it has signed a purchase agreement to acquire 136 net leases properties, in the retail sector. The Investment Properties will be purchased for approximately $250 million. This Sale-Leaseback Transaction has properties that include long-term, “NNN” triple-net lease agreements.
The Triple Net Lease Properties are the type the Company already has in its Commercial Property portfolio. While Realty Income’s acquisition of these Triple Net Lease Properties is subject to a number of conditions, it is anticipated that the Sale-Leaseback transaction should close within the next few months. If the Sale-Leaseback Transaction closes, Realty Income expects to fund the purchase price with borrowings under its acquisition credit facility and/or cash on hand.
Realty Income Corporation apparently is pleased to have been able to sign this purchase agreement for the “NNN” Triple Net Lease Properties. This net-leased properties acquisition, if completed by year-end, will bring Realty Income Corporation’s total 2010 acquisitions to approximately $690 million. These net leased properties will help contribute to the continued stable stream of lease revenue. Realty Income Corporation is known for paying monthly dividends. They could use the income from the “NNN” Triple Net Lease Properties to keep up paying monthly dividends.
Leases that are triple net leases “NNN” are most desirable since the tenants are required to pay substantially all operating expenses. This includes all costs to maintain and repair the roof and structure of the building, and the cost of all capital expenditures, in addition to the base rent agreed upon.
Feel free to Contact us HERE 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.