A few other Commercial Real Estate properties purchased are Walgreen’s Net Leased Properties. One of the Walgreens is located in Barbourville, Kentucky. The property has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,212,500 at an approximate cap rate of 8%. This property is a freestanding retail under a bond lease to Walgreens (A+ S&P credit rating).
Another Net Lease Walgreens purchased is in Corbin, Kentucky, This Walgreens has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,181,250 at an approximate cap rate of 8%.
One more Net Lease Investment with Walgreens as Tenant, is also located in Corbin, Kentucky. This Net Lease Investment is near Cumberland Gap Parkway and has approximately 13,650 square feet of gross leasable area. This Net Lease Investment was purchased for a total of $3,526,238 at an approximate cap rate of 8%. This Commercial Real Estate Investment is also a freestanding retail investment under a bond lease to Walgreen’s.
Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. This is a wise strategy for Net Lease Investments.
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.
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.