Tucson, Arizona – Today we visit the southwestern region of the United States for triple net lease properties. One of best Credit Tenants for Triple Net Lease Properties, Walgreen’s is in our sights today. We found a Triple Net Leased Property sold in Tucson, Arizona. This “NNN” Triple Net Leased Property was purchased by 7201 S Figuerola, LLC. The NNN Lease Investment is located at 7111 E. Golf Links Rd. in Tucson. The Seller of this Triple Net Leased Property was Royal Investors Group. Royal Investors Group received $5 Million, or roughly $324 per square foot for this “NNN” Triple Net Lease Property.
We believe that “NNN” triple net lease properties are most desired. A NNN Investment Property with No Landlord responsibilities whatsoever is one of the fastest growing products for Investment Property Portfolios. This Tucson NNN Investment Property is a 15,413 square-foot single-story retail building leased to Walgreen’s. The Triple Net Lease Property was built in 2008. This Net Lease Investment is situated in the Desert Square Shopping Center. The Desert Square Retail Shopping Center is on the Northeast corner of Golf Links & Kolb Road. This Retail Shopping Center, Desert Square is very well-located on Tucson’s southeast side. There are currently several great spaces available in a variety of sizes. This is a great opportunity for a retailer to lease property in a very high trafficked area. Properties such as this described investment is ideal for a 1031 Exchange.
Our Investment Property Search revealed another “NNN” Triple Net Leased Property in the Tucson area. We were a little late as it is under contract. This Net Lease Investment is a freestanding absolute “NNN” single-tenant Walgreen’s property. This Triple Net Lease Property is also located in Tuscon, Arizona. This Triple Net Leased Property is a new Walgreens with a corporate, NNN lease. Walgreens (NYSE: WAG) is rated A+ by Standard & Poor’ s.
Some additional aspects for this Net Lease Investment is that it is an outparcel to Target Greatland. This “NNN” Triple Net Leased Property is surrounded by dense residential development as well as a strong mix of national retail Tenants. These Net Lease Tenants include Pier One, Fry’s, Ross, Bed Bath & Beyond, Office Max, Petco, Dress Barn, Subway and Starbucks.
Triple Net Lease Properties & Commercial Loans
Feel free to Contact us HERE to purchase various net lease investments. Also Contact us HERE to sell your existing Net Lease Properties portfolio. We have relationships with plenty 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 considering purchasing a Net Leased Property, Loanrise.com can assist you with CTL Financing or Commercial Loans or Non Recourse Loans.