Search for NNN Properties
u

Net Lease FAQ

1031 Exchange

Sale Leaseback

Kentucky NNN Commercial Real Estate News

Lexington, Kentucky – We have NNN Commercial Real Estate news from the Bluegrass Country of Kentucky. Our NNN Commercial Real Estate news is on a 1031 Exchange with a petite, defunct Mall in Lexington. A commercial real estate development known as the Lexington Mall recently sold and was in a 1031 Exchange. The commercial real estate Seller used the 1031 Exchange to defer the capital gains tax. The 1031 Exchange is one of the single, greatest Wealth Building strategies that we have in America today.

Apparently the Lexington Mall was sold for $8.1 million for the 1031 Exchange. The commercial real estate Seller, Saul Centers, came out with a handsome profit of $3.59 million to put towards their 1031 Exchange replacement property. The commercial real estate sellers, Saul Centers was reported to apply the $3.59 million profit and an additional $7.4 million in cash to buy a 1031 Exchange replacement property. The 1031 Exchange replacement property is approximately 20,112 square feet near a subway station for retail foot traffic. The new commercial real estate that was acquired is a retail net leased property in Montgomery County, Maryland.

Saul Centers, Inc. is a self-managed, self-administered equity commercial real estate investment trust. This Commercial Real Estate Investment Company was started in 1993 and is headquartered in Bethesda, Maryland. The Commercial Real Estate Investment Company operates and manages a commercial real estate portfolio of over 50 net leased retail shopping centers and office properties consisting of more than 8.5 million square feet of leaseable space.

The Commercial Real Estate Investment Company has approximately 80% of their cash flow coming from commercial properties in the metropolitan Washington, D.C. area and the Baltimore area. The Commercial Real Estate Investment Company, Saul Centers has plans to supplement its internal growth strategy through new commercial real estate developments. The Commercial Real Estate Investment Company seeks acquisitions of operating commercial properties when attractive investment opportunities are presented to them.

The Southland Christian Church was the buyer of the Lexington Mall. There is no report if they were in a 1031 Exchange from a separate property sale. As with some Malls, once a big Anchor departs, many smaller Tenants follow suit. Well, at this 1031 Exchange Property, Dillard’s department store moved out in 2005 and the Mall Occupancy rate blew up after that. Applebee’s and Perkin’s restaurants are the lone survivors at the 1031 Exchange property in Kentucky.

There were a number of offers on the Commercial Real Estate Development and it eventually closed with the $8.1 million purchaseprice. The commercial property has benefits such as its size, proximity to downtown business district, and it is situated on a major set of highways. The new Owners, Southland Christian Church has been reported to want to cap off the property and use the commercial property for a satellite church.

The Lexington Mall commercial real estate development is around US 25/US 421 (Richmond Road). The commercial real estate development was built in 1975. After the Kentucky net leased property was up and running for a few years it had 100% of the space leased and some stores lead the Country in sales. The Lexington Mall commercial real estate development had major competition from the Fayette Mall in 1993. The Lexington Mall manager at that time reported that the NNN commercial real estate development would be renovated by 1995, however that commercial property renovation never took place.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property Investments.

We recommend NNN Commercial Real Estate Investors use financing specialists from Loanrise.com for CTL Financing, and Commercial Loans.

7 Eleven NNN Commercial Real Estate • 5 & Diner NNN Commercial Real Estate • Ace Hardware NNN Commercial Real Estate • American Apparel NNN Commercial Real Estate • Anytime Fitness NNN Commercial Real Estate • a pea in the pod NNN Commercial Real Estate • AT&T NNN Commercial Real Estate • Banana Republic NNN Commercial Real Estate • Bank of the Ozarks NNN Commercial Real Estate • Bed Bath & Beyond NNN Commercial Real Estate • Bengal Coast NNN Commercial Real Estate • Baja Grill NNN Commercial Real Estate • Black Finn NNN Commercial Real Estate • Boater’s World NNN Commercial Real Estate • Boi Na Braza NNN Commercial Real Estate • Bone Daddy’s NNN Commercial Real Estate • Bonefish Grill NNN Commercial Real Estate • Books-a-Million NNN Commercial Real Estate • Boudreaux’s Cajun Kitchen NNN Commercial Real Estate • Brooklyn’s Old Style Pizzeria NNN Commercial Real Estate • Broyhill Furniture NNN Commercial Real Estate • Brusters Real Ice Cream NNN Commercial Real Estate • Buckhead Saloon NNN Commercial Real Estate • Buffalo Wild Wings NNN Commercial Real Estate • Burger King NNN Commercial Real Estate • buybuy Baby NNN Commercial Real Estate • Cadillac Bar NNN Commercial Real Estate • Cafe R&D NNN Commercial Real Estate • Casual Male NNN Commercial Real Estate • Catherines NNN Commercial Real Estate • Cellular Planet NNN Commercial Real Estate • Charming Charlie NNN Commercial Real Estate • Chase Bank NNN Commercial Real Estate • Chelsea’s Kitchen NNN Commercial Real Estate • Cici’s Pizza NNN Commercial Real Estate • Claire’s NNN Commercial Real Estate • Compass Trading Co NNN Commercial Real Estate • Cork NNN Commercial Real Estate • Cozymel’s NNN Commercial Real Estate • Dallas Fish Market NNN Commercial Real Estate • Deluxe Nail Salon NNN Commercial Real Estate • Destination Maternity NNN Commercial Real Estate • Dollar Tree NNN Commercial Real Estate • Dougherty’s Pharmacy NNN Commercial Real Estate • Draper’s & Damon’s NNN Commercial Real Estate • DSW Shoes NNN Commercial Real Estate • Dunkin’ Donuts NNN Commercial Real Estate • East Wind NNN Commercial Real Estate • Equinox Fitness NNN Commercial Real Estate • Ethan Allen NNN Commercial Real Estate • Eurotazza Coffeehouse NNN Commercial Real Estate • Evolution Tans NNN Commercial Real Estate • Eyecrafters NNN Commercial Real Estate • EZ Money NNN Commercial Real Estate • Faces 365 NNN Commercial Real Estate • Famous Footwear NNN Commercial Real Estate • Fantastic Sams NNN Commercial Real Estate • Fashion Bug NNN Commercial Real Estate • Fish City Grill NNN Commercial Real Estate • Fish Express NNN Commercial Real Estate • Floyd’s 99 Barber Shop NNN Commercial Real Estate • Freed’s Furniture NNN Commercial Real Estate • GAP NNN Commercial Real Estate • GNC NNN Commercial Real Estate • Go Fish NNN Commercial Real Estate • Golden Corral NNN Commercial Real Estate • Gold’s Gym NNN Commercial Real Estate • Golfsmith NNN Commercial Real Estate • Goodfella’s Pizza & Pasta NNN Commercial Real Estate • Grandy’s NNN Commercial Real Estate • Great Clips NNN Commercial Real Estate • Grotto NNN Commercial Real Estate • Guitar Center NNN Commercial Real Estate • Hallmark NNN Commercial Real Estate • Hawk Electronics NNN Commercial Real Estate • Hibashi Teppan Bar & Sushi NNN Commercial Real Estate • Hoffbrau Steaks NNN Commercial Real Estate • Houston’s Restaurants NNN Commercial Real Estate • Howl At The Moon NNN Commercial Real Estate • InkStop NNN Commercial Real Estate • Iron Cactus NNN Commercial Real Estate • Jack-in-the-Box NNN Commercial Real Estate • Jamba Juice NNN Commercial Real Estate • JC Penney NNN Commercial Real Estate • Jersey Mike’s Subs NNN Commercial Real Estate • Jo~Ann Fabrics NNN Commercial Real Estate • Jos. A. Bank NNN Commercial Real Estate • K&G Menswear NNN Commercial Real Estate • Kenny & Ziggy’s NNN Commercial Real Estate • Kona Grill NNN Commercial Real Estate • LA Fitness NNN Commercial Real Estate •