Dallas, Texas – Our NNN Commercial Real Estate news for Memorial Day is on a large NNN Commercial Property Portfolio selling. The San Antonio-based USAA Estate Company has recently sold a valuable Single Tenant Net Lease Property Portfolio (STNL) for approximately $46.7 million. The Single Tenant Net Lease Property Portfolio Buyer is the experienced Oak Brook-based, The Inland Real Estate Group of Companies. One of the Net Leased Properties that was involved in this transaction was the Capital One Bank branch which is located in Houston. Our NNN Commercial Properties Investors were very attracted to this net leased property sitting at 12650 Tomball Parkway.
The NNN Investment Property portfolio does consist of 16 retail net leased properties with a combined total of approximately 118,157 square feet. The Inland Real Estate Group of Companies acquires these net leased properties which are situated in 15 different NNN commercial real estate markets. These retail NNN Commercial Properties are spread out through the Country including properties in Florida, more specifically Orlando, Pensacola, Port St. Lucie and Tampa Bay. The remaining retail NNN Commercial Properties are positioned in Atlanta, Minneapolis, St. Louis, Charlotte, North Carolina and Portland, Oregon; Columbia, S.C.; Dallas, and other metropolitan statistical areas (MSA).
Our NNN Commercial Real Estate research sees a tenant list that includes AT&T, Bank of America, Capital One Bank (a NNN Lease Property on our list for investments), CVS pharmacy, Verizon and Walgreen’s Net Leased Commercial Properties. These Net Leased Properties have been excellent investment properties for USAA Estate Company. This NNN Commercial Real Estate investment firm had their investment strategy to hold these NNN Properties for a period of time. As many NNN Commercial Real Estate Investment firms work, they hold the NNN Lease Investments for a specific period of time and then move on to further acquisitions, build-to-suit and development opportunities.
There was another NNN Lease Investment, in this Investment Property Portfolio, which our NNN Commercial Real Estate Investors were attracted to. This Net Lease Investment is located at 2520 Hemphill Street, in Fort Worth, Texas with the zip code of 76110. This NNN Lease Investment Property has Dollar General as the Tenant. The net lease is guaranteed by the Dollar General Corporation. The net lease property tenant, Dollar General Corporation, is a $10.6 billion company. This major Net Lease Property Tenant operates over 8,497 retail discount stores in 35 states.
This Dallas NNN Commercial Property is positioned between Interstates 20 and 30 within close proximity to bustling Downtown Fort Worth. This NNN Commercial property is close to the Texas Christian University. This Net Lease Investment leases 100% of the building to Dollar General. This Net Lease Investment Property has approximately 9,112 square feet and was recently built in 2010.
This NNN Commercial Real Estate development has a fifteen-year, modified net lease with a 10% rent bump in the eleventh year. This Net Lease Investment sits on approximately 44,475 square feet of Texas land. This area of Fort Worth is home to the Historic Stockyards, entertainment, Museums, and a growing downtown area. Net Lease investments in this area benefit as Fort Worth expands with more premier companies, and life insurance companies relocating to the Dallas – Fort Worth metropolitan statistical area.
The Net Lease Investment Properties included in this Investment Property portfolio are:
5439 W Loop 1604 N, San Antonio, TX, 6,974 square foot retail building built in 2010;
804 Providence Road, Brandon, FL , 7,045 square foot retail building built in 2003;
1335 Town Centre Dive., Eagan, MN, 5,285 square foot retail restaurant built in 1993;
2520 Hemphill Street, Fort Worth, TX, 9,112 square foot retail building built recently in 2010;
1840 SW Gatlin Boulevard, Port St Lucie, FL, 2,049 square foot retail fast Food building built in 2009;
3003 Monroe Way, Monroe, NC, 4,499 square foot retail building built recently in 2010;
2448 Semoran Boulevard, Apopka, FL, 2,936 square foot retail bank building built in 1986;
9040 W Good Hope Road, Milwaukee, WI, 15,119 square foot retail drug store building built in 2000;
12650 Tomball Parkway, Houston, 5,302 square foot retail bank (community center) building built in 2008;
2831 S Ferdon Boulevard, Crestview, FL, 3,469 square foot retail general freestanding building built in 2010;
9171 SE 82nd Avenue, Portland, OR, 4,700 square foot retail bank (neighborhood community center) building;
1614 Lawrenceville Highway, Lawrenceville, GA, 6,997 square foot retail freestanding, single tenant property built in 2007;
5414 Telegraph Road, St. Louis, 14,518 square foot retail drug store building built in 2003;
10052 Two Notch Road., Columbia, SC, 10,162 square foot retail restaurant (community center) building, built in 2002;
543 E FM 3040, Lewisville, TX, 5,911 square foot retail restaurant (power center) building built in 2005;
19202 Blanco Road, San Antonio, TX, 13,813 square foot retail drug store that was built in 2003.
Contact Net Lease Properties to sell your triple net lease properties, or to purchase NNN Property.
