Huntington Beach, California – Orange County, California presents many quality NNN Commercial Real Estate opportunities. Some of the NNN Commercial Real Estate is Single Tenant Net Lease Retail Properties, Multi-Tenant, Retail Shopping Centers, and Industrial Property to invest in. We went to the O.C. (Orange County) for a recent Investment Property Search for trending Commercial Real Estate. We did a search for NNN Commercial Real Estate leased to Lowe’s, Target, Walmart and Kohl’s. We found some old Mervyn’s sites being converted to commercial real estate leased Property with Kohl’s. Kohl’s planed to open up at four former O.C. Mervyn’s stores in September and hold the grand openings soon there after.
The California Commercial Properties with Kohl’s are in:
*Cypress – located at the corner of Ball Road and Valley View Street
*Fullerton – located at Bradford Avenue and Yorba Linda Boulevard
*Huntington Beach – at Adams Avenue and Brookhurst Street
*Tustin – at Irvine Boulevard and Holt Avenue (great location for NNN Commercial Real Estate with Kohl’s as tenant)
California Investment Property Portfolio
Kohl’s Department Stores is a subsidiary of Kohl’s Corporation. Kohl’s Department Stores had acquired 31 locations from Mervyns LLC, which is liquidating assets under bankruptcy, in 2008. Also Kohl’s acquired leases to 31 Mervyn’s locations, including those in Fullerton, Huntington Beach and Tustin. Later, Kohl’s secured five more Mervyn’s commercial properties after the auction. This brought the total number of California Investment Property Portfolio to 36 buildings. The Cypress location is among those additional five developments. We never heard a formal announcement about these additional leases from Kohl’s. Kohl’s said it’s unable to disclose exact square footage of these stores, but that across its store base nationwide. These Commercial Properties range from about 64,000 to 87,000 square feet. Mervyn’s stores averaged 80,000 square feet. Mervyn’s filed for Chapter 11 bankruptcy protection in July 2008, but eventually closed all 175 stores, including the 13 in Orange County. Many investors are showing preferential treatment to Orange County of Los Angeles.
Buying Investment Properties
NNN Commercial Real Estate Investors always seek to develop and deploy a cutting-edge commercial real estate strategy for investing. Unlike other investments, NNN commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 exchange. We would like to point out that the total purchase price of the 1031 exchange replacement property must be equal to or greater than the total net sales price of the relinquished, commercial property. When properly conducted, a 1031 Exchange with NNN Commercial Real Estate can relieve investors of landlord headaches and defer capital gains simultaneously.
Feel free to Contact us for purchase or disposition of NNN Commercial Real Estate. Also we highly recommend Commercial Real Estate Investors use a quality financing specialist for CTL Financing, Mezzanine Loans and Commercial Loans. We can refer a lending professional so you can take advantage of the healthy growth of the credit tenants in Florida.