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NNN Leased Properties with Grocery Anchor Tenants

Miami Beach, Florida – Our NNN Commercial Real Estate news for the week is on an enormous Net Lease Properties Portfolio transaction. We saw that Equity One, Inc. (EQY symbol) has entered into a Net Lease Properties deal to sell Retail Shopping Centers for $473.1 Million. The Seller, Equity One, Inc. is a commercial real estate owner, net lease properties developer and operator of retail shopping centers. The NNN Commercial Real Estate staff read that Equity One, Inc. will dispose of 36 retail shopping centers consisting of somewhere around 3.9 million square feet. Equity One, Inc.is based out of sunny North Miami Beach, Florida.

Net Lease Properties and Retail Shopping Centers

The purchaser of the Net Leased Retail Shopping Centers happens to be Blackstone Real Estate Partners VII. The NNN Property Buyers, Blackstone Real Estate Partners VII will acquire the retail Shopping Centers that happen to be predominantly located in the Southeast. The NNN Commercial Properties portfolio appeared to be about 91% net leased as of recent reports. The Seller is blessed to sell the entire Net Lease Properties portfolio.

NNN Commercial Real Estate Investments

This NNN Commercial Real Estate Investment Portfolio should close soon, in the fourth quarter. This is not surprising as we have many Net Lease Properties Investors and Investment Groups seeking Retail Shopping Centers. The net leased Retail Shopping Centers with grocery stores are particularly attractive. The NNN Commercial Properties with supermarkets and Grocery Stores as Anchor tenants are being observed as a safe investment. Given that the economy is still slumping, many NNN Lease Property Investors think that People are eating at home more often now, thus shopping at Publix, Kroger or Whole Foods Markets and others.

Exit Strategy for NNN Leased Properties

The seller had these NNN Leased Properties with Grocery Anchor tenants encumbered by Commercial Loans and the combination or aggregate principal balance of these Commercial Loans is around $176.9 million from recent reports. The Seller of the NNN Investment Properties plans to make usage of the cash from this sale to payoff financial obligations. The NNN Leased Properties Seller can also use the remaining money to help finance their redevelopment pipeline, and for potential acquisitions.

NNN Commercial Real Estate and REITs

The real estate investment trust known as Equity One specializes in the acquisition, asset management, development and redevelopment of quality retail net leased properties. The retail shopping centers being sold sit Atlanta, Tampa and the Orlando Commercial real estate markets. They do have some NNN Commercial Properties situated in North Carolina, South Carolina, Alabama, Tennessee and Maryland. The Chief Executive of Equity Ones has mentioned that the REIT has decided to concentrate its portfolio in the urban retail markets of Miami Beach near the Florida Life Insurance Company. The Life Insurance polices go hand in hand with Commercial Real Estate Investments. Equity One, Inc. is going after the Northeast Commercial Real Estate market including New York, and Boston. The NNN Commercial Real estate markets in San Francisco and Los Angeles could see action from the REIT.

Below is a short list of a few of the NNN Commercial Property Developments:

Retail Shopping Center  –  Property Area   –  Net Lease Properties Tenant

The Shops at Lake Tuscaloosa  in Tuscaloosa, AL  – Publix
Winchester Plaza in Huntsville, AL  –  Publix
Bay Point Plaza in St. Petersburg, FL   –  Publix
Carrollwood Center in Tampa Bay, FL  –   Publix
Sunrise Town Center in Sunrise, FL   –  LA Fitness – Office Depot – Wal-Mart
Keith Bridge Commons in Cumming, GA   –  Kroger
Belfair II in Bluffton, SC   –  Steinmart

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