Net Lease Properties & Triple Net Leased Commercial PROPERTY
Tampa Bay, Florida – Again we travel to the Florida western world coast for our Net Lease Properties information. This recent commercial real property transaction is a sale-leaseback. A Tampa Bay Investment Group negotiated the sale-leaseback in the Tampa Bay commercial real estate market. 14.5 million. This world wide web lease properties purchase shut and the sale-leaseback proceeded to go into impact then. The net lease property seller, Tower Radiology, proceeded into a 15-year net lease agreement with Broadstone.
Tower Radiology will net rent all four of the commercial properties that had sold. Quite a few NNN Commercial Real Estate investors would like Institutional-grade medical office buildings (MOB) that offer long-term online leases. Triple Net lease properties provide investors with high quality medical office properties, providing steady income, and a prospect of capital appreciation.
The majority of sale-leaseback deals have been on investment quality or near investment grade companies. This makes the NNN Commercial PROPERTY Buyer feel safe to have well-established net leased Tenants and reliable income channels. Net leased Properties with drug store Tenants are promoted with an average cover rate of 7 nationally.2% for a few Walgreen’s and CVS.
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15 million range. These medical office structures can be options if you are in a 1031 Exchange. We have information on the four properties in this deal which was organised as a sale-leaseback transaction. These four commercial properties are stand-alone medical workplace that range between 7,523 to 17,543 square-feet. You will find two of the medical office buildings positioned in Tampa Bay, at at 4719 N. Habana Avenue and 14231 Bruce B. Downs Boulevard. The other two medical office buildings can be found at 3350 Bell Shoals Road in Brandon, and 2324 Oak Myrtle Lane in Wesley Chapel, Florida.
In particular, the 3350 Bell Shoals Road Medical Office Building, is in Brandon that is a Heavy Traffic Area. The medical office building is close to the intersection of Bell Bloomingdale and Shoals Avenue. This is a Great Retail Location with plenty of parking spaces. This medical workplace benefits from over 62,000 people within 2 miles. 57,000. The traffic count is 50 approximately,000 cars daily (VPD) on Bloomingdale and Bell Shoals road. There are retail triple net lease properties close by such as Walmart, Publix, Kash n’ Karry, a good Burger King, Mobil and Discount Auto Parts.
NNN Commercial PROPERTY traders on the sidelines have capital would pounce on the right sale-leaseback, especially medical workplace and retail properties with quality Tenants. Considering the credit market is still tight on Investment Property financing, sale-leaseback transactions are an attractive vehicle for owners of commercial real estate to tap into a readily available way to obtain funds. The sale-leasebacks with Tower Radiology were attractive considering their track record. Tower Radiology provides outpatient radiology services for the Tampa Bay area.
Tower Radiology possesses two other medical office structures and online leases about a some additional offices in the Tampa Bay area. Tower Radiology has a medical profile which is the No currently. 2 ranked in Florida. Tower Radiology is known as among the top-15 imaging centers in the United States. The commercial real estate with sale-leasebacks allow doctors to pull the capital using their commercial real property holdings. Doctors can concentrate on their area of expertise Then, health care for patients.