Chase Bank Ground Lease Sold

Miami, Florida - We have news on a Chase Bank, Ground Lease in Miami. This net leased property is located at the southwest corner of Biscayne Boulevard (US 1) and NE 108th Street. A Commercial Real Estate Broker helped this Ground Lease take place. This Chase Bank Ground Lease Investment is a newly constructed freestanding Building. This Miami Beach Commercial Property is leased by JP Morgan Chase.

This Ground Lease Florida Investment Property was purchased by AZ Biscayne Holdings, LLC. Some Chase Bank Ground Lease to compare this with are a Net Lease Property with a corporate signature and a 6.07% CAP Rate with increases every 5 years. This Miami Chase Bank Ground Lease was based on a Cap Rate of 6.5%. The Commercial Loan used to finance this transaction was provided by a Bank.

Another Investment Property Search found an Investment Property currently leased by Chase Bank. This Investment Property has been occupied for more than 35 years by various banks, with no vacancies. The net lease property is in good condition, in a prime location with great street visibility. This Chase Ground Lease Investment currently has a five year lease. These Ground Lease with a Corporate Tenant make for an excellent, long-term net lease investment.

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Publix-Anchored Retail Center Signs Leases

Ocala, Florida - We have information on one of the most desirable Triple Net Lease Properties, Publix. Konover South, LLC, based in Deerfield Beach, Florida has three new leases at its new Publix-anchored, retail center in Ocala. This Publix-anchored, 92,600-square-foot retail center to break ground in Ocala, FL, in November 2010 and slated to open in November 2011. This Publix-anchored Retail Center will be called Park View Commons.

Konover South, LLC, is one of the Southeast’s premier retail developers. The three long-term net leases currently signed, in addition to the Publix lease, are Ace Hardware’s, a Miyako Japanese Steakhouse restaurant lease and a Zhang Garden Chinese restaurant lease. Ace Hardware’s will be a 10,000-square-foot outparcel lease on the Publix-anchored retail center.

This Investment Property is conveniently located at the intersection of Maricamp Road (SR 464) and SE 24th Street. The Retail shopping center will feature a 45,600 square-foot Publix Super Market and will also include 25,000 square feet of in-line retail shops. Also the Retail shopping center will have three prime outparcels totaling 22,000 square feet.

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Florida Retail Strip Center Sold

Fort Myers, Florida - NNN Florida information is on a Retail Strip Center, the Plymouth Center. A Fort Myers Retail Shopping Center was purchased by NYFL Commercial Holdings 2 LLC. This Investment Property is located at 15200 South Tamiami Trail in Fort Myers, Florida. This Retail Strip Center was acquired from Michael Winters, receiver for ESPO Capital Inc. The shopping center is south of a Wal-Mart Supercenter, Home Depot and a Net Lease Lowe’s Home Improvement store. These are great NNN Florida Tenants.

The Retail Shopping Center, named the Plymouth Center, closed at the sale price of $2,828,000. The Commercial Property is 68% occupied and contains 44,769 square feet. The Commercial property is situated on 4.06 acres. Fort Myers is approximately 112 Miles south of St. Petersburg, Florida.

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Florida Net Lease Transactions

Pinellas Park, Florida - NNN Florida has information today from the St. Petersburg, Florida area. Bellair Development Group based in Pinellas County of Florida has a few net lease transactions. This Development Group has leased more than 25,000 square feet of space to new Tenants. One new Tenant was Tractor Supply Company. Tractor Supply Company has leased 23,151 square feet at this Plaza North Shopping Center in Pensacola. The other new Tenant, Flip Flops & More has leased 2,500 square
feet. The Net Lease Property Building is 83,907 square feet total. This Commercial Property is situated on 7.70 Acres.

This Plaza North Shopping Center is located in the growing North Pensacola Market along Pensacola Blvd and Nine Mile Road. The address of this Net Lease Site is 3 W Nine Mile Rd, Pensacola, FL 32534. Other area tenants are Wal Mart Supercenter, Home Depot, Lowes, Office Depot, Kentucky Fried Chicken and numerous national Financial Institutions and Restaurants.

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Simply Fashions Leases Space in Fort Lauderdale

Fort Lauderdale, Florida - Simply Fashions, a family apparel retailer, has signed a new multi-year lease in the west Fort Lauderdale area of Lauderhill.
The Investment Property that they leased space in is at Inverrary Falls retail center at Oakland Park Boulevard and Inverrary Boulevard. This Commercial Property has a Publix as an Anchor Tenant. Simply Fashion will take 2,800 square feet.

This Net Lease Property has other major tenants that include Bank Atlantic, Golden Krust, Gourmet China and H&R Block as well as Little Caesar’s, Sarah’s Beauty Supply & Accessories, the UPS Store, Wachovia Bank, and Wireless Tech.

Simply Fashions has over 300 stores in 21 states. Some have Long term leases and others with temporary space. Simply Fashion Company will consider many types of real estate, including:
* Strip centers
* Existing free standing buildings

For National specialists providing Triple Net Lease Properties to investors for new acquisitions or those who are involved in a 1031 exchange.
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