NLG News

The Net Lease Group Sells Walgreen’s Portfolio Zero Cash Flow NNN Lease

The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens in Laurel, MD. This deal consisted of the leasehold interest in a Walgreen’s retail property, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Sold at Full Asking Price $7,158,610
• Property 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Zero Cash Flow Leasehold Structure
• Tax Advantaged, Zero Cash Flow Structure
• Paydown-Readvance Feature in the Debt Documents
The seller was represented by NLG’s Philip Wickstrom, Managing Principal.
For information on properties The Net Lease Group is marketing for sale, please visit our website’s properties page.

The Net Lease Group Sells Walgreen’s Portfolio Zero Cash Flow NNN Lease

The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens portfolio. The portfolio consisted of the leasehold interest in four Walgreen’s retail properties, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Sold at Full Asking Price $15,956,187
• Each property 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Zero Cash Flow Leasehold Structure
• Tax Advantaged, Zero Cash Flow Structure
• Paydown-Readvance Feature in the Debt Documents
The seller was represented by NLG’s Philip Wickstrom, Managing Principal.
For information on properties The Net Lease Group is marketing for sale, please visit our website’s properties page.

The Net Lease Group Sells Flowers Foods Distribution Facility in Carrollton, GA

The Net Lease Group Sells Flowers Foods Distribution Facility in Carrollton, Georgia

Rick Ross, Senior Director of The Net Lease Group (NLG) arranged the sale of a new build to suit retail/distribution facility leased for 15 years to Flowers Baking of Villa Rica, LLC, a wholly owned operating subsidiary of Flowers Foods, Inc. (NYSE: FLO).  The property is located in Carrollton, Georgia. NLG represented the seller, a build to suit developer.   A Georgia investor acquired the property for $1.88 Million, closing only days after Term Commencement.

NLG put the property under contract very soon after the commencement of marketing within several basis points of the asking price. The NN 15-year Flowers lease contained fixed annual rent escalations through the primary and option terms.

Flowers Foods, Inc. generated 2017 FY sales of $3.9 Billion through a nationwide network of 49 bakeries which operate as wholly owned subsidiaries. Flowers’ mix of brands includes Nature’s Own, Wonder Bread, and Sunbeam, along with organic brands, Dave’s Killer Bread and Alpine Valley Organic.

The Net Lease Group Sells Boral Resources Distribution Facility

The Net Lease Group Sells Boral Resources Distribution Facility in Adamsville, Alabama

Rick Ross, Senior Director of The Net Lease Group (NLG) arranged the sale of a new build to suit truck depot and dispatch facility NNN leased for 15 years to Boral Resources, LLC, a wholly owned subsidiary of Australian multi-national, Boral Limited (ASX: BLD). The property is located in Adamsville industrial Park in Adamsville, Alabama, a close-in Birmingham suburb. NLG represented the seller, a build to suit developer.   An out-of-state investor acquired the property for $1.14 Million to complete a 1031 Exchange, closing only days after Term Commencement.

Mr. Ross secured acquisition financing for the buyer at very competitive terms which included fixed interest over a 15-year term, amortized over 25 years.

NLG put the property under contract less than 45 days after the commencement of marketing within several basis points of the asking price. The NNN 15-year Boral lease contained fixed annual rent escalations through the primary and option terms.

Boral Resources, LLC is the fly ash logistics and marketing division of Boral Limited (ASX: BLD), the multi-national building products manufacturer based in Australia. Boral Limited reported annual revenue of $4.4 billion in 2017.  Fly-ash, an inert coal combustion by product, is used extensively as a concrete additive to increase structural strength and wear resistance, making it essential to highway and commercial construction.

The Net Lease Group Sells Flowers Foods Distribution Portfolio in Kentucky

Rick Ross, Senior Director of The Net Lease Group (NLG) arranged the sale of two build to suit distribution facilities in Kentucky, each leased for 15 years to Flowers Baking of Bardstown, LLC, a wholly owned operating subsidiary of Flowers Foods, Inc. (NYSE: FLO). The properties are located in Owensboro and Paducah, Kentucky.  NLG represented the seller, a build to suit developer.  A California investor acquired the properties, completing a 1031 exchange, for $1.64 Million.

Flowers Foods, Inc. generated 2017 FY sales of $3.9 Billion through a nationwide network of 49 bakeries which operate as wholly owned subsidiaries. Flowers’ mix of brands includes Nature’s Own, Wonder Bread, and Sunbeam, along with organic brands, Dave’s Killer Bread and Alpine Valley Organic.

The Net Lease Group Closes A ZCF Walgreen’s Portfolio of 3

The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens portfolio. The portfolio consisted of the leasehold interest in three Walgreen’s retail properties, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.

  • Sold at Full Asking Price
  • 1031 Exchange Buyer/Family Trust
  • Properties 100% Leased to the Walgreen’s Company

Zero Cash Flow, Leasehold Properties

The seller was represented by NLG’s Philip Wickstrom, Managing Principal.

For information on current properties The Net Lease Group is marketing for sale, please visit our properties page via our website.

The Net Lease Group sells Love’s Travel Center in Tifton, GA

The Net Lease Group marketed and sold the triple net ground lease Love’s Travel Center in Tifton, GA.
• 5+ years remaining on the original term
• Sold within points of asking cap rate
• All cash buyer
• Quick close
• Multiple offers generated
The Seller was represented by Philip Wickstrom, Managing Principal
For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells Flowers Foods Distribution Center in Albany, GA

The Net Lease Group is pleased to announce the closing of a newly constructed, freestanding, single tenant Flowers Foods Bakery Distribution Center.

• Asking Price: $ 1,816,901

• 15 year NN lease with two five year renewal options

• 8,500 SF building

• Individual investor

• All cash buyer

• 15 day due diligence and closing

Philip Wickstrom, Managing Principal represented the seller.
For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells FedEx Ground in Savannah, GA

The Net Lease Group is pleased to announce the closing of a newly constructed, freestanding 128,616 square foot distribution facility in Savannah, GA, 100% leased to FedEx Ground Package Systems, Inc.

• Price: $27,832,000

• 10 year lease with 5% rental increases every 5 years

• Forward sale to an institutional buyer

• Located 9.6 miles from the Port of Savannah

Esmael Hill, Managing Principal represented the seller.
For information on current properties The Net Lease Group is marketing, please visit our website.