We are pleased to announce that we have closed an AT&T Net leased property located in Bristol, VA. We represented the buyer and the transaction closed in approximately 46 days. This is a brand new store with a new 10 years net lease.
Transaction Highlights:
- Price sold: $2,775,000
- Lease Term/Type: 10 years Net-Leased
- Tenant: AT&T
- Location: Bristol, VA
- Funding: 50% cash/50% loan
- Buyer: Private Investor
- Time to close: 46 days
Triple Net NNN investments have become a recognizable asset, and a very popular Real Estate Investment in the United States, mostly for investors that are looking to receive a steady income with limited or no involvement in the property management. In most NNN lease arrangements the tenant assume responsibility for the property taxes, insurance, and maintenance cost.
NNN Investment properties offer singular benefits for the investor, providing a perfect mix of: capital preservation, excellent capitalization, passive income, investment stability and outstanding tax benefits.
Are you Interested in Investing in an ATT NNN Property?
At CASABLANCA Commercial Real Estate, we specialize in NNN Investments and we can work with you in finding and negotiating the best deal according to your investment goals and risk tolerance. Our buyer’s brokerage fees are Free for the buyer.
You can contact us at 407.205.7570 or 800.406.7640, let us be your trusted Triple Net Advisor.