Most people are familiar with the Stella Liebeck v. McDonald’s Restaurants hot coffee case. Mrs. Liebeck was in the McDonald’s parking lot putting cream and sugar in the coffee she just purchased from McDonald’s when she accidentally spilled the coffee in her lap resulting in third degree burns. She was awarded $160,000 in compensatory damages and $2.7 million in punitive damages due to the injuries she suffered.
Read more » 2.7 Million Dollars for Spilling Hot Coffee
2.7 Million Dollars for Spilling Hot Coffee
AT&T Retail Net Leased Property Acquisition in North Carolina
These NNN Commercial Properties are situated in 17 states and contain about 3.7 million square feet of gross leasable space.
The newly constructed AT&T net leased property will replace the old AT&T location that sat at 351 College Road. The new net leased property location is 314 S. College Road, in Wilmington, with the North Carolina zip code of 28403. AT&T wants to continue to expand on their services to the Wilmington, North Carolina community. This is a great retail market for the AT&T net lease property tenant.
Read more » AT&T Retail Net Leased Property Acquisition in North Carolina
Florida Retail Shoppings Centers and NNN Property For Sale
The net leased property buyer is a Delray Beach-based commercial real estate investment firm, known as CR South. CR South purchased this Retail shopping Center which is called The Shops at Verandah. The Shops at Verandah has approximately 73,057 square feet of space for net lease property Tenants. Any net leased Retail Shopping Center with Publix Super Markets as the anchor Tenant is highly recommended for a NNN Commercial Real Estate investment.
Read more » Florida Retail Shoppings Centers and NNN Property For Sale
California Net Leased Properties and 1031 Exchange Property
This Net Leased Property sits in Arapahoe County and was marketed for sale at the price of $4 Million.
Some additional information on the progression of sales of this Dry Creek Office Village complex was that Connell bought it in 1996 for $2.3 Million. This Colorado commercial real estate is an (8) eight building office park. This Commercial Property is known as a Class C office park that totals approximately 54,201 square feet.
Read more » California Net Leased Properties and 1031 Exchange Property
Pizza Hut Net Leased Property in Florida
Net Lease Properties information for the day is from Destin, Florida. one of the most beautiful areas in the Country. This Net Lease Investment was sold with Pizza Hut as the net leased property Tenant. A large NNN Commercial Real Estate broker helped procure the sale of this Pizza Hut Net Leased Property. This absolute triple net lease investment sold for $1.4 Million. This Florida Net Leased Property had approximately 16 years left on a 20 year absolute NNN Lease.
Read more » Pizza Hut Net Leased Property in FloridaAll Our News
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