LandVest USA is a real estate investment and commercial retail realty development company that is part of the Jamon Organization. The Jamon Organization has spent the majority of the last 3 decades using its experience to find prime locations to place freestanding Triple Net lease properties and Net Leasing multi-tenant developments.
A Triple Net Lease (Net-Net-Net or NNN) is a lease contract on a commercial property where the tenant pays all real estate taxes, building insurance, and maintenance (the three ‘Nets’) on the property. The tenant is also required to pay any normal fees that are expected under the agreement (rent, premises utilities, etc.).
Landvest USA develops and invests in build to suit Triple Net Leasing properties for leaseback to such well known retail chains as Family Dollar, Dollar General, Value City Furniture, Walgreen’s, CVS, Rite-Aid, Best Buy, Auto Zone, Advance Auto and other national and regional net lease tenants.
Currently Landvest is developing 3 build to suit Triple Net Lease properties for the Family Dollar chain. They are located in Kane, Biglerville, and Liverpool Pennsylvania. Landvest has committed to 9 build to suit locations for Family Dollar in 2012. All three of the triple net Family Dollar stores are being offered for sale at an 8.25% CAP rate. With the uncertainty in the stock market and CD’s, bonds and T-bills paying so little ROI these corporate guaranteed triple leases are a great safe harbor for your money.
From the Family Dollar website:
“In 1958, a 21-year-old entrepreneur with an interest in merchandising became intrigued with the idea of operating a low-overhead, self-service retail store. Leon Levine believed he could offer his customers a variety of high-quality, good value merchandise for under $2. Because he had grown up in his family’s retail store, he understood value, quality and customer satisfaction.
In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina, and was on his way to becoming a retailing legend. Right from the start, he had a well-developed philosophy of what Family Dollar would be and how it would operate, a philosophy from which he and his management team have never strayed. The concept is a simple one, “the customers are the boss, and you need to keep them happy.”
He created a general floor plan that he used in each of his stores that allowed customers to easily shop for their favorite products in any Family Dollar store. With the stores uniformly laid out and stocked, store managers were able to focus on providing good customer service. This concept for a self-serve, cash-and-carry neighborhood discount store in low to middle income neighborhoods proved so successful that today Family Dollar is a chain with over 6,800 stores from Maine to Arizona.”
Landvest USA has been in the retail Triple Net leasing for many decades, and they realize the neighborhood-shopping trend is where the future of retail development is headed. These three Family Dollar locations can become an important part of any investment portfolio. To learn more about this great opportunity, you can contact Jason T. Ellis of Coastal Solutions for a marketing package.
Buyer Broker participation is protected and encouraged. Broker’s there is more information located on Loopnet please see property ID#’s 17432824, 17433510, and 17433520.
LandVest USA is a real estate investment and commercial real estate development company that is part of the Jamon Organization. The Jamon Organization has spent the majority of the last 3 decades using its experience to find prime locations to place freestanding Triple Net lease properties and Net Leasing multi-tenant developments.
Landvest USA develops and invests in “build-to-suit” Triple Net properties for leaseback (more…)
