Are you interested in purchasing a fee simple single tenant Gap triple net lease property for 1031 exchange?
We have access to a large inventory of Corporate Gap net lease or nnn lease properties for sale. Please send an email to info@nnndeals.com with your Gap 1031 exchange criteria and we will email you a short list of Gap nnn lease or triple net lease properties for sale.
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About The Gap, Inc. :
The Gap, Inc.[5] (NYSE: GPS) is an American clothing and accessories retailer based in San Francisco, California, and founded in 1969 by Donald G. Fisher and Doris F. Fisher. The company has five primary brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and Athleta. As of September 2008, Gap, Inc. has approximately 135,000 employees and operates 3,076 stores worldwide, of which 2,551 are in the United States.[6] Gap, Inc. remains the largest specialty apparel retailer in the U.S., though it has recently been surpassed by the Spanish-based Inditex Group as the world’s largest apparel retailer.[7]
Despite the company’s publicly traded status, the Fisher family remains deeply involved in Gap, Inc.’s business and collectively owns a significant quantity of the company’s stock.[8]
Donald Fisher served as Chairman of the Board until 2004 and remained on the board until his death on September 27, 2009. His wife and their son, Robert J. Fisher, also serve on Gap’s board of directors. Robert Fisher succeeded his father as chair in 2004 and also became president and CEO on an interim basis following the resignation of Paul Pressler in 2007.
Glenn K. Murphy is the current CEO of the company. Previous Gap, Inc. CEOs include Millard Drexler and Paul Pressler.
On August 21, 1969, Donald and Doris Fisher opened the first Gap store on Ocean Avenue in San Francisco. The store’s merchandise consisted of Levi’s and LPs. The Fishers had raised $63,000 to open the store,[9] and in one year, Gap’s sales had reached $2 million. In 1970, Gap opened its second store, in San Jose, California, and established its first corporate headquarters in Burlingame, California with just four employees. Gap grew rapidly. By 1973, it had more than 25 stores, including areas outside California—entering the East Coast market with a store in Voorhees, New Jersey. In 1974, Gap began to sell private-label merchandise. Fee simple single tenant Gap triple net lease for 1031 exchange.
Triple Net investments are relatively easy and safe for investors to engage in, as they are hassle-free transactions with minimal costs, and present a minimal risk with strong tenants and long leases. At any time the investor can cash-out, often with a profit, by selling the property. The investor also can hold the property, allow it to further appreciate in market value, and lease it again at a higher rate to the original tenant or a new tenant when the lease term expires.
