SALT LAKE CITY
Oct. 3, 2013
/PRNewswire/ -- PECO Net Lease Income Fund (NLIF) today announced the acquisition of four properties including two Family Dollar stores in
and two Raising Cane's restaurants including one in
and one in
Mt. Pleasant, SC
"These acquisitions continue our overall strategy to acquire well positioned retail assets with geographic and industry diversification," said
, vice president for PECO NNN Development, LLC; manager of the NLIF. "The acquisitions provide long-term leases and excellent value-add opportunity, while also enabling us to continue our monthly dividend to our investors."
The acquisition of the four properties brings the total portfolio to over
in assets comprised of 15 properties located in 12 states.
Family Dollar Stores, Inc. currently operates more than 7,900 stores in 46 states. The company, a Fortune 300 company, is based in
Matthews, North Carolina
, just outside of
and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit
Raising Cane's, known for its ONE LOVE® – quality chicken finger meals, is in the midst of a rapid expansion across the nation. To learn more about the Company, visit
About PECO NNN Development
PECO NNN is an affiliate of
& Company and has developed 51 net leased assets in 10 states valued at over
. Thirty-seven of those assets were developed through its preferred developer relationship with Walgreen's. PECO NNN has a fully-integrated operating platform for acquisitions, dispositions, development, redevelopment, and leasing and property management. In addition, PECO NNN manages the PECO Net Lease Income Fund which acquires single-tenant, net lease properties nationwide. The fund will have acquired over
in assets by year-end 2013. For more information on the company, please visit phillipsedison.com/PECO-NNN.
SOURCE PECO NNN Development