Salt Lake City -- PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane's restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.
"These acquisitions continue our overall strategy to acquire well positioned retail assets with geographic and industry diversification," said Jim Shipman, VP 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 $33 million in assets comprised of 15 properties located in 12 states.