At the end of the year, if the costs were. Long Term, Absolute Triple Net Lease with 2% Annual Increases. NNN deal finder has hundreds of listings to suit the needs of every investor!. $1,800,000. In an absolutly net lease, a tenant is. S. Insights. In contrast, the landlord can take a hands-off approach while the property is being developed to the tenant’s tastes. Renewal Options: 4 x 5 Years. A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. Keystone Realty U. Engage a reputable NNN buyer’s advisor (at no cost to you) as you begin the process. This Investment Will Allow Investors to Get in at Way Below Market Rent With a Strong Investment Grade Tenant. An absolute net lease, or absolute NNN lease, is one of the strictest forms of commercial leases. Lease Expiration: 2/28/2031. Lease Expiration: 3/2030. 3 types of net leases: Triple/“NNN”, Double/“NN”, Single/“N”. Responsibility-free ownership – most are absolute NNN leases. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth. ft. Double Net Lease. 00% to 9. 1520 W Freddy Gonzalez Dr Edinburg, TX 78539. This ABSOLUTE TRIPLE-NET LEASE ("Lease") is made and entered into as of , by and between CITY OF SAUSALITO, a municipal corporation as . Triple Net Lease. For the landlords, a triple net lease relieves them of a lot of the work of managing a property. If you have a property manager collecting the rent and handling any issues with your tenant. A. An absolute NNN lease, also known as a bondable lease, is an agreement between a property owner and a tenant, in which the tenant is responsible for not only the monthly. Lower risk commercial investing. ADENINE triple net lease (NNN) assigns sole responsibility to the tenant fork all costs relating to one blessing being chartered, in addition to rent. In an NNN, the tenant pays the rent, plus essentially all costs associated with the. Most single-tenant triple-net ground leases to retail tenants will have primary lease terms between 15 and 25 years, with multiple renewal options thereafter. A gross lease can be modified to meet the needs of a. Rental Increases: 3% Annual. In a triple net lease, the three "nets" relate to property taxes, building insurance, and common area maintenance costs. In an "absolute net lease", the tenant is responsible for all expenses, including management and structural maintenance; and theThere are four different types of net lease: Single net lease. Sands Investment Group is Pleased to Exclusively Offer the Take 5 Oil Change Ground Lease Located at 2604 S Highway 301 in Tampa, Florida. All Maintenance and Repairs. Triple Net: tenant pays rent, property taxes, insurance, and. With an absolute triple net lease, you have a tenant that’s paying for everything. Absolute Net Leases. [1] A triple net lease that includes the three nets is particularly common and is often abbreviated in writing as " NNN lease " but. Triple net leases, or NNN leases for short, are similar to Abs NNN leases in that they require no landlord responsibilities. Become a FREE LoopNet Member to search hundreds of thousands of NNN Properties for sale and other commercial properties for sale and for lease throughout the U. Gregory Garver • Essentially an absolute triple net lease is a lease in which the tenant takes responsibility for every fathomable real estate risk related to the property and is responsible for every single property related expense. The triple-net lease is usually abbreviated to “NNN lease” in writing. Burger King | Getzville, NY. Double-net leases require the tenant to pay two of the three nets—usually, property taxes and insurance premiums. Absolute Lease: Tenant pays rent, all net lease items plus repairs; Triple net leases generally offer the tenant a lower base rent because the tenant assumes more of the cost of maintaining the property. In the short term, you are buying the Triple Net Property for the income stream generated by the rent from the lease. Sands Investment Group is Pleased to Present Exclusively the 12,480 SF Dollar Store For Sale Located at 316 Hannah Drive in Oliver Springs,. Absolute Net Lease: In an absolute net lease, the tenant pays base rent plus all additional costs needed to operate the property. The Triple Net Lease Defined. The exact division varies from one lease agreement to another. In a net lease, the lessee typically assumes some or all costs of maintaining the. Find the triple net lease investments to grow your portfolio today. 5. In a triple net lease, the tenant pays for the three largest property operating expenses: Property tax. In addition to a fixed rent payment, they pay a share of property taxes, property insurance, and maintenance costs. A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. While, in many cases, the result would be similar or even the same under these two types of lease agreements, an absolute net lease does offer just. Renewal Options: 2 x 5 Years. Property Type Retail Lease Type Absolute NNN. Most Vancouver businesses are forced into that aptly named net into in order to operate in this town. In triple net lease agreements, also known as the NNN leases, the tenant pays for all utility costs. In general, investing in a triple net commercial property provides tax benefits to the savvy, diversified investor. Other leases will fall somewhere between the gross and NNN lease, and will. Triple Net Land Leases offer a one-of-a-kind opportunity for investors. LoopNet also attracts a large community of Arizona commercial real estate. Photo credit: Envato. In a Triple Net (NNN) Lease, the tenant is responsible for paying for all costs related to: 1) property taxes; 2) maintenance; and 3) insurance, hence the. Triple net leases are the most common type of net lease, and often if you hear the term "net lease," it refers to a triple net lease. In a multi-tenant property, the tenants would have to divide up the. A subset of triple net-lease deals. Lot Size (acres) 0. Lease Type: Absolute NNN. Triple Net Lease (NNN Lease):. 02 Billion Dollars; The Tenant Has Been Operating Out of This Location Since 1974 Showing a Long-Term Commitment to This Site;Sands Investment Group is Pleased to Present Exclusively For Sale the 1,417 SF Take 5 Absolute NNN Ground Lease Located at 12251 Jones Road in Houston, TX. 20-Year Sale Leaseback – Lease Features a Primary Term of Twenty (20) Years, Accompanied By Four (4), Five (5) Year Renewal Options. An absolute net lease has no legal defenses if Simon fails. Their reliability keeps mortgage interest rates lower than gross. These are deals that you get a check in the mail every month. This Opportunity Includes a High-Quality Tenant With a Long-Term Absolute Triple Net Lease (NNN) and Zero Landlord Responsibilities, Providing For a Secure Investment. In a triple net lease, the tenant pays the taxes, insurance, and maintenance. Absolute Triple Net Lease. Lease Expiration: 5/31/2029. A triple net lease (NNN) assigned sole responsibility go the tenant for sum costs relating to the asset being leased, at adding to rent. This Property Has a Recently Extended New 15 Year Lease Demonstrating the Tenant’s Confidence in the Location. This Lease is what is commonly called a “Absolute Triple Net Lease,” it being understood that Lessor shall receive the Base Rent set forth in Section. Current Rent is $310,968 Until November 2023 Followed By $103,620 Until. A triple net lease is a distinctive agreement for landlords and renters of commercial real estate. Net Present Value (NPV)The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. Types of Net Leases: NNN leases are a part of the broader category of net leases, which also include single net and double net leases, where tenants cover different portions of operating expenses. $3,679,245. Premises: 12,718 SF. 7 Eleven (This is a S&P AA- rated) internationally branded tenant , 7 eleven offers absolute triple net lease investments with 10+ years and zero landlord responsibilities, corporate guaranteed leases situated all over the US. Term: While the exact lease term can vary from one. An example of property related expenses the tenant is responsible for but not limited to are the property taxes. Renewal Options: 2 x 5 Years. Absolute Triple Net Lease (NNN Lease): Considered the most comprehensive type, an absolute triple net lease in Phoenix transfers all property costs, including property taxes, insurance, and maintenance, onto the tenant. 25% Annually. Insurance Premiums. Potentially higher cash-on-cash returns and positive leverage. a. 1863 & 1899. A lender may be more inclined to offer a lower interest rate and a longer-term mortgage on a property leased to a high-credit tenant with: A 15–20 year lease in a prime location. For hands-on property owners who like to be out there, at ground level, performing maintenance, arranging landscaping, and investing in improvements, it’s less relevant. g. But, he also gives reasons why this is a preferred asset class. or triple net lease properties, are an especially attractive option for investors looking for a hands-off approach. 25%. With an absolute NNN lease, the lessee is responsible for all payments. These additional costs could. Landlord and Tenant acknowledge and agree that both parties intend that this Lease shall be and constitute what is generally referred to in the real estate industry as a “triple net” or “absolute net” lease, such that Tenant shall be obligated hereunder to pay all costs and expenses incurred with respect to. The document also provides that this lease will in all respects be treated as a triple net lease with all costs and expenses paid for by the lessee, including, but not limited to, real and personal property taxes; fire, casualty, theft, and liability insurance; trash removal; water, gas, electricity and other utilities;. If a new lease is going to be executed at closing, a provision should be included in the purchase and sale agreement requiring the lease for the property to be an absolute triple net lease. Rental Increases: 8% Every 5 Years & At Options. Types of Alaska Triple Net Lease: 1. 1,2 The company has an S&P Global rating of BBB (August 2021) and a Moody’s bond rating of Ba2 (March 2021). g. Shopping Center Lease: Dipping Into Sales. Triple Net Leases (NNN) are very popular in the commerical real estate market due to their ease of management and low risk. Triple Net Lease. Ninety-four percent of the company’s QSRs are franchised through 350 franchise organizations. Status: For Sale. For tenants, triple net leases offer lower rent compared to traditional leases, the ability to customize their spaces, and the opportunity to control. Sands Investment Group is Pleased to Exclusively Offer For Sale the Absolute Triple Net Gas Station Located at 500 East Avenue North in Hollandale, MS. The absolute net lease is a variation of a triple net lease. That concept is straightforward, but often landlords will refer to leases as triple net. They are most often tenanted by investment-grade, multi-billion dollar corporations that guarantee the lease for 10, 15, and sometimes 20 years or more. These net-lease properties sell at a reasonable price point, between $1. A net lease is the opposite of a gross lease, in which the lessee makes a single rental payment and the. In such a lease, the tenant or lessee is. 4. 50%NOI $56,091 Year Built 1973 Zoning R-4. As far as passive income goes, NNN investments are among the top performing since the leases are often guaranteed by tenants with strong credit that tend to stay in place for years and years. This Lease is what is commonly called an “Absolute Triple Net Lease,” it being understood that Landlord shall receive the Base Rent set forth in Section 4. ”. Net leases offer numerous advantages to both owners and tenants. 0 updates video below). Had my insured complied with the original lease offer, the insurance costs would have. Lot Size: 50,541 SF. According to CBRE, for the year ending in Q2 2021, net-lease investment surged by 3. They also include other lease terms like direct depositing rent and the day it’s. Why is his attorney arguing against the latter? Click the card to flip 👆. 40%; Annual Rental Income: $220,000; Lease Type: NNN;. 41 billion and continues to see 2% annual. In a single net lease, the tenant pays a lower base rent in addition to property taxes. NNN properties in the market are occupied by a single renter who is responsible for expenses beyond base rent. The tenant must pay monthly base rent, as well as any additional property expenses. Absolute NNN lease. Performing a 1031 exchange for a NNN lease property can save those tax dollars. Your net monthly cost for the single net lease is $900 minus $900, or $0. 7-Eeven • Bonus Depreciation Benefits • Current CAP 5. Absolute Triple Net Lease: An absolute triple net lease is considered the most comprehensive. ”. Absolute NNN Leases: Tenants take full responsibility for property management, including taxes, insurance, and all maintenance expenses, granting landlords a truly hands-off role. The document also provides that this lease will in all respects be treated as a triple net lease with all costs and expenses paid for by the lessee, including, but not limited to, real and personal property taxes; fire, casualty, theft, and liability insurance; trash removal; water, gas, electricity and other utilities;. Despite the popularity of the NNN lease, the triple net lease structure is still commonly misunderstood by many commercial real estate professionals. The lessee agrees to pay rent, utilities, and all of the property’s operating expenses. Burger King NNN Lease investment feature attractive benefits such as: 15-20 Year Absolute Triple Net Lease, CAP Rate between 5% – 6%, 5% – 10% Rental Increases and No Landlord responsibilities. S. This Opportunity Offers a Long-Term Absolute Triple Net (NNN) Lease With a High Quality and Established Tenant in the Desirable Florida Market. ABSOLUTE TRIPLE NET AND BONDABLE LEASE. S. Long Term Absolute Triple Net. This Deal Includes an Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities, Providing For a Secured Investment. Base Amount = Rent per square foot x Square footage = $30/sqft x 1,000 sqft = $30,000 a year or $2,500 a month. S. 00–6. The landlord is responsible for all other building expenses. Reliable income stream: since the tenants pay their rent and expenses each month. Status: For Sale. Bondable triple net lease real estate agreements, which prevent tenants from severing ties due to unpredictable costs, are also called absolute net leases. With ALL leases, the landlord/ property owner will charge the tenant base rent but generally less rent as the tenant goes up from single, double and then to triple since there will be more cost to bear by the tenant. One of the prime benefits of using NNNs is the ability to enjoy freedom, or at least minimal. A triple net lease, often known as a NNN lease, is a common commercial real estate leasing structure. This includes property taxes, insurance premiums, maintenance costs, repairs, and utilities. Check out the numbers (and learn whether you could replicate this deal) here!This form is for the lease of a commercial building. Conclusion: The Florida Triple Net Lease offers a mutually beneficial arrangement for both landlords and tenants. Double net lease. A triple net lease is when the tenant covers the costs of all operating expenses associated with a property. 1%. 0% - Primary Term BROKER/FINDER FEE $50,000 EXPENSES Absolute Triple-Net Corporate Lease NO INVENTORY AVAILABLE AT THIS TIME. Posted Sep 18, 2020. March 15, 2023 In the commercial real estate industry, a Triple Net Lease (NNN) has become an increasingly popular type of lease for both property owners and tenants. Common examples of single. In deals involving triple net (or “NNN”) leases, it is important to have everyone on the same page in terms of lease terminology in order to comprehend the unique advantages and dangers connected with this form of lease. If trustworthy tenants signed triple net commercial. This Opportunity Includes a High-Quality Tenant With a Long-Term Absolute Triple Net Lease (NNN) and Zero Landlord Responsibilities, Providing For a Secure Investment. This makes it an “absolute NNN” or a “true Triple-N” lease. Dec 29, 2022. With Rare Annual 1. Passive Income Potential: Triple Net Leases (NNN): While tenants bear some expenses, landlords may still need to be somewhat involved in property management. LoopNet. The tenant must pay monthly base rent, as well as any additional property expenses. 1024 Bayside Drive, #523 Newport Beach CA 92660. Among real estate and tax professionals, a lease will generally be classified as triple net if the majority of the burdens of ownership become the responsibility of the tenant. Lease Type: Absolute NNN Ground Lease. Companies, however, prefer flexibility, especially given the fast-changing pace. These leases are extremely attractive to investors as they require the tenant to pay for the roof, building maintenance, landscaping, parking lot. Middle market net lease investment sales have a reason to hope that transactions will start to pick up: Listings are the highest since October in. Tenant: Dollar General | Oliver Springs, TN. As the usage of triple net leases for rental activities continues to grow, it is important to understand how the IRS defines a triple net lease. 7 Eleven (This is a S&P AA- rated) internationally branded tenant , 7 eleven offers absolute triple net lease investments with 10+ years and zero landlord responsibilities, corporate guaranteed leases situated all over the US. This lease structure is particularly attractive to investors as it offers a relatively low level of management involvement. A. We know net lease better than anyone. (877) 548-9454. Restaurants and has been operating at this location for the last. Many are absolute triple net (NNN) leases, which means you own the property and the tenant pays for and takes. This Lease is what is commonly called an “Absolute Triple Net Lease,” it being understood that Landlord shall receive the Base Rent set forth in Section 4. Most net lease REITs remain deeply undervalued, and we expect 30-50% upside, in. 40%; Annual Rental Income: $220,000; Lease Type: NNN;. Single and double-net leases transfer only some of these expenses, whereas, in a triple-net lease, the tenant takes on almost all costs associated with the property. A triple net lease, also known as a net-net-net or NNN lease, insulates the landlord of the obligation to cover all expenses mentioned above such as property taxes, insurance premiums, utilities, maintenance, and repair costs. When you own an absolute triple net lease property, you don’t pay for anything. 4. Monthly NNN = ($4 x 3,000 sq. 1 billion of commercial real estate space for lease. These leases usually last 10-20 years. A triple net lease can be formatted as a bondable lease. These are typically long-term leases. Most often, triple net leases are long-term (10. 20-YEAR ABSOLUTE TRIPLE NET LEASE THAT INCLUDES 10% RENTAL INCREASES EVERY FIVE YEARS . and shopping center sites vary between modified NNN and absolute triple-net lease terms. Cap rates, considering market fluctuations, are typically between 5. Brand New 10-Year. 01 free and clear of, and in addition to, any and all expenses, costs, impositions, taxes, assessments, liens or charges of any nature whatsoever. A "triple net" lease is one in which the tenant pays for all. Net Present Value (NPV)Our expert advisors offer objective advice, education, knowledge, and advocacy – all without any cost to you! Contact us today for a no-obligation consultation, 314-997-5227. ”. This Freddy’s sale leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. e. com operates the most heavily trafficked online listing service for New Jersey NNN Property commercial real estate and other U. Triple-Net Vs. In general, investing in a triple net commercial property provides tax benefits to the savvy, diversified investor. Address. Triple net investing is a crucial part of net-lease investment growth in the United States. ). Bondable triple net lease real estate agreements, which prevent tenants from severing ties due to unpredictable costs, are also called absolute net leases. This form is for the lease of a commercial building. A triple net lease (NNN) is a common type of lease structure in which the Tenant pays the expense to operate the property in addition to the base rent. An “absolute triple net lease” transfers all property risks to the tenant. Tenant: KinderCare | Muncie, IN. In Cooperation With: Sands Investment Group. S. Absolute Triple Net Lease (NNN Lease): In an Absolute Triple Net Lease, tenants bear all possible costs related to the property, including structural repairs and replacements. Tenants in India need to sign a lease deed with their landlords before entering a flat. 16/SF With 2% Annual Increases. The stores sell for an average of $600,000 (stores can range from $1. Remember that triple net leases are just one of many commercial lease options, and this option provides a lot of exciting benefits for landlords: Long-term occupancies. Single net or “net lease” property leases state that the tenant is responsible for net property taxes in addition to base rent. Per leases commonly include property taxes, property insurance. This is a Corporately Guaranteed Lease With 10 Years in the Initial Term, 10% Rent Bump in Year 6 and Four 5 Five Year Options to Renew. The tenant pays the base rent. S. Insurance. In September 2021 net-lease investment volume in the United States increased by nearly 90% year-over-year in the second quarter of 2021 to $18. Single net leases: rent plus property taxes. Sands Investment Group is Pleased to Exclusively Offer the Absolute Triple Net Ground Lease Investment Opportunity Located at 8955 Hickory Street in Frisco, Texas. . NNN means “net, net, net” and describes lease agreements. On the other hand, most multi-tenant. Typically sell between $1–3 million. Regular NNN Lease A regular NNN lease is also a long-term lease that still includes paying 100% of. A triple net lease is one in which the tenant takes on the responsibility of paying all property expenses, including: property taxes; insurance premiums; operating expenses (also known as common area maintenance)A Panera NNN Lease investment features attractive benefits such as: 15-20 Year Absolute Triple Net Lease, CAP Rate between 5% – 6%, 10% Rental Increases and No Landlord responsibilities. According to the company’s third-quarter (October 28, 2021) results, Taco Bells’ same-store sales grew +8% on a 2-year basis. Get informed and start investing!Absolute Triple-Net Lease: In this type of lease, the tenant assumes responsibility for all property expenses, including structural repairs and replacements. The property owner covers structural damage and mortgage payments. A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc. McDonald’s are often on an absolute triple net lease investment in many locations because they have the McDonald’s Corporation backing them. This includes construction of the building and paying for the day-to-day operations of the business. Pros and Cons of Net Lease Agreements for Real Estate Investors. The Property is Located in a Main Retail Artery Surrounded by Other National Retail Brands. Find triple net lease businesses for sale in California. Monthly NNN = ($4 x 3,000 sq. Now there are several types of leases; Single Net, Double Net, Triple Net, Absolute Triple Net, and Modified Gross Lease/Modified Net Lease. Our expert advisors offer objective advice, education, knowledge, and advocacy – all without any. A triple net lease is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three Nets) on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc. These leases have two rent calculation methods, gross and net. An absolute triple net lease is the most common type. 5% every year or 10% every five years. Some leases may offer an initial term as long. com Tel: 202-361-3050. Rental Increases: 5% at Options. Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA, situated within the $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan located along I-85. . An absolute triple-net lease is a long-term lease that requires the tenant to pay all expenses, taxes, and insurance. This investment is a 10-year absolute NNN lease. Most Jiffy Lube leases are triple net, leaving the investor with no landlord responsibility. Other types of commercial real estate may offer 7. In 2021, essential, pandemic-proof businesses like Dollar General, 7-Eleven, and KFC were thriving, and investors were buying these properties at a record pace. We offer our Buyers Free Buyer Representation, since we get paid from the Seller. Rental Increases: 10% Every 5 Years. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. ) /12. Overall returns up to and sometimes. The Challenge – Locating Triple Net Lease Properties For Sale within Budget in Extremely Competitive Market. Cap Rate calculated at: 6. If you are obtaining a mortgage on the property, identify your lender. Single Net Lease: Tenants pay property taxes. In a bond lease, the tenant is responsible for not only property maintenance and structural repairs but also rebuilding the property in the event of an act of God — natural disasters like floods, earthquakes or extreme freezes, like in Texas in early 2021. Request Info Make an Offer. 00% cap rates, but when you calculate actual. A triple-net lease deal (a. owner of the subject property ("Landlord"), and SAUSALITO CENTER FOR THE ARTS, a California non-profit corporation ("Tenant"). We Are Pleased to Offer For Sale the Single Tenant NNN Property Located at 4001 West Clara Lane in Muncie, Indiana. Among real estate and tax professionals, a lease will generally be classified as triple net if the majority of the burdens of ownership become the responsibility of the tenant. A condition of a Triple Net Lease stipulates that the tenant is responsible for certain expenses associated with the property’s operation in addition to the basic rent. The annual rent will be. Triple net leases are usually often for a long period of time, 5-10 years, and include rent increase provisions that. Modified net lease. The three most common expenses charged back are property taxes, insurance, and maintenance, often called the "three nets". The lease should provide for regular rent increases throughout the lease. The “NNN” stands for “net, net, and net,” which. One we hear often is: what’s the difference between a triple net and absolute net lease? Let’s start with a triple net lease. Offering low rent may make it easier to find a tenant, so that this arrangement may be an advantage to both parties. Under a triple net lease the tenant agrees to pay all real estate taxes, maintenance and insurance in addition to all other normal costs such as rent and utilities. In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances. Each corporate-guaranteed lease offers strong rent. Notably, these additional risks include the obligations to rebuild after a. Term of the Lease. 5 Years Remaining Term on an Absolute Triple Net (NNN) Lease, Providing For a Unique Investment. In an absolute net lease, the tenant pays base monthly rent plus all of the property’s operating and maintenance expenses. " At its core, a triple net lease is a type of commercial lease structure that contains a provision saying that the lessee. Triple Net, often abbreviated as “NNN,” is a type of lease structure where the tenant or lessee agrees to pay additional expenses related to the operations of the property, including common area. This includes property taxes, insurance, and maintenance costs. NNN lease investments nullify all traditional CRE concerns and help build wealth with: 10- to 15-year monthly income guarantee with built-in rental escalations. Let’s look at an example: Expected NOI: $200,000 in annual tenant rent payments. This Deal Has 8. Guaranteed, long-term tenancy: NNN tenants often sign 7 to 10+ year leases. Therefore, the lessee must pay $7,250/month for the property. Lease Type: NNN. The assistance offers skillfully made legitimate papers web templates which you can use for a range of functions. Status: Active Price: $1,351,915 Bldg. QuikTrip is a privately owned corporation with annual sales in excess of $11 billion. You may own property anywhere within the United States with absolute net lease properties and without landlord obligations. Long-Term 11 Year Absolute Triple Net. These increases result in improved Net Operating Income over time. Triple-Net Vs. Monthly NNN = $1,000. A triple net lease (triple-net or NNN) is a real estate lease agreement where the ongoing expenses of a commercial property, including real estate taxes, building insurance, and maintenance are the responsibility of the tenant, not the investor or owner of the property. Sands Investment Group is Pleased to Present Exclusively For Sale the 1,417 SF Take 5 Absolute NNN Ground Lease Located at 12251 Jones Road in Houston, TX. ). We offer the largest database of triple net lease NNN properties in Alabama. 2023, here we come!Absolute Triple Net Lease. Net leases can offer tremendous value for low-risk investors seeking stable, predictable returns. LoopNet operates the most heavily trafficked commercial real estate listing service online, with more than $425 billion of commercial real estate for sale and 5. Triple net lease (NNN lease): In a triple net lease, the tenant is responsible for three major expenses on top of their monthly rent. Our team analyzes hundreds of triple net properties for sale daily, and presents them to our investors on a first-come. Size: 2,653 SF Cap Rate: 7. 5–2 million, and sit on visible 1/2 – 3/4 acre lots with easy access.