triple net

Recent Closings - Triple Net 1031 Exchange Deals

We are pleased to announce the following recent closings: NNN Florida Walgreens: $8,662,371 - Sourced off-market deal through developer and broker network. Record setting cap rate of 4.85%. All cash transaction with 1031 exchange buyer.

Triple Net CVS: $6,450,000 - Low leverage 1031 exchange buyer. 24 years left on absolute net lease - 5.32% cap rate. Solid midwest location.

Net Leased Dollar General: ~ $1MM - high cap rate deal 8%+ with 7+ years on NN lease. Growing SE US location.

For more details or help on your NNN 1031 exchange, give us a ring at 1-866-539-1777.

CVS NNN For Sale

JUST CLOSED: $3.2M NNN 1031 Sleepy's Investment

We are proud to announce another investment property closing! Thomas Morgan, CCIM represented an all cash 1031 exchange buyer in the purchase of a net leased property in Winston-Salem, NC.

The $3,265,000 all cash sale closed in 29 days. The property is leased to Sleepy's on a net leased basis for 12 years. The 1031 investor exchanged from a management intensive industrial/retail property to this hands-off, long term, low risk NNN investment.

The property was a 2014 build to suit for Sleepys and has phenomenal location characteristics with high traffic counts and visibility in the dominant retail corridor.

sleepys NNN

Sleepy’s LLC is a privately owned four-generation mattress retail company founded in 1931 in Brooklyn, New York, the company currently has over 2,900 employees. Sleepy’s is the second largest specialty mattress retailer and the largest bedding retailer in the US.

The seller was represented by Pegasus Investments out of Beverly Hills, CA.

Please contact Thomas Morgan, CCIM for cap rate details or for information and availability of other triple net 1031 investments. 1-866-539-1777

Other recent closings include a remodel to suit 15 year net leased Arby's, several NNN Dollar Generals and a long term NNN 7-Eleven ground lease.

Get 1031 Exchange Property Information

Property Highlights − Corporate lease with Sleepy’s, LLC − Additional guaranty from HMK Mattress Holdings, LLC (parent co.) − Brand new trophy quality construction − High impact site plan (building built right up to the lot line fronting Hanes Mall Blvd.) − 12 year lease term with minimal landlord responsibilities

Location Highlights − A+ location within the heart of Winston-Salem’s Hanes Mall retail core − Irreplaceable Sam’s Club outparcel property − Phenomenal site lines and visibility − Excellent access from both Hanes Mall Blvd. & Stratford Road − Nearly 500,000 population and $64k average household income within primary trade area − Surrounded by super regional anchors including Costco, Sam’s Club & Target − New $20 million “The Lofts” development under construction down the road brining new population − Shared drive aisle access with Sam’s Club, Chick-Fil-A, Verizon, Jared Jewelers, PetSmart & Gander Mtn.

Tenant Highlights − Sleepy’s, LLC is the largest bedding retailer and the second largest mattress retailer in the United States − Tenant current employs~2,900professionals − Tenant has over 900 retail locations in sixteen states from Maine to North Carolina, primarily in the Northeastern, Mid-Atlantic and the Midwest − 10 distribution centers located throughout the country delivering over 3,000 mattresses daily − In 2009, Sleepy’s was named the fastest-growing furniture retailer in the US

1031 replacement property- try a NNN net leased property

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Need a 1031 replacement property for your 1031 Exchange? Forever leave the day to day management of your office building, apartment building or other gross-leased property behind.

Invest in a "hands-free" net leased property and spend your time doing what you want rather than dealing with tenant's needs.  Triple net leased properties (NNN) provide long term cashflow without the headaches of management.  Let the property work for you rather than you working for the property and enjoy the benefits of "mail box money".

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments. 1.866.539.1777

Here are just a few of the reasons why you should buy a NNN property for your 1031 exchange:

  • armchair investment- ease of management with tenant maintaining and operating the property
  • mail box money-  your monthly rent is yours, net to you, no expenses to pay
  • long term cash flow-  leases usually range from 10 to 25 years
  • high credit tenant- financially strong tenants usually publicly traded
  • good appreciation-  regular rent increases provide for increase in future value
  • non-recourse financing- lenders will loan on credit of tenant and strength of lease, waiving a personal guarantee by you as buyer
  • easier to sell- when time comes to sell, demand is almost always strong for a NNN leased property, even in down markets
  • higher residual value- net leased real estate is usually built-to-suit for retailers who have researched the market and location to find the best site to do business

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments for your 1031 exchange.

What is Triple Net NNN? Here is triple net lease definition

How To Find The Best NNN Properties For Sale

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NNN for saleFinding a good selection of NNN properties for sale is not as easy as you might hope. Because there is no reliable central repository of commercial listings, the NNN properties for sale in the market are typically spread across a number of different resources, only some of which are freely available to the public.

Internet Listings of NNN Properties for Sale

There are a few sites which present NNN properties for sale as well as other commercial real estate listings. The two best known, Loopnet and Costar Exchange, are in the process of merging. Both allow just about anyone to post listings of NNN properties for sale, as well as other property types. While Costar lets anyone search its database, Loopnet only gives full access to paying subscribers. The key problem with these sites is that many of the best NNN properties for sale never make it on to them.

Principal Listings of NNN Properties for Sale

Many principals, whether they are owners or developers, list their own NNN properties for sale on their websites. CrestNetLease and Kimco Realty are two such ownership groups that do this, and Bencor Development is an example of a developer that posts its NNN properties for sale right online. Although direct principal to principal marketing can yield you access to inventory, it is a great real of work to visit each of these sites. In addition, because you do not have an expert guiding you, you may not know which of the NNN properties for sale that you see are good deals and which are not.

Hire A Professional Broker to Bring You NNN Properties for Sale

The easiest way to find NNN properties for sale is also the best way. Instead of spending your time to scour the Internet to find just a small subset of the NNN properties for sale out there, hire a broker and let him do the work for you. Your broker should have not only a strong knowledge of all of the places to look for NNN properties for sale, but should also have insider access to listings that you may not be able to see. In addition, he should be able to guide you to not only good NNN properties for sale, but to the best NNN properties for sale for you and your specific needs. In addition, because most sellers will pay your broker’s commission, the service and guidance that he brings you should not even cost you anything.

{ Article: How to Choose the Best Triple Net Broker }

Buy a NNN Property

Or call Thomas Morgan, CCIM, a Triple Net NNN Broker, at 1-866-539-1777

The Pros and Cons of Triple Net Properties

Triple Net LeaseIn some ways, triple net properties are as much fixed-income investments as they are real estate vehicles. Offering little to no management responsibility and long-term fixed incomes with the potential for gradual increases, they act like bonds. However, underlying their financial structures, they are still real estate and carry the same eventual risks and challenges. Here are some of the pros and cons of triple net lease properties.:

Pro: Stable Income Con: Limited Upside Triple net leases are usually structured with a flat rent or with fixed increases. When you buy a $2,000,000 property at a 7.5 percent cap, you know that you can count on $150,000 per year for the life of the lease. Many triple-net properties also have rent increases of 1 to 3 percent per year built-in. They provide some growth, but don't necessarily keep up with inflation. However, this is no different from buying a corporate, Treasury or municipal bond with a fixed rate of return.

Pro: Long-Term 100% Occupancy Con: Risk of 100% Vacancy Most triple net properties come on the market with a lease of at least 10 years, with some having initial terms as long as 25 years. This gives you a long time during which you don't have to worry about partial or full vacancy. The drawback is that when the lease does expire, it's an all-or-nothing proposition. The same occurs in the event of a tenant default, although careful due diligence before purchase can reduce the risk of this occurring.

triple-net-lease-property-las-vegasPro: Attractive Cap Rates Con: High Price Relative to Underlying Value Single tenant properties typically trade at attractive cap rates that are hundreds of basis points above comparable non-real estate investments. They're also frequently priced lower than more traditional investment real estate alternatives on a cap rate basis. A large portion of their value comes from their income stream, though, meaning that they could lose value when vacant or as their remaining lease term decreases.

Pro: No Management Con: CapEx at Rollover True triple net properties are structured so that the owner has no responsibilities whatsoever during the lease period, while others transfer some capital expenditures to the owner. In either case, the ownership experience is very different from traditional real estate. However, when the lease rolls over, owners have to get involved in the re-leasing process and in any necessary capital expenditures to prepare for a new tenant.

What do you see as the benefits and risk?

Buy a NNN Property

Contact Thomas Morgan, CCIM Triple Net NNN Broker at 1-866-539-1777

Current NNN Cap Rates

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Here is a great chart of current asking cap rates for single tenant NNN deals. It is sorted by NNN tenant and NNN year built. Originally published in Western Real Estate Business May 2013. Data by Boulder Group.

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"Ignore the Recession" - More reasons to buy a Net Leased TSC

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TSC is one of my favorite NNN tenants. Nice buildings, great locations, solid financials, long leases, low management for owners; the list goes on and on. ABC News Nightline did a segment this week of why TSC is a "Recession Proof Retailer". TSC's internal strategy has been to "ignore the recession". It appears to have worked.

VIDEO:

[Buy a NNN TSC Property]

Here is a link to TSC's (TSCO) five year stock price.

Buy a Tractor Supply NNN Property

Net Lease Properties a Hot Commodity Due to Low Yields on Alternative Investments

Net Lease Properties a Hot Commodity Due to Low Yields on Alternative Investments

Today a 10-year government bond would yield a return of approximately 1.5 percent, while a net lease building offers returns from 5 percent to 8.5 percent or greater. There is also little risk associated with class-A net lease properties—as long as the location is good and the building is well-maintained there will always be tenants willing to sign leases even if the existing occupant leaves. This inspires greater confidence in conservative investors than the recently volatile stock market.

Walgreens NNN Deal Round Up

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Here is this week's round up of Walgreens NNN properties for sale across the the US. These Walgreens properties caught my eye as part of research for  Walgreens buyers I am working with.  Contact TMO for for details of these net leased Walgreens via email or 1-866-539-1777

walgreens NNN real estateWalgreens NNN in CA Price: $7,250,000 Cap Rate: 5.77% 60-Year Double Net Lease, -Rare Infill Location, -Over 650K Residents in a 5-Mile Radius, Hard Corner, Signalized Intersection, Strong Store Sales, Highly Visible Location. Learn more...

Walgreens Real Estate For SaleWalgreens NNN in CA Price: $11,060,000 Cap Rate:  5.75% Learn more...

Walgreens NNN in OK Price: $5,650,000 Cap Rate: 6.15% Ten (10), Five (5) year renewal options, Twenty-Five (25) year lease term with Seventeen (17) years remaining, 100% leased and guaranteed by Walgreen Co. (S&P: A) Learn more...

Walgreens NNN PropertyWalgreens NNN in TX Price: $7,285,000 Cap Rate: 6% Strong National Credit, Brand new 25 year absolute NNN lease, Signalized, Hard Corner Location. Learn more...

walgreens investmentWalgreens NNN in KY Price: $4,179,000 Cap Rate: 6.75% Strong corporate Guarantee -Walgreens co., ranked #32 fortune 500 list 2012, America’s #1 Drug store. Learn more...

More Walgreens For Sale

Contact TMO for for details of these net leased Walgreens via email or 1-866-539-1777

Deals are a sampling of available Walgreen NNN inventory from around the US and are for reference only. Subject photos may not be actual location and are representative of Walgreen locations in general.

Walgreens NNN sells for $27.8M

A Walgreens NNN in Vegas has sold for $27.8 million, or $1,736 psf, the highest price per square foot for a single-tenant leased drugstore in America. The WAG drugstore is open 24 hours with frontage on the Strip, able to take advantage of heavy foot traffic from nearly 40 million visitors to Las Vegas every year.

Walgreens NNN For Sale

Similar pricing hasn't been achieved since January 2005, the height of the commercial real estate boom, when a drugstore in Miami was sold for $19.5 million. The only comparable transaction was a drugstore in Fort Myers, Fla., that sold for $1,466 psf in August, according to CoStar.

Commercial listing service LoopNet shows a stand-alone WAG for sale in New York for $11.6 million, or $1,225 a square foot, and one in Los Angeles for $14.4 million, or $1,078 psf.  TMO represents the buyer of a WAG NNN in northern CA for $879 psf.

Walgreens NNN properties provide investors long term stable cash flows.  Contact TMO at 1-866-539-1777 for Walgreens for sale or

CLICK HERE to Buy a NNN Walgreens

News via Las Vegas Business Press :: News : Las Vegas Strip drugstore fetches record sale price.

Marcus and Millichap was the broker for the above Vegas Walgreens NNN sale.

Why are drug dealers the best tenants?

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Owning commercial investment property is a great pleasure especially when you have good solid tenants.

Marijuana pays the rent.

In Denver and California commercial retail property owners have found that "pot dispensaries" have filled vacant spaces in the down economy.

"Looking at California, the pioneer state of medical marijuana, shows how great the demand really is for medical marijuana. One study reported that Los Angeles county alone has over 800 marijuana dispensaries."

But the "high" does not last forever.

Considering pot is still illegal, it may be time to find another tenant.

What about a drug dealer that has $72 billion in revenue and a S&P rating of A?

This is not your back alley drug dealer. This drug dealer in on busiest corners. Has well lit parking lots. Incredible signage. Is open 24 hours an has 7,830 stores worldwide.

This drug dealer is Walgreens.

As a commercial property investor looking for long term passive income, you have to consider a Walgreens.  Walgreens typically signs 75 year leases.  Walgreens has the best locations. Walgreens leases are true triple net meaning the landlord has NO responsibilities. Absolutely none.  The owner sits back and deposits the monthly rent.

Triple Net Walgreens range from $4M to $12M and easily produce a 6%+ annual yield for an all cash purchase. Non-recourse financing is easy to obtain especially at 60% or less LTV at sub 5% interest rates which can increase the overall annual yield to 8% or better.

Here are some triple net Walgreens currently for sale around the US.  Contact TMO for more information on any of them or to set up a free no-obligation real estate investment consultation.

Walgreens NNN Real Estate For Sale

Walgreens NNN PropertyWalgreens NNN Real Estate

  • PA
  • $6,770,000
  • Cap Rate: 6.50%

Absolute-Net Lease of 75 years. "A" Credit Rating by Standard and Poors.

walgreens real estateWalgreens NNN Property

  • OK
  • $4,950,000
  • 6.61% cap rate

Located in the Oklahoma City MSA, Investment grade tenant, Over 22 years remain on lease, Adjacent to I-40 interchange

walgreens investmentWalgreens Triple Net Property

  • FL
  • $10,915,000
  • Cap Rate 6%

Rare rent increase, absolute NNN lease, daily traffic count exceeds 44,500

walgreens net leasedWalgreens Triple Net Real Estate

  • FL
  • $3,304,000
  • 5.75%

75 years simple Ground lease, irreplaceable corner location

walgreens NNN for saleWalgreens Net Leased Property

  • IL
  • $5,578,000
  • 7.35%

Established Walgreens Location Operating Since 1957. 60 Years Lease - Strong Store Sales. Less than One-Mile from Advocate Trinity Hospital.

Great NNN real estate.

Contact TMO about these NNN Walgreens. Toll free 1.866.539.1777 or e-mail.

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BUYER WANT: seeking new construction Walgreens for 1031 Exchange

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Walgreens NNN PropertyMy client is seeking new construction Walgreens for an upcoming 1031.  Please contact TMO with deals that match the following:

  • Walgreens anywhere in US
  • lease commencement in trailing 12 months OR upcoming in next 6 months
  • entire US
  • any price range
  • fee simple
  • no broker daisy chains

Please email TMO, connect on twitter @andrusmorgan or call 1-866-539-1777

Is there a NNN property want we can help you with?  We help triple net investors find and buy the best NNN properties in the US.  Contact TMO today for a free no-obligation NNN investment consultation: email TMO, connect on twitter @andrusmorgan or call 1-866-539-1777

BUYER WANT: single tenant NNN $2M to $7M for 1031 Exchange

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Looking for single tenant NNN deals anywhere in US.  Client will be in 1031 shortwalgreens NNN for salely and would like one property in $6-7M range but would maybe split among two properties. NNN purchase criteria:

-price: $2M to $7.2M -deliverable cap rate 7% or better -single tenant -S&P rated tenant -NNN or NN only -ideally 10 or more years left on lease

Please email TMO, connect on twitter @andrusmorgan or call 1-866-539-1777

These Passive Investments Pay You to Golf

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Every wish you were a golf pro or could get paid to golf? Get paid to do what you love.

At some point we all wish we could get paid to do what we love.  (see: doing what you love while getting paid) Does it matter where the money comes from?  Do you have to be Tiger Woods to get paid while you play golf?  No.  You can get paid by other sources while playing golf.

Passive investments allow you to be "passive" and collect money from the investments.  A business is active and Tiger Woods is a business.  He has to work to make money.  He has to show up.  He has to perform.  Then he collects.

Tiger does have many passive parts to his business like his endorsements which allow him to collect money while doing other things besides playing golf.  Regardless of his golf performance or his tabloid success Tiger Woods will be able to collect passive income for life just because he is Tiger Woods.

Unfortunately, you are not Tiger Woods.

However, you can still get paid to play golf.  Consider these passive real estate investments.  These triple net properties require little or no management and will pay you while you play golf, they will pay you while you travel, even pay you while you eat and sleep.  The leases are triple net so the tenant takes care of pretty much everything and you collect the rent check.... while doing what you love.

These triple net properties pay you to do what you love.

Contact TMO for more details on passive real estate investments like these triple net properties:

NET LEASED PROPERTIES for saleLowe's Net Leased Property $6,665,000 Excellent location across from a Walmart anchored retail corridor,Average Household income of $83,141 in 5mile radius,Absolute net lease, Attractive assumable financing requiring only $1.4M.

 

net leased propertyFedEx Net Leased Property $6,000,000 Cap rate 7.23% Fifteen (15) Year Lease, FedEx Corporate Guarantee (BBB), Expandable Facility

 

net leased propertyhhgregg Net Leased Property $6,143,000 8.50 % Situated on Major Retail Corridor with Over 78,000 Vehicles Daily, Irreplaceable Retail Location with Outstanding      Residual Value, Growing, Publicly Traded Regional Retailer with 174 Store Network

net leased propertyOrchard Supply Hardware Net Leased Property $11,110,000 Cap Rate 7.5% Rent increase by 11% in 2014, Primary lease, The Kroger Co - S&P rated BBB, Assumable $7.5 million loan

 

Starbucks Plaza Net Leased Property $4,604,000 8.20% Cap Rate 100% Occupied Strip Center with historically low vacancy. Mix of national, regional and local tenants, heavily Trafficked, Signalized Intersection Location.

net leased propertyNational Tire and Battery Net Leased Property $ 3,668,000 Cap Rate: 7.50% Brand New 20-Year Lease with National Tire and Battery.Cpi increases every Five year with max of 12 persent. New sweven year lease with American mattress. average household income in 1 mile radius - $129,000. over 11800 resident in 5 miles.

Contact TMO for more details on any of the above passive investments and net leased NNN property deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Buy a NNN Property

Deals are a sampling of available NNN inventory from around the US and are for reference only.

 

Walgreens NNN For Sale

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Walgreens real estate remains a highly sought after NNN investment.  Walgreens provide long term stable cash flows usually on an absolute net lease basis with no landlord responsibilities. Walgreens has a S&P credit rating of "A". Here are several NNN Walgreen deals I have come across in my buyer searches over the past few weeks.  Please email or call me at 1.866.539.1777 for additional information on any of these NNN Walgreens for sale.

walgreens NNN for saleWalgreens NNN For Sale Litchfield, IL $4,511,200 6.65% cap rate 14,820 Square Feet, Minutes from Lake Lou Yaeger, Excellent Hard Corner Location with High Visibility, Adjacent to Litchfield Plaza Shopping Center, Irreplaceable Litchfield Location, Adjacent to Hampton Inn and Holiday Inn.

walgreens real estateNNN Walgreens For Sale Hutchinson (Wichita), KS $4,945,000 Price 7.00% cap rate Over Fifteen (15) years remaining on Twenty-Five (25) year NNN lease fully leased and guaranteed by Walgreen Co. (S&P: A),  7.87% Average Yield.

walgreens investmentWalgreens NNN Affluent Westchester County $11,455,000 6.40% cap rate Offered free & clear, but many great loans available,Prime New York Metro real estate, Mature suburb of New York City

walgreens net leasedWalgreens Investment New York, NY $6,538,461 6.50% cap rate Located adjacent to Hartwick College, a prominent private college in the region,Strong credit tenant - Walgreen Co. (S&P A/Stable)

Walgreens NNN PropertyWalgreens NNN For Sale Phoenix Metro $5,500,000 5% cap rate Trophy asset, 10% rental increase every 10%, America's #1 Drug store, Excellent demographic

 

Contact TMO for more details on any of the above Walgreens NNN properties and net leased NNN property deals via email or phone at 1.866.539.1777.

Deals are a sampling of available Walgreen NNN inventory from around the US and are for reference only. Subject photos may not be actual location and are representative of Walgreen locations in general.

How to Select the Best Triple Net Broker

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Given that a net-leased investment typically costs millions of dollars, finding a good triple net broker is particularly important. Working with a good triple net broker will give you better access to inventory, better financing, and a better investment result. Here are a few things to look for in your quest for a top-line triple net broker. Fundamental Knowledge Many of the triple net broker firms in the market lack a solid understanding of the fundamentals of an NNN investment. Look for a triple net broker who knows the difference between a double net, a triple net, and a "true" triple net lease. Your triple net broker should also understand the credit rating system, as this will help them, and you, measure the risk of a given tenant.

Access to Inventory A strong NNN broker will have a large and diverse inventory consisting of a mixture of their own listings as well as properties offered by other triple net broker companies and off-market deals. This will let you choose from a number of different properties to find the right mix of lease terms, lease length, and tenant quality.

Access to Financing A good triple net broker knows that the lender can make or break the deal. As such, you should look for a triple net broker who either has an in-house commercial mortgage broker or a strong relationship with an outside broker. Your triple net broker should also understand the many different financing options available, including bank financing, life insurance financing, conduit debt and the "CTL" credit tenant lease programs that provide long-term fixed rate debt for NNN assets.

Client-Focused Business Your triple net broker should take some time to get to know you and your goals. They should then show you appropriate property. If, for instance, you express a desire to have long-term stable income and your triple net broker shows you properties with five or fewer years remaining on the lease, you may want to select someone else. Watch for a NNN broker who does not attempt to saddle you with more debt than you want. Although some debt carries a number of benefits, it also carries risk, and a good triple net broker will help you strike the right balance.

Experience Your triple net broker should have a few deals under his or her belt. Although some of the most active triple net broker teams in the company focus on seller representation, there are a large number of good buyer representatives who have amassed a large resume of experience. Work with a triple net broker like that, and if they have a well-respected designation, like CCIM, that is an additional plus.

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments. 1.866.539.1777

This week's NNN deals

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TMO has scoured the NNN market this week and has sifted through hundred's of triple net properties. Here are the top five NNN deals worth taking a look at for your triple net investment. Contact TMO for more details on any of the following deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan KFC Quincy, Florida $1,075,900 Cap Rate: 7.25%

Walgreen’s Chicago, IL $7,238,800 Cap Rate: 6.7%

Gold’s Gym Grand Junction, CO $10,825,000 Cap Rate : 8.25% Built in 2007, this 53,640 gym will offer a brand new 15year NNN upon close of escrow, including three 5year options and rental escalations every 5years during the base term and annually during the option periods. One of the highest performing Gold's Gyms in the state if not the country. Located just south of a WalMart Super Center, Sam's Club, Golden Corral Buffet, Office Max and GameStop

Brand New Verizon Wireless Retail Store Jacksonville, FL $1,312,400 Cap Rate: 9.00 % * Strong Tenant Cellular Sales of Knoxville, Inc. has 400+/ Units * Corner Location Opposite Corners are Walgreens, CVS/pharmacy, and Compass Bank * Brand New 10Year Lease with Growing Tenant * Ten Percent Increase Every Five Years

Family Dollar Stores, Inc. Saginaw, Michigan $768,750 Cap Rate : 8.00% * Ten (10) Year NN lease with approximately 5.5 years remaining in base lease term * Four (4), Five (5) year renewal options still in place offering * Attractive 10% rent increases every Five (5) years

Contact TMO for more details on any of the following deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Deals are a sampling of available NNN inventory from around the US and are for reference only.

What is Triple Net NNN? Triple net lease definition

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What is a Triple Net Lease? Here is a quick summary of the triple net lease definition: A lease in which the lessee (tenant) pays rent to the lessor (landlord), as well as all taxes,insurance, and maintenance expenses that arise from the use of the property. The base rent is "net" to the landlord and landlord does not pay any expenses for operation of the property.

triple net lease NNNWhat Does Triple Net Lease Mean? A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease. The structure of this type of lease requires the lessee to pay for net real estate taxes on the leased asset, net building insurance and net common area maintenance. The lessee has to pay the net amount of  three types of costs, which how this term got its name: net, net, net or NNN or Triple Net

Triple Net Lease is also be referred to as a "net-net-net lease" or a "hell or high water lease"

This is how Investopedia explains Triple Net Lease

For example, if a property owner leases out a building to a business using a triple net lease, the tenant will be responsible for paying the building's property taxes, building insurance and the cost of any maintenance or repairs the building may require during the term of the lease. Because the tenant is covering these costs (which would otherwise be the responsibility of the property owner), the rent charged in the triple net leaseTriple Net Lease is generally lower than the rent charged in a standard lease agreement. This is also called the net rent or base rent.

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments. 1.866.539.1777

Typical net leased properties and net leased investments are leased to investment grade credit tenants such as:

  • Walgreens
  • Best Buy
  • Home Depot
  • Lowes
  • Wal-Mart
  • McDonalds
  • Burger King
  • Auto Zone
  • Checker Auto
  • Tractor Supply Company
  • and many other triple net lease tenants

Net Lease Properties News You Should Know About

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This Week's Net Lease Properties News We stay updated on what is happening in the NNN market and thought you would want to also.  Here are some of the top stories this week from around the country.  If you don't feel like reading it, simply call Thomas and he can tell you about it: 1.866.539.1777.  Enjoy!

Lucrative Investment Opportunity-net Lease Retail Condo | Get Loans Reston, VA-Net lease investors interested only in freestanding retail properties are ignoring a very lucrative investment opportunity–net lease retail condos. These properties offer many of the same benefits as traditional net lease ... more net lease properties news

Faris Lee To Market 1M-SF Net Lease Retail Portfolio “We'll go out with the net leased properties first, followed by the vacant properties.” Faris Lee Capital, Faris Lee Investment's financial arm, ... more net lease properties news

Costco Net Leased PropertiesGlobeSt.com - Events & Networking - RealShare Net Lease 2011 One ticket to RealShare NET LEASE networking conference ... to explore major international property development projects, connect with potential partners, ...more net lease properties news

Tower Radiology sells four offices to Broadstone Net Lease Tower agreed to a 15-year, absolute net lease as the single tenant within each property. The medical group retains control of its own property management ...more net lease properties news

As you know, TMO offers clients a full range of passive real estate investments and Triple Net Properties.  These real estate investments provide passive hassle free cashflows, reduce or defer tax liabilities, and provide peace of mind.

NNN Properties For Sale

You may also be interested in: triple net lease definition, net lease properties, net lease drug stores, and net lease investments, if so contact TMO today for a FREE evaluation of your NNN purchase or NNN selling needs.  TMO can be reached by email here or via phone at 1.866.539.1777 or twitter: @andrusmorgan  Hope to hear from you soon!

What is Triple Net NNN? Here is triple net lease definition

The Triple Net Lease Alternative

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Walgreens NNN PropertyPeople today wish to find other alternatives to invest in. One of the primary main reasons why companies elect to invest in many different areas is to diversify their portfolio. Working with a diversified portfolio can offer several advantages for folks and their finances. The most important thing about working with a diversified portfolio is that it reduces the risks for investors. Since their finances are spread in different areas, covering plenty of ground can make certain losses won't be as devastating compared to putting all of your eggs in one basket. Creating a diversified portfolio also opens up more chances to make money, as returns come in from many different investments. Triple net lease investments are just a number of the investment alternatives that many individuals are seriously considering today. With an NNN lease or a leaseback property investment, people have the option to invest in areas with quick and favorable returns on investment.

A triple net lease is a viable option for most investors who are thinking of extending the scope of their portfolio. An NNN lease is a kind of lease arrangement in which the tenant, also called the lessee, becomes accountable for the expenses that are pertinent to the asset that is being leased along with the agreed upon amount for the lease's rent. Because of the setup, the rent offered for the lease is typically lower than what one would expect from the particular property. Among the responsibilities that the lessee has to accept are the building insurance, common maintenance and area upkeep, and the real estate taxes on the leased assets. All the payments required are paid in net. There are many opportunities which can be beneficial in such situations, and investors should definitely explore such alternatives.

One additional alternative for most investors is the leaseback. A leaseback is a term in real estate related to a structure in which a property owner sells their own property while still staying and leasing it from the new owner. The United States is slowly coming into such alternatives today, which began as a popular thing among Europeans for some time now. Having a leaseback option, many people consider it to be better than getting a credit line that will require monthly payments. This procedure can be extremely rewarding for both the seller and the investor. However, the arrangement gives a lot of the risk on the entities buying the leaseback property. This makes it important to have a great deal of research accomplished prior to sealing the deal. There may be issues where the original leaseback property owner is coping with a lot of financial problems. There may also be instances where taxes and the IRS are involved. Investing in properties with such issues attached is undoubtedly a bad idea. Make sure that the property is well-kept and is properly managed financially first before purchasing anything.

Triple net lease and leaseback choices can certainly help people with developing a better investment portfolio. Checking out these options can definitely provide more returns while reducing investment risks at the same time.

DevinAdams is a property investor who knows how you can earn from triple net investments. You can find plenty of excellent investment opportunities that Cincinnati real estate investors can help you with.

What is Triple Net NNN? Here is triple net lease definition