Discount retail store company Dollar General Corp., announced Wednesday that it would open 635 new stores this year and add 6,000 new jobs.
via Dollar General to open 635 stores, add 6,000 jobs - Businessweek.
NET LEASED PROPERTIES for sale
These net leased properties caught my eye and would make great investments. Please contact me for more details: email or 1.866.539.1777NET LEASED PROPERTIES for sale from around the U.S.
Jared - Galleria of Jewelry net leased NNN property
$1,915,789
9.50% cap
Baton Rouge, LA
New 20 year absolute NNN lease. Zero Landlord responsibilities. Scheduled 10% increase every 5 years.
Lowe's Home Improvement net leased NNN property
Dayton MSA, Ohio
$12,057,000
6.75% cap
The property is 100% leased to Lowe's Home Improvement. As of January 29, 2010, Lowe's Home Improvement had total revenue of more than $47.2 billion, a net income of approximately $1.78 billion and a net worth in excess of $19 billion. Lowe's Home Improvement currently holds an A+ rating with Standard & Poor's.
CVS Pharmacy Ground Lease net leased NNN property
Southwick, MA ( Springfield )
$2,750, 000
6% cap rate
New 25 year Absolute NNN Lease. 100% free simple interest. Scheduled 5% rent Increase every 5 year. S&P BBB+ Investment Grade Credit. Hard Corner Location.
CVS packages Tampa, FL $27,939,871 7% cap rate Three-2 store NNN CVS Packages. Both stores must be bought together in each package. Below market financing must be assumed (matures June, 2015)
Contact TMO for more details on any of the following net leased NNN property 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
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.
What 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 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
