Triple Net Lease Adviser Overview. We pride ourselves on being the very best net lease investment property sales company in Michigan and nationwide. Triple Net Lease Appraisals. Investing in Triple Net Lease Properties speed is often a factor. As with a standard lease that does not include electricity, a renter considering a triple net lease needs to … Wawa is a private multi billion dollar corporation that has over 500 stores nationwide and focusing on expanding in the South Florida area, call for more sales information A triple-net (NNN) commercial lease agreement is a contract between a landlord and a tenant that pays for the three (3) ‘nets’, property insurance, real estate taxes, and common area maintenance (CAM).These costs are usually estimated for the year and incorporated into the rent on a monthly basis. They are often found in conjunction with a sale of real estate, followed by a lease back of the same property by the seller so that the seller can continue in … Thus Triple Net Lease gives companies control over a property they occupy without the capital commitment of ownership. Thomas Company is pleased to announce the sale of a +/- 32,600 square foot McLendon Hardware store located in Sumner, WA. With this type of lease, all operating costs including maintenance and repairs must be paid by the tenant in addition to the rent, property taxes, and insurance premiums. A triple net lease is similar to a standard lease in which the tenant has low monthly rent payments but has to cover expenses, such as gas or electricity as well. The Finer Details of a Triple Net Lease. Active and in-depth due diligence, prior to closing, is a must. WELCOME TO WESTWOOD NET LEASE ADVISORS. If you have such a property for sale and would … As I mentioned before, one of the great advantages of the triple net lease is the lease will last 15 to 20 years, and within that lease, every five years or so you're going to have rent increases. Normally, loan quotes are obtained within one business day. A triple net lease—sometimes referred to as an NNN lease, a net-net-net lease, or an absolute net lease—is a commercial leasing term that refers to a situation in which the tenant pays virtually all the operating expenses associated with maintaining the property he's renting. There’s also a high possibility that your company will be the primary tenant of the building. Amongst the various sectors in the net lease world, the pharmacy sector continues to be a reliable and safe area for investors to put their money. It’s important to understand that Commercial General Liability policies won’t cover damage to or loss of property that you or the landlord own or for which you might be responsible (such as rented equipment). There is a landlord who owns the building and the company leases from them. When your company is looking for a property to lease, you may encounter a type of lease known as a triple net lease. On the other hand, it is very possible for financial strong and publicly traded tenant to fall out of favor over the term of the lease and ultimately go bankrupt . A triple net lease requires a tenant to pay the landlord rent and to be directly responsible for property taxes, insurance, and maintenance. On our lease, the landlord must figure the expenses and send a report to the tenants every year. Therein lies the appeal of triple-net properties, which offer the chance to work with major commercial tenants while at the same time handing off some of the biggest responsibilities any property owner will face. Summary. For more information on available triple net lease properties available for investment, contact Sands Investment Group today. A shorthand term for net lease (the purpose of which is to separate out the costs of ownership from those of operating the property) where the tenant pays:Base rent.Additional rent to reimburse the landlord for the costs associated with the operation, repair, and maintenance of the building and any common areas. Pros of Triple Net Lease. For example, not many today doubt the strength of a triple net Walgreens investment since the lease is guaranteed by the parent company, which is publicly traded and financially strong. Our brokers are experts in their product type, from restaurants to retail and everything in between. Our commercial real estate team has broad experience financing and refinancing NNN leases for permanent and construction investments and facilitating tax strategies, including 1031 exchanges.. We locate financing from a wide range of sources. NNN transactions are subject to standard real estate due diligence, including location, local market conditions, building size, quality and use, and the lease terms, etc. By working with Triple Net Companies, you have access to new, off-market properties. Triple Net Investment Group Conclusion. read more The triple-net lease is well suited to sale/leasebacks as a way to transition the selling company from having absolute control over its surroundings to a situation where it merely is a "lessee." Triple Net Lease – this type of lease absolves the landlord of the most risks as compared to any net lease. Westwood Net Lease Advisors specializes in nationwide single-tenant, triple-net (NNN) lease property investments with a heavy focus on retail stores including dollar stores, pharmacies, convenience stores, fast-food QSRs, auto parts, medical clinics, and banks, as well as office, industrial, and warehouse facilities. Triple net leases are a popular lease structure in commercial leases of freestanding buildings, yet companies should carefully consider entering into these agreements, as there are particular risks associated with triple net leases. Savvy investors seek the most return for the least amount of effort. Denenberg Realty Advisors sells Triple Net Leased properties throughout the United States. The tenant executed a 20-year, triple net lease in 2017 with 2% annual escalations. They are not the owners of the buildings. With over $1 billion in completed transactions, NLI understands the importance and value expert representation can bring to achieve the best results for our clients. NLI is a team of real estate investment professionals focused on single tenant net leased properties. That’s the kind of surety anyone trying to build up retirement money really needs these days. We work with many 1031 Exchange buyers who are under very stringent time constraints. You’ll need property and casualty insurance for that, explained in Triple Net Leases: Property and Casualty Insurance. The three mentioned above have been steadily paying dividends and raising them every year for about 20 years, or more in the case of NNN. Another variation of the NNN lease is the NN lease or "Net-Net" lease which is pronounced "double net" where the "net" amounts generally are property tax and insurance. Sands Investment Group is America's fastest growing triple net lease company, specializing in the buying and selling of NNN lease properties for private institutions and investors nationwide. Despite the emotional response that may be generated by the change in status, the sale/leaseback provides a number of advantages to both seller and buyer. We continue our "REIT Rankings" series with the triple net lease sector. If you work in commercial real estate, you surely at least know that triple net (NNN) leases are a common practice. Contact our brokers for a partnership beyond your expectations. GlossaryTriple Net LeaseRelated ContentAlso known as net-net-net or NNN. Since 1975, Walter Duke + Partners has completed over 1,000 Florida Triple Net Lease Appraisal assignments, valued in excess of $2B. Our wide-ranging clients include high net worth individuals, large institutional investors, life insurance companies, and pension funds. Triple Net Lease Investment; Real Estate Investment Trust (REIT) 1033 Exchange; Delaware Statutory Trust (DST) ... Triplenetlease.com is a new addition to the web portal chain of an established, reputable, and innovative company Investment Net LLC having ample experience of more than 15 years along with stability in the 1031 exchange arena. You’re most likely to encounter a triple net lease if you’re looking to sign a long-term lease of 10+ years in a freestanding commercial building. Net Lease REITs have been a relative safe haven amid historic market volatility related to the COVID-19 outbreak. When we took over the building, the tenants were paying NNN costs of $1.50 a square foot. The best triple net properties are sold before they're listed because developers share their properties under construction with their favorite brokers. Stan Johnson Company is the largest net lease team in the commercial real estate industry. Triple Net Lease Rates start as low as 3.50% (as of March 12th, 2021) • Single tenant loans up to 75% LTV • No upfront application or processing fees • Simplified application process Double net leases, like triple net leases, are usually, though not always, single-tenant arrangements, however, the landlord carries some extra financial maintenance obligation.