Here in this article, we are here with the Sample NNN properties for Sale along with the advantages and all the ways one should approach a lease agreement such as Gross lease, Net lease, NNN lease, NN lease, Absolute lease, or Bond lease. The differences between these common structures have been explained here.
These lease structure agreements describe the term of the leases. In the case of a gross lease, all the gross, also known as operating expenses of the property, are handled by the landlord: Like property insurance fees, maintenance costs, and real estate taxes are paid by the landlord of the property. A net lease requires a rent payment that covers the operating expenses net or excluding individual costs. The more ‘nets’ the lease will have fewer property expenses, the lease payment will cover. Now let’s discuss it in detail and know why NNN investments are popular among real estate investors and how we should make the choice of location.
Now the question that hits the mind of the investor is What ‘triple-net lease’ investment is?
‘NNN lease’ are the contracts under which an agreement occurs between the tenant and owner of the property. Sometimes these leases are also known as ‘triple-net lease,’ under which the tenant of the property pays all the property expenses along with the base rent. Allowing the property owner to get relief from all the burden of paying the maintenance expenses of the property. This is the best type of investment which the investor chooses for the steady flow of income from the property they own without spending anything. Under this, the tenant of the property also pays expenses like utilities, insurance, etc. The base rent under a NNN lease is low as compared with the gross lease.
Before knowing about Sample NNN properties for Sale, an investor should know about the choice of location:
Strong demographics and the prominent parcel is the key to success. Therefore when the investor purchases a NNN property, the essential point to be considered is the location. The investor who decides to buy the property should have a good number of residents who require the product or the tenants’ service. The property must be reachable from the main road; easy access for the client should be there to enter and leave. The locations that are close to many tenants have the benefit of being treated as a destination for shoppers.
For example, a substantial retail property can be located on a prominent street with surrounding tenants such as Wells Fargo, Chase Bank, Walgreens, CVS, Wal-Mart, Home Depot, Lowe’s, McDonald’s, Chipotle O’Reilly, AutoZone, 7-Eleven, etc.
Some of the examples of NNN properties are :
- AutoZone in Michigan for $2,697,921
- Wells Fargo in California for $5,400,513
- McDonald’s in Virginia for $2,285,840
- Chase Bank in North Carolina for $5,000,130
- Starbucks in Texas for $1,355,890
- Taco Bell in Massachusetts for $1,599,450
- Advance Auto Parts in Indiana for $1,187,312
- Walgreens in Florida for $9,500,318
- Chili’s in Missouri for $1,397,500
All the information given above is thought to be knowledgeable for you and has been researched. To talk to our experts regarding the 1031 exchange, you can call – 888-876-6005, or you can Click here to contact one of our Advisors to know more about NNN properties. For more information, you can mail us at firstname.lastname@example.org.