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. Stan Johnson Company is the largest net lease team in the commercial real estate industry. Thus Triple Net Lease gives companies control over a property they occupy without the capital commitment of ownership. If you work in commercial real estate, you surely at least know that triple net (NNN) leases are a common practice. Triple Net Investment Group Conclusion. Since 1975, Walter Duke + Partners has completed over 1,000 Florida Triple Net Lease Appraisal assignments, valued in excess of $2B. For more information on available triple net lease properties available for investment, contact Sands Investment Group today. Our agents have helped investors find net lease properties all over the country, and our national presence can help investors find some of the most valuable triple net leasing opportunities anywhere. On our lease, the landlord must figure the expenses and send a report to the tenants every year. 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 Triple Net Lease Wawa Gas Station Florida, New Jersey Corporate Stores Absolute triple net leased locations, ground lease corporate stores, no landlord responsibilities with 7% rent increases every 5 years. The triple net costs are estimated at the beginning of the lease, but they can go up or down based on the actual expenses accrued. Normally, loan quotes are obtained within one business day. 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. 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. 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. Triple Net Lease Appraisals. 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. 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 They are not the owners of the buildings. The lender might be an insurance company, pension fund, REIT, Specialty Bank, or a Wall Street firm (CMBS). Factors such as long-term leases with guarantees from rated companies and multiple options for the tenant to extend their lease all point to why investors are drawn into the pharmacy sector. 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." Investing in Triple Net Lease Properties speed is often a factor. WELCOME TO WESTWOOD NET LEASE ADVISORS. By working with Triple Net Companies, you have access to new, off-market properties. 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. We work with many 1031 Exchange buyers who are under very stringent time constraints. The tenant executed a 20-year, triple net lease in 2017 with 2% annual escalations. Triple Net Companies is a BUYER's broker and a FREE service. Pros of Triple Net Lease. Triple Net Lease Adviser Overview. Triple Net Lease REITs are a great addition to your portfolio if you’re trying to build up a reliable income stream fast. Denenberg Realty Advisors sells Triple Net Leased properties throughout the United States. The Finer Details of a Triple Net Lease. 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. There is a landlord who owns the building and the company leases from them. You’ll need property and casualty insurance for that, explained in Triple Net Leases: Property and Casualty Insurance. A triple net lease requires a tenant to pay the landlord rent and to be directly responsible for property taxes, insurance, and maintenance. 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. Summary. Double net leases, like triple net leases, are usually, though not always, single-tenant arrangements, however, the landlord carries some extra financial maintenance obligation. 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. At Triple Net Lending, we help brokers and borrowers understand how to get the most value from a NNN lease property. 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 … That’s the kind of surety anyone trying to build up retirement money really needs these days. 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. NLI is a team of real estate investment professionals focused on single tenant net leased properties. We continue our "REIT Rankings" series with the triple net lease sector. Thomas Company is pleased to announce the sale of a +/- 32,600 square foot McLendon Hardware store located in Sumner, WA. 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. 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. 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. 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. Net Lease REITs have been a relative safe haven amid historic market volatility related to the COVID-19 outbreak. We pride ourselves on being the very best net lease investment property sales company in Michigan and nationwide. Savvy investors seek the most return for the least amount of effort. There’s also a high possibility that your company will be the primary tenant of the building. PDQ is recognized as one of the best new names in the fast casual industry and their stores have premier retail locations with high traffic counts, making it a high demand net lease investment. If you have such a property for sale and would … 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. Welcome to Fortis Net Lease. Contact our brokers for a partnership beyond your expectations. read more Active and in-depth due diligence, prior to closing, is a must. 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 . The sale represents the fourth McClendon Hardware asset sold by Thomas Company on behalf of our client. 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. As with a standard lease that does not include electricity, a renter considering a triple net lease needs to … PDQ, a private company, burst onto the fast casual food scene in 2011 and has since grown to 54 locations. Our brokers are experts in their product type, from restaurants to retail and everything in between. Insurance: With a triple net Triple Net Lease – this type of lease absolves the landlord of the most risks as compared to any net lease. Summary. GlossaryTriple Net LeaseRelated ContentAlso known as net-net-net or NNN. Our wide-ranging clients include high net worth individuals, large institutional investors, life insurance companies, and pension funds. 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. 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. 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). 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. 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. When your company is looking for a property to lease, you may encounter a type of lease known as a triple net lease. 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.