The major benefit to the net lease real estate structure is the tenant(s). Triple-Net Vs. Insurance Premiums. A triple net lease (NNN) assigned sole responsibility go the tenant for sum costs relating to the asset being leased, at adding to rent. Create a merchant account on US Legal Forms and start generating your life a little easier. This Opportunity Offers a Long-Term Absolute Triple Net (NNN) Lease With a High Quality and Established Tenant in the Desirable Florida Market. support@creop. Most often, triple net leases are long-term (10. Single Net Lease (N Lease) Double Net Lease (NN Lease) Triple Net Lease (NNN Lease) Absolute Triple Net Lease/Bondable Lease. is your Alabama NNN properties and Triple Net Lease source. A triple net lease or “NNN lease” is a specific type of lease agreement that offers unique advantages to both landlords and tenants. " 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. For property investors, who want to own a revenue-generating property. Also known as the “absolute triple net lease” or “true triple net lease,” a Bondable Lease is the fourth type of net lease and is considered the most extreme variation of a triple net lease. Results. A triple net commercial lease, also known as an NNN lease, is an agreement between a property owner and a tenant where the tenant generally absorbs most of the major costs and expenses for the property, including: Monthly Rental Fees for the Building or Space. Texas NNN lease properties offer benefits to landlords and tenants alike. According to CBRE, for the year ending in Q2 2021, net-lease investment surged by 3. Triple net leases:Cons to Triple Net Lease Properties. generally referred to as a "net lease". Absolute Triple Net (NNN) Ground Lease Featuring Low Rent on Approximately 2. 2. SAB Capital is pleased to present a single-tenant Kohl's in Omaha, NE, the most populous city in the state. Among the different lease types, Triple Net and Absolute Net Leases are most often confused. Single-tenant Net-Net-Net properties are much more probable to have absolute triple-net leases in place with no management responsibilities or costs borne by the landlord. An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent. Sands Investment Group is Pleased to Present Exclusively For Sale the 3,256 SF Kid City USA Absolute NNN Located at 1516 Norman Street NE in Palm Bay, FL. Low Rent at $17. 1 billion of commercial real estate space for lease. Renewal Options: 4 x 5 Years. There are four types - single, double, triple and absolute triple. The term length of an NNN. ft. With Rare Annual 1. Rental Increases: 10% Every 5 Years. 67 million) and have a net operating income (NOI) of $366,000 and a lease of $414 per square foot. Net Lease World offers a wide selection of triple net lease properties from across the U. 65 million to $3. Properties advertise 6. ADENINE triple net lease (NNN) assigns sole responsibility to the tenant fork all costs relating to one blessing being chartered, in addition to rent. This arrangement offers benefits to both landlords. Absolute Triple Net Lease / Bonded Lease: In an absolute net lease, the tenant pays a base rent plus all operating expenses. Triple net leases are common with large single tenant properties such as national restaurant chains and are popular because they offer a turn-key investment. Unlike the other net leases, the expenses are billed directly to the tenant and. In addition, we pay for the Buyer's closing costs up to a. New stores operate with a 15-year absolute NNN lease. If you have a property manager collecting the rent and handling any issues with your tenant. The property is a single tenant net leased asset occupied by Lone Star Steakhouse & Saloon on a 15 year absolute net lease. These leases have two rent calculation methods, gross and net. These net-lease properties sell at a reasonable price point, between $1. In this article we’ll take a deep dive into the NNN lease, dispel some common misconceptions about the triple net lease, and then finally we’ll tie it all together with a clear and concise. Often, investors will hang on to a triple-net property and use it as an equity builder for at least five years, and then sell the property when the market peaks, the population spikes, or when they are ready to tap that equity for their next investment. An absolute triple-net lease or bond lease is triple-net lease with one key difference: under no circumstances can a tenant cancel the lease. WellSpan Health Center & Residential Units | Stevens, PA Sands Investment Group is Pleased to Exclusively Offer For Sale the 31,721 SF WellSpan Health NNN Asset Located at 63-65 West Church Street in Stevens, Pennsylvania. While triple net leases offer several benefits for tenants, there are also challenges and drawbacks to consider. If you have a property manager collecting the rent and handling any issues with your tenant. Omaha, Nebraska. The landlord is still responsible for all. Monthly NNN = ($4 x 3,000 sq. Most net lease REITs remain deeply undervalued, and we expect 30-50% upside, in. A triple net lease is one whereby the tenant is responsible for the monthly rent in addition to the property taxes, utilities and maintenance. The absolute triple net lease is an extreme form of an NNN lease where the tenant absorbs all of the real estate risk and responsibility. Status: For Sale. This gives them more freedom in the lease regarding certain costs and utilities. This Opportunity Includes a High-Quality Tenant With a Long-Term Absolute Triple Net Lease (NNN) and Zero Landlord Responsibilities, Providing For a Secure Investment. 4. A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. An LOI is a time saver. Sample Clauses. In triple net lease agreements, also known as the NNN leases, the tenant pays for all utility costs. Triple Net Lease or NNN lease. A net lease is the most common commercial lease. Performing a 1031 exchange for a NNN lease property can save those tax dollars. Per leases commonly include property taxes, property insurance. Founded in 1958, the company. Lease Expiration: 8/2029. The tenant is then responsible for the payment of these costs either directly or as additional rent. Absolute Net Leases. Triple net lease investments typically consist of a single property or a. S. For an investor, this is a great opportunity to grow your investment portfolio with a relatively safe NNN property. Triple net leases, or NNN leases for short, are similar to Abs NNN leases in that they require no landlord responsibilities. Among the different lease types, Triple Net and Absolute Net Leases are most often confused. In. and Canada. The landlord has no financial obligations; thus, this lease offers the highest level of financial responsibility for the. A triple net lease (NNN) is a common type of lease structure in which the Tenant pays the expense to operate the property in addition to the base rent. Lease Expiration: 11/21/2031. It offers exclusive research on the global REIT. This is a Corporately Guaranteed Lease With 10 Years in the Initial Term, 10% Rent Bump in Year 6 and Four 5 Five Year Options to Renew. , commonly referred to simply as BJ's, is a membership-only warehouse club chain operating on the United States East Coast, as well as in. Lease Type: Absolute NNN Ground Lease. With that said, in order to fully understand the NNN. 00%. They also include other lease terms like direct depositing rent and the day it’s. The tenant is responsible for paying rent as well as all expenses. Absolute Net lease. Restaurants and has been operating at this location for the last. Leases are corporate guaranteed, which means you have the credit of a $30+ billion company guaranteeing the lease. Asset Flexibility. Lease Expiration: 5/14/2030. A. A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. ft. Jiffy Lube net leases offer investors long term leases with plenty of rental increases. Offering low rent may make it easier to find a tenant, so that this arrangement may be an advantage to both parties. NNN properties in the market are occupied by a single renter who is responsible for expenses beyond base rent. [1] A triple net lease that includes the three nets is particularly common and is often abbreviated in writing as ". With triple net leases, the tenant deals with property maintenance and pays taxes and insurance leaving the property owner with much more time and capital to invest in. The term "net lease" is often used as a shorthand expression for any of these arrangements. Cap rates, considering market fluctuations, are typically between 5. $3,679,245. 03 Absolute Triple Net Lease. These costs are divided into three “Nets. The triple net lease is the opposite of the gross lease. In a triple net lease, the three "nets" relate to property taxes, building insurance, and common area maintenance costs. Read Additional thought leadership content from SIG, specializing in absolute triple net lease opportunities. One of the Largest Wholesale stores on the east cost, this absolute triple net lease property with zero management offers the buyer a secure steady income with a major credit tenant. Sands Investment Group is Pleased to Exclusively Offer the Absolute NNN Ground Lease Property For Sale Located at 13010 S US Highway 301 in Riverview, Florida. Minimum Loan Size $1,500,000. If all renewal options are exercised, the full term may be 40 years or more. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth. Single Net Lease: Tenants pay property taxes. Triple net leases, or NNN leases for short, are similar to Abs NNN leases in that they require no landlord responsibilities. NNN Tenant of the Quarter 2022 – Dollar General. It is the opposite of gross or fully serviced lease. Rental Increases: 5% at Options. Each corporate-guaranteed lease offers strong rent. Lease Expiration: 6/30/2029. Ownership Fee Simple Courtesy of. 4. In triple net lease agreements, also known as the NNN leases, the tenant pays for all utility costs. 5% every year or 10% every five years. Premises: 12,718 SF. Sands Investment Group is Pleased to Exclusively Offer For Sale the Absolute Triple Net Lease NNN Investment Opportunity Located at 100 East Blake Street in Yreka, California. Absolute Net Lease. A condition of a Triple Net Lease stipulates that the tenant is responsible for certain expenses associated with the property’s operation in addition to the basic rent. Starbucks is a prime example of a modified NNN lease. This Freddy’s sale-leaseback features a 20. Sands Investment Group is Pleased to Exclusively Offer This Absolute Triple Net Ground Lease Investment Opportunity Located in Hopkins, South Carolina. ). This Lease is what is commonly called a “Absolute Triple Net Lease,” it being understood that Lessor shall receive the Base Rent set forth in Section. Lease Expiration: 5/31/2029. There are different types of Tennessee Triple Net Leases that landlords and tenants can consider based on their specific needs: 1. g. Whether you’re already a Texan, you’re considering a move to the Lone Star State, or you simply want to find an out-of-state investment property, south-western triple net lease options deliver high-performing real estate prospects that cannot be passed by. Home Home Page;. Sands Investment Group is Pleased to Exclusively Offer For Sale the Owner/User Opportunity Located 4010-4012 N Graham Street in Charlotte, North Carolina. 5% Increases and an Absolute Triple Net (NNN) Lease, This Deal Offers a Long-Term Secure Income Stream, Compounding Hedge Against Inflation With a Pandemic, Recession and an Internet Resistant Tenant. The triple net or NNN lease is considered a “turnkey” investment since the landlord is not responsible for paying any operating expenses. ). For these reasons and more, Westwood Net Lease Advisors has selected the fast food and QSR asset class as our NNN Tenant of the Quarter, Q2 2023. Long-Term 11 Year Absolute Triple Net. You can check that out at DanOnTop. 3. 2. 1 “Triple Net” Lease. We offer our Buyers Free Buyer Representation, since we get paid from the Seller. While landlords and tenants may consider the triple net as the most advantageous of the three leases, it can backfire in an expensive way. 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. These expenses are categorized as "three nets": property taxes, insurance, and maintenance, and the net lease types refer to which of the expense ‘nets’ are covered by the tenant. 65 million to $3. You can search for a NNN lease based on state, sector, tenant name, pricing, and more. Four 5 year options with all corporate guarantees, lower capitalization rates but a much stronger. Net leases can be negotiated depending on the interests of the parties, and it is crucial to. Shopping Center Lease: Dipping Into Sales. Smart & Final is able to offer an extensive selection of national and private label goods that total to over 16,000 SKUs, including 3,000 club-sized items. Absolute Net Lease: In an absolute net lease, the tenant pays base monthly rent plus all of the property’s operating expenses. Burger King NNN Lease investment feature attractive benefits such as: 15-20 Year Absolute Triple Net Lease, CAP Rate between 5% – 6%, 5% – 10% Rental Increases and No Landlord responsibilities. Easy Order Specials; 50% off Incorporation services;. S. A subset of triple net-lease deals. 50%NOI $56,091 Year Built 1973 Zoning R-4. NNNs are typically easier to resell; you could,. A triple net lease, also known as a net-net-net or NNN lease, insulates the landlord of the obligation to cover all expenses mentioned above such as property taxes, insurance premiums, utilities, maintenance, and repair costs. The tenant must pay monthly base rent, as well as any additional property expenses. A triple net lease is one in which the tenant takes on the responsibility of paying all property expenses, including: property taxes; insurance premiums; operating expenses (also known as common area maintenance)A Panera NNN Lease investment features attractive benefits such as: 15-20 Year Absolute Triple Net Lease, CAP Rate between 5% – 6%, 10% Rental Increases and No Landlord responsibilities. This also. A. Over 6 Years Remain on an Absolute Triple Net Lease With Attractive 10% Increases in the Option Period. Single Net LeaseA Triple Net Lease (NNN lease) is a commercial lease agreement that requires the tenant to pay for not only the base rent but also the three main operating expenses associated with the property: property taxes, building insurance, and maintenance costs. Single Net Lease: Tenants pay property taxes. This Deal Includes an Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities, Providing For a Secured Investment. 1,379 results. These types of lease agreements typically occur in a one-tenant building. 1/6 . 01 free and clear of, and in addition to, any and all expenses, costs, impositions, taxes, assessments, liens or charges of any nature whatsoever. These corporations. This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. Section 4. The stores sell for an average of $600,000 (stores can range from $1. This Investment Will Allow Investors to Get in at Way Below Market Rent With a Strong Investment Grade Tenant. Operating expenditures. Landlord and Tenant are. An absolute net lease, or absolute NNN lease, is one of the strictest forms of commercial leases. These costs include real estate taxes, insurance, common area maintenance (CAM), and other expenses, such as capital expenditures. Free preview . Given the uniqueness of the net lease structure, there are a number of benefits and risks to be aware of. Renewal Options: 5 x 5 Years. It’s a good resource. Curious about investing in commercial real estate with a triple net lease (NNN)? To make this kind of deal less intimidating, let's look at a real-life example: a KFC building. 00–6. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment. 1024 Bayside Drive, #523 Newport Beach CA 92660. Jan 12, 2023 Every year, Westwood Net Lease Advisors likes to share our choices for the best triple net (NNN) properties of the new year. Lease Type: Absolute NNN. Overall returns up to and sometimes. The triple net (NNN) lease is a lease agreement structure where the tenant pays all of the operating expenses for the property. This Deal Includes 14 Years Remaining on an Absolute Triple Net (NNN) Lease Term With 10% Rent Increases Every 5 Years With Additional. ”. As far as passive income goes, NNN investments are among the top performing since the leases are often guaranteed by tenants with strong credit that tend to stay in place for years and years. This Freddy’s sale leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. 909 S 72nd St - NNN Property. Compared to the absolute triple net lease, an NNN ground lease is an agreement that focuses on the ground or land lease. Premises: 12,480 SF. 1. Typically, these are as follows: Single Net: Tenant pays rent plus property taxes. In Cooperation With Sands Investment Group North Carolina, LLC – Lic. If trustworthy tenants signed triple net commercial. This Deal Has 8. Potentially higher cash-on-cash returns and positive leverage. In contrast, the absolute net lease includes major building repairs. Any offer of a security may be made to accredited investors only pursuant to Rule 506(c) of the U. Lease Type: Absolute NNN. , NNN) is a lease agreement in which the tenant is responsible for all expenses, including rent, real estate taxes, insurance, and maintenance. Jiffy Lube is a leading provider of automotive preventive maintenance. These net-lease properties sell at a reasonable price point, between $1. An example of property related expenses the tenant is responsible for but not limited to are the property taxes. You would strictly be the name on the deed: Day-to-day operations are handled by Topgolf, and the absolute triple-net lease means the tenant (Topgolf) pays all taxes, maintenance and other expenses. Triple Net or NNN Lease. Absolute Net Leases Sands Investment Group is Pleased to Present Exclusively For Sale the 11,180 SF Walgreens Absolute NNN Lease Investment Opportunity Located at 21287 Highway 421 in Hyden, Kentucky. Done right, triple net leases can produce a steady, consistent income streams for investors. Regular NNN Lease A regular NNN lease is also a long-term lease that still includes paying 100% of. Under triple net leases, the tenant pays for the property’s taxes, insurance, and maintenance in addition to the rental rate. Find triple net lease businesses for sale in California. Double Net Lease. The absolute net lease is a variation of a triple net lease. Medical net leases account for a small portion of the overall real estate market today; however, it’s clearly a gro wing sector. Double Net Lease: Tenants pay property taxes and insurance. These types of deals are increasingly being sought out by investors who are 1031 investors and/or those who are seeking low management. Renewal Options: 2 x 5 Years. Sands Investment Group is Pleased to Exclusively Offer the Fast Pace Health Urgent Care Clinic For Sale Located at 9002 Sparta Pike in Watertown, Tennessee. In the short term, you are buying the Triple Net Property for the income stream generated by the rent from the lease. An extreme variation of a net lease, where the tenant is typically responsible for all, or most, of the risks related to the real property. 5. This net lease (also referred to as NNN or sometimes written as triple-N) is a structure where the tenant agrees to pay the real estate taxes, insurance and fees incurred from the maintenance of the building. This includes maintenance costs such as common area maintenance (CAM), insurance, and property taxes (represented by “NNN”). S. These additional costs could. A NNN is sometimes leased to a single-tenant, making it a single tenant triple net lease (STNL). Landlord and Tenant acknowledge and agree that both parties intend that this Lease shall be and constitute what is generally referred to in the real estate industry as a “triple net” or “absolute net” lease, such that Tenant shall be obligated hereunder to pay all costs and expenses incurred with respect to. Section 4. com Tel: 202-361-3050. We offer the largest database of triple net lease NNN properties in Illinois. 3. There are downsides to a triple net lease for both the property owner and the tenant. NNN deal finder has hundreds of listings to suit the needs of every investor! Millennium Physician Group | 8 Year NNN Lease. That concept is straightforward, but often landlords will refer to leases as triple net. 7 billion. Here are the five types and what they offer. Rent Increases: Often, triple-net leases contain contractually mandated rent increases at regular intervals over the lease term. All Maintenance and Repairs. Absolute triple-net leases aren't new, but since the 2008 financial crisis they've dramatically risen in popularity, becoming a core asset type in many portfolios. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment. . Premises: 3,600 SF. The tenant is then responsible for the payment of these costs either directly or as additional rent. LEASE TERM. In exchange for slightly reduced rent and the freedom to customize existing spaces, tenants contribute to the expense of upkeep instead of leaving it up to landlords. Benefits of Net Leases. 7 Eleven (This is a S&P AA- rated) internationally branded tenant , 7 eleven offers absolute triple net lease investments with 10+ years and zero landlord responsibilities, corporate guaranteed leases situated all over the US. , property taxes, insurance, utilities, repairs, etc. Lease Type: Rental Increases: 10% Every 5 Years. A Montana Triple Net Lease is a type of commercial lease agreement commonly used in the state of Montana. Based on some feedback from a few of our readers, I’ve since made quite a few updates (see v2. In such a lease, the tenant or lessee is responsible for all costs. Sands Investment Group is Pleased to Present For Sale the Sonic NNN Lease Investment Located in West Columbia, Texas. 7-Eleven is also offering a non-gas C-store concept – 1000-2500 sq. 63% Property Type: Restaurant. 25% Property Type: Restaurant. a. Situated on Major Retail Corridor With Traffic Counts Exceeding 31,829 VPD. Experts say that the future is quite bright for medical triple net leases in the next 10 to 15 years. Most often, triple net leases are long-term (10. The “NNN” stands for “net, net, and net,” which. Tenancy Single Square Footage 1,650 Price/Sq Ft $618. We know net lease better than anyone. Westwood Net Lease Advisors,. Absolute Triple Net Lease. Furthermore, Net Lease rents are typically less expensive for tenants than traditional lease rents. This Deal Includes 14 Years Remaining on an Absolute Triple Net (NNN) Lease Term With 10% Rent Increases Every 5 Years With. A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc. The tenant is ultimately. A. com Triple Net Lease (NNN Lease): Tenant pays base monthly rent plus their share of three of the property’s major operating expense categories, usually property taxes, insurance, and maintenance. 16/SF With 2% Annual Increases. NNN lease investments nullify all traditional CRE concerns and help build wealth with: 10- to 15-year monthly income guarantee with built-in rental escalations. Double Net Lease: Tenants pay property taxes and insurance. A bondable lease is frequently called an “absolute triple net” lease because the tenant is responsible for all expenses related to the property and isn't. This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. 100%. With that, they deal with the maintenance costs for the property. This makes it an “absolute NNN” or a “true Triple-N” lease. The legal considerations of an absolute net lease are similar to those of a triple net lease, but with the added responsibility of major building repairs. Given the uniqueness of the net lease structure, there are a number of benefits and risks to be aware of. A Triple Net Lease (NNN) is a lease agreement somewhere, apart from paying that rent, the tenant also pays for all running expenses. Triple net investing is a crucial part of net-lease investment growth in the United States. This Deal Includes 20 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment. Also called a triple net lease, in which the tenant pays rent plus all costs of ownership,such as insurance,real estate taxes,repairs,cleaning,and utilities. In a triple-net lease, tenants are responsible for property taxes, insurance premiums, and maintenance costs. Renewal Options: 3 x 5 Years. Net Lease World offers California NNN properties for sale that provide you with steady cash flow and the potential for high appreciation. ” However, the landlord is responsible for taking care of the roof and structure. Most absolute NNN fee-simple properties are leased to high-credit, recession-resistant tenants such as Dollar General, Walgreens, KFC, and 7-Eleven, for 10-25 years. However, a NNN amount per year of $10 would yield $10,000 a year. Absolute Triple Net Lease. 7 Eleven (This is a S&P AA- rated) internationally branded tenant , 7 eleven offers absolute triple net lease investments with 10+ years and zero landlord responsibilities, corporate guaranteed leases situated all over the US. A tenant is usually responsible for all the costs typically found in a triple net lease and certain additional risks. Triple net leases. The triple net lease offers certainty for landlords and tenants. Rental Increases: 10% in Yr 6 & At Options. With ALL leases, the landlord/ property owner will charge the tenant base rent but generally less rent as the tenant goes up from single, double and then to triple since there will be more cost to bear by the tenant. Absolute Net Lease: In an absolute net lease, the tenant pays base rent plus all additional costs needed to operate the property. 78 Parking (spaces) 10. The lease agreement should outline the specific payment terms and procedures for these expenses. On our lease, the landlord must figure the expenses and send a report to the tenants every year. 1%. This type of lease provides additional financial security to the landlord. Burns, Dr. 67 million) and have a net operating income (NOI) of $366,000 and a lease of $414 per square foot. NNN Pro Primary Menu. 20%. Overall, this is considered to be a. This Opportunity Provides For a High-Quality Investment With. 314-997-5227. The. This offering is a Rare Opportunity to acquire a Newly Built Family Dollar in a rapidly growing Highly Sought-After Market. BJ's Wholesale Club, Inc. Net leases, which include single, double, and triple net options, require tenants to pay rent and a share of the building's costs. It can also be referred to as a percentage rent. 우리나라로 치면 일년마다 재산세나 종부세가 증가할 수 밖에 없는 구조이고 부동산 가격이 높아지면 그에 따라 보험료도 상승하는 구조입니다. Absolute Triple Net (NNN) Ground Lease With Corporate. Average 12-month cap rate of 4. If you want to learn more about these and other NNN investment types and find the one that fits your exact objectives, let us know how we can help. Modified net lease. Absolute Net Leases. Here is an in-depth view of how ampere triple net lease works: Brightline Inc. Maintenance, Upkeep and Repairs. In a Triple Net (NNN) Lease, the tenant is responsible for paying for all costs related to: 1) property taxes; 2) maintenance; and 3) insurance, hence the. Once you understand how a triple-net lease works, you’d have to wonder if Scrooge, Mr. Lease Type: Absolute NNN Ground Lease. Net Leases should not be confused with an Absolute Triple Net Lease; which is essentially the same thing as a standard triple net lease in terms of what the tenant is responsible for paying, but the major difference is that the tenant pays these expenses directly. Single and double-net leases transfer only some of these expenses, whereas, in a triple-net lease, the tenant takes on almost all costs associated with the property. Triple Net: tenant pays rent, property taxes, insurance, and. With a Rare 21% Rental Increase in 2025 and Additional 10% Increases at Each Option Period, This Asset Offers a Long. The Property Has a Branding Agreement With Marathon, So They Will Be Branded in the Near Future. The triple net lease (NNN) passes the costs of structural maintenance and repairs to the tenant in addition to rent, property taxes, and insurance premiums. While triple net leases are among the most common commercial lease types in the industry, absolute triple net leases are exceedingly rare. 5; Asking Cap Rate: 4. Understanding Commercial Real Estate Leases If we consider all possible commercial real estate leases, the net and gross stand on the two extreme ends of the spectrum. Lease Expiration: 2/28/2031. This Deal Includes a 15-Year Sale Leaseback Where Lease Features a Primary Term of Fifteen (15) Years Accompanied By Four (4), Five (5) Year Renewal Options, Providing For a Secure Investment. Single net or “net lease” property leases state that the tenant is responsible for net property taxes in addition to base rent. This gives investors peace of mind, plus profits over an extended period.