These off-market properties generally have long-term leases in place and include credit-quality tenants such as government entities, healthcare facilities, etc.. With access to markets like these, we can present you with an array of available investment property options that are sure to meet your needs and investment goals. NNNPro Primary Menu. allows tenants to pay a flat rent fee each month that includes all the costs associated with the lease: taxes, insurance, and utilities. NNN lease properties is the best option for commercial property investments. With a triple net lease, the landlord has a. since the tenant has assumed the majority of the costs. As we mentioned, NNN stands for net, net, net and is often called a triple net lease. Price: $3,720,000 Status: Available: CAP: 5.35%: Years Left: 15.8 : Lease Type: NNN Fresenius MedicalCare. Landlord and Tenant acknowledge and agree that this is a "true" NNN lease and that Landlord shall have NO obligations relating to the repair or maintenance of the Premises or the Outside Areas; Tenant shall be solely responsible for same. must be of equal or greater value than the one you sell (or else you could pay taxes on the difference) and it must be the same in nature or character without regard to grade or quality. Landlords will calculate the flat fee based on the cost of rent, standard expected utility usage, and other common, expected expenses. But this list covers the largest categories seen in leases. The triple net (NNN) commercial lease agreement is a real estate contract for non-residential property between landlords and a business tenant. We will assist you not only with finding the right investment partners, but with the many steps needed to get you to the finish line, including price and contract negotiation, helping you source financing, buyer qualification, escrow management, real estate investment or lease underwriting and more. The actual rental payment to the tenant is lower than that of other leases. NNN lease investments are essentially inflation-protected bonds guaranteed by a credit tenant, rather than a state or local municipality. In this case, each tenant will be responsible for their proportionate amount of the taxes and insurance premiums based on what percent of the total building they occupy. Despite the popularity of the NNN lease, the triple net lease structure is still commonly misunderstood by many commercial real estate professionals. The dividend yield was 5.1% at 12/31/20 and 2020 marked the 31st consecutive annual dividend increase. Give us a call. These include net real estate taxes on the leased asset, net building insurance, and what’s defined in the lease as net common area … Net Lease Property arrangement refers to the owner and tenant relationship. By definition, NNN leases require very little management from the investor, as the tenant is responsible for the agreed upon rent as well as the property insurance, property taxes and property maintenance. Jeff Gitt Triple Net Leases are considered as one of the most common types of commercial real estate lease. A Triple Net lease was designed to be landlord favorable, protecting the landlord’s interests against any changes, unexpected costs, etc. Both structures provide the ability to benefit from real estate ownership without the stress of day to day management . Whereas, a more traditional type of lease, which many tenants are used to, is known as a gross lease or modified gross lease. Our company’s main goal is the preservation of investor capital and we go through an extensive analysis of every NNN Lease property to create defensive investment portfolios while still maintaining strong cashflow. If you’re curious about how to become a NNN lease investor and leave the complications and costs of CAM behind, contact a Westwood Net Lease Advisor. There are several different types of net leases, and in this article, we’ll explore triple net leases as well as other net lease types. NNN - Triple Net Lease Agreement ... and a property management fee (not to exceed five percent (5%) of the gross rents of the Premises for the calendar year).