A triple-net lease, or NNN, is a structure in which the tenant pays the three major property costs, property taxes, insurance, and maintenance, on top of base rent, leaving the owner with a nearly hands-off, bond-like income stream.
Log in to followQSR outparcel, $1,725,000 at a 6.9% cap, 15-year lease just signed, brand is one everyone would recognize. Then I get to the guaranty page and it's an LLC that operates 12 units i…
I've only bought small apartment buildings, where diligence was an inspection and a sewer scope and I was done for about $900. Now I'm looking at a 12,000 sf retail building with…
I've done a few small value-add residential deals and I'm hitting the ceiling on how much of my week they take. Net lease looks like the answer, except every listing that has a te…
Working through a couple of sale-leasebacks that came out of an operator refinancing after an acquisition. In both, the seller-tenant chose the rent, which sets the cap, which set…
Rural deal, asking $1,340,000, rent $112,500, so roughly 8.4%. Town population about 1,800, the store is the only general merchandise within 20 miles. Lease has 11 years left of a…
I'm reading the lease summary on a dollar store building, 9,100 square feet, and the listing says NNN in big letters. Then page three of the abstract says landlord is responsible…