Although subtle, these differences have an impact on the risk profile of a real estate investment and investors should study them closely to ensure an investment is a good fit for their risk profile and investment objectives. This Deal Includes an Absolute Triple Net (NNN) Lease With 18+ Years Remaining and Zero Landlord Responsibilities With Attractive Rent Increases, Providing For a Secure Investment. Interested in commercial real estate investment? The main different from absolute NNN leases and absolute NNN ground leases is the ground leases involve the land, or ground. these leases are usually very long-term (50-100 Years) and if the tenant ever defaults or the lease expires, then the landowner then assumes ownership of the building on their land as well. Contact 214-801-5857 1215 34th St - NNN Property Bakersfield, California Single Tenant NNN Leased Medical Office for Sale. All Rights Reserved. Absolute Triple Net Properties Types of net leases There are standard names in the commercial real estate industry for different sets of costs passed on to the tenant in a net lease, Double net ( nn lease) and triple-net leases ( nnn lease) are more common forms of net leases. Area co-tenants include: Cinemark 24 screen theater, Pappadeux, Red Robin, Landowners have one responsibility in this absolute NNN groud lease stucture and that is they are usually responsible for the yearly property taxes on the land. Lease Type Absolute NNN Tenancy Single Brand/Tenant Accurate Forming Lease Expiration 11/30/2034 Remaining Term 11.8 years Square Footage 69,992 Occupancy 100% NOI $434,182 Pro-Forma NOI $500,000 Year Built 1976 Buildings 1 Stories 1 Lot Size (acres) 15.9 Rent Bumps 2026 and 2029 Lease Options NONE Ownership Private Loading Docks 5 There is gated parking behind the building for employees or equipment. Sign up for our email list today. frontage was updated with new windows and awning Security System with TN #347634. $5,500,000. In Cooperation With Sands Investment Group Michigan, LLC Lic. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. You may enter a US or Canadian location in the following formats: Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers. windows, lighting, HVAC units and landscaping this beautiful two-story These leases include, are often confused with absolute net leases and making a discernible distinction is integral to understanding your, In a NNN lease, the tenant is responsible for taxes, insurance, and general building maintenance, and the landlord or investor is removed from. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Register investment preferences. Accordingly, The confusion between NNN leases and absolute net leases often initiates from an inaccurately advertised NNN lease, or a misunderstanding of the, on either the investors or the tenants behalf. License: TX 0606255, CA 01391653. . [2] Single net lease (N) Own Absolute Net Lease properties with No Landlord Responsibilities allowing you to own properties anywhere in the United States. The heating and cooling system have been upgraded to three new HVAC Lower your risk by choosing from Tenants that are Open for business, In-demand and Not susceptible to E-Commerce. This fantastic is located just north HWY-528, on Property is directly off Louisiana just south of Central, this property is in an easily accessible location from all directions. Interested in getting our latest deals? The building has an open floor but can be demised into 2 spaces. And, within those real estate assets, private equity firms may or may not invest in properties that have absolute and/or triple net leases. These Properties Offer Zero Management, Zero Expense and 100% Predictable Cash Flow For 30 Years With Approximately 1% Annual Increases. From the moment you have your first call with us, all the way through to providing monthly property updates. Each corporate-guaranteed lease offers strong rent escalations. representative for the sale of Volcano Plaza Shopping Center, a busy hardcorner shopping center in Albuquerque, NM. 16 Cameras in place will stay 3 4 offices, large open front retail area Large maintained with exceptional upgrades. But, it also includes the cost of things like replacing a roof or HVAC system or rebuilding the property in the event of storm damage. Realized1031.com is a website operated by Realized Technologies, LLC, a wholly owned subsidiary of Realized Holdings, Inc. (Realized). In a multi-tenant property, the tenants would have to divide up the obligations of ongoing payments rather than having them paid by the single owner in a gross lease structure. today to find out more about our current listings. This Deal Includes an Absolute Triple Net (NNN) Property With Zero Landlord Responsibilities, Providing For a Secure Investment. signage Remote lock for front door. A triple net (NNN) lease is one where the tenant (s) of a property take on responsibility for all operating expenses associated with a property, on top of the cost of rent. square footage in the state of NM and some of the highest traffic counts in the This Deal Includes a Long-Term Passive Investment With Over 21 Years Remaining on the Lease and Zero Landlord Responsibilities. But, it also includes the cost of things like replacing a roof or HVAC system or rebuilding the property in the event of storm damage. Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. container offers extra space that is not included in the total building square Cottonwood retail trade area. units Fresh stucco was added 3 months ago The building offers two bay roll Among the most popular are properties with net leases.. Safe cash-flow investments in the commercial real estate world are usually NNN, triple net, national tenants with long term leases and additional options to renew their lease at an increased rate. Currently the property 2018 Ground + Space. In another scenario, and because NNN lease is a more popular phrase than absolute net lease, the property may be listed as a NNN lease when the terms describe an absolute net lease. . ABSOLUTE NET LEASE SALE LEASEBACK FOR 10 YEARS WITH INCREASES & OPTIONS CORPORATE GUARANTY BACKED BY MULTIPLE BRANDS & COMPANIES HIGH END STATE OF THE ART CONSTRUCTION BUILT BY THE SELLER IN 2018 SURROUNDING NEIGHBORHOOD EXPERIENCING EXPLOSIVE GROWTH UNOBSTRUCTED MOUNTAIN VIEWS In this article, we will define what a net lease is, describe the different variations, and highlight the differences between two specific types of net leases known as the triple net lease and the absolute net lease. By the end, readers will have a thorough understanding of net leases and will be able to put this knowledge to use as part of their commercial real estate investment due diligence process. Available. By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions. Property is directly off Louisiana just south of Central, this property is in an As stated before absolute net leases are very safe for investors. 5700 Capitol Dr - Midtown Center. CBRE Net Lease Properties is a team of Capital Markets professionals who specialize in the sale, purchase and recapitalization of single tenant net leased properties in the U.S. Connect to Deal Flow, connect to the world. The rear part of the building offers plenty of storage with a Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and Gas Station and C-Store Located in Beebe, Arkansas. The properties shown on this website may or may not be exclusively listed by NNN Deal Finder. Fresh stucco was added 3 months ago. Absolute Investment Realty has been selected as the exclusive Retail Services offers global reach and the capability to serve retailers, restaurateurs, owners, investors and developers across all retail environments. We provide unbiased advice, analysis, and execution capabilities for alternative capital solutions for corporately owned and occupiedreal estate. To learn more about our current investment opportunities, click here. We believe in long-term, satisfied relationships built on trust, knowledge, and success. There is gated parking behind the building for employees or equipment. Rental Increases: 7.5% Every 5 Years Starting in 2029. Start a new search to find more NNN Properties or other commercial listings on LoopNet.com. Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. By providing your email and phone number, you are opting to receive communications from Realized. Sands Investment Group is Pleased to Present For Sale the Marathon Absolute Triple Net Located in Durango, Colorado. This deal . Find NNN Properties for sale at LoopNet.com. In commercial real estate, several types of leases accommodate a range of different economic responsibilities between the tenant and investor. In this article, we will define what a net lease is, describe the different variations, and highlight the differences between two specific types of net leases known as the . At Avison Young, we know net lease. Everything you need to know to become a more confident, informed, and profitable investor. Team members are committed to providing institutional quality service to their clients with flexibility and speed through collective team experience and relationships while sharing proprietary real-time market information and technology. This strict lease alleviates the landlord/owner/investor from having to pay any money out of pocket from insurance, taxes, maintenance, repairs, structure, landscaping, etc. In another scenario, and because NNN lease is a more popular phrase than absolute net lease, the property may be listed as a NNN lease when the terms describe an absolute net lease. The property is an ideal owner-user. uses. This includes property taxes, insurance, and maintenance like the triple net lease. (Mixed-Use, Low Intensity) which allows for a wide variety of commercial 1031 Exchange investors are finding that absolute net leases are a great long-term investment. Map View. Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. of the owners of this newly remodeled property This building has been well Alvin Mansour Pro. Long Term Leases Most Net Lease Tenants typically commit to a long term lease agreement of 10 and in some cases 20-25 years as compared to Apartments that are typically yearly leases. Gallery 3. When someone is conducting a 1031 Exchange, they have 45 days to identify their like-kind property. The last two are particularly popular with investors seeking a passive income stream. This Deal Includes 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment.