Net Lease Properties

An example of Net Lease Properties is located at 5180 US-192 in Kissimmee. This is a Walgreens investment and is a fee simple. This new construction Triple Net Lease Property, Walgreens site, just opened in September 2009.

If you look at many Investment vehicles in this current economic climate, Commercial Real Estate with income producing Tenants is attractive.

Net Lease Properties Information Types:

One type of lease is the Single Net Lease transaction.
In a single net lease (sometimes shortened to Net or N), the lessee or tenant is responsible for paying property taxes as well as the base rent. These can be found on some Office Buildings in Florida and other states.

Double Net Lease and triple-net leases (NNN Commercial Real Estate) are more common forms of net leases because all or the majority of the expenses are passed on the tenant.

In a double net lease (Net-Net or NN) the lessee or tenant is responsible for real estate taxes and building insurance payments. The lessor or landlord is responsible for any expenses incurred for structural repairs and common area maintenance. "Roof and structure" is sometimes calculated as a reserve, on these types of Net Lease Properties.

Finally our favorite of all the Net Lease Properties is the Triple Net Lease Property!

This form of lease is frequently used for freestanding buildings such as a Walmart Tenant, Home Depot, Arby's, BB&T, Chase Bank, Walgreen's, CVS, Burger King, Taco Bell, Kohl's or McDonald's.

Information on Triple Net Lease properties for sale is that many are free standing buildings. The ideal situation is getting a property that is leased to tenants for a long term. NNN Propertues offer the benefit of little or no management responsibilities as the tenant pays for most of the expenses, many times all expenses. The Commercial Real Estate investor then collects their rent payment with little involvement.