Triple net (NNN) leased properties have become increasingly popular with investors for their simplicity.
What is a triple-net lease?
The triple-net lease, commonly abbreviated NNN, is a lease in which the tenant of the space is responsible for all costs associated with the space, including: real estate property taxes, property insurance and common area maintenance. These leases are typically long term with a base percentage increase each year. Tenant has control of the space.
Who is a triple-net lease best for?
Properties that utilize NNN leases are relatively low risk for hands-off investors since individual tenants handle the majority of the work related to the property, thus alleviating any management worries or additional improvement costs. They can offer stable income, and when sold, can be used as a tax break through the 1031 exchange process.
Allow the Stratus team to help you negotiate the nuances of the available Triple Net lease properties to find the best fit for your investment strategy! Call us at 404-618-0878 or email us at [email protected]