Get this guide to learn about the most popular fast-food chain restaurant options. CBRE Net Lease Properties is a select team of senior level CBRE Capital Markets professionals that specialize in the sale, purchase and recapitalization of single tenant net leased properties throughout the United States. These net-lease properties sell at a reasonable price point, between $1.5-2 million, and sit on visible 1/2 - 3/4 acre lots with easy access. TN #347634. The main different from absolute NNN leases and absolute NNN ground leases is the ground leases involve the land, or ground. [3] Bondable lease (Absolute NNN) A bondable lease (also called an "absolute triple net lease", "true triple net lease", or a "hell-or-high-water lease") is the most extreme variation of a triple net lease, where the tenant carries every . In an absolute net lease, the tenant is responsible for all costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. And, within those real estate assets, private equity firms may or may not invest in properties that have absolute and/or triple net leases. Browse thousands of CBRE properties for sale. This risks blindsiding the tenant later on with a hefty roof or structural repair bill. The difference between a triple net lease and an absolute net lease is that in a triple net . Lowe's operates under a NNN Ground Lease with a twenty (20) year base lease term with . is a leading commercial real estate brokerage firm that specializes in single-tenant and retail NNN investments. This deal includes an absolute triple net (NNN) lease with zero landlord responsibilities and approximately 13 years of term left, providing for a unique investment. 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 . In a NNN lease, the tenant is responsible for taxes, insurance, and general building maintenance, and the landlord or investor is removed from almost all of the financial obligations. The Net Lease Means Zero Responsibility For Taxes, Insurance, Maintenance, Utilities, Vacancy, Renovation, Leasing Costs, Property Management, Asset Management, Appliance Replacements or Capital Improvements. Absolute Investment Realty has been selected to exclusively represent the Over $30 billion of transaction volume, specializing in single-tenant, net lease investment services. But, tenants may not appreciate the higher rents and property owners are exposed to the risk of rising operating costs that they cant pass through to the tenant. (Mixed-Use, Low Intensity) which allows for a wide variety of commercial Not all of services referenced on this site are available in every state and through every representative listed. License: TX 0606255, CA 01391653. . Raydeo Enterprises Will Sign a Brand New 5 Year Lease With Two (2) 5 Year Options and 1% Annual Increases at Close of Escrow. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and C-Store Absolute NNN Property Located in Center Ridge, Arkansas. Gallery 3. Well located Single Tenant NNN Properties with Brand Name National Credit Tenants has proven to be more resilient compared to other asset classes. LoopNet operates the most heavily trafficked commercial real estate listing service online, with more than $425 billion of commercial real estate for sale and 5.1 billion sq. TX #644481, In Cooperation With Sands Investment Group Atlanta, LLC Lic. Each corporate-guaranteed lease offers strong rent escalations. We are informing, empowering, and connecting investors to the most reliable NNN Properties For Sale, that generate passive income month after month. Our goal is to provide you with utmost attention. up doors, one with a loading dock as well as double doors. well maintained Last remodeled in 2006 The new roof is sloped with vinyl The absolute net lease, also known as a bondable lease, adds every other financial risk of the space to the tenant . Triple net, meaning "net-net-net," is often abbreviated as just "NNN.". The rear part of the building offers plenty of storage with a of the owners of this newly remodeled property. 1000 . This risks blindsiding the tenant later on with a hefty roof or structural repair bill. What is an absolute net lease? Most absolute net leases also are with credit/national tenants that carry a corporate guaranty. A triple net lease requires that the tenant pay their monthly rent plus all costs related to: (1) real estate taxes; (2) insurance, and (3) maintenance. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. 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. dining. Generally, these tenants should be of very high reliability since the lease is not terminable in most cases. Generally speaking, a net lease assigns the following expenses to the tenant: Triple Net and Absolute Net leases are more practical for single tenant, long term lease situations. Find your next single tenant net lease property. Regardless of the textbook definition for any lease structure, it's important to confirm how the landlord defines the lease they are advertising prior to submitting an offer. Sale Leaseback. This is a Rare, High Quality, Residential Rental Property Under a 30 Year Absolute Net Lease. costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. Accordingly, NNN leases are very popular as they provide multiple benefits for both tenants and investors. This includes property taxes, insurance, and maintenance like the triple net lease. 9655 Valley Blvd - NNN Property Rosemead, California open workspace area Storage in the back of the building as well as fenced This Deal Includes 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment. ft. of commercial real estate space for lease. #183645 BoR: Scott Reid Lic. The major difference between triple net and absolute net leases is highlighted above, but additional detail is necessary to truly understand it. Costco, Sams Club, Home Depot, Cheddars, Fudruckers, PF Changs, etc. Copyright Absolute Investment Realty LLC (TM) All rights reserved. of the propertys major operating expense categories, usually property taxes and insurance. Securities and/or Investment Advisory Services may be offered through Registered Representatives or Investment Advisor Representatives of Realized Financial, Inc., a broker/dealer, member FINRA/SIPC, and Registered Investment Adviser ("Realized Financial"). 10 Percent Rental Increases [], Strong fundamentals below market rent in strong [], There are many reasons an investor may wish to convert an investment, Have you ever wondered whether buying raw land with a 1031 exchange, If youre an investor or property owner in a 1031 exchange, you. Under a triple net lease the tenant agrees to pay all real estate taxes, maintenance and insurance in addition to all other normal costs such as rent and utilities. An absolute NNN ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a build-to-suit building. But, they are somewhat similar so it is important to note the differences between the two. 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. Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. AR #PB00085157. CBRE Net Lease Properties is a select team of senior level CBRE Capital Markets professionals that specialize in the sale, purchase and recapitalization of single tenant net leased properties throughout the United States. If you need assistance evaluating lease options, please contact us. With consistently over 400+ listings, we have the largest database of net lease properties nationwide. Advisory & Transaction Services | Occupier, Development Services (Trammell Crow Company), Investment Management (CBRE Global Investors), Investment Accounting & Reporting Solutions, The Way Forward: Insights on the Future of Work, Unified collaboration and communication across the national network of single tenant net lease professionals, Institutional quality marketing campaigns, Unsurpassed proprietary buyer/advisor database developed over 10 years of exclusive single tenant investment sales, Speed to market via proprietary cutting edge technology, Individual web-based property sites with secure due diligence access, Credibility and reliability which been earned by CBRE over a century of uncompromising integrity and honesty. one vacancy of a total 28 suites. Absolute Investment Realty has been selected as the exclusive Lee Associates Ontario is pleased to offer qualified investors an opportunity to purchase The Jurupa Spectrum Center, Jurupa Valleys primary Puritan Park Professional Building, located at 2525 9th Avenue, is a condominiumized medical office building in Altoona, Pennsylvania. Most real estate investors fail to generate predictable cash flow. 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. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Rent Commencement Date: November 29, 2022. Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. Sands Investment Group is Pleased to Present For Sale the Industrial Absolute Net Located in Jacksonville, North Carolina. Occasionally, these properties contain tenants with net leases. The triple-net lease is well suited to sale/leasebacks as a way to transition the selling company from having absolute control over its surroundings to a situation where it merely is a "lessee." Despite the emotional response that may be generated by the change in status, the sale/leaseback provides a number of advantages to both seller and buyer. This trade area contains the highest concentration of office By providing your email and phone number, you are opting to receive communications from Realized. Check the background of this firm on FINRA's BrokerCheck. Get your tailormade list of the most lucrative NNN Properties For Sale. #6505424119 BoR: Max Freedman Lic. Currently the property In Cooperation With Sands Investment Group North Carolina, LLC Lic. View OM. 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 From there, Brendan transitioned to the Indianapolis office of CB Richard Ellis, where he specialized in representing landlord and tenants in leasing retail space, as well as representing buyers and sellers of net leased retail and shopping center property. We provide unbiased advice, analysis, and execution capabilities for alternative capital solutions for corporately owned and occupiedreal estate. units Fresh stucco was added 3 months ago The building offers two bay roll All Rights Reserved. Renovated in 2019 with new 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. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and Gas Station and C-Store Located in Beebe, Arkansas. Ground Lease. This means when the landlord sells their property to a new owner, the lease back the property under a new absolute net lease. Phone: 844.474.4666 We have absolute net lease Chase banks for sale in New Jersey, Florida, Texas, Boston, New York and all over the east coast. floor plan, office/storage area, and two ADA compliant large bathrooms. 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. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and C-Store Absolute NNN Asset Located in Searcy, Arkansas. Though not typical, the simplest is a gross lease, in which the tenant pays a base rent, and the owner is responsible for managing all other expenses, including taxes, insurance, maintenance, and repairs. All logos are Copyright, Registered Trademarks and courtesy of their respective companies, and are displayed in this website for the sole purpose of brand recognition in tenant labeling. New [], Long history operating as a Dominos in this [], Strong Rent to Sales. Receive new net lease property listings, insights and opportunities delivered to your inbox weekly. The value of the investment may fall as well as rise and investors may get back less than they invested. 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. Sunnybrook Ridge, located at 8720 South East Sunnybrook Boulevard, is an opportunity to acquire a mixed-use investment in Clackamas, Oregon. In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. Find NNN Properties for sale at LoopNet.com. Interested in getting our latest deals? We believe in long-term, satisfied relationships built on trust, knowledge, and success. CALIBER COLLISION | LONG TERM ABSOLUTE NET LEASE. When a property is advertised as a NNN lease, the investor may make the purchase under the assumption that all expenses are the tenants responsibility and unintentionally incur a massive financial expenditure in the future. Madison St serves a residential population to the north and day time population of businesses Central provides access to the University Area This area has a variety of retail FL #BK3369953, In Cooperation With Sands Investment Group Austin, LLC Lic. maintained with exceptional upgrades The roof is a new TPO roof and gravel of the propertys major operating expense categories, usually property taxes. Interested in commercial real estate investment? GCT Commercial Services, LLC, dba, NNN Deal Finder is a licensed real estate broker. While subtle, these differences are very important and real estate investors must be aware of them prior to committing capital to a net lease property investment. To learn more about our current investment opportunities. representative for the sale of Volcano Plaza Shopping Center, a busy hardcorner shopping center in Albuquerque, NM. Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. Get instant access to all of our current and past commercial real estate deals. 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. Renewal Options: 8 x 5 Years. We keep you in the loop and stay transparent. Ground + Space is a leading commercial real estate brokerage firm that specializes in single-tenant and retail NNN investments. The exact portion depends on the specific type of net lease, of which there are four: : Tenant pays base monthly rent plus their share of. An Absolute Net Lease would typically be used in a sale leaseback arrangement. Multi-Tenant Net Lease Office Space - Duluth, GA Retail 28,380 SF 3176 Main Street Duluth, GA 30096 View OM 1/6 $4,607,000 New Walk-On's | 15 Yrs, NNN | Successful Operator 7.45% Blended Return over Base Term of Lease 101 N Strand Pkwy Myrtle Beach, SC 29588 View OM Bidding Closes: 0d 0h 24m6s 1/18 video Auction $350,000 Current Bid Instagram, By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use. Portfolio of 8 Properties - Portfolio of 8 Properties. The primary exposure is in the tenant's risk rating since the property will typically house just one. Sands Investment Group is Pleased to Present For Sale the Admiral Petroleum Company Located in Allegan, Michigan. First National Realty Partners is one of the countrys leading private equity commercial real estate investment firms. #481013714 BoR: Andrew Ackerman Lic. Register for a proprietary account today offering real estate principals exclusive access to: our comprehensive tenant investment summaries, NNN Buyer's Guide, or quarterly market research reports;; our exclusive listings and off-market property inventory;; our proprietary National NNN Listings Database in which we aggregate, vet and underwrite all of the premier on and off-market net lease . Occasionally, these properties contain tenants with net leases. Flying Star Anchored, Acequia de Corrales Shopping Center in the busy Lease Type: N/a Storefront Example NNN Dutch Bros Houston, TX $1,925,000 Lease with 10% Rental Increases Every Five Years. Ask us any question; come to us for anything. Retail Services offers global reach and the capability to serve retailers, restaurateurs, owners, investors and developers across all retail environments. Alvin Mansour Pro. July 13, 2021 What is an Absolute Net Lease Property? 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. This Deal Includes a Value-Add Opportunity With Only 27% of the Building Occupied By NTB Tire, Thus Leaving 73% of the Buildings Warehouse and Office Space Vacant and Ready For a New Tenant, Providing For a Unique Investment. At Avison Young, we know net lease. Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. This investment offering is an opportunity to acquire 8720-8810 SE Sunnybrook Blvd - NNN Property. Key Differences Between Triple Net and Absolute Net Leases, In an absolute net lease structure sometimes referred to as a bondable lease or absolute NNN lease the tenant is responsible for. We are where you are. This arrangement is frequently used when a building owner decides to complete a sale and leaseback to divest itself of an asset that it does not wish to continue owning but still needs to occupy. We know net lease better than anyone. When a real estate investor places their capital with a private equity firm, it is up to them to understand the firms investment strategy and whether or not it includes absolute and/or triple net leases. All Filters (+2) NNN Commercial Properties for Sale in North Carolina Results Insights 256 results Trending 1/12 $2,851,000 Arby's Recent Remodel 2017 Corporate Guarantee 1319 Bridford Pkwy Greensboro, NC 27407 View OM 1/4 $1,858,825 Popeyes Ground Lease Retail 4.25% CAP 309 Huffman Mill Rd Burlington, NC 27215 View OM 1/4 $1,387,203 This includes property taxes, insurance, and maintenance like the triple net lease. When someone is conducting a 1031 Exchange, they have 45 days to identify their like-kind property. Recent Renovations: Subject property [], New High-Quality 2020 Construction. 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. Cap Rate: 6.55%. Area co-tenants include: Cinemark 24 screen theater, Pappadeux, Red Robin, container offers extra space that is not included in the total building square Sands Investment Group is Pleased to Present For Sale the Valero & Bigs Absolute NNN Located in Diboll, Texas. Both floors have Tenants pay gas and electric, while water, sewer, and trash cost is included Sign up for our email list today. Click the button below to receive your custom property list. OH #BRKP.2020001224. Lease Type: Absolute NNN. 19 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities Lease Features 3% Annual Rent Bumps and 4 x 5 Year Options Operator Has Approximately 139 Stores and is Doing Over $100 Million in Fuel Revenue Located Within 1-Mile From the Center of Beebe and Beebe High School footage. . $5,500,000. DE #RB-0031000. Lease Expiration: 6/30/2039. This includes property taxes, insurance, and maintenance like the triple net lease. square footage in the state of NM and some of the highest traffic counts in the In addition, they must continue paying rent in the event that a property is condemned. Sands Investment Group is Pleased to Exclusively Offer For Sale the 20,000 SF ALDI Located at 14070 Abercorn Street in Savannah, Georgia. Suppose the owner has exhausted the property's depreciation. The space was formerly This Tenant Has a Long Operating History and Recent Extension That Shows Commitment to the Site, Providing For a Unique Investment. In commercial real estate, several types of leases accommodate a range of different economic responsibilities between the tenant and investor. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. The property 19330 Leitersburg Pike presents an unmatched opportunity to acquire a highly visible freestanding retail building in Hagerstown. In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. The development and brokerage of single and multi-tenant shopping center properties, acquisition of small to large parcels of land for retail and apartment development, and the representation of landlords and tenants in the sale and leasing of retail/shopping center properties, as well as high net worth individuals and institutions in the purchase and sale of income producing properties. This property consists of a two-story, single-tenant 30, 000 square foot office building plus an adjacent surface parking lot located on 420 W 6760 Corporate Dr, also known as Corporate Center, is a class A multi-tenant office building situated right off of I-25 north. Email: info@SIGnnn.com But, tenants may not appreciate the higher rents and property owners are exposed to the risk of rising operating costs that they cant pass through to the tenant. To develop and broker commercial real estate at above average returns for below average risk for ourselves and our business partners. This Deal Include an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Brand New Long Term 15 Year Lease With 1.75% Annual Increases, Providing For a Unique Investment. Copyright Absolute Net Properties, LLC. If you are an Accredited Real Estate Investor and would like to learn more about our investment opportunities, contact us at (800) 605-4966 or info@fnrpusa.com for more information. This Has Been Verified By an Actuarial Study Conducted By the Respected Risk-Management Firm, Milliman. An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent but also pays for all expenses of the property and daily operations of the business. Net Lease Investments gives investors an opportunity to choose from many National Brand Name Credit Tenants that are essential businesses and are places consumers shop, eat and visit every day. Copyright 2023 NNN Properties. Download The Guide To Net Lease Properties. To maximize the returns of a commercial property investment, its always best to consult professionals. 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. Net leases are more popular than gross, with subtypes single net, double net, triple net, and absolute. View our current inventory of net lease properties, our inventory is updated daily so be sure to sign up for property updates. The group's success is attributable to its unwavering dedication to being the market leader in the single tenant arena and being able provide national expertise and in-depth knowledge of virtually all local markets and sub-markets around the country. The 2,820 square foot bank building on an efficient, full access half acre parcel. At First National Realty Partners, our investment focus is on grocery store anchored retail properties. These leases include single, double or triple net (NNN) leases; percentage leases; gross leases; modified gross leases; pass through leases and absolute net leases. Portfolio of 3 Properties - Portfolio of 3 Properties. $4,650,400. Ideal, management-free investment for a [], Great location at the signalized corner of Pierce [], Lease with Attractive 7.00% Rental Escalations Every 5 [], Traffic Counts Exceed 48,000 Vehicles Per Day. Copyright 2023 NNN Deal Finder | All Rights Reserved. This site is published for residents of the United States who are accredited investors only. Albuquerque, NM. Become a FREE LoopNet Member to search hundreds of thousands of NNN Properties for sale and other commercial properties for sale and for lease throughout the U.S. and Canada. Quick service restaurants and the growing retail healthcare sector also gravitate toward this lease type. used as an Italian restaurant. Premises: 58,586 SF. The heating and cooling system have been upgraded to HVAC In 2017 the For Sale and Lease More details 1100 Investment Blvd 1100 Investment Blvd El Dorado Hills, CA 95762 71,516 SF . About. 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. Lease Type: N/a Storefront Example NNN Dollar General Fernandina Beach, FL $2,215,311 2019 Build to Suit Construction - 9,100 SF [] Status: Available CAP: 4.65% Years Left: 11.9 Lease Type: N/a Storefront Example NNN Pep Boys Tallahassee, FL $2,060,000 Scheduled Rent Increase Set in 2024 | 7.7% [] Status: Available CAP: 5.00% Years Left: 7.3 private entrances (with remote access control for the 2 Visit Crexi.com to read property details . Sands Investment Group is Pleased to Present For Sale For Sale the 4,772 SF Connected Cannabis & AlienLabs Located at 5232-5234 Mission Street in San Francisco, California. representative of the owner of the Cinema Center a destination dining Additionally, commercial real estate brokerages offer expertise and information on all different types of agreements and investments. Register investment preferences. MI #6502424113. Contact: Barry Bernsten, Manager, The Bernsten Group, Tel: (215) 917-1700, bbernsten@aol.com In 2009, Brendan formed Absolute Net Properties, LLC to focus on the development and brokerage of single tenant net lease and shopping center properties.Absolute Net Properties has done business with companies including but not limited to Meijer, Home Depot, Menards, AutoZone, OReilly Auto Parts, ALDI, Discount Tire, Vitamin Shoppe, Aspen Dental, Panera Bread, Dollar General, Huntington Bank, First Merchants Bank, and many others.
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