NNN Investment Properties
1031 NNN Investment Properties
NNN properties (triple net leases) are properties where the tenant pays all ongoing property expenses, and the landlord pays net rent without incurring any costs (or responsibilities). NNN tenants are responsible for property taxes, insurance premiums, utilities, maintenance, and repairs.
Ten to twenty-five years is the typical lease term for a commercial triple net lease. Rent increases are also usually built into leases annually or periodically throughout the lease term. The tenant must also notify the landlord by a specified date if they intend to renew the lease during the renewal period (usually 5 or 10 years).
NNN Property Responsibilities
Taxes: Tenant
Maintenance: Tenant
Benefits Of Corporate Tenants
NNN Properties are regarded as one of the safest and most marketable real estate investments, especially if the tenants are solid and creditworthy. There is also a corporate guarantee attached to many NNN leases, and the tenant is contractually obligated to pay the lease despite closing the location.
Even though most people are unaware, most successful regional and national companies lease the properties they occupy. Businesses can expand and operate more efficiently by leasing their locations instead of owning them. Because it is considered “their” building, tenants are responsible for ensuring taxes are collected, maintenance occurs, and grounds and facilities are maintained. With a triple-net lease, companies can control their environment without making a capital commitment.
Among the quality net-lease tenants we work with are Walgreens, Village Inn, Family Dollar, Dollar General, O’Reilly Auto, the US Government, Fresenius Medical Care, KinderCare, Jiffy Lube, Tractor Supply Co., Piggly Wiggly, and many others.
Looking For NNN Property Investments?
We’ve provided clients with triple net lease options for their exchange since we were founded in 1997.
Passive Cash Flow Is The Preferred Choice.
We have many clients who own their rental properties in addition to their full-time jobs or as part of their retirement plans. Having dealt with property investments for over 20 years, we have found that most people do not want to deal with them themselves.
Renting properties and most other forms of real estate ownership tend to create more hassle for baby boomers as they approach retirement. A triple-net lease property can also provide a reliable source of income and potential appreciation. Direct deposit of rent into your checking account is easy with NNN.
Eliminate All Landlord Hassles & Diversify Your Investment Today
The Downside Of NNN
The 1031 exchanges, and the cost of NNN properties is typically more than $1M. Delaware Statutory Trusts (DST) become very popular due to this barrier to entry since they allow investors to invest in triple-net lease properties for as little as $50k. The barrier of entry prevents many investors from choosing NNN properties. Therefore, investors who might otherwise invest in a triple-net lease can diversify into various properties
NNN Properties For 1031 Exchangors Since 1997
Founded in 1997 at 1031 Exchange Place, LC specializes in providing passive real estate investments, such as NNN properties, to investors and those involved in 1031 exchanges. In case of questions, please do not hesitate to contact an advisor. Despite our nationwide services, we work with many clients from California, Texas, Florida, and New York.
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