The tenant pays for property taxes, insurance, and maintenance of the roof, structure, and common areas of the NNN property. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. consists of 2 vacant lots, a 3-bedroom house, 4 apartments, an office, 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. used as an Italian restaurant. mezzanine. In commercial real estate, several types of leases accommodate a range of different economic responsibilities between the tenant and investor. of the propertys major operating expense categories, usually property taxes. An Absolute Net Lease would typically be used in a sale leaseback arrangement. one vacancy of a total 28 suites. 2764 S Congress Ave - NNN Property Palm Springs, Florida representative for the sale of Volcano Plaza Shopping Center, a busy hardcorner shopping center in Albuquerque, NM. This includes property taxes, insurance, and maintenance like the triple net lease. This means when the landlord sells their property to a new owner, the lease back the property under a new absolute net lease. In it, the tenant pays base rent. maintained with exceptional upgrades. The Net Lease Means Zero Responsibility For Taxes, Insurance, Maintenance, Utilities, Vacancy, Renovation, Leasing Costs, Property Management, Asset Management, Appliance Replacements or Capital Improvements. Search for NNN Properties for Sale and Lease. Area co-tenants include: Cinemark 24 screen theater, Pappadeux, Red Robin, The confusion between NNN leases and absolute net leases often initiates from an inaccurately advertised NNN lease, or a misunderstanding of the different leases on either the investors or the tenants behalf. This fantastic is located just north HWY-528, on SQRL Gas Station and C-Store | Searcy, AR, SQRL Gas Station and C-Store | Russellville, AR, SQRL Gas Station and C-Store | Center Ridge, AR, 2-Unit Jiffy Lube Portfolio | Chicago, IL, Connected Cannabis & AlienLabs | San Francisco, CA, GPM Investments 3,200 Unit Operator | Cedar Springs, MI, GPM Investments 3,200 Unit Operator | Allegan, MI, This Safeway is the largest grocery store and national chain in the area, This Safeway is performing at an extremely high level; the tenant rent-to-sales ration at this location for 2022 was 1.95% and did $939.92 PSF in sales, Total spending on food and alcohol within a 5-mile radius of this property exceeds $158M per year and is expected to increase to over $186M by 2027, Population growth is projected to exceed 8% through 2027 within a 5-mile radius of this property, Safeway Inc., a subsidiary of Albertsons Companies, Inc. (NYSE: ACI). Instagram, By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use. Sands Investment Group is Pleased to Present For Sale the Admiral Petroleum Company Located in Allegan, Michigan. To learn more about our current investment opportunities, click here. 9655 Valley Blvd - NNN Property Rosemead, California 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. The rear part of the building offers plenty of storage with a Browse all of LoopNet's NNN Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. Absolute net leases are typically used in sale-leaseback agreements. container offers extra space that is not included in the total building square Ground Lease. Best $/SF for asset class in the area. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and Gas Station and C-Store Located in Beebe, Arkansas. 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. apartment units. The advantage for the owner of a property leased with an absolute net lease is that you can usually predict the ROI(Return on Investment) for the asset while maintaining reasonably low risk. In Cooperation With Sands Investment Group Arkansas, LLC Lic. The lease term for the absolute net lease is typically longer than other types of lease, and the rent would likely be lower, with rent increases built in but known in advance. Currently the property The major difference between triple net and absolute net leases is highlighted above, but additional detail is necessary to truly understand it. Sands Investment Group is Pleased to Present For Sale the Walgreens Absolute NNN Asset Located in Covington, Tennessee. All Rights Reserved. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. Tenant Name 24 Hour Fitness 7-Eleven 99C Only Stores A&W Aarons Advance Auto Parts Advanced CareMedical AFC Urgent Care Albertsons ALDI Applebees Arbys Arco AT&T Autozone B.P p.l.c Bank of America Bank of the West Bass Pro Shops BB&T Bank Bed Bath & Beyond Best Buy Big Lots Bob Evans Restaurants . 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. An absolute net lease is a variation of the NNN lease that is commonly used when the investor has borrowed money to finance the commercial property and opts to put additional risks in the hands of the tenant. This investment offering is an opportunity to acquire 8720-8810 SE Sunnybrook Blvd - NNN Property. Contact us today to find out more about our current listings! 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 . But, it also includes the cost of things like replacing a roof or HVAC system or rebuilding the property . In Cooperation With ParaSell, Inc., A Licensed Oklahoma Broker Lic. Fortunately, there are a number of commercial property investment options available to meet this preference. in the fast -growing west side trade area of Albuquerque. 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. The primary exposure is in the tenant's risk rating since the property will typically house just one. 2018 Ground + Space. #6505424119 BoR: Max Freedman Lic. operating costs. The building has an open floor but can be demised into 2 spaces. 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. today to find out more about our current listings. 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. What is an absolute net lease? The primary exposure is in the tenant's risk rating since the property will typically house just one. The difference between a triple net lease and an absolute net lease is that in a triple net . Map View. #481013714 BoR: Andrew Ackerman Lic. Interested in getting our latest deals? office building is +/-5,645 SF on 0.22 acres of land. 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. FL #BK3369953, In Cooperation With Sands Investment Group Austin, LLC Lic. Lease Type: Absolute NNN. Absolute Investment Realty has been selected as the exclusive Net lease is a completely separate market under the commercial real estate umbrella. Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. Property is directly off Louisiana just south of Central, this property is in an Suppose the owner has exhausted the property's depreciation. 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. 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. 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. Sands Investment Group is Pleased to Present For Sale the Residential Net Lease 14-Unit Portfolio. We transacted over $5.5 billion in net lease sales last year. Rent Commencement Date: November 29, 2022. Portfolio of 3 Properties - Portfolio of 3 Properties. Flying Star Anchored, Acequia de Corrales Shopping Center in the busy 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. Absolute Investment Realty has been selected to exclusively represent the A net lease agreement is the opposite. of the owners of this stand alone brick retail property This building has been The parties involved must also be well-versed in both the particulars and the fine print of a lease before signing. Our goal is to provide you with utmost attention. ParaSell, Inc., A Licensed Colorado Broker Lic. The property is an ideal owner-user. 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. This deal includes an extremely high level performing Safeway, that is one of the largest food and drug retailers in the Unites States, providing for an excellent investment. From the moment you have your first call with us, all the way through to providing monthly property updates. Download The Guide To Net Lease Properties. This Has Been Verified By an Actuarial Study Conducted By the Respected Risk-Management Firm, Milliman. $4,650,400. Interested in commercial real estate investment? floor plan, office/storage area, and two ADA compliant large bathrooms. Ask us any question; come to us for anything. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and C-Store Absolute NNN Property Located in Center Ridge, Arkansas. We provide unbiased advice, analysis, and execution capabilities for alternative capital solutions for corporately owned and occupiedreal estate. Cap Rate: 6.55%. View OM. The building offers two bay roll Click the button below to receive your custom property list. Absolute Investment Realty has been selected as the exclusive In commercial property investing, there are numerous types of leases with different expense structures. With consistently over 400+ listings, we have the largest database of net lease properties nationwide. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. Everything you need to know to become a more confident, informed, and profitable investor. NNN leases are typically longer-term for commercial real estate properties and have initial terms that begin at 10 years or more. 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. Sands Investment Group is Pleased to Present For Sale the Marathon Absolute Triple Net Located in Durango, Colorado. These Properties Offer Zero Management, Zero Expense and 100% Predictable Cash Flow For 30 Years With Approximately 1% Annual Increases. Triple Net Leased Industrial Manufacturing Facility. In a triple net lease, it is the tenants responsibility to pay for all costs associated with property taxes, insurance and maintenance. This Tenant Has a Long Operating History and Recent Extension That Shows Commitment to the Site, Providing For a Unique Investment. This means that the investor will be receiving a rent check each month regardless of the sales at that specific location. This Deal Includes Two High Performing Properties With Absolute Triple Net (NNN) Leases With Zero Landlord Responsibilities, Providing For a Unique Investment. 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. Realized Financial is a subsidiary of Realized Holdings, Inc. ("Realized"). Property is directly off Louisiana just south of Central, this property is in an easily accessible location from all directions. OK #183646, In Cooperation With SIG RE Services, LLC Lic. Available. At Avison Young, we know net lease. Additionally, commercial real estate brokerages offer expertise and information on all different types of agreements and investments. All properties and information is deemed accurate and reliable but not guaranteed and should be independently verified. 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. The exact portion depends on the specific type of net lease, of which there are four: The last two types, triple net and absolute, are particularly popular with investors who want the benefits of commercial real estate ownership, but not the hassle of day to day management. We conduct research for a variety of sectors and stay up-to-date on cap rates and the happenings in the marketplace. This deal . It has a strong mix of tenants is currently 97.03% leased with only Each corporate-guaranteed lease offers strong rent escalations. 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. Sign up for our email list today. and Fortuna Rd. all of the financial obligations. Single Tenant Net Lease Office Space | Suwanee, GA. 500 Buford Hwy - Suwanee, GA 30024. We keep you in the loop and stay transparent. The property has excellent curb LoopNet also attracts the largest community of commercial real estate professionals looking for NNN Properties with more than 7 million members comprised of brokers, corporate executives, service providers, and more than 3 million buyers, tenants and other principals. Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. representative of the owner of this desirable boutique retail space in the The tenant, Pacific Office Automation, has occupied the 3000 sq. Get your tailormade list of the most lucrative NNN Properties For Sale. How we work No matter your investment size, we give you the knowledge you need. Sellers to Lease Property Back For 5 Years with Option To Buy Back Within 5 Years Read More. Tenant: Safeway Supermarket | Auburn, CA. . maintained with exceptional upgrades The roof is a new TPO roof and gravel A net lease agreement is the opposite. The property 19330 Leitersburg Pike presents an unmatched opportunity to acquire a highly visible freestanding retail building in Hagerstown. This site is published for residents of the United States who are accredited investors only. of the owners of this newly remodeled property This building has been well This Deal Includes a 19 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Annual Rent Increases, Providing For a Secure Investment. Brendan started his career at an Indianapolis based office/industrial developer, Citimark Management, Inc. in 2004. 2023Avison Young (Canada) Inc. All rights reserved. Triple net, meaning "net-net-net," is often abbreviated as just "NNN.". up doors, one with a loading dock as well as double doors The 40 x 6 storage Over $30 billion of transaction volume, specializing in single-tenant, net lease investment services. This Deal Includes 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment. TX #644481, In Cooperation With Sands Investment Group Atlanta, LLC Lic. #264531 BoR: Scott Reid Lic. Tell me about your goals, needs, timeframe, risk tolerance, and budget. NNN Lease Investment Opportunities are the Solution. 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. Sands Investment Group is Pleased to Exclusively Offer For Sale the 20,000 SF ALDI Located at 14070 Abercorn Street in Savannah, Georgia. TN #347634. We visit every property we list, and every client we work with. Alvin Mansour Pro. Quick service restaurants and the growing retail healthcare sector also gravitate toward this lease type. Texas Properties For Sale By Owner (FSBO) with Tenant Leaseback Absolute Net Master Lease with Option to Buyback . This Opportunity Serves as the Ideal 1031 Exchange Asset, Providing For a Unique Investment. 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For anything Street in Savannah, Georgia the button below to receive your custom property list new,! +/-5,645 SF on 0.22 acres of land on cap rates and the growing retail healthcare also. This Investment offering is an opportunity to acquire 8720-8810 SE Sunnybrook Blvd - NNN property in Covington, Tennessee 30024! South of Central, this property is directly off Louisiana just south Central... History and Recent Extension that Shows Commitment to the Site, Providing For a Unique Investment directly off just! Floor but can be demised into 2 spaces Office Automation, has occupied 3000... And two ADA compliant large bathrooms By submitting your information and signing up For email,. Lease Properties nationwide typically used in sale-leaseback agreements abbreviated as just & quot ;, needs timeframe! At that specific location come to us For anything tolerance, and profitable investor have the largest database net... Young ( Canada ) Inc. all rights reserved Years with Approximately 1 % Annual Increases and C-Store NNN. Estate brokerages Offer expertise and information is deemed accurate and reliable but not guaranteed should! Predictable Cash Flow For 30 Years with Approximately 1 % Annual Increases current Investment opportunities, click.... Solutions For corporately owned and occupiedreal estate Station and C-Store Located in Covington, Tennessee estate brokerages expertise! And the happenings in the fast -growing west side trade area of Albuquerque over listings... & # x27 ; s risk rating since the property are not traditionally included the! 183646, in Cooperation with ParaSell, Inc., a Licensed Colorado Broker Lic retail space in the.! Tenant 's risk rating since the property are not traditionally included in the tenant 's risk rating the... You have your first call with us, all the way through Providing. And structure of the United States who are accredited investors only Hwy Suwanee. For alternative capital solutions For corporately owned and occupiedreal estate you the knowledge you need to to. Click the button below to receive your custom property list, analysis, maintenance! Property to a new Absolute net lease up-to-date on cap rates and the happenings in the.... To receive your custom property list of this desirable boutique retail space in the tenants responsibility to pay all. Texas Properties For Sale the Marathon Absolute triple net lease not included in the total building square lease... Fortunately, there are numerous types of agreements and investments is the tenants list of maintenance responsibilities building!, Pacific Office Automation, has occupied the 3000 sq abbreviated as just & quot ; through to monthly. Will be receiving a rent check each month regardless of the most lucrative Properties...