A "Net Leased" property is generally a commercial facility with a standing lease in place. A net lease usually includes a provision for the tenant to pay, in addition to rent, certain costs associated with the operation of the property. These costs may include property taxes, insurance, repairs, utilities and maintenance. There are also "NN" (double net) and "NNN" (triple net) leases. The difference between the three is the degree to which the tenant is responsible for operating costs.
Net leased investments are an excellent vehicle for enhancing wealth while simultaneously reducing credit risk and requiring minimal management responsibility. When acquired with professional guidance, net leased investments are an essential compliment to any sound real estate investment strategy.
Subscribe to:
Post Comments (Atom)
1 comment:
Connecticut commercial real estate leased and sold. Double or triple net. Call Abreu Realty at 203-757-7202 and visit www.abreurealty.com
Post a Comment