{"id":1004046129,"date":"2012-09-05T10:58:12","date_gmt":"2012-09-05T18:58:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004046129"},"modified":"2022-12-07T11:45:24","modified_gmt":"2022-12-07T19:45:24","slug":"deciding-on-a-triple-net-lease-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/deciding-on-a-triple-net-lease-investment\/","title":{"rendered":"Deciding on a Triple Net Lease Investment"},"content":{"rendered":"

\"\"<\/a>By Randolph T. Mason, CCIM, SIOR\u00a0Partner, Commercial Realty Specialists<\/p>\n

Have you ever thought that purchasing a NNN lease was as simple as purchasing a bond? Well, think again. There are many things to consider when purchasing this type of investment vehicle.<\/p>\n

While it may seem like a straightforward investment, it\u2019s important that the investor understands what he or she is buying. Generally, you are buying the net cash flow that the lease provides. That\u2019s why it\u2019s so important to really understand the underlining lease. There are many definitions of Triple net leases, so make sure the specific investment works for you.<\/p>\n

Is the lease a \u201cBond Lease\u201d, where the occupying tenant is actually fully responsible for all of the operating expenses; including the building maintenance, repairs and replacements for the entire building and site? Is it a \u201cNNN Lease,\u201d which is similar to a\u00a0 bond lease, except that capital expenditures paid for by the tenant are generally limited? With this lease the tenant is usually liable for all of the properties operating expenses.<\/p>\n

There is the \u201cNN Lease\u201d, where the landlord is responsible for the structural components of the property such as the roof, load bearing walls & foundation. Finally, there is the Modified Gross or Modified Net lease. In this lease, the rental amount usually includes the properties’ taxes, maintenance & insurance. The tenant is responsible for its own utilities and interior cleaning.<\/p>\n

After understanding the specific lease that the occupying tenant has signed, it\u2019s critical to understand who the tenant is. Will this tenant be able to continue paying its rent for the entire lease term? What is the long term outlook for this tenant’s industry in this location? Is his or her industry being sent off shore?\u00a0There are many questions to consider.<\/p>\n

Then there is the specific piece of real estate.\u00a0\u00a0That is, after all the \u201ctangible\u201d you are purchasing. Is it a tenant specific type of property, or can other tenants occupy the real estate should the current occupant vacate the property?<\/p>\n

Finally, who will be managing the investment? Questions always come up and there needs to be someone there to answer the questions, take care of the issues, and generally look after your real estate.<\/p>\n

As you can see, there are many things to consider and when done thoughtfully, methodically, and wisely, a Triple Net Property can be a sound investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Randolph T. Mason, CCIM, SIOR Partner, Commercial Realty Specialists: There are several things to keep in mind when considering a triple net lease investment.<\/p>\n","protected":false},"author":1223,"featured_media":1004046132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004046129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nDeciding on a Triple Net Lease Investment - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/deciding-on-a-triple-net-lease-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deciding on a Triple Net Lease Investment\" \/>\n<meta property=\"og:description\" content=\"By Randolph T. 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