If you have been considering investing in commercial real estate, net lease Florida offers may be the perfect solution. At Calkain, we help investors find the ideal net lease properties that will allow them to earn profits without the usual responsibilities associated with being a landlord. Investors have turned to our firm for more than a dozen years because of our experience and knowledge about net lease properties. Call us to find out more about the advantages of investing in a net lease in Florida. If you think a Florida net lease property might be right for you, contact our office today.
What Is Net Lease?
A net lease property is a commercial property where the tenant pays rent for the building or space he is leasing, but also covers some or all of the usual operating and maintenance costs associated with the building. Costs that a landlord would normally cover are paid by the tenant in a net lease arrangement, such as taxes, insurance, and maintenance. Basically, the tenant assumes all financial responsibility for not only the business he or she is running from the property, but also all financial responsibility for the property, as well.
The attraction for net lease Florida businesses is that they reap all the benefits of the profits from renting the business without the headaches. This is why net leases are increasing in popularity.
Examples of Costs Paid by the Tenants
There are two types of net leases you may be able to negotiate with a tenant.
1. The first is called a double net lease. This type of lease requires the tenant to pay their rent, plus all taxes and insurance for the property.
2. The second type of net lease is referred to as a triple net lease or an N-N-N lease. With a triple net lease, the tenant is required to pay their rent, taxes, insurance, and all operating and maintenance costs to run the building. These costs can include janitorial services, landscaping and snow removal, utilities, property management fees, water, sewer, trash collection, and HVAC. The tenant is also responsible for any repairs to the property.
Benefits of Net Lease
For an investor, there are multiple benefits to net lease properties over traditional gross lease properties, where the tenant only pays the rent. One of the greatest advantages for net lease Florida investors is the stable cash flow these types of leases offer. Net lease properties typically have long-term leases so you can count on receiving monthly rental income. You can also work out the terms of the lease so there is some type of annual rent increase each year.
Net lease properties also free up time since you do not need to focus on the operating and maintenance duties of the property as it is now the tenant’s responsibility. Net lease Florida locals often recommend this arrangement for its clear benefits.
The price and available financing options for purchasing net lease properties are often more attractive and easier to obtain than traditional commercial real estate. If you would like to find out more information about net lease Florida investors choose, call Calkain at (703) 787-4714 today.Net Lease Florida