Net Lease Properties for Sale in Florida

Florida | Net Lease Properties for Sale

Are you looking for a net lease property for sale in Florida? This type of lease essentially states that the tenant (or the lessee) is responsible for most of, if not all, the operating costs. This creates a hassle free financial opportunity for an owner. Florida net leases may be very attractive to a landlord. The costs in question are usually typical operating costs or costs that help maintain the property.  These can include:

  • Utility Fees
  • Taxes
  • Trash Collection Fees
  • Property Management Fees
  • Property Insurance

Although what the tenant pays can vary from lease to lease, there are extreme benefits for owning a net leased asset. In the commercial real estate industry it is more common to see a triple net (NNN) lease than a single net (N) lease. A NNN lease means that all costs are covered by the tenant, a double net (NN) means the landlord covers one of the expenses, i.e. roof and structure, and single net means the owner covers even more than that.

What are the Details of these Leases?

Yes, in fact, there are three main types of net leases.

  • Single Net Lease. In this type of net lease, the tenant is only required to pay rent and property taxes. This is one of the most common types of net leases because there is minimal risk for the tenant.
  • Double Net Lease. In this type of lease, the tenant pays both the insurance premiums as well as the property taxes.
  • Triple Net Lease. In this type of lease—also called an NNN lease or a net-net-net lease—the tenant must pay their rent as well as any additional expenses.

Can you negotiate when you are signing a net lease?

It is important to remember that the tenant and the landlord both have negotiating powers when it come to a net lease options. When you work with someone from Calkain Companies LLC, you can discuss what the options you may have if you are looking for a Florida net lease asset for sale.

What are the benefits of a single tenant net lease?

There are many benefits to a single tenant net lease. Some of these are:

  • The investor/landlord usually has a stable cash flow. Many of these types of leases typically last anywhere from 10-25 years, and when this is the case, a single tenant lease can offer the investor of the property stability.
  • The landlord has less responsibility. When you are the landlord of a triple net lease property, you typically have significantly fewer responsibilities. Instead of worrying about paying expenses—like property taxes—these can be billed directly to the tenant and relieve the landlord of this type of worry and responsibility.

Get the Help You Need When Searching for a Net Lease Asset for Sale in Florida!

If you are thinking about investing in a single tenant net lease property, reach out to the Calkain today to work with one of our associates. 

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