If you’re looking for NNN retail leases, Calkain real estate firm might be able to help. As one of the leading boutique net lease companies, Calkain has forged long term relationships with single tenant lessees throughout the country. If you would like to speak with one of our representatives, please call us today.
What are NNN retail leases and why should I use them?
Also known as triple net leases, NNN retail leases are commercial real estate rental agreements that are structurally set up to allow the tenant to pay the rent and all associated expenditures such as:
- Property taxes
- Property maintenance
- Property insurance
In general they are single-tenant retail properties that are leased to people who have exceedingly high credit ratings. Due to the significant number of benefits, it’s common for investors to add NNN lease investments to their portfolio.
The advantages have fueled an enormous amount of growth from those looking for guaranteed income and no management responsibility. As with any type of investments, there are many things to consider before structuring NNN retail lease deals.
Benefits for Investors
NNN retail properties provide a broad range of benefits to turnkey investors. In general, these types of leases carry a lower risk than other properties as well as significant returns on the investment. Popular nnn retail properties include fast food franchises, pharmacies, general party stores, discount stores, and auto part stores.
One of the most notable advantages of triple net leases is that the investor is not responsible for any major expenses, such as rent and property maintenance. These types of leases also offer various tax benefits to investors, and may be able to prevent capital tax gains on federal tax returns. A further benefit to investors is the often lowered rental costs, which can make it easier to secure tenants.
Benefits for Tenants
Tenants can also benefit from NNN retail properties. Leases may be more affordable and increase only slightly, in lieu of inflation, after a period of specified years. Tenants may also be motivated to take care of the property, also a benefit to the landlord, and thereby making it more attractive to potential customers.
NNN Retail Property Considerations
If you’re considering leasing NNN properties, you’ll want carefully weigh out the advantages and disadvantages. More importantly, you should discuss the terms laid out in the structure to see that they fit with your own objectives and budget. For instance, a new building might be better to rent versus an older one that could be in need of some extra maintenance. If not specified in the terms, you may be responsible for extra, often unnecessary, repair costs.
Calkain: A Boutique Firm with a Passion for Net Leases
Triple net leases can be a smart choice for investors and prospective tenants. Whether you’re completely new to NN properties or are ready to structure a lease agreement, Calkain is ready to help. To speak with a representative about our available NNN retail properties, please call Calkain today at (703) 787-4714.NNN Retail