Savvy investors recognize the inherent benefits of triple net lease properties (NNN), in which tenants pay rent and all the other expenses of managing that property, including utilities, real estate taxes, insurance and costs for repairs and maintenance. Without these responsibilities, investors can pretty much sit back and collect a steady stream of passive rental income while building equity in those properties. However, not all NNN properties are created equal. Investors should still conduct thorough due diligence and focus on the following three factors:
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email firstname.lastname@example.org.