Triple net lease (NNN) real estate deals, in which the tenant pays all of a property’s real estate taxes, insurance, maintenance and fees have the potential to deliver higher yields for less effort than comparable commercial real estate deals.
Tenants may find NNN deals more attractive because of their typically lower rents, and, when they involve newer buildings, lower expenses. A roof leak or other unexpected expense a tenant would be responsible for in an NNN-structured deal is less likely to occur with newer properties. Without the need for property managers and budgets for unexpected expenses, investors are finding NNN deals attractive in the current market, especially in the quick-service restaurant space.
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.