Absolute Investment Realty has been chosen as the exclusive leasing If you are looking to buy, our team will combine your criteria with our knowledge to find you the ideal net lease investment. View our current inventory of net lease properties, our inventory is updated daily so be sure to sign up for property updates. In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. In 2009, Brendan formed Absolute Net Properties, LLC to focus on the development and brokerage of single tenant net lease and shopping center properties.Absolute Net Properties has done business with companies including but not limited to Meijer, Home Depot, Menards, AutoZone, O'Reilly Auto Parts, ALDI, Discount Tire, Vitamin Shoppe, Aspen The building offers two bay roll Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and C-Store Absolute NNN Lease Located in Russellville, Arkansas. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Low Rent, Providing For a Safe and Stable Investment. In a NNN lease, the tenant is responsible for taxes, insurance, and general building maintenance, and the landlord or investor is removed from almost all of the financial obligations. In another scenario, and because NNN lease is a more popular phrase than absolute net lease, the property may be listed as a NNN lease when the terms describe an absolute net lease. This is why it is called a triple net lease. Browse all of LoopNet's NNN Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. This Deal Includes an Absolute Triple Net (NNN) Lease With 18+ Years Remaining and Zero Landlord Responsibilities With Attractive Rent Increases, Providing For a Secure Investment. And, within those real estate assets, private equity firms may or may not invest in properties that have absolute and/or triple net leases. dining. Lease Type: N/a Storefront Example NNN Dutch Bros Houston, TX $1,925,000 Lease with 10% Rental Increases Every Five Years. 417-421 South St - NNN Property Philadelphia, Pennsylvania The Snipes Building is located between the highly affluent Society Hill and Queen Village neighborhoods, with average household incomes over. #REC.2020005946 BoR: Scott Reid Lic. maintained with exceptional upgrades The roof is a new TPO roof and gravel private entrances (with remote access control for the 2 What is an absolute net lease? View Listing Download. In Cooperation With Sands Investment Group North Carolina, LLC Lic. Sands Investment Group is Pleased to Present For Sale the 2 Unit C-Store Portfolio Located in Arkansas. . NNN leases are often confused with absolute net leases and making a discernible distinction is integral to understanding your commercial real estate investment and responsibilities. floor kitchen and 730 SF of 2 CBRE Net Lease Properties is a team of Capital Markets professionals who specialize in the sale, purchase and recapitalization of single tenant net leased properties in the U.S. Connect to Deal Flow, connect to the world. When it does, they must perform their own due diligence independent of the private equity firm to ensure that the opportunity is a good fit for their own investment objectives, risk tolerance, and time horizon. There is gated parking behind the building for employees or equipment. Under a triple net lease the tenant agrees to pay all real estate taxes, maintenance and insurance in addition to all other normal costs such as rent and utilities. [] Status: Available CAP: 4.00% Years Left: 15 Lease Type: N/a Storefront Example NNN Bank of America Katy, TX $4,110,000 No Landlord Management and Scheduled Rental Increases Every [] Status: Available CAP: 3.65% Years Left: FNRP. maintained with exceptional upgrades. Sands Investment Group is Pleased to Present For Sale the Raydeo Enterprises Absolute NNN Lease Investment Located in Ball Ground, Georgia. ParaSell, Inc., A Licensed Colorado Broker Lic. Gallery 3. A net lease is a type of commercial real estate lease that requires the tenant to pay a base monthly rental amount plus some portion of the propertys operating costs, depending on the specifics of the lease. IL #471021429. The confusion between NNN leases and absolute net leases often initiates from an inaccurately advertised NNN lease, or a misunderstanding of the different leases on either the investors or the tenants behalf. The heating and cooling system have been upgraded to HVAC In 2017 the The primary exposure is in the tenant's risk rating since the property will typically house just one. Quick service restaurants and the growing retail healthcare sector also gravitate toward this lease type. Ground + Space is a leading commercial real estate brokerage firm that specializes in single-tenant and retail NNN investments. Most real estate investors fail to generate predictable cash flow. To learn more about our current investment opportunities, click here. 1000 . Franklin Street Investment Services is pleased to present CVS Pharmacy in Doral, Florida. In an absolute net lease, the tenant is responsible for. This includes construction of the building and paying for the day-to-day operations of the business. Tenants pay gas and electric, while water, sewer, and trash cost is included All Rights Reserved. These net-lease properties sell at a reasonable price point, between $1.5-2 million, and sit on visible 1/2 - 3/4 acre lots with easy access. This means that the tenant (not the landlord) is responsible for: Absolute net lease assets are an excellent alternative cash flow option for investors. This building has been well Fast-food franchising remains to this day as one of the most popular options for entrepreneurs when starting a new business. Single Tenant Net Lease Office Space | Suwanee, GA. 500 Buford Hwy - Suwanee, GA 30024. The tenant (previous owner) knows the building history and may be comfortable accepting the responsibility for future repairs on that basis. Interested in getting our latest deals? Leased to one of the US' largest Pediatric Healthcare Providers. representative for the sale of Volcano Plaza Shopping Center, a busy hardcorner shopping center in Albuquerque, NM. Contact us today. Regardless of the textbook definition for any lease structure, it's important to confirm how the landlord defines the lease they are advertising prior to submitting an offer. Dont miss this opportunity to acquire a cash-flowing investment property CBRE Net Lease Properties is a select team of senior level CBRE Capital Markets professionals that specialize in the sale, purchase and recapitalization of single tenant net leased properties throughout the United States. It has a strong mix of tenants is currently 97.03% leased with only FL #BK3369953, In Cooperation With Sands Investment Group Austin, LLC Lic. In it, the tenant pays base rent plus some portion of the propertys operating expenses. #29362 BoR: Amar Goli Lic. The parties involved must also be well-versed in both the particulars and the fine print of a lease before signing. Net lease is a completely separate market under the commercial real estate umbrella. At First National Realty Partners, our investment focus is on grocery store anchored retail properties. # 132680, Broker Not Licensed in CO. Sands Investment Group is Pleased to Present For Sale the Marathon Absolute NNN Located in Durango, Colorado. of the propertys major operating expense categories, usually property taxes, insurance, and maintenance. Copyright 2023 NNN Properties. Retail Services offers global reach and the capability to serve retailers, restaurateurs, owners, investors and developers across all retail environments. Triple net lease real estate for sale. Raydeo Enterprises Will Sign a Brand New 5 Year Lease With Two (2) 5 Year Options and 1% Annual Increases at Close of Escrow. Phone: 844.474.4666 An Absolute Net Lease would typically be used in a sale leaseback arrangement. Lease Type Absolute NNN Tenancy Single Brand/Tenant Accurate Forming Lease Expiration 11/30/2034 Remaining Term 11.8 years Square Footage 69,992 Occupancy 100% NOI $434,182 Pro-Forma NOI $500,000 Year Built 1976 Buildings 1 Stories 1 Lot Size (acres) 15.9 Rent Bumps 2026 and 2029 Lease Options NONE Ownership Private Loading Docks 5 Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. In an absolute net lease structure - sometimes referred to as a bondable lease or absolute NNN lease - the tenant is responsible for all operating costs. 10 Percent Rental Increases [], Strong fundamentals below market rent in strong [], There are many reasons an investor may wish to convert an investment, Have you ever wondered whether buying raw land with a 1031 exchange, If youre an investor or property owner in a 1031 exchange, you. With an intentional focus on finding world-class, multi-tenanted assets well below intrinsic value, we seek to create superior long-term, risk-adjusted returns for our investors while creating strong economic assets for the communities we invest in. In this article, we will define what a net lease is, describe the different variations, and highlight the differences between two specific types of net leases known as the . License: TX 0606255, CA 01391653. . to immediately unsubscribe. Not all of services referenced on this site are available in every state and through every representative listed. The triple-net lease is well suited to sale/leasebacks as a way to transition the selling company from having absolute control over its surroundings to a situation where it merely is a "lessee." Despite the emotional response that may be generated by the change in status, the sale/leaseback provides a number of advantages to both seller and buyer. In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. Cap Rate: 6.55%. In Cooperation With ParaSell, Inc., A Licensed Oklahoma Broker Lic. An absolute NNN ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a build-to-suit building. These leases include single, double or triple net (NNN) leases; percentage leases; gross leases; modified gross leases; pass through leases and absolute net leases. No matter your investment size, we give you the knowledge you need. Premises: 58,586 SF. This Deal Includes a Long-Term Passive Investment With Over 21 Years Remaining on the Lease and Zero Landlord Responsibilities. 2764 S Congress Ave - NNN Property Palm Springs, Florida uses. used as an Italian restaurant. An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent but also pays for all expenses of the property and daily operations of the business. In an absolute net lease, the tenant is responsible for all costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. 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