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The Triple Net Lease: Why is it So Popular?

Consider investing in commercial real estate? A triple net lease is a form of real-estate lease agreement where the lessee is responsible for all ongoing property expenses. Visit : https://www.horizonresourcesinc.com/triple-net-leases-for-commercial-real-estate/

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The Triple Net Lease: Why is it So Popular?

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  1. Triple Net Leases for Commercial Real Estate Commercial Real Estate 

  2. A NNN is often used by retail companies such as Walgreens where these tenant companies pay all the property’s expenses from the monthly rent and utilities to real estate taxes, ongoing maintenance and building insurance. These leases are engaging to these organizations because their monthly rent is lower and they can deal their brands and all aspects of customer interaction with their companies on site more closely, which is significant for retail chains especially. Triple Net Leases are So popular.

  3. The proprietor of the commercial property is only answerable for the mortgage, which is paid through the rent collected from the tenants. This is very appealing for owners as they have lower risk while getting consistent long haul pay. Most of these leases run from 5 to 10 years on average and are typically renewed as long as the company operates in the area. Characteristics of Triple Net Leases

  4. Triple net leases are very popular today They offer regular income to the owner investor while lowering risk and related costs. A commercial property for a triple net (NNN) lease can include an office building, an industrial park, a standalone building for a bank, pharmacy or restaurant chain or a shopping mall. Rent does go up annually and the lease typically lasts anywhere from 5 to 10 years on average.

  5. Benefits ofTriple net leases (NNN) Maintenance may still be done through an outside organization. Many businesses or organizations still contract for commercial real estate property management services. A triple net lease, the business would contract straightforwardly with the firm, while in other leases, the owner and landlord hires the company to provide commercial real estate property management services.

  6. Thank You. Horizon Resources (760) 692-5205 HRI@HorizonResourcesInc.com www.horizonresourcesinc.com

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