A triple net or NNN lease is a single-tenant arrangement that removes the burden of property management from an investor’s shoulders by asking the tenant to pay required property expenses along with the base rent. Unlike a standard or gross lease where the tenant is only responsible for paying property rent, a NNN lease requires them to pay all three major property expenses in addition – insurance fee, property taxes, and maintenance cost. As the tenant is also responsible for paying the property expenses, the base rent in a NNN lease is slightly less than that in a standard lease. NNN investment properties generally include retail spaces, office buildings, shopping complex, industrial properties, etc.
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6955 EL CAMINO REAL, ATASCADERO, CA 93422
Downtown Retail Corridor on El Camino – El Camino Real is THE primary commercial corridor in Atascadero, paralleling CA-Hwy 101 with neighboring retailers Galaxy Theatre, Starbucks, Bank of The West, Pizza Hut, Vons, CVS, Union Bank, UPS Store, Taco Bell.
2574 WINNSBORO RD , MONROE, LA 71202
Store opened in October 2018 with 15-year absolute NNN lease through October 2033. Monroe is the Principal City of the Monroe Metropolitan Statistical Area, which includes the parishes of Ouachita and Union. Large 9,026 building with concrete parking lot.
2 PINE CONE RD , DAYTON, NV
89403
2 Pine Cone Road, Dayton, NV, a freestanding single tenant retail building leased to Taco Bell. The building is comprised of 2,500 square feet and is built on a 36,394 square foot lot and it was constructed in 2005 and is in excellent condition.