North Palm Beach, Florida - Net Lease Properties are becoming the highly desired investment vehicle for Commercial Real Estate Investors. We are seeing many Real Estate Investment Trusts (REIT) and foreign Investors gobbling up available net lease properties.
A net lease property investment is under contract whereas the lessee is bound by to pay any expenses related to the ownership of the property, including but not limited to utility bills, building repairs, annual taxes and insurance needs. Triple Net Lease Properties "NNN" are still our most desired investment holdings, as explained below.
A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area of that particular Net Lease Property.