When you see the phrase "tri-net properties for sale," you should always pay attention, as triple-net properties can be some of the quickest and most dependable-to-manage properties available to purchasetriple net lease for sale. Triple Net or NNN means that the tenant or renter is responsible for all property care and maintenance, pays all property taxes, and pays all property insurance requirements.
There are several advantages to owning a triple net property.
easy to manage
The Landlord's sole responsibility is to cash the tenant's monthly check.
Tenant is required to repair roof, remove all trash, clean parking lot, repair parking lot, scratch parking lot, handle landscaping, take care of plumbing issues, pay all electricity including power needs. to operate parking lot lighting, pays all property taxes, including property taxes, income taxes, and equipment taxes, and pays property insurance including liability insurance, fire insurance and property insurance.
Most NNN properties are leased to a high net worth company with a high credit rating, meaning there is minimal risk in this type of investment.
long term lease
Although the triple network properties are leased for variable periods of time, most of them are for a minimum of twenty (20) years with another four (4) five (5) year options to renew for a total of forty ( 40 years.
Rent Increases (Increase in Value)
Although the increases in the minimum rent are negotiable, most of them have an increase provision every five (5) years. Some increase each year. Almost all of them have increasing option periods and most of them will increase to fair market value. This means that the rent is adjusted to the market rent that is charged to similar tenants for similar properties in the vicinity. This increase in rent gives the Owner an immediate increase in value.
easy to sell
Triple net properties for sale are always in demand as they are a very safe investment and there is a constant demand for this type of property.
That is a good version of property and assets to own if you would like change for one more home or property and is a fantastic property to trade to a person who is within the exchange searching for a residence. And insurance coverage, research can be hugely limited and simple, making them high-quality prospects for change, since tenant accounts for all maintenance and repairsmaintenance and income taxes.
easy to finance
Financing is usually always available for this type of property due to the credit of the tenant, as it is a low risk investment and banks are familiar with this type of property. When you can't get financing for other types of property, you can usually get financing for this type of property.
As you can see, if you see triple-world-wide-web properties for sale, it's chance to take action.