Triple Net Lease Agreement
You've made the decision to invest in a triple net lease property, now how do you find the right investment opportunity? If your triple net lease investment is part of your IRS 1031 exchange, you'll also have to factor in the time constraints imposed by the IRS. At TM 1031 we work with the top brokers to make the process as pain free as possible. As you may know, a triple net lease is a long-term agreement between the owner and the lessee. The owner provides land and buildings in exchange for rent and upkeep. The lessee agrees to pay for taxes, insurance, and maintenance throughout the course of the lease. Lessees have to be highly motivated in this type of arrangement to make the property attractive to potential customers. Triple net lease opportunities are available for a wide range of capital investments. One of the most stable of investments is an investment in a government building. Long-term government contracts provide you with a stable source of income, and the highest possible level of compliance with maintenance requirements. Check out our property surveys online at www.tm1031exchange to get in contact with a broker or representative who offers government buildings as part of a triple net lease arrangement. Many national retailers and service providers operate out of triple net lease properties. Companies like Jiffy Lube, Toys R Us, Burger King, and Kentucky Fried Chicken all take part in triple net lease agreements throughout the country. As a property owner your triple net lease agreement entitles you to a steady stream of predictable monthly income.
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