Triple Net Lease For Sale
There are a number of different reasons to invest in a triple net lease property. If you're looking for a reliable and stable source of monthly income, a triple net lease can provide that and more. Since a triple net lease is a long-term arrangement, you may be able to get a mortgage loan for a lower rate. In addition, triple net lease properties tend to have a high residual value since they are built for retailers that have researched the market extensively. For many investors, a triple net lease for sale is a golden opportunity. A single tenant such as a retailer or industrial client generally occupies triple net lease properties. These tenants tend to take care of and maintain the property because they want to make it appealing to customers and clients. When you invest in a triple net lease, you agree to rent the property and building for an extended period of time. In addition to a monthly rental income, the tenant also agrees to pay for state and local taxes, insurance, and maintenance. Maintenance expenses may include repairs as well as routine upgrades such as new carpets, parking lot resurfacing or painting of the interior or exterior. A triple net lease for sale in your area may be an excellent source of monthly income. Through the years, triple net lease properties have generated a cash on cash return of between nine and ten percent. The rate of return for this type of investment can be as high as 20 percent over the course of the loan. If you sell your property, and you're looking to reinvest in a replacement property with a greater earning potential, less hands-on management and improved stability, we can connect you with the right broker or real estate developer. To get started check out our property surveys online at www.1031exchange.com.
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