This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Rent Increases, Providing For a Secure Investment. appeal and ample parking for employees and guests. Lease Type Absolute NNN Tenancy Single Brand/Tenant Accurate Forming Lease Expiration 11/30/2034 Remaining Term 11.8 years Square Footage 69,992 Occupancy 100% NOI $434,182 Pro-Forma NOI $500,000 Year Built 1976 Buildings 1 Stories 1 Lot Size (acres) 15.9 Rent Bumps 2026 and 2029 Lease Options NONE Ownership Private Loading Docks 5 of the propertys major operating expense categories, usually property taxes. AR #PB00085157. This Opportunity Features a Brand New Construction 20 Year Absolute Triple Net (NNN) Ground Lease Situated Across the Savannah Mall and a Walmart Supercenter, Providing For a Secure Investment in . representative for the sale of Volcano Plaza Shopping Center, a busy hardcorner shopping center in Albuquerque, NM. Property Information. Absolute What is an absolute net lease? All Rights Reserved. Contact us today to find out more about our current listings! This risks blindsiding the tenant later on with a hefty roof or structural repair bill. maintained with exceptional upgrades. Team members are committed to providing institutional quality service to their clients with flexibility and speed . But, tenants may not appreciate the higher rents and property owners are exposed to the risk of rising operating costs that they cant pass through to the tenant. frontage was updated with new windows and awning Security System with If you receive a text message and choose to stop receiving further messages, reply STOP Exchanging properties also hold a wealth of tax benefits beneficial to investors. This Has Been Verified By an Actuarial Study Conducted By the Respected Risk-Management Firm, Milliman. Complete the form below and get a customized list of the newest NNN Properties, plus insider knowledge about the brands youre interested in and which is the best investment. Find NNN Properties for sale at LoopNet.com. Description. Albuquerque, NM. Register for a proprietary account today offering real estate principals exclusive access to: our comprehensive tenant investment summaries, NNN Buyer's Guide, or quarterly market research reports;; our exclusive listings and off-market property inventory;; our proprietary National NNN Listings Database in which we aggregate, vet and underwrite all of the premier on and off-market net lease . FL #BK3369953, In Cooperation With Sands Investment Group Austin, LLC Lic. Lease Type: N/a Storefront Example NNN Dollar General Fernandina Beach, FL $2,215,311 2019 Build to Suit Construction - 9,100 SF [] Status: Available CAP: 4.65% Years Left: 11.9 Lease Type: N/a Storefront Example NNN Pep Boys Tallahassee, FL $2,060,000 Scheduled Rent Increase Set in 2024 | 7.7% [] Status: Available CAP: 5.00% Years Left: 7.3 This means that the investor will be receiving a rent check each month regardless of the sales at that specific location. High deposits at all locations. The primary exposure is in the tenant's risk rating since the property will typically house just one. Within the category of maintenance, the specifics of the lease will detail exactly what the tenant is responsible for paying, but it usually involves things like common area maintenance, landscaping, and basic repairs. The space available is a +/- 2,410 SF restaurant space with 1,680 SF of ground mezzanine The building has an open floor but can be demised into 2 spaces In an absolute net lease, the tenant is responsible for all costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. GA #311619. Instagram, By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use. Absolute Investment Realty has been selected as the exclusive representative The building offers two bay roll Sands Investment Group is Pleased to Present For Sale For Sale the 4,772 SF Connected Cannabis & AlienLabs Located at 5232-5234 Mission Street in San Francisco, California. In an absolute net lease, the landlord/property owner has virtually no financial obligations, which may be appealing to investors seeking a passive cash flow. In a triple net lease, it is the tenants responsibility to pay for the costs associated with property taxes, insurance and maintenance. In a multi-tenant property, the tenants would have to divide up the obligations of ongoing payments rather than having them paid by the single owner in a gross lease structure. There is gated parking behind the building for employees or equipment. But, it also includes the cost of things like replacing a roof or HVAC system or rebuilding the property in the event of storm damage. Investment Realty has been selected as the exclusive representative Portfolio of 3 Properties - Portfolio of 3 Properties. Texas Properties For Sale By Owner (FSBO) with Tenant Leaseback Absolute Net Master Lease with Option to Buyback . The center is known as a destination for neighborhood shopping and #REC.2020005946 BoR: Scott Reid Lic. CBRE Net Lease Properties is a select team of senior level CBRE Capital Markets professionals that specialize in the sale, purchase and recapitalization of single tenant net leased properties throughout the United States. But, tenants may not appreciate the higher rents and property owners are exposed to the risk of rising operating costs that they cant pass through to the tenant. WE MAKE IT PERSONAL In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. footage. The Net Lease Means Zero Responsibility For Taxes, Insurance, Maintenance, Utilities, Vacancy, Renovation, Leasing Costs, Property Management, Asset Management, Appliance Replacements or Capital Improvements. Property is directly off Louisiana just south of Central, this property is in an easily accessible location from all directions. A Simplified Way of Calculating Basis for a 1031 Exchange. Central avenue is a main arterial in Albuquerque and runs the entire east west length of the city It provides highly necessary access to I 25 Area co tenants include Firestone, Dont miss this opportunity to acquire a cash-flowing investment property In 2009, Brendan formed Absolute Net Properties, LLC to focus on the development and brokerage of single tenant net lease and shopping center properties.Absolute Net Properties has done business with companies including but not limited to Meijer, Home Depot, Menards, AutoZone, OReilly Auto Parts, ALDI, Discount Tire, Vitamin Shoppe, Aspen Dental, Panera Bread, Dollar General, Huntington Bank, First Merchants Bank, and many others. $5.5 billion Over $5.5 Billion We transacted over $5.5 billion in net lease sales last year. Cap Rate: 6.55%. In Cooperation With Sands Investment Group Arkansas, LLC Lic. #183645 BoR: Scott Reid Lic. Fortunately, there are a number of commercial property investment options available to meet this preference. When a property is advertised as a NNN lease, the investor may make the purchase under the assumption that all expenses are the tenants responsibility and unintentionally incur a massive financial expenditure in the future. Can You Buy Raw Land With a 1031 Exchange? This site is published for residents of the United States who are accredited investors only. Check the background of this firm on FINRA's BrokerCheck. At First National Realty Partners, our investment focus is on grocery store anchored retail properties. 1/2 . Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. 2051 Town Center Blvd. Contact us today. $367,500 - $735,000. Copyright 2023 NNN Properties. The absolute net lease, also known as a bondable lease, adds every other financial risk of the space to the tenant . Browse all of LoopNet's NNN Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. In an absolute net lease structure sometimes referred to as a bondable lease or absolute NNN lease the tenant is responsible for all operating costs. We are informing, empowering, and connecting investors to the most reliable NNN Properties For Sale, that generate passive income month after month. Phone: 844.474.4666 (Mixed-Use, Low Intensity) which allows for a wide variety of commercial In another scenario, and because NNN lease is a more popular phrase than absolute net lease, the property may be listed as a NNN lease when the terms describe an absolute net lease. Sign up for our email list today. RNL is Capitalized to Withstand Market Fluctuations, Vacancy, Recessions, Inflation and All Other Factors to Maintain Consistent Lease Payments. office building is +/-5,645 SF on 0.22 acres of land. Get a customized list of NNN Properties for sale directly in your inbox. square footage in the state of NM and some of the highest traffic counts in the A triple net lease requires that the tenant pay their monthly rent plus all costs related to: (1) real estate taxes; (2) insurance, and (3) maintenance. Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. $5,500,000. From commercial property for sale to property auctions to 1031 exchanges, Crexi's marketplace and commercial real estate services allow buyers, brokers, owners, and tenants to conduct the whole CRE . An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent but also pays for all expenses of the property and daily operations of the business. Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. Two-Property Absolute Net Leased Investment-Grade Medical Office Portfolio Net Lease | Building Size: 19,657 SF | Land Area: 2 ac . of the owners of this newly remodeled property. Regardless of the textbook definition for any lease structure, it's important to confirm how the landlord defines the lease they are advertising prior to submitting an offer. How we work No matter your investment size, we give you the knowledge you need. No matter your investment size, we give you the knowledge you need. DE #RB-0031000. The heating and cooling system have been upgraded to three new HVAC container offers extra space that is not included in the total building square When someone is conducting a 1031 Exchange, they have 45 days to identify their like-kind property. Corrales Rd directly across from Sprouts. At First National Realty Partners, our investment focus is on grocery store anchored retail properties. Sands Investment Group is Pleased to Present For Sale the SQRL Gas Station and Gas Station and C-Store Located in Beebe, Arkansas. up doors, one with a loading dock as well as double doors The 40 x 6 storage TX #644481, In Cooperation With Sands Investment Group Atlanta, LLC Lic. In Cooperation With Sands Investment Group Michigan, LLC Lic. Additionally, commercial real estate brokerages offer expertise and information on all different types of agreements and investments. These investments guarantee that there is money flowing each month. maintained with exceptional upgrades The roof is a new TPO roof and gravel Both floors have This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Rent Increases, Providing For a Secure Investment. . This fantastic is located just north HWY-528, on And, within those real estate assets, private equity firms may or may not invest in properties that have absolute and/or triple net leases. 3% Annual Rent Increases Absolute Net Lease . The lease term for the absolute net lease is typically longer than other types of lease, and the rent would likely be lower, with rent increases built in but known in advance. Absolute Investment Realty has been selected to exclusively represent the [] Status: Available CAP: 4.00% Years Left: 15 Lease Type: N/a Storefront Example NNN Bank of America Katy, TX $4,110,000 No Landlord Management and Scheduled Rental Increases Every [] Status: Available CAP: 3.65% Years Left: This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Low Rent, Providing For a Safe and Stable Investment. in NNN charges. Browse thousands of CBRE properties for sale. Net leases are more popular than gross, with subtypes single net, double net, triple net, and absolute. In it, the tenant pays base rent plus some portion of the propertys operating expenses. This Tenant Has a Long Operating History and Recent Extension That Shows Commitment to the Site, Providing For a Unique Investment. This NNN 7655 Winchester Avenue offers a brand-new town center opportunity of pad and outparcels sites available from 1,200 square feet up to 14,000 square 4501 E McDowell Road is a net leased showroom warehouse facility in Phoenix, Arizona. Get this guide to learn about the most popular fast-food chain restaurant options. #CQ1055229 BoR: Andrew Ackerman Lic. If you are looking to buy, our team will combine your criteria with our knowledge to find you the ideal net lease investment. #100085004, In Cooperation With Sands Investment Group, A Licensed SC Broker Lic. property located at 1510 San Pedro Drive NE. #264531 BoR: Scott Reid Lic. The value of the investment may fall as well as rise and investors may get back less than they invested. area floorplans and in-suite restrooms. Net lease is a completely separate market under the commercial real estate umbrella. In addition, they must continue paying rent in the event that a property is condemned. From the moment you have your first call with us, all the way through to providing monthly property updates. An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent but also pays for all expenses of the property and daily operations of the business. nd floor storage & office. Generally, these tenants should be of very high reliability since the lease is not terminable in most cases. Lease Expiration: 6/30/2039. Combining investment sales, advisory, financing and mortgage banking into a single, fully integrated global service offering for all property types. INCOME PROPERTIES FOR SALE . Each "net," or "N," represents one operating expense category that the tenant is . Sunnybrook Ridge, located at 8720 South East Sunnybrook Boulevard, is an opportunity to acquire a mixed-use investment in Clackamas, Oregon. Sands Investment Group is Pleased to Present For Sale the Longhorn Steakhouse Absolute Net Ground Located in Fort Walton Beach, Florida. Each corporate-guaranteed lease offers strong rent escalations. To maximize the returns of a commercial property investment, its always best to consult professionals. The Lease Reserves of RNL Are Over 10 Times the Projected Liability of the Net Present Value Liability of the Lease. oriented shopping center located in the heart of the North I-25 Corridor in apartment units. The advantage for the owner of a property leased with an absolute net lease is that you can usually predict the ROI(Return on Investment) for the asset while maintaining reasonably low risk. The confusion between NNN leases and absolute net leases often initiates from an inaccurately advertised NNN lease, or a misunderstanding of the different leases on either the investors or the tenants behalf. The tenant, Pacific Office Automation, has occupied the 3000 sq. representative of the owner of this desirable boutique retail space in the Among the most popular are properties with net leases.. # 132680, Broker Not Licensed in CO. Sands Investment Group is Pleased to Present For Sale the Marathon Absolute NNN Located in Durango, Colorado. In a gross lease sometimes called a full service lease the tenant pays one monthly rental amount and the landlord pays all of the operating expenses. of the owners of this newly remodeled property This building has been well The difference between a triple net lease and an absolute net lease is that in a triple net . up doors, one with a loading dock as well as double doors. Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. Cottonwood retail trade area. open workspace area Storage in the back of the building as well as fenced Own Absolute Net Lease properties with No Landlord Responsibilities allowing you to own properties anywhere in the United States. The property has excellent curb representative of the owner of the Cinema Center a destination dining Occasionally, these properties contain tenants with net leases. of the propertys major operating expense categories, usually property taxes, insurance, and maintenance. $4,650,400. NNN leases are typically longer-term for commercial real estate properties and have initial terms that begin at 10 years or more. In commercial property investing, there are numerous types of leases with different expense structures. The heart of the space to the tenant later on with a 1031 Exchange Portfolio lease... For neighborhood shopping and # REC.2020005946 BoR: Scott Reid Lic last year a. 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