Triple Net Leases or NNN are seen as one significant commercial real estate lease type. They’re often single-tenant retail properties, with the tenant being responsible for all maintenance costs, insurance, and expenses.
As an investor, an NNN lease is perfect for you due to many reasons. Besides the fact that these properties come without management liabilities and provide stable cash-flow, it also offers appealing tax and financing options.
Most importantly, a good NNN lease single-tenant property comes with an active, long-term lease by a reliable, proven tenant.
Regardless of these benefits mentioned, the problem lies in locating the best triple net investments. Thus, you’ll need a deal finder website.
An NNN deal finder website helps you quickly locate the best available triple net lease properties if you desire to invest in this type of commercial real estate. On the NNN deal finder website, you simply search according to your preferred location and see available properties for sale.
Thus, it eliminates the need to go through the traditional route of asking your real estate agent to help you scout for NNN leases for sale.
The following are some benefits of using an NNN deal finder website when looking for NNN lease properties for sale. However, before we delve into these benefits, let’s understand the meaning of triple net or NNN lease.
Triple Net Lease
Tenants and landlords often negotiate several lease types on commercial properties. However, the three popular ones include triple net leases, gross, and percentage. Triple net leases are the opposite of gross leases.
Under a triple net lease, the tenant is responsible for three additional payments besides the rent. These payments include property taxes, insurance, and building maintenance.
NNN leases have many advantages for both parties, seeing as the rent is relatively lower than with percentage or gross leases. Thus, the landlord can easily find tenants and not have to deal with a vacant building. Hence, a triple net lease is a win-win for both parties involved.
Why an NNN Deal Finder Website is Best for You
The following are the benefits of buying a CVS NNN for sale through a deal finders website.
- Convenience
A NNN deal finder website is the fastest means to break into triple net lease investing. Through a deal finders website, you can easily find the best NNN properties, such as Walgreens, CVS, O’Reilly Auto Parts, and even MacDonalds. You can own these properties from the comfort of your home.
And the best part is, you don’t have to stress yourself visiting this location; you can conclude the investment on these websites.
- Filter Search
Suppose you wish to buy an NNN property in a specific location, you can filter your search on the NNN deal finders website based on that particular location to discover its proximity to the area’s social and physical infrastructures, such as cinema halls, metro station, highway, parks, hospitals, bus stop, etcetera.
That way, you can quickly discover the available amenities without any need to visit the location.
- Verified Properties
Key players in the commercial real estate investments sector, such as Buy NNN Properties, have agents that verify any listed triple net lease property on their website. Hence, any property listed there and any information available on their website is verified and authentic.
- Virtual Tour
Most deal finder websites have begun to offer virtual tours besides sample pictures. By incorporating the latest visualization software, these websites can help potential buyers see the property from different angles.
Some websites also use camera-fitted drones to capture the property and the neighborhood’s aerial view. That way, you can easily see what you intend to buy without the need to visit the location.
Pros of NNN Lease
There are many benefits you’ll enjoy as a triple net lease investor. Some of them include:
- Predictable Income
Seeing as the tenant is responsible for all property expenses, your cash flow won’t be affected by expense fluctuations.
Simply put, regardless of the expenses your property incurs, while you still have a tenant, your rental income won’t be affected.
- No Expenses
The tenant handles all operating expenses, insurance, and property taxes under the NNN lease. Thus, you’re exempted from running any costs in the building as a landlord. That’s the unique thing about investing in NNN.
- Stability
Triple net properties are very stable assets due to their long-term lease agreements. Seeing as most NNN properties are located close to large companies and in areas with enough traffic and most times close to large companies, most triple net leases are often signed by national or regional tenants.
Under a triple net lease, you don’t have to worry about your tenants owing rent because you’ll only accept high tenant quality.
- Financing
NNN properties easily receive financing from major lenders. Financial institutions love these asset’s stability and quickly provide funding for them. Banks determine the investors that can access their loan by analyzing their future cash flows.
NNN provides predictable and steady income with reliable tenants. Thus, financial institutions consider triple net properties trustworthy borrowers.
- Indirect Investment Diversification
Triple net properties such as CVS NNN real estate investments offer various benefits more than other investment types. A triple net property helps diversify your investment portfolio. For instance, if a company you lease your property to experience predictable growth rate, you indirectly profit from their growth.
- Tenants Keep Costs Down
Under a triple net lease, tenants pay the lower rates and agree to handle repair and maintenance. Thus, you won’t be saddled with the burden of running routine maintenance on the property.
More so, you’ve got a control mechanism to ensure tenants handle your property with care. Additionally, the daily management of the property rests on the shoulder of the tenant. So you can spend your time on other valuable ventures.
Last Thoughts
Many investors see triple net properties as an outstanding investment opportunity due to the numerous benefits of the investment. NNN lease properties are long-term leases and provide stable cash flow and minimal maintenance and management responsibilities for you as the investor.
So, if you seek to invest in triple net lease properties, consider using an NNN deal finders website. That way, you can easily find properties that match your preference at affordable prices.
Buy NNN Properties is a buyer’s broker for triple net commercial properties. We specialize in 1031 exchange NNN retail properties. As a buyer’s broker, we represent your interest first, so visit our website today to find the best investments for less.