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NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida. [1]
It owns 15,450 different store spaces in the United States and Europe, renting this square footage to more than 1,500 tenants including Dollar General, FedEx, Walmart, and Home Depot. As of the ...
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. [4] Its first acquisition was a Taco Bell restaurant in early 1970. [4]The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
LoopNet's business model involves selling memberships to its site to those that lease or sell Commercial Real Estate. Paid or Premium Membership confers additional benefits with a free model existing but only showing those listings to groups with CoStar membership. [14]
People 2 months ago House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M. The "8-Mile" actress purchased the property in 2003 from Britney ...
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
Shares of this retail giant are on sale following a deep sell-off. ... Dollar General now expects 2024 same-store sales to increase between 1% and 1.6%, compared to its previous 2% to 2.7% ...
The term "net lease" is distinguished from the term "gross lease". In a net lease, the property owner receives the rent "net" after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit.