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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.
A California limited liability company called "Alosta NNN" this week acquired the 5.7-acre property at 2620 N. Main St., which includes a former shopping center building being redeveloped for a ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
Consolidated Tomoka Acquires Five Triple Net Properties for $12.8 Million in Orange County, CA DAYTONA BEACH, Fla.--(BUSINESS WIRE)-- Consolidated-Tomoka Land Co. (NYSE MKT: CTO) announced today ...
NNN REIT currently owns about 3,550 properties (worth $12.9 billion) across 49 states. It leases its properties to over 375 tenants in 37 lines of trade (all retail-related) with an average ...