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The acquisition of Interline Brands allows The Home Depot access to expand its business to the multi-family sector, hospitality, and industrial area. Craig Menear, CEO of The Home Depot, says that the purchase gives The Home Depot more opportunity to expand in the maintenance, repair, and operations sector that was previously not successful.
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 .
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.
In US parlance, a lease where all three of these expenses are paid by the tenant is known as a triple net lease, NNN Lease, or triple-N for short and sometimes written NNN. 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 ...
Home Depot only called out one department as having positive comps, which was plumbing. The home improvement retailer's overall sales edged up by 0.6% to $43.2 billion. Adjusted earnings per share ...
In August, the Idaho State Board of Education unanimously approved a ground lease between Home Depot and the University of Idaho to build a 138,000-square-foot store and garden center on UI land ...