What is a NNN lease, anyway?

Triple net leases or NNN leases, as they are often called, are a type of lease that gets the owner out from under many overhead expenses. In an NNN lease, the user of the property, in addition to paying rent, covers property taxes, insurance, and any other expense that is crucial to the maintenance of the property.

Who would want triple net lease?

First of all, most investing commercial property owners would. It is a good investment because the tenant takes on most of the overhead. So, then, what tenant would want such a lease? The answer is that many who want a property over long term would. Restaurants and retail stores often work under NNN leases so that they have complete control of their property, but do not have the liability of ownership.

How do you get triple net leases?

Since NNN leases sound like such good investments, you may be wondering how to get one. It is difficult to get one simply signed for your property, but what is more likely is that you can purchase a property and take over the NNN lease that is already in effect for the current tenant. If that is the route you choose to go, expect to spend some money, but you can also expect a fairly sound investment. So, then, the question is begged: where do you look for a NNN lease property?

Where to find a NNN lease

If you are looking to buy out or take over a NNN lease, you have to find a database where such available properties can be found. Commercial Dex is one such place you can look. A website that is touted as America’s top online commercial real estate database will allow you to see what is available in the way of NNN leases you can buy.

Find NNN Lease Properties

Overall, it is obvious that an NNN lease can be a good investment for your commercial real estate. Once you understand what a NNN lease is, you can begin your search by finding a good commercial real estate database like Commercial Dex to help you get the property you want.