A net lease is a lease in which the tenant is required to pay all, or a portion of, taxes, fees, and maintenance costs of a property. You can, however, enjoy much lower rental or purchase fees on properties on net lease. NNN planning is an investment tool that provides the investor with varied opportunities to succeed in an ever-changing market. Net Lease World offers a wide selection of Walgreens NNN properties for sale.
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What Is a Triple N or NNN Property?
The landlord is responsible for settling real estate taxes, insurance, and maintenance in U.S. commercial real estate. However, in a net lease arrangement, the lessee or the tenant shoulders such expenses. Hence, the base rate for net-leased properties is significantly lower than the rent charged under a gross lease. Browse through Walgreens NNN properties for sale for good investment options that yield excellent profits.
Single, Double, and Triple N Leases
There are different types of leases on commercial properties. Properties are referred to as single, double, or triple net lease depending on the number of factors the tenant has to shoulder. These expenses usually charged back include property taxes, insurance, and maintenance, often called the three nets. A net lease that includes all three is often called a triple net or NNN lease.
How Does an NNN Lease Work?
For both the tenant and the landlord, NNN offers many benefits. The tenant has more freedom and flexibility to customize their space without the heavy capital investment of a purchase. The landlord, on the other hand, enjoys a reliable source of income with very little overhead costs. The landlord is also disengaged and has little need to play a role in the management of the property.
Advantages of Investing in Walgreens NNN For Sale
Taking a look at a Walgreens NNN property for sale is one of the smartest investments you can make. Most free-standing establishments like pharmacies, banks, and cafes are likely under a triple N lease agreement. It is relatively straightforward to own and operate. They can generate a long-term and consistent income stream for you.
This form of investment does not require too much from the investor as the tenant manages the property and pays for all taxes, insurance, and maintenance costs.
Predictable Revenue Stream
A net lease is agreed upon, and there are no changes on this revenue stream since all costs are carried by the tenant. Month in, month out, regardless of circumstance, a predictable amount will flow into your bank account.
Walgreens NNN for sale properties provides similar benefits as investing in other forms of real estate. If you add a Walgreens NNN property along with your other properties, whether commercial or residential, you’ll have a more diverse portfolio than before.
Reduced Need for Maintenance
With this arrangement, landlords do not need to worry about maintenance efforts. This is particularly beneficial if the landlord has other properties to mind.
Most Walgreens NNN properties will come with a tenant already in place. A long-term lease ranging from 10 to 25 years is usually signed already for such places.
Higher Liquidity Rate
Because of all the advantages of investing in Walgreens NNN for sale, there is an attractive appeal to commercial investors. This means it will be easier for you to liquidate the property if the need arises. There will be ample buyers in the market ready to make an offer.
More Stable Payments
Leases that are expected to be renewed every so often require the perpetual cycle of searching for qualified tenants. Walgreens NNN for sale properties has longer lease periods of at least 10 years which gives the property owner a steady income within that time.
Low Turnover Rate of Tenants
With the longer lease period also comes a lower turnover rate of tenants. This lowers leasing and marketing expenses significantly. It also avoids having vacancy periods that incur profit opportunity losses.
Since NNN properties are a largely passive investment, you don’t need to be nearby to manage them.
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How to Invest in Walgreens NNN for Sale and What to Look For
Like with any real estate investment, location is the primary component that will determine the success of the investment. Consider the viability of the property while checking for good foot traffic and accessibility.
Particularly for commercial real estate, though, it’s important to choose properties from companies that are reliable and show resiliance through financial hardship. Each store also faces its own conditions, which depend on the previously mentioned factors such as foot traffic and accessibility, as well as good management and so on.
Why Walgreens Properties?
Walgreens has been around for decades now, specifically since 1901. It is a reliable company that has stood strong and earned steady profits despite the economic hardship other companies have faced. For these reasons and more, it is recommended to get a Walgreens property as part of your portfolio, as it is an investment that will last you for many years to come.
Work With a Net Lease Advisor
Triple net leases can greatly benefit your financial situation, all without the headache of dealing with other forms of property ownership. Deal with a triple net lease advisor that has extensive connections and experience in the industry. Connect with Net Lease World for Walgreens NNN properties for sale now.
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