Triple Net Lease Properties for Sale

[Stevecsd]

Do you know about triple net" leases?

These are leases by big corporations, like Dollar General, Taco Bell, Title Max, Sherwin Williams, etc. How they work is that they sign long term leases with the property owner. They PAY (almost) ALL of the building maintenance expenses, taxes etc.You have a guaranteed tenant and a guaranteed cash stream.

You have a "pre-calculated" return on investment and know up front how long the lease is.

I was able to obtain a list of 100 properties like this, with 7 of them costing from $205,000 up to $625,000. If you want a pain free hands off type of investment, this is it.
There are 4 Title Max, 2 Dollar General & 1 Advance Auto in the list.

You will need about 23-25% down for the down payment, closing costs etc. You would get a long term tenant that would pay the rent every month.

I would be glad to work with anyone interested in obtaining one of these properties.

[Robertjabalos]

Triple net leased properties can be good deals but not always. Even large tenants file for bankruptcy sometimes where the leases are discharged. Remember Mays, Caldor, Bradlees, Montgomery Ward, Alexanders? It happens all the time.

The credit strength of the lessee is crucial. Big companies aren't always healthy ones.

Also, TN lessors are subject to liability and other typical landlord issues so indemnification agreements are essential when drafting them. Requiring the lessee to carry a separate liability policy to benefit the lessor makes sense. Care must also be given to drafting the rent escalator clause as a floor to provide lessor income. You can't rely alone on the TNL provisions.

TNL properties can be excellent investments but they are not risk-free.

Robert J. Abalos, Esq.
www.robertjabalos.com
www.investinginland.com

[Stevecsd]

Yes, as in any real estate investment, you need to know what you are doing and things can go wrong.

Of these properties, 6 are in Alabama & 1 is in Georgia.

The properties I will get on this regular list are all over the South.

Are you a commercial real estate attorney & if potential investors have questions could they engage your services for a reasonable fee?

[Robertjabalos]

No, I am not a lawyer licensed to practice law in Georgia or Alabama. So I could not help anyone interested in your properties, at least as you suggest.

But I'm sure anyone interested would post general questions on a website like this one. That's okay.

Robert J. Abalos, Esq.

www.robertjabalos.com
www.investinginland.com

[AIR]

holler if you find anything in PA