Reasons to Invest in a Triple Net Lease Property in California
The term “triple net” (or “NNN”) properties in commercial real estate refer to buildings or leasing contracts in California nnn properties for sale where the tenant is responsible for paying property taxes, building insurance, and maintenance costs in addition to their monthly rent.
In a triple net lease, the tenant agrees to cover all operating costs for the building in addition to the rent and any other costs previously agreed upon. The landlord’s obligation to pay for insurance, taxes and common area maintenance (CAM) under this kind of lease is referred to as “triple net” in this context.
These types of arrangements are typically found in retail or office settings, and they can be an attractive option for investors because they offer a higher degree of predictability when it comes to expenses.
California triple net properties
There are a few things to keep in mind when searching...