Dollar General is one of the most recognizable tenants in the single-tenant net lease market, so there’s a good chance you’ll encounter the name more than once during a NNN property search. Familiarity is useful, but it isn’t the same thing as underwriting, and a few specifics about how Dollar General leases are actually structured … Read more
Buying a triple net property can look straightforward. You find a property with a recognizable tenant, review the cap rate, confirm the lease term and collect rent. The reality is more complicated. A single-tenant NNN investment can tie up millions of dollars for years, and the quality of that investment depends on much more than … Read more
You found an NNN property listed at $4 million. The reported income looks solid. The tenant is a well-known brand, and the lease still has plenty of time remaining. At first glance, it seems like a strong investment. But the real question is: is it actually worth the asking price? Many investors rely on surface-level … Read more
This article is provided for educational and informational purposes only. It is not intended to constitute legal, tax, accounting, or investment advice. Every 1031 exchange involves unique financial and tax considerations. Investors should consult a qualified intermediary, CPA, tax advisor, and commercial real estate attorney before making investment decisions or completing a tax-deferred exchange. Having … Read more
A lot of first-time NNN investors quietly assume they need to live within driving distance of whatever triple net property they buy. It makes sense on the surface. If you own a rental duplex across town, you probably want to be able to swing by when something breaks. That instinct doesn’t necessarily fit triple net … Read more
Every listing broker you encounter during a triple net search is amiable, attentive, and eager to highlight why the property they’re presenting is a worthwhile investment. This is not a character defect, but rather their job. The listing broker’s income hinges on selling the property on terms acceptable to the seller, and understanding this crucial … Read more
CAM stands for common area maintenance. In general, CAM charges cover certain costs associated with operating, maintaining and repairing areas or systems that serve a commercial property. For an NNN investor, however, knowing the definition isn’t enough. The more important question is what the specific lease includes in CAM, who pays those expenses and whether … Read more
Many NNN properties don’t present the same environmental profile as fuel-related properties, but that doesn’t mean other commercial real estate is free of environmental risk. Gas stations deserve particular scrutiny because petroleum is stored and transferred through underground systems, creating risks that may not be visible during an ordinary property inspection. The risk has nothing … Read more
Most first-time NNN buyers picture the same thing when they think about triple net investing: you own the building, you own the land under it, and the tenant pays you rent to occupy both. That’s true for a lot of net lease inventory, but not all of it. Some NNN opportunities, including ground leases involving … Read more
7-Eleven appears on almost every serious NNN buyer’s shortlist at some point, and for good reason. 7-Eleven is a recognizable brand with many locations occupying highly visible retail sites. But the brand name alone doesn’t tell you whether a particular property is a good investment. The lease, guarantor, remaining term, landlord obligations, price, and underlying … Read more
