Nassau New York Triple Net Lease for Sale

Name: Nassau New York Triple Net Lease for Sale
Brand: US Legal Forms
Rating: 4.72 (309 reviews)

Category:

Landlord Tenant - Commercial Leases - Triple Net

State:

Multi-State

County:

Nassau

Control #:

US-01668-AZ-1

Format:

Instant download

Description

This form is for the lease of a commercial building. The document also provides that this lease will in all respects be treated as a triple net lease with all costs and expenses paid for by the lessee, including, but not limited to, real and personal property taxes; fire, casualty, theft, and liability insurance; trash removal; water, gas, electricity and other utilities; repairs and maintenance and all improvements.

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FAQ

Another advantage is that these leases tend to be quite flexible: caps to tax increases, insurance increases, etc. For the landlord, triple net leases can be a reliable source of income and have very few overhead costs. The landlord also does not have to play an active role in the management of the property.

A cap rate is simply a formula. It's the ratio of a rental property's net operating income to its purchase price (including any upfront repairs): Cap Rate = Net Operating Income (NOI) ÷ Purchase Price.

Investing in triple net leases is profitable because the property owner (that is, the landlord) is relieved of responsibilities that cost more money. While this type of net lease is a good bargain, it also involves risks like every other investment.

A 7.5 cap rate means that you can expect a 7.5% annual gross income on the value of your property or investment. If your property's value is $150,000, a 7.5 cap rate will mean a yearly return of $11,250.

Cons of a Triple Net Lease-Tenants Tax Liabilities: Because the tenant is responsible for annual property taxes in a triple net lease, this also means that they will be prone to all the liabilities of taxes as well, including fines and penalties for late or incorrect tax remittance.

To calculate cap rate, divide the net operating income (which from absolute NNN lease properties is rent received) by the purchase price or current market value of the property.

In general, cap rates tend to vary based on location (and can range anywhere from 4% to 7%, though most tend to be somewhere between 4.8% and 5.25%), according to a few different variables including: Geographical Location.

Real estate subject to a triple net lease is sold on a cap rate based on the creditworthiness of the tenant. The cap rate is the capitalized annual rate of return that the marketplace requires for there to be a purchase of the property.

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In a Triple-net Lease, the tenant pays to the landlord the rent and a pro-rata share of the real property tax, property insurance and CAM. Real estate taxes and escalations, utilities and other lease costs.This portfolio of properties is included in the sale homes 2 Block to Ocean. 3. About this publication. Triple net leases typically attract a wider spectrum of buyers. Looking to buy or sell a home? We've got you covered! To learn more about our homes, please fill out the form below. An existing building between approximately 2,500 SF to 3,000 SF for sale or lease . 4.

Nassau New York Triple Net Lease for Sale

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Are triple net leases worth it?

What is a cap rate in a lease?

Is triple net a good investment?

What does 7.5% cap rate mean?

What are the disadvantages of triple net lease?

How is NNN cap rate calculated?

What is a good cap rate for a triple net lease?

What is a cap rate on a triple net lease?

What is the downside of a triple net lease?

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What is a Nassau triple net lease?

Why is it called a triple net lease?

What are the advantages of a Nassau triple net lease for a property owner?

What are the advantages of a Nassau triple net lease for a tenant?

Does a Nassau triple net lease have any financial risks?

What happens if the tenant fails to pay property taxes, insurance, or maintenance costs?

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