Queens New York Triple Net Lease for Industrial Property

Name: Queens New York Triple Net Lease for Industrial Property
Brand: US Legal Forms
Rating: 4.55 (375 reviews)

Category:

Landlord Tenant - Commercial Leases - Triple Net

State:

Multi-State

County:

Queens

Control #:

US-01668-AZ-3

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

Benefits of a Triple Net Lease The most obvious benefit of using a triple net lease for a tenant is a lower price point for the base lease. Since the tenant is absorbing at least some of the taxes, insurance, and maintenance expenses, a triple net lease features a lower monthly rent than a gross lease agreement.

The triple net lease absolves the landlord of the most risk of any net lease. This means even the costs of structural maintenance and repairs must be paid by the tenantin addition to rent, property taxes, and insurance premiums.

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.

What Is a Good Cap Rate for Multifamily Investments? Multifamily properties have one of the lowest average cap rates of any property asset type due to its lower risk. Overall, a good cap rate for multifamily investments is around 4% 10%.

From an investor standpoint, NNN Leases/Triple Net Leases offer a stable long-term real estate investment where the owner/investor has very little to do with the active management of the property. Normally, these leases are with credit worthy tenants with corporate guarantees.

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.

NNN Cap Rate You will see all NNN properties for sale advertised with the cap rate, or capitalization rate, usually between 5.50% and 7.00%. This number is the level of equity return on your investment for a single year. A higher cap rate, which would indicate slightly more risk, typically provides a better ROI.

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.

A triple net lease, also known as an NNN Lease, is a lease in which the tenant agrees to pay their pro-rata share of all expenses associated with property maintenance, taxes, and insurance, in addition to a predetermined base rental rate. These expenses are commonly referred to as operating expenses.

In general, a property with an 8% to 12% cap rate is considered a good cap rate. Like other rental property ROI calculations including cash flow and cash on cash return, what's considered "good" depends on a variety of factors.

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Learn more about ending a retail or commercial lease in Queensland. Find New York brokers specializing in NNN Properties.U.S. commercial real estate investment volume increased 55. Discover 97 commercial properties for lease in Queens Park, WA 6107. With over 30 years' experience in property investment and funds management, across office, industrial, retail and social infrastructure. Terreno Realty Corp. A solitary bid from Bellarine Peninsula buyers was presented before the property was passed in, Mr Turner said. An NNN lease is the most common type of commercial lease and is commonly called a triple net lease. Overall industrial space availability remained constant quarteroverquarter at 8. Items 9 - 15 — Welcome to the Official Website of the City of Phoenix, Arizona, where you can find information for residents, visitors and businesses.

Queens New York Triple Net Lease for Industrial Property

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What is a triple net lease?

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