As the owner of property for lease or rental, there are advantages of offering a triple net lease (NNN) to prospective tenants. The actual rental dollars received from a triple net lease arrangement might be lower than the market average, but the advantages in terms of cash outlay for expenses such as taxes, utilities and maintenance can constitute great value over the long term.
So as a lessor, is a triple net lease option worth considering?
If you own older warehouse property, or are looking at a building that requires updating, here are 5 reasons to consider a triple net lease arrangement, and some important ways to make it work for you.
1. A Lower-Than-Market Lease Rate
A lease under market average might be just the ticket for a…