Who buys NNN properties?
You can buy NNN properties as an investor or through a 1031 exchange. Most triple net properties are owned by individuals. However, real estate investment trusts (REIT), pension funds and other institutions also buy NNN properties. Most NNN income properties for sale are priced between $1,000,000 and $30,000,000. Please note 1031 exchange would only apply if you are using proceeds from a sale to acquire property.
What is a NNN property
1031 NNN triple net property is a type of income property where the tenant maintains 100% of everything. Everything includes the roof, structure, plumbing, paint, parking lot, HVAC, etc. In addition, the tenant pays for all property taxes, insurance and common area maintenance (CAM).
Where are most NNN properties located?
Triple net properties are located on the corner of “main and main” and on heavily traveled thoroughfares in almost every city throughout the United States. Examples of triple net income properties for sale include pharmacies (Walgreens and CVS), banks (Chase Bank and Wells Fargo), restaurants (McDonald’s and Panera), auto parts (AutoZone and O’Reilly), dollar stores (Dollar General and Dollar Tree), big box (Wal-Mart and Target) and many others.
Why buy NNN properties?
Passive income, preservation of equity and appreciation of value are the primary reasons why investors and 1031 exchange buyers purchase NNN property. Security is achieved when your tenant has strong credit and a great location. Passive income is achieved when your tenant has a long-term lease (10-25 years) and maintains 100% of everything.
When should you review NNN properties?
Now is the time to learn more about NNN triple net properties if security and passive income are your investment property goals. Click Here to receive a list of available NNN triple net properties.