Property owners have much to think about when it comes to a
NNN lease offer. There’s tons of stuff really. Fishing, travel, taking classes, or learning to surf are all great starts. Why is this? Because an investment of this nature frees up a great deal of time that would be spent dealing with day to day details and wishing for a personal assistant as a more traditional style of property owner.
While you’re counting the ways that a triple net lease property can change your life keep these following facts in mind.
Stability
NNN lease properties generally offer long-term lease agreements and many of them are with companies that are widely established and very well known. Stability works in your favor when the company is offering a brand you know and trust as well. You’ll be surprised at some of the big names, which find triple net leases to be an attractive arrangement.
Freedom
It is the lack of responsibility for the day to day operation of the property that has most property owners jumping solidly on board. You can find leases that leave all the responsibilities of property maintenance (up to and, in some cases, including paying property taxes) to the tenant.
You don’t even need to hire a property manager (unless you’re planning to do quite a few of these investment types starting out) because the tenant takes responsibility for most of the operational issues concerning the building. You can go work on that tan or finish that novel you’ve been meaning to read since high school. Let someone else sweat the details for a change.
Liquidity
This is probably one of the biggest pros in a long list for
NNN lease properties. Your investment isn’t part of a trust, or a mutual fund. You own the building. While in normal circumstances, you would want to hold on for as long as possible or only exchange it for a better investment opportunity, the truth remains that sometimes it is necessary to cash in your investment. These properties are attractive to buyers and fairly easy to sell if necessary.
