with annual rent escalation and a 15-year weighted average term
Under a triple-net lease
, the tenant assumes responsibility of the property's ongoing operating costs (taxes, insurance, maintenance) in exchange for a long-term lease.
Best Buy has a long-term triple-net lease
on the approximately 45,231-square-foot building, which is located on a 4.
Inland Real Estate Acquisitions has negotiated the closing of two SunTrust portfolios that total 433 triple-net lease
properties with over 2.
The tenant, International Students Residence, has a 10-year triple-net lease
The theater opened on November 22, 2006 and is leased under a long-term triple-net lease
Harris specializes in financing commercial assets with a focus on triple-net lease
and sale-leaseback transactions and will be responsible for overseeing Meridian's recently formed Arizona office.
The agreement preserves the bank's control over the facilities that are sold and leased back and is based on industry standard rent terms, triple-net lease
provisions and customized negotiations.
Realty Income will acquire the Buffets/Ryan's restaurant properties subject to 20-year, triple-net lease
Alam said that although the asking rent was $31 s/f, because it is a triple-net lease
, requiring the lessee to meet all costs for maintaining the 4-story elevator building on the corner of Walker and Broadway, the true cost will be closer to $45 s/f.
Following the sale, the seller will enter into a 20-year triple-net lease
with the buyer.
The Company will acquire 89 existing stores subject to long-term, triple-net lease