Although many retail leases in Manhattan are structured as triple net leases
, they are generally only part of an overall, mixed-use building, said Kunofsky.
The others, both new buildings in their fill-up phases, were structured as triple net leases
with an option to buy.
Triple net leases
obligate the tenant to pay for all operating expenses, such as taxes, insurance, utilities and maintenance.
Net Lease Acquisition Group Vice Presidents Patrick Pearson and Gregg Fields structured 20-year, triple net leases
for each of the stores.
The borrower had a long term hold strategy and wanted to obtain a low fixed rate, long-term, non-recourse loan as supported by the two long-term, triple net leases
at the property.
Lease terms provide for triple net leases
by a single master tenant, with a minimum lease term of 10 years plus extension options.
Citizens and Charter One will continue to operate in the acquired properties under triple net leases
with initial terms of five or fifteen years.
CNL's objective is to be a one-stop-shop for real estate needs, including long-term triple net leases
, mortgages, and merger and acquisition advice.
The existing triple net leases
and the location of the Damon Estate lands represent a rare opportunity to acquire properties which combine very little downside risk and considerable upside potential.
The facilities are leased under 15-year triple net leases
to an experienced operator of retirement housing.
The source of the tax increment revenues for the series A and C bonds are the triple net leases
signed by the `in-line' mall tenants.
The county's obligation is governed by an operating and modified gross lease, in contrast to capital and triple net leases
used most often.