Long-term triple-net leases with built-in rental growth: The triple-net lease portfolio has a weighted average lease term of 15 years and includes annual inflation-based rent escalation.
Triple-net lease with annual rent escalation and a 15-year weighted average term
Properties with triple-net leases can be quite attractive to real estate investors, but they aren't as straightforward as they might seem.
Triple-net leases are used for a variety of properties, such as office, industrial and retail.
CPA(R):16 - Global expects to purchase properties under long-term,
triple-net leases, which can offer tenants control of the properties lasting up to 40 years including renewal options.
These
triple-net leases have a blended initial cash yield of 9.
The properties were sold subject to long-term, triple-net leases with Kmart Corporation.
A triple-net lease allows the tenant/user long-term operating control of the property as well as the responsibility for payment of taxes, capital improvements, maintenance and repairs.
Fitch's `BBB-` senior unsecured rating continues to reflect positively on NNN's well diversified asset base (375 properties in 40 states), moderate tenant concentration with the five largest representing 31% of base rents, a history of stable investment performance under long-term
triple-net leases, and a manageable use of debt leverage at 44% of undepreciated book capital as of Nov.
According to Edward Clark, President of Golden Corral Realty Corporation, the shareholders voted to approve the acquisiton of 15 fast-food restaurant properties subject to
triple-net leases in return for shares of Golden Corral Realty Corporation common stock valued at $10 per share.
Fitch's `BBB' senior unsecured rating continues to reflect positively on CNL's well diversified asset base (pro forma 381 properties in 40 states), moderate tenant concentration with the five largest representing 31% of base rents (pro forma), history of stable investment performance under long-term
triple-net leases, and manageable use of debt leverage at 46% of undepreciated book capital as of March 31, 2001.
Correctional Properties Trust is dedicated to ownership of correctional facilities under long-term,
triple-net leases without occupancy risk or development risk.
