The property is occupied under a triple-net lease
with approximately eight years of term remaining.
Also, concurrent with the closing of the purchase, IIP further signed into a long-term, triple-net lease
agreement with a subsidiary of Ascend Wellness Holdings LLC (AWH), which will operate the property as a licensed medical-use cannabis cultivation and processing facility, post redevelopment.
The company said it had signed a purchase contract to buy a 27,280 sq ft cardiac clinic on 5 June 2017 and that it was going to sign a new, 12-year, triple-net lease
with the Lubbock Heart Hospital.
The company said it plans to produce increasing, reliable rental revenue by expanding its portfolio, and leasing each of its healthcare facilities to a single market-leading operator under a long-term triple-net lease
Owners of low-cost properties can make a nearly 10 percent annual return for their money if they buy a property under a triple-net lease
scenario, said Marilyn Kane, managing director at Sperry Van Ness/Butler Kane, one of six speakers on a panel organized by the real estate-focused NYC Network Group.
Toll Brothers has leased the property through October 2019 on a triple-net lease
Appeals classifies FLPs holding assets such as cash, marketable securities, closely held stock and real estate (triple-net lease
) as passive-asset FLPs.
Hamburger Partners (operator of 312 Wendy's locations) under a triple-net lease
with about seven years of term remaining.
The revenue decrease was primarily attributable to one operator/tenant transitioning from RIDEA to a triple-net lease
The portfolio is comprised of Class A properties with 99% occupancy levels, where the totality of the lease contracts are US dollar-denominated and under a triple-net lease