WHAT ARE TRIPLE NET NNN LEASED PROPERTIES??
In a triple-net lease (NNN), the tenant pays all the operating expenses, property taxes, utilities, insurance premiums, maintenance and repairs. The landlord gets to collect monthly net rental income just as he or she would with a traditional real estate investment. Such a lease usually extends over the long term, with a financially strong corporate entity guaranteeing a lease anywhere from 10-25 years. NNN leased property can be an excellent replacement property in completing a 1031 real estate exchange transaction.
