Travis Texas Triple Net Lease for Industrial Property

State:
Multi-State
County:
Travis
Control #:
US-01668-AZ-3
Format:
Word; 
Rich Text
Instant download

Description

This form is for the lease of a commercial building. The document also provides that this lease will in all respects be treated as a triple net lease with all costs and expenses paid for by the lessee, including, but not limited to, real and personal property taxes; fire, casualty, theft, and liability insurance; trash removal; water, gas, electricity and other utilities; repairs and maintenance and all improvements.
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  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property
  • Preview Triple Net Lease for Industrial Property

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FAQ

Meaning of $/SF Year in the Commercial Rental Industry In the commercial leasing industry, $/SF/year or $/SF/yr means the rent per square foot per year. Why is this important? This is because most commercial rental rates are usually quoted in dollars per square foot on an annual basis.

Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.

Example of Calculating Monthly Rent in a NNN Lease Let's say an office building has a quoted rate of $30 NNN. This means that the rent is $30 per square foot per year PLUS the NNN. The estimated operating expenses (aka NNN) are $10 per square foot per year. The total yearly rent you would pay equals $40 sf per year.

Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.

In general, cap rates tend to vary based on location (and can range anywhere from 4% to 7%, though most tend to be somewhere between 4.8% and 5.25%), according to a few different variables including: Geographical Location.

Calculating NNN Leases Dividing the yearly base amount by 12 months will give you $5,000 as the monthly base amount. As for the NNN or other expenses, the landlord advertised $5. You multiply $5 with the square footage (2,000 sq. ft.) to get an annual fee of $10,000.

What Is a Good Cap Rate for Multifamily Investments? Multifamily properties have one of the lowest average cap rates of any property asset type due to its lower risk. Overall, a good cap rate for multifamily investments is around 4% 10%.

Drawbacks to a Triple Net Lease There is an inherent danger in using a triple net lease with regards to the unknown. Unexpected and substantial damage to the property could significantly increase your monthly maintenance and repair costs.

NNN Cap Rate You will see all NNN properties for sale advertised with the cap rate, or capitalization rate, usually between 5.50% and 7.00%. This number is the level of equity return on your investment for a single year. A higher cap rate, which would indicate slightly more risk, typically provides a better ROI.

NNN Properties in California are an excellent investment option. They offer greater cash flow, appreciation potential, and diversification. If you're looking for a safe investment that will pay off over time then it's definitely worth considering NNN properties in California!

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Travis Texas Triple Net Lease for Industrial Property