Carey has entered into a new triple net lease
agreement with the Astellas Institute for Regenerative Medicine for W.
Closing is expected in 1Q17, at which time the current tenant, Great Bend Regional Hospital, LLC, is expected to enter into a 15-year triple net lease
with GGMR expects to fund this acquisition using borrowings from the company's credit facility or other available cash.
The property is 100% occupied by Walgreens under a long term triple net lease
with approximately 23 years of term remaining on the lease.
At the other extreme is the triple net lease
in which the tenant is responsible for all costs including building upkeep.
As interest rates rise, the value of your triple net lease
property may decline, this is especially important when using a triple net lease
property in a 1031 exchange, while looking for another property to exchange into.
Thus, a triple net lease
of property under which the lessee is responsible for all costs of operation would not be net earnings from self-employment.
on a 20-year triple net lease
, with seven five-year renewal options.
The site is available for triple net lease
at $575,000 per year.
The single tenant, Bank of America, has a 20-year triple net lease
on the property with additional option periods for extension.