Triple net leasing is a popular and frequently utilized term within the commercial real estate industry. It offers a more holistic contract that provides both the landlord and tenant with some unique benefits. The greatest concern is usually the additional financial expenses on the part of the tenant.
However, this lease type generally offers longer lease tenures, which provides room for increased cash flow and allows the tenant to recover and double or even triple their profit, among other benefits.
Gas station triple net leases are one of the most popular kinds of triple net lease deals, and the city of California has quite an assortment of options to choose from. As an investor interested in triple net lease gas stations, it’s important to consider hiring a professional NNN broker to help you find the best deals.
There are several gas stations for sale in California, and finding one by yourself can be easy. However, by hiring the services of a professional net lease broker, you can easily evade incurring unnecessary risks and additional long-term expenses.
This way, you can comfortably generate and maximize your new acquisition’s passive income month after month without constantly looking over your shoulder.
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What Is Triple Net Leasing?
Triple net leases are also commonly called NNN leases. They’re commercial legal contracts, in form of a lease agreement, that binds the lessee and lessor in an agreement. These kinds of agreements are most commonly incorporated for commercial real estate transactions.
Under the contract agreements, the tenant (lessee) is expected to pay the lessor a rent and a pro-rata part of the operating costs (this may include Common Area Maintenance expenses (CAM), real estate taxes, and insurance).
All NNN leases are unique for their purpose. Although they’re generally the same lease type, each one can be different in the way that it allocates responsibilities between the tenant and their landlords. For this reason, it’s important to seek expert counsel from a professional net lease broker early on.
Benefits of Investing in Triple Net Lease Gas Stations in California
It’s common knowledge that triple net property leases are one of the most demanded commercial lease types around the world. If you’re an investor interested in gas station real estate in California, and have been asking yourself, “Are there any gas station businesses for sale near me?” “Is it profitable to invest in one?” Indeed, there are. And, there are several ways you can benefit from investing in such triple net assets. Some typical advantages include:
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Greater Property Control
Control and flexibility are important things to consider if you’re looking to invest in a commercial property, and you can achieve this through a triple net lease. This way, you have more freedom to make crucial decisions on your property throughout the stipulation of your lease tenure.
For instance, say you have a problem on your newly acquired triple net lease gas station, and need immediate assistance. You don’t need to worry about calling your landlord to find out what third-party agreements they might have concerning repairs and such.
This contract offers you full control over the property. As such, you can hire whichever contractor you deem fit for the job.
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More Stable Payments
Triple net leases can span from ten years to twenty-five years and longer. With such a lengthy contract duration, you have more time to organize your rental payments, rather than having to scramble for rent finance every few months.
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You Get the Rewards Without Building from Scratch
Investing in triple net lease gas stations is considered one of the most rewarding and secure investment opportunities. They’re similar to bonds since they’re low-risk and capable of providing steady and predictable returns long-term.
As a lessee, you become recognized as part and parcel of a long-established, successful franchise (consider the likes of 7-eleven, Bank of America, etcetera.).
This way, you skip all the risks that were involved with starting the business from scratch to the success it has attained, and still get to reap the dividends of the brand’s success long-term.
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You Spend Less on Brand-thinking and Competitor-strategy
One of the hassles involved in owning or running a top dollar commercial business is the logistics and financial expenses that go into branding, in order to keep the brand relevant in the market and for the purpose of dominating competitors.
However, by investing in a triple net lease asset, you can feed off the success of the brand’s branding efforts. The greater part of that work is done by the brand itself, so you don’t need to go through the stress of thinking up new branding ideas and the strategies to implement them.
You only have to keep up with appearances to maintain uniformity, after all, the thinking and much of the technical aspects have been handled.
Benefits of Hiring a Professional Triple Net Lease Broker When Securing Triple Net Lease Assets
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In-depth Market Knowledge
Commercial triple net lease broker agencies are professionals at the job. They work directly with various property owners and clients to seal different kinds of triple net deals.
They understand the intricacies of the triple net lease market and can help you find the best properties, or help you evaluate the asset and land a good deal if you already have one in mind.
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It’s Cost-Effective
Normally, the lessor or owner of the property pays for the costs of hiring the broker, instead of the lessee.
As such, the weight of that financial burden is lifted off the shoulders of the lessee, even though the legal representative is obligated to have the lessee’s best interest at heart.
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Early Access to Commercial Listings
Say you’ve set your mind on investing in a triple net asset (for instance, a gas station) in a specific location. Your next line of action would be to look up “gas stations on sale near me” on your web browser.
Afterward, you’ll scroll through the results and then go on to further research your preferred options one after the other. By incorporating the services of a professional triple net broker agency, you can skip all of that stress completely.
Your broker can feed you with information on the latest available deals in the location of your interest as soon as they pop up. Also, they can provide you with first-hand info concerning the business and anything else you may need.
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Smarter Bids
Triple net brokers have vast experience from securing several different kinds of triple net lease deals for different clients with different needs. As such, they can help you make smarter bids on the property of your interest.
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Complete and Up-to-Date Legal Work
You don’t want to look over your shoulder several years into your contract because of some things going amiss regarding the legalities of your contract.
By hiring a professional triple net lease broker, you can rest assured of complete and up-to-date legal work. This way, you won’t run into any legal problems in the future.
Final Hints
Triple net leasing has become very popular over the past decade. One of the most demanded assets in this market are triple net lease gas stations.
However, finding, biding, and securing a profitable triple net lease deal on your own can be demanding and may take up a lot of resources including time, money, etcetera.
Notwithstanding, by incorporating the professional insight of an expert triple net lease broker, much of that burden can be alleviated.
Amongst several other added benefits, these experts can also help you make smarter bids, provide contract security, complete legal work, and more. This way, you can focus on other important things and still get the best deals. Contact Buy NNN Properties for the best triple net lease gas stations for sale and let’s work with your budget.