Occupier & Investment Sales
Page Content Summary
- STNL or Triple Net Lease (NNN)
- Value Add
- Turnkey
- Off-Market
- Auction
STNL or Triple Net Lease (NNN)
trip-uhl ~ net~ lees
Definition:
- Single Tenant Net Lease (STNL) properties are stand-alone A credit tenants that have a long-term leases in place. Examples are QSR quick serve restaurants.
- Triple Net Lease (NNN) is a lease where the tenant (lessee) pays all the property expenses. This includes building /property insurance, property maintenance and real estate taxes. The tenant (lessee) also pays the rent and utilities. Whereas a standard commercial lease the responsibility of payment is on the landlord.
Our approach:
- We strategically evaluate your real estate investment goals, then use our expertise to recommend the best type of asset purchase to add to your portfolio.
Value Add
val-yoo ~ ad
Definition:
- Value-Add is an investment strategy of buying property that is not in perfect shape. Then improving them to increase their value.
Our approach:
- Our experience in Value-Add is extensive. If it’s right for you, we can assist you with our vast network to get those improvements rolling.
Important for you:
- Value-Add is not for everyone. Evaluating your cashflow, goals and ability is important. The upside to Value-Add can significantly increase property sale value and rents.
Turnkey
turn ~ kee
Definition:
- A Turnkey-Lease is designed for the ease of the tenant. The landlord would be responsible for all improvement costs agreed upon, leaving the tenant to deal with fewer responsibilities and expenses. Items like furniture and accessories would be the responsibility of the tenant.
Our approach:
- Though our evaluation and needs analysis with you, we can assess if a Turn-Key lease is right for you.
Important for you:
- Pros of a Turn-Key Lease are more time and personnel resources freed up. Construction costs and project management are on the shoulders of the landlord.
- Cons of a Turn-Key Lease are the higher rental rates.
- Turnkey-Lease vs. T.I. Tenant Improvement Allowance. These are not synonymous. T.I. Tenant Improvement Allowance is an agreed upon amount that the landlord will contribute towards the improvements and customizations. Usually, the amount goes up the longer the lease term is. If the costs go above the agreed amount, the overage is on the tenant.
Off-Market
awf ~ mahr-kit
Definition:
- Off-Market real estate refers to property sales that are not being marketed by a broker.
Our approach:
- We always have our ear to the ground… We have great relationships and become informed of properties where the owner/landlord is looking to sell but doesn’t want the property listed. This could mean a great deal for you.
Important for you:
- If you encounter the opportunity to buy an Off-Market property, we can still assist you. With lower fees, we can guide the process and lend our expertise. There is a lot of legwork to ensure a property sale is fully vested and lined up for a smooth outcome.
Auction
awk-shuhn
About:
- There are several reasons a property ends up in auction. As the current interest current situation rates could put property owners in default, auctions may see a big increase.
Our approach:
- If you are looking for an auction deal, we can help with our due diligence and professional resources.
Important for you:
- Auctions come with a high upside, but have major risks that could upend your “sweet deal”.