Description

Our October 21st episode features Armond Aivazyan, Senior Associate at Marcus & Millichap, discussing the basics of a perfect net lease deal. Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Armond to discuss the fundamentals of single, double, and triple net lease deals and what trends are happening in the market. Some key takeaways include: Studying companies and their financial track records serves as a great informational resource for keeping tabs on the pulse of net leases deals in commercial real estate. Single, double, and triple net leases vary in how much responsibility for building maintenance, taxes, and so on is shared between the landlord and the tenant. In some instances, double net leases can have higher cap rates than triple net leases. This is due to landlords taking on extra responsibility to be compensated for their additional involvement. Conversely, most newer buildings end up being triple net leases because tenants are less worried about being responsible for repairs. No two net leases are the same: it's crucial to have an attorney with you reading the language of a lease to catch any potential pitfalls. Like this? Hop over to our blog to check out the latest CRE hot tips and insights: https://www.crexi.com/insights