This gives the business a chance to get settled into a community.įor investors, this type of lease gives them the chance to focus energies elsewhere and on other properties or projects they are involved with. They can establish a presence and customer base, with the knowledge that they will be in one location for many years to come. They can plan maintenance and repairs around their schedule, working with contractors to perform necessary work. This includes maintenance and repairs, insurance costs, and property taxes.įor tenants, this means they can build these costs into their business expenses. While all leases are unique to the situation of each property, many of the costs associated with NNN leases are usually passed to the tenant. NNN leases of gas stations are usually 10 to 25 years, with financial benefits for both the landlord and the tenant. The types of businesses that can often withstand economic turmoil include grocery stores, dollar stores, medical offices, gas stations and convenience stores.įurthermore, gas stations are a necessity for consumers and if they are in a good location, they are a prime candidate for a long term lease. Owners usually want to find a tenant who won’t default on a long term lease in hard economic times. It should also be in a part of town that is growing, allowing for new customers to come to the area over the length of the lease. The ideal property available for sale would be located in an area that is easily accessible with good traffic. There are a few reasons why gas stations for sale and C-stores that are available to buy, make great NNN investments which include location, type of business, and lease length. Here’s what you should know about NNN leasing as it relates to finding gas stations or convenience stores for sale. Therefore, gas stations are a smart investment opportunity to consider.Īs a new investor or someone looking to expand their portfolio, you may be asking yourself “ where can I find a gas station for sale near me?” Finding a great business investment opportunity in commercial real estate can be a challenge, especially with gas stations because there are so many options to choose from, and it’s important to know what a triple net lease is and how it effects the acquisition of gas station properties. The best types of commercial real estate leases involve relationships with businesses that are recession-proof, meaning they will always be needed regardless of the current economy. As investors look into new opportunities for triple net lease properties, one type of business that’s repeatedly mentioned is a gas station.
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