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Cohutta, Georgia
20 Yr Absolute NNN Lease; 6.5% increases every 5 yrs, Lease is guaranteed by The Pantry Inc. (NASDAQ: PTRY) Net income for the year (2008) was $31....
Price:
Bldg. Size:
Cap Rate:
Primary Type:
Sub-Type:
$720,596
2,424 SF
8.00%
Retail
Service/Gas Station
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What is a NNN Property? NNN comes from the words "Net" "Net" "Net" meaning that the tenant or lessee agrees to pay all associated real estate taxes, property insurance and maintenance costs in addition to the rent. This makes NNN, or triple net leases, very popular and desirable commercial real estate investments, particularly for part-time investors, as costs and maintenance are less. With every good thing though, there are always concessions to be aware, such as lower rents, possible tax disadvantages and other risks. There are also single Net and double Net lease agreements. At LoopNet.com, you can find a large selection of NNN lease properties.
Find Cohutta Net Leased properties at LoopNet.com. LoopNet operates the most heavily trafficked commercial real estate listing service online, with more than $480 billion of commercial real estate for sale and 6.3 billion sq. ft. of commercial real estate space for lease. LoopNet also attracts the largest community of commercial real estate professionals looking for Net Leased Properties with more than 3.5 million members comprised of brokers, corporate executives, service providers, and more than 1.7 million buyers, tenants and other principals, many of whom specialize in triple nets.
LoopNet's Cohutta commercial real estate listings include NNN properties, retail Space, office buildings, retail buildings, restaurant space, office space and much more.
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