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This led to the destruction of the historic Cincinnati restaurant chain after the locations were shuttered permanently due to an inability to pay the rising rent. As a result, there is a strong distaste for NNN Reit in the Cincinnati area In April 2017, Craig Macnab retired and Jay Whitehurst became CEO & President of the company. [11] [12]
NNN lease investments are essentially inflation-protected bonds guaranteed by a credit tenant, rather than a state or local municipality. The tenant makes monthly payments to the landlord, while the real estate (and often rent bumps called for in the lease) provides the investor protection against inflation.
In US parlance, a lease where all three of these expenses are paid by the tenant is known as a triple net lease, NNN Lease, or triple-N for short and sometimes written NNN. The term "net lease" is distinguished from the term "gross lease". In a net lease, the property owner receives the rent "net" after the expenses that are to be passed ...
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
In one, referred to as "stock millwork", commodity fabricators mass-produce trims and building components—with the end product being low cost, interchangeable items for commercial or home builders. In another, the product is custom produced for individuals or individual building projects—usually a costlier option [ 4 ] which is referred to ...
They also install gas lines and gas piping to a variety of appliances in homes and different types of businesses. Sign display worker. Steel fixer ("ironworker" USA, also "rodbuster" USA/Australia), a tradesperson who positions and secures reinforcing bars and mesh used to reinforce concrete on construction projects.
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