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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 leases are more valuable than NN leases because the landlord is responsible for some of the expenses in a double net lease. The length of the lease is also a determinant of value (e.g., 20 years of guaranteed income will be worth more 10 or 15 year terms).
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 ...
Area codes 518 and 838 are telephone area codes in the North American Numbering Plan for eastern Upstate New York in the United States. 518 is one of the 86 original North American area codes created in 1947. Area code 838 was added to the 518 numbering plan area in 2017. The two area codes serve 24 counties and 1,200 ZIP Code areas in a ...
There are three types of incorporated municipalities in the Capital District of the U.S. state of New York: Cities, towns, and villages. In the State of New York, all the land located in a county is either in a city, in a town, or in an Indian Reservation. [1] New York villages are located within one or more towns and may cross town or county ...
North Albany is the site of the largest industrial area in the city of Albany, and is the most concentrated area of industry as well. Approximately 75 industrial businesses are located in the historic heart of North Albany, an area of approximately 1 square mile (2.6 km 2). Though most of those businesses tend to be small, they account for ...
The Capital District, also known as the Capital Region, is the metropolitan area surrounding Albany, the capital of the U.S. state of New York.The Capital District was first settled by the Dutch in the early 17th century and came under English control in 1664.
Arbor Hill is a neighborhood in Albany, New York, generally defined as the area from Clinton Avenue north to Tivoli Hollow and the Livingston Avenue Railroad Bridge and from Broadway west to Henry Johnson Boulevard. [1] Both Clinton Avenue and Henry Johnson Boulevard are signed as U.S. Route 9.
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