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The name "NNN" refers to the real estate term "triple net lease" under which a commercial tenant is responsible for all its operating costs. This may include property taxes, building repairs ...
The Condominiums at North Bank Park is a 267 feet (81 m) tall residential high rise at 300 W. Spring St. in the Arena District just north of downtown Columbus, Ohio.It was constructed from 2006 to 2007 and has 20 floors and is one of the tallest structures in the city
Investors can benefit from NNN lease properties in a variety of ways. In NNN leases, tenants take on the responsibility of major expenses, such as HVAC and roof repairs, keeping the operation cost lower for the landlord. Typically, NNN leases have lower rent per square foot rates which increases the tenant pool when a landlord is ready to lease ...
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida .
A "ground lease" is another variation of a net lease. Under a ground lease, the landowner leases the land to the lessee which gives the lessee the opportunity to construct a building. The lessee will then have a leasehold interest in the property. Under a ground lease the tenant will typically pay for the same items they pay for under a Triple ...
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.
At the time of the project in 1996 then City Councilman Michael B. Coleman, who was later the mayor of Columbus, said that the Ohio Penitentiary site is the “most important and potentially most valuable single site in downtown Columbus.” [7] After proposals were reviewed, the City Council approved the redevelopment proposal from Nationwide ...
The Short North is a neighborhood in Columbus, Ohio centered on the main strip of High Street immediately north of downtown and extending until just south of the Ohio State University campus area. It is an easy walk from the convention center or Nationwide Arena district to the north. The Short North is often crowded on weekends, particularly ...
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