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In 2004, SWVP sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm Triple Net Properties for $274.5 million. [5] In December 2017, SWVP bought the Bank of America Center and two other towers in downtown Orlando, Florida from Cousins Properties for more than $200 million. [6] [7]
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 .
The Southern Real Estate and Financial Company owns commercial properties in St. Louis and St. Louis County, including a handful of office buildings; the land at Kiener Plaza, which is leased long-term to the city of St. Louis; and several shopping centers: the Market Place and Clayprice Shopping Center in Ladue and the Shops at Clarkson Corner ...
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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
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