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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 .
NNN lease investments provide similar tax advantages as tax-exempt municipal bonds without forcing the investor to settle for lower yields. [12] If investors were to purchase a bond in the secondary market and sell it for a profit years later, they would have to pay a capital gains tax on the profit regardless of whether or not the bond is ...
Craig Menear, CEO of The Home Depot, says that the purchase gives The Home Depot more opportunity to expand in the maintenance, repair, and operations sector that was previously not successful. [ 4 ] [ 29 ] In January 2016 Michael Grebe retired leaving Kenneth Sweder as the new CEO. [ 30 ]
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 ...
Dallas, the third-largest city in the U.S. state of Texas, is the site of 42 completed high-rise buildings over 350 feet (107 m), 20 of which stand taller than 492 feet (150 m). [ 1 ] [ 2 ] [ 3 ] The tallest building in the city is the Bank of America Plaza , which rises 921 feet (281 m) in Downtown Dallas and was completed in 1985.
For clarity, Dallas can be divided into several geographical areas which include macroneighborhoods, i.e., larger geographical sections of territory including many subdivisions or neighborhoods. Downtown Dallas
Dallas Union Station, officially Eddie Bernice Johnson Union Station (or simply EBJ Union Station), also known as Dallas Union Terminal, is a large intermodal railroad station in Dallas, Texas. It is the third busiest Amtrak station in Texas, behind Fort Worth Central Station and San Antonio station . [ 4 ]
By the late 1880s, East Dallas had 6,000 residents and by 1889, 90% of the homes in the city had running water. [ 3 ] In 1889, Texas state senator R.S. Kimbrough tried to get a bill run through the state legislature to remove East Dallas' charter so it could be annexed into Dallas.