Walgreens NNN Deal Round Up

Here is this week's round up of Walgreens NNN properties for sale across the the US. These Walgreens properties caught my eye as part of research for  Walgreens buyers I am working with.  Contact TMO for for details of these net leased Walgreens via email or 1-866-539-1777

Walgreens NNN in CA Price: $7,250,000 Cap Rate: 5.77% 60-Year Double Net Lease, -Rare Infill Location, -Over 650K Residents in a 5-Mile Radius, Hard Corner, Signalized Intersection, Strong Store Sales, Highly Visible Location. Learn more...

Walgreens NNN in CA Price: $11,060,000 Cap Rate:  5.75% Learn more...

Walgreens NNN in OK Price: $5,650,000 Cap Rate: 6.15% Ten (10), Five (5) year renewal options, Twenty-Five (25) year lease term with Seventeen (17) years remaining, 100% leased and guaranteed by Walgreen Co. (S&P: A) Learn more...

Walgreens NNN in TX Price: $7,285,000 Cap Rate: 6% Strong National Credit, Brand new 25 year absolute NNN lease, Signalized, Hard Corner Location. Learn more...

Walgreens NNN in KY Price: $4,179,000 Cap Rate: 6.75% Strong corporate Guarantee -Walgreens co., ranked #32 fortune 500 list 2012, America’s #1 Drug store. Learn more...

More Walgreens For Sale

Contact TMO for for details of these net leased Walgreens via email or 1-866-539-1777

Deals are a sampling of available Walgreen NNN inventory from around the US and are for reference only. Subject photos may not be actual location and are representative of Walgreen locations in general.

Who is your tenant? S&P Tenant Credit Ratings

When purchasing a single tenant net leased investment, tenant quality and the financial ability of the tenant to perform is of utmost importance. In essence you are buying the income stream and the bundle of rights subject to the leasehold.  What helps you evaluate the tenant as an investment grade tenant? How do you know you will get you monthly rent check for 10, 12, 15 or 20 years?  One way is to have the "market" rate the risk for you.

Here is the  S & P breakdown of credit ratings, to help you assess your risk.  Investment grade tenants are rated BBB- or better.

Long-Term Issue Credit Ratings

from S&P Issue credit ratings are based, in varying degrees, on the following considerations:

Likelihood of payment—capacity and willingness of the obligor to meet its financial commitment on an obligation in accordance with the terms of the obligation; Nature of and provisions of the obligation; Protection afforded by, and relative position of, the obligation in the event of bankruptcy, reorganization, or other arrangement under the laws of bankruptcy and other laws affecting creditors' rights.

Issue ratings are an assessment of default risk, but may incorporate an assessment of relative seniority or ultimate recovery in the event of default. Junior obligations are typically rated lower than senior obligations, to reflect the lower priority in bankruptcy, as noted above. (Such differentiation may apply when an entity has both senior and subordinated obligations, secured and unsecured obligations, or operating company and holding company obligations.)

AAA An obligation rated 'AAA' has the highest rating assigned by Standard & Poor's. The obligor's capacity to meet its financial commitment on the obligation is extremely strong.

AA An obligation rated 'AA' differs from the highest-rated obligations only to a small degree. The obligor's capacity to meet its financial commitment on the obligation is very strong.

A An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor's capacity to meet its financial commitment on the obligation is still strong.

BBB An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.

BB, B, CCC, CC, and C Obligations rated 'BB', 'B', 'CCC', 'CC', and 'C' are regarded as having significant speculative characteristics. 'BB' indicates the least degree of speculation and 'C' the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposures to adverse conditions.

BB An obligation rated 'BB' is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation.

B An obligation rated 'B' is more vulnerable to nonpayment than obligations rated 'BB', but the obligor currently has the capacity to meet its financial commitment on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitment on the obligation.

CCC An obligation rated 'CCC' is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitment on the obligation.

CC An obligation rated 'CC' is currently highly vulnerable to nonpayment.

C A subordinated debt or preferred stock obligation rated 'C' is currently highly vulnerable to nonpayment. The 'C' rating may be used to cover a situation where a bankruptcy petition has been filed or similar action taken, but payments on this obligation are being continued. A 'C' also will be assigned to a preferred stock issue in arrears on dividends or sinking fund payments, but that is currently paying.

D An obligation rated 'D' is in payment default. The 'D' rating category is used when payments on an obligation are not made on the date due even if the applicable grace period has not expired, unless Standard & Poor's believes that such payments will be made during such grace period. The 'D' rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action if payments on an obligation are jeopardized.

Plus (+) or minus (-) The ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

NR This indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that Standard & Poor's does not rate a particular obligation as a matter of policy.

Buy an Investment Grade Tenant Property

Walgreens NNN sells for $27.8M

A Walgreens NNN in Vegas has sold for $27.8 million, or $1,736 psf, the highest price per square foot for a single-tenant leased drugstore in America. The WAG drugstore is open 24 hours with frontage on the Strip, able to take advantage of heavy foot traffic from nearly 40 million visitors to Las Vegas every year.

Similar pricing hasn't been achieved since January 2005, the height of the commercial real estate boom, when a drugstore in Miami was sold for $19.5 million. The only comparable transaction was a drugstore in Fort Myers, Fla., that sold for $1,466 psf in August, according to CoStar.

Commercial listing service LoopNet shows a stand-alone WAG for sale in New York for $11.6 million, or $1,225 a square foot, and one in Los Angeles for $14.4 million, or $1,078 psf.  TMO represents the buyer of a WAG NNN in northern CA for $879 psf.

Walgreens NNN properties provide investors long term stable cash flows.  Contact TMO at 1-866-539-1777 for Walgreens for sale or

CLICK HERE to Buy a NNN Walgreens

News via Las Vegas Business Press :: News : Las Vegas Strip drugstore fetches record sale price.

Marcus and Millichap was the broker for the above Vegas Walgreens NNN sale.

Walgreens, Walgreens, Walgreens is all I'm hearing

There is still so much demand for Walgreens net leased properties. Calls and emails galore asking for Walgreens NNN investments. REIT's, doctors, lawyers, 1031's, even school teachers you name it… the demand for NNN Walgreens is as high as 2006/2007 and cap rates  show it. Fresh out of the ground WAG properties with 24-25 years are coming to market as low as 5% with an average of 5.75% cap rate.

Older Walgreens deals with 20+ years are 6.35% to 6.8%. 10 year deals are in check with other net leased tenants at 7-8 caps.

As always, here are some Walgreens NNN deals that caught my eye in buyer searches.  For details on the properties below or to get a full list of Walgreens for sale, please email TMO or call 1-866-539-1777.

Walgreens For Sale

Triple Net Walgreens in Michigan $6,160,000 Cap Rate:6.25% Retail, Free Standing Building, Net Lease Investment

Net Leased Walgreens in Florida Price: $3,304,000 Cap Rate: 5.75% Strong Corporate Guarantee - Revenue over $63.35B in 2011, 75 year Simple Ground lease, America’s no.1 drug store.

Walgreens NNN in CA $5,536,000 Cap Rate: 6.50% Free-Standing Walgreens, A Rated Credit Tenant, Exceptional North Fresno Location, Hard Corner at Signalized Intersection and Vibrant Commercial Area Near High-End Residential

NNN Walgreens in Colorado $7,083,333 Cap Rate: 6.00% Walgreens in Colorado with Average HH Income of $169,996

More Walgreens For Sale

Why are drug dealers the best tenants?

Owning commercial investment property is a great pleasure especially when you have good solid tenants.

Marijuana pays the rent.

In Denver and California commercial retail property owners have found that "pot dispensaries" have filled vacant spaces in the down economy.

"Looking at California, the pioneer state of medical marijuana, shows how great the demand really is for medical marijuana. One study reported that Los Angeles county alone has over 800 marijuana dispensaries."

But the "high" does not last forever.

Considering pot is still illegal, it may be time to find another tenant.

What about a drug dealer that has $72 billion in revenue and a S&P rating of A?

This is not your back alley drug dealer. This drug dealer in on busiest corners. Has well lit parking lots. Incredible signage. Is open 24 hours an has 7,830 stores worldwide.

This drug dealer is Walgreens.

As a commercial property investor looking for long term passive income, you have to consider a Walgreens.  Walgreens typically signs 75 year leases.  Walgreens has the best locations. Walgreens leases are true triple net meaning the landlord has NO responsibilities. Absolutely none.  The owner sits back and deposits the monthly rent.

Triple Net Walgreens range from $4M to $12M and easily produce a 6%+ annual yield for an all cash purchase. Non-recourse financing is easy to obtain especially at 60% or less LTV at sub 5% interest rates which can increase the overall annual yield to 8% or better.

Here are some triple net Walgreens currently for sale around the US.  Contact TMO for more information on any of them or to set up a free no-obligation real estate investment consultation.

Walgreens NNN Real Estate For Sale

Walgreens NNN Real Estate

• PA
• $6,770,000
• Cap Rate: 6.50%

Absolute-Net Lease of 75 years. "A" Credit Rating by Standard and Poors.

Walgreens NNN Property

• OK
• $4,950,000
• 6.61% cap rate

Located in the Oklahoma City MSA, Investment grade tenant, Over 22 years remain on lease, Adjacent to I-40 interchange

Walgreens Triple Net Property

• FL
• $10,915,000
• Cap Rate 6%

Rare rent increase, absolute NNN lease, daily traffic count exceeds 44,500

Walgreens Triple Net Real Estate

• FL
• $3,304,000
• 5.75%

75 years simple Ground lease, irreplaceable corner location

Walgreens Net Leased Property

• IL
• $5,578,000
• 7.35%

Established Walgreens Location Operating Since 1957. 60 Years Lease - Strong Store Sales. Less than One-Mile from Advocate Trinity Hospital.

Great NNN real estate.

Contact TMO about these NNN Walgreens. Toll free 1.866.539.1777 or e-mail.

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BUYER WANT: seeking new construction Walgreens for 1031 Exchange

My client is seeking new construction Walgreens for an upcoming 1031.  Please contact TMO with deals that match the following:

• Walgreens anywhere in US
• lease commencement in trailing 12 months OR upcoming in next 6 months
• entire US
• any price range
• fee simple
• no broker daisy chains

Please email TMO, connect on twitter @andrusmorgan or call 1-866-539-1777

Is there a NNN property want we can help you with?  We help triple net investors find and buy the best NNN properties in the US.  Contact TMO today for a free no-obligation NNN investment consultation: email TMO, connect on twitter @andrusmorgan or call 1-866-539-1777

These Passive Investments Pay You to Golf

Every wish you were a golf pro or could get paid to golf? Get paid to do what you love.

At some point we all wish we could get paid to do what we love.  (see: doing what you love while getting paid) Does it matter where the money comes from?  Do you have to be Tiger Woods to get paid while you play golf?  No.  You can get paid by other sources while playing golf.

Passive investments allow you to be "passive" and collect money from the investments.  A business is active and Tiger Woods is a business.  He has to work to make money.  He has to show up.  He has to perform.  Then he collects.

Tiger does have many passive parts to his business like his endorsements which allow him to collect money while doing other things besides playing golf.  Regardless of his golf performance or his tabloid success Tiger Woods will be able to collect passive income for life just because he is Tiger Woods.

Unfortunately, you are not Tiger Woods.

However, you can still get paid to play golf.  Consider these passive real estate investments.  These triple net properties require little or no management and will pay you while you play golf, they will pay you while you travel, even pay you while you eat and sleep.  The leases are triple net so the tenant takes care of pretty much everything and you collect the rent check.... while doing what you love.

These triple net properties pay you to do what you love.

Contact TMO for more details on passive real estate investments like these triple net properties:

Lowe's Net Leased Property $6,665,000 Excellent location across from a Walmart anchored retail corridor,Average Household income of $83,141 in 5mile radius,Absolute net lease, Attractive assumable financing requiring only $1.4M.

FedEx Net Leased Property $6,000,000 Cap rate 7.23% Fifteen (15) Year Lease, FedEx Corporate Guarantee (BBB), Expandable Facility

hhgregg Net Leased Property $6,143,000 8.50 % Situated on Major Retail Corridor with Over 78,000 Vehicles Daily, Irreplaceable Retail Location with Outstanding      Residual Value, Growing, Publicly Traded Regional Retailer with 174 Store Network

Orchard Supply Hardware Net Leased Property $11,110,000 Cap Rate 7.5% Rent increase by 11% in 2014, Primary lease, The Kroger Co - S&P rated BBB, Assumable $7.5 million loan

Starbucks Plaza Net Leased Property $4,604,000 8.20% Cap Rate 100% Occupied Strip Center with historically low vacancy. Mix of national, regional and local tenants, heavily Trafficked, Signalized Intersection Location.

National Tire and Battery Net Leased Property $ 3,668,000 Cap Rate: 7.50% Brand New 20-Year Lease with National Tire and Battery.Cpi increases every Five year with max of 12 persent. New sweven year lease with American mattress. average household income in 1 mile radius - $129,000. over 11800 resident in 5 miles.

Contact TMO for more details on any of the above passive investments and net leased NNN property deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Buy a NNN Property

Deals are a sampling of available NNN inventory from around the US and are for reference only.

JUST CLOSED: TMO has $3M+ week

It was a good week at TMO Inc! TMO sold two investment properties to two separate real estate investors: $2,455,000 net leased TSC in Arkansas

and

$655,000 single family investment house in Willits/El Jebel, Colorado

Both investors purchased for the low risk cashflows and passive income that investment real estate provides. For more information on these sales or to set-up a free no obligation real estate investment consultation with TMO please email or call 1.866.539.1777

Or visit these helpful pages:

Basalt Real Estate

Willits and El Jebel Real Estate

Net Leased Property

NNN Properties

photo credit

Walgreens NNN For Sale

Walgreens real estate remains a highly sought after NNN investment.  Walgreens provide long term stable cash flows usually on an absolute net lease basis with no landlord responsibilities. Walgreens has a S&P credit rating of "A". Here are several NNN Walgreen deals I have come across in my buyer searches over the past few weeks.  Please email or call me at 1.866.539.1777 for additional information on any of these NNN Walgreens for sale.

Walgreens NNN For Sale Litchfield, IL $4,511,200 6.65% cap rate 14,820 Square Feet, Minutes from Lake Lou Yaeger, Excellent Hard Corner Location with High Visibility, Adjacent to Litchfield Plaza Shopping Center, Irreplaceable Litchfield Location, Adjacent to Hampton Inn and Holiday Inn.

NNN Walgreens For Sale Hutchinson (Wichita), KS $4,945,000 Price 7.00% cap rate Over Fifteen (15) years remaining on Twenty-Five (25) year NNN lease fully leased and guaranteed by Walgreen Co. (S&P: A),  7.87% Average Yield.

Walgreens NNN Affluent Westchester County $11,455,000 6.40% cap rate Offered free & clear, but many great loans available,Prime New York Metro real estate, Mature suburb of New York City

Walgreens Investment New York, NY $6,538,461 6.50% cap rate Located adjacent to Hartwick College, a prominent private college in the region,Strong credit tenant - Walgreen Co. (S&P A/Stable)

Walgreens NNN For Sale Phoenix Metro $5,500,000 5% cap rate Trophy asset, 10% rental increase every 10%, America's #1 Drug store, Excellent demographic

Contact TMO for more details on any of the above Walgreens NNN properties and net leased NNN property deals via email or phone at 1.866.539.1777.

Deals are a sampling of available Walgreen NNN inventory from around the US and are for reference only. Subject photos may not be actual location and are representative of Walgreen locations in general.

NNN for sale - deals of interest

During the past few weeks I have been working hard evaluating NNN deals for several NNN buyer clients.  We have looked at many NNN properties for sale across the US.  In the process, I put together this short list of NNN for sale that may be of interest to you as well. Call or email me if you would like for information on these NNN for sale properties.  1.866.539.1777 CHASE NNN for sale in Texas $5,000,000 contact for cap rate The property is 100% leased to JPMorgan Chase Bank, N.A. on a brand new Twenty (20) year lease with Four (4), Five (5) year renewal options. The lease has built-in rental increases of 10% every Five (5) years through the base term and renewal options.

Advance Auto Parts NNN for sale in IL $1,520,400 7.25% cap rate Newly constructed property in 2011, 10% rent escalation in primary term, Long term lease of 15 years Located in primary retail trade area featuring Target, Home Depot and Lowe's

P.F. Chang's Corporate Ground NNN for sale in AZ $2,715,000 contact for cap rate Excellent traffic count - 108,000 vehicles per day on 1 - 10. Close proximity to major National and Regional retailers

Carl’s Jr. NNN for sale in Multiple Location, NV $2,100,000 7% cap rate Long Term 20 years NNN Leases, Rental increase every 5 year, Premier corner, Carl’s JR. is the 4th largest burger chain in America.

Verizon Wireless NNN for sale in SC $5,150,000 8.56%
 cap rate 100% leased to 3 national tenants, Traffic count exceeds 30,000 cares per day, Over 50,000 residents in 3 mile radius.

Contact TMO for more details on any of the above passive investments and net leased NNN property deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Deals are a sampling of available NNN inventory from around the US and are for reference only.

BUYER WANT: NNN property in CA, NV or AZ

ALL CASH CLIENT SEEKS Net Leased (NNN) property: -Single Tenant Retail or possible Office or Industrial -Tenant must be strong public credit -Locations: - South/Central CA- San Fran to San Diego - Phoenix - Las Vegas -Cap Rate: 6% plus -Price: $500,000 to $1,250,000 - 8+ years on lease - Not interested in just a ground lease unless the cap is substantially higher

Please call Thomas @ 1.866.539.1777 or email details.

Passive Investments: 5 Net leased deals that caught my eye

Here are 5 Net leased deals that caught my eye this past week as great passive investments.... Starbucks Weslaco, TX $1,120,000 7.5% "BBB+" Credit Rating, Out parcel to 191,000 SF Ross & Bealls Anchored Center

NNN AT&T Strip Center Raleigh, NC $4,744,800 Colliers International presents for sale the fee simple interest in a retail shopping center, Arco Commons (“Property”), located in Raleigh, North Carolina.

AutoZone Office Building Elk Groove, CA (Sacramento) $15,700,000 6.64% Autozone Net Leased Office Building Guranteed by AutoZone, Inc (NYSE: AZO). S&P Rated BBB investment In Rent Class A Build-to-Suit Completed in 2009. Mission Critical Facilty-Headquarter of ALLDATA,Wholly Owned Subsdiary of Autozone.

AT&T Zachary, LA $19,03,000 8% 10 Year Lease (2011 Construction) 10% Increase Every Five year "A" Standart and Poor Credit Rating

Whirlpool Distribution Building Omaha, NE $2,200,000 8.75% Incredible location in one of Omaha’s top Industrial park’s near 96than L street.

Contact TMO for more details on any of the above passive investments and net leased NNN property deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Deals are a sampling of available NNN inventory from around the US and are for reference only.

Who pays Closing Costs? State by State Guide

Closing costs differ around the United States.

Closing costs including title insurance are usually based on local custom where the property is located.  Yes, this is negotiable but in most cases, even if the Buyer and Seller are in different states, the parties pay closing costs based on the customs and traditions in the county where the property is located.

Here is a great State by State guide to real estate closing costs and who pays title insurance.  Again, this differs in every transaction and is usually negotiated by the Buyer and Seller in the deal unless it is mandated by state law.  The following list is via Closing costs around the United States www.miadomo.com.  Photo credit Doug Francis Virgina Realtor.

Closing costs around the United States

This is a general reference guide. Contact a local title company, real estate attorney, lenders or private escrow companies who handle closing in your state for specific information.

Alabama

Buyers and sellers negotiate who's going to pay the closing costs and usually equally split them.

Alaska

Buyers and sellers negotiate who's going to pay the closing costs and usually equally split them.

Arizona

The seller customarily pays for the owner's policy, and the buyer pays for the lender's policy. They split escrow costs otherwise.

Arkansas

The seller customarily pays for the owner's policy, and the buyer pays for the lender's policy. They split escrow costs otherwise.

California

Not only do escrow procedures differ between Northern and Southern California, they also vary from county to county. Contact local title company for a specific information.

Colorado

Closing costs are generally paid by real estate agent. Sellers pay the title insurance premium and the documentary transfer tax.

Connecticut

Buyers pay for examination and title insurance, while sellers pay the documentary and conveyance taxes.

Delaware

Buyers pay closing costs and the owner's title insurance premiums. Buyers and sellers share the state transfer tax.

District of Columbia

Buyers pay closing costs, title insurance premiums, and recording taxes. Sellers pay the transfer tax.

Florida

Buyers pay the escrow and closing costs, while county custom determines who pays for the title insurance. Sellers pay the documentary tax.

Georgia

Buyers pay title insurance premiums and also closing costs usually. Sellers pay transfer taxes.

Hawaii

Buyers and sellers split escrow fees. Sellers pay the title search costs and the conveyance tax. Buyers pay title insurance premiums for the owner's and lender's policies.

Idaho

Buyers and sellers split escrow costs in general and negotiate who's going to pay the title insurance premiums.

Illinois

Buyers usually pay the closing costs and the lender's title insurance premiums and the state and county transfer taxes.

Indiana

Buyers pay closing costs and the lender's title insurance costs, while sellers pay for the owner's policy.

Iowa

Buyers and sellers share the closing costs; sellers pay the documentary taxes.

Kansas

Buyers pay the lender's policy costs and the state mortgage taxes, sellers pay for the owner's policy.

Kentucky

Sellers pay closing costs; buyers pay recording fees, responsibility for payment of title insurance premiums varies from county to county.

Louisiana

Buyers pay the title insurance and closing costs.

Maine

Buyers pay the title insurance and closing costs, buyers and sellers share the documentary transfer fees.

Maryland

Buyers pay the title insurance, closing costs and transfer taxes.

Massachusetts

Buyers pay the title insurance, closing costs, except in Worcester where sellers pay.

Michigan

Buyers pay the lenders title insurance premiums and, closing costs, and sellers pay the state transfer tax and the owner's title insurance premiums.

Minnesota

Buyers pay the lender's and owner's title insurance premiums and the mortgage tax/ Sellers pay the closing fees and the transfer taxes.

Mississippi

Buyers and sellers negotiate the payment of title insurance premiums and closing costs. There are no documentary, mortgage or transfer taxes.

Missouri

Buyers and sellers generally split the closing costs. Sellers in western Missouri usually pay for the title insurance policies, while elsewhere the buyers pay.

Montana

Buyers and sellers split the escrow and closing costs, sellers usually pay for the title insurance policies.

Nebraska

Buyers and sellers split escrow and closing costs, sellers pay the state's documentary taxes.

Nevada

Buyers pay the lender's title insurance premiums, sellers pay the owner's and the state's transfer tax.

New Hampshire

Buyers pay all closing costs and title fees except for the documentary tax, that's shared with the sellers.

New Jersey

Both buyer and seller pay the escrow and closing costs. The buyer pays the title insurance fees, and the seller pays the transfer tax.

New Mexico

Both buyer and seller pay the escrow and closing costs, sellers pay for the insurance premium.

New York

Buyers generally pay most closing costs, including all title insurance fees and mortgage taxes. Sellers pay the state and city transfer taxes.

North Carolina

Buyers and sellers negotiate the closing costs, except that buyers pay the recording costs and sellers pay the document preparation and transfer tax costs.

North Dakota

Buyers pay for the closing, the attorney's opinion, and the title insurance, sellers pay for the abstract.

Ohio

Buyers and sellers negotiate closing costs, but sellers pay the transfer taxes.

Oklahoma

Buyers and sellers share the closing costs, except that the buyer pays the lender's policy premium, the seller pays the documentary transfer tax, and the lender pays the mortgage tax.

Oregon

Buyers and sellers split escrow costs and transfer taxes, the buyer pays for the lender's title insurance policy and the seller pays for the owner's policy.

Pennsylvania

Buyers pay closing costs and title insurance fees, buyers and sellers split the transfer taxes.

Rhode Island

Buyers pay title insurance premiums and closing costs, sellers pay documentary taxes.

South Carolina

Buyers pay closing costs, title insurance premiums, and state mortgage taxes, sellers pay the transfer taxes.

South Dakota

Sellers pay the transfer taxes and split the other closing costs, fees and premiums with the buyers.

Tennessee

The payment of title insurance premiums, closing costs, mortgage taxes, and transfer taxes varies according to local practice.

Texas

Buyers and sellers negotiate closing costs.

Utah

Buyers and sellers split escrow fees, and sellers pay the title insurance premiums.

Vermont

Buyers pay recording fees, title insurance premiums, and transfer taxes.

Virginia

Buyers pay the title insurance premiums and the various taxes.

Washington

Sellers pay the title insurance premiums and the "revenue" tax, buyers and sellers split everything else.

West Virginia

Buyers pay the title insurance premiums and sellers pay the documentary taxes and the divide the other closing costs.

Wisconsin

Buyers pay closing costs and the lender's policy fees, sellers pay the owner's policy fees and the transfer taxes.

Wyoming

Buyers and sellers negotiate who's going to pay the various closing costs and title insurance fees.

To buy real estate forms, please look at MiaDomo's legal forms section or our real estate forms links.

How to Select the Best Triple Net Broker

Given that a net-leased investment typically costs millions of dollars, finding a good triple net broker is particularly important. Working with a good triple net broker will give you better access to inventory, better financing, and a better investment result. Here are a few things to look for in your quest for a top-line triple net broker. Fundamental Knowledge Many of the triple net broker firms in the market lack a solid understanding of the fundamentals of an NNN investment. Look for a triple net broker who knows the difference between a double net, a triple net, and a "true" triple net lease. Your triple net broker should also understand the credit rating system, as this will help them, and you, measure the risk of a given tenant.

Access to Inventory A strong NNN broker will have a large and diverse inventory consisting of a mixture of their own listings as well as properties offered by other triple net broker companies and off-market deals. This will let you choose from a number of different properties to find the right mix of lease terms, lease length, and tenant quality.

Access to Financing A good triple net broker knows that the lender can make or break the deal. As such, you should look for a triple net broker who either has an in-house commercial mortgage broker or a strong relationship with an outside broker. Your triple net broker should also understand the many different financing options available, including bank financing, life insurance financing, conduit debt and the "CTL" credit tenant lease programs that provide long-term fixed rate debt for NNN assets.

Client-Focused Business Your triple net broker should take some time to get to know you and your goals. They should then show you appropriate property. If, for instance, you express a desire to have long-term stable income and your triple net broker shows you properties with five or fewer years remaining on the lease, you may want to select someone else. Watch for a NNN broker who does not attempt to saddle you with more debt than you want. Although some debt carries a number of benefits, it also carries risk, and a good triple net broker will help you strike the right balance.

Experience Your triple net broker should have a few deals under his or her belt. Although some of the most active triple net broker teams in the company focus on seller representation, there are a large number of good buyer representatives who have amassed a large resume of experience. Work with a triple net broker like that, and if they have a well-respected designation, like CCIM, that is an additional plus.

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments. 1.866.539.1777

NET LEASED PROPERTIES for sale

These net leased properties caught my eye and would make great investments.  Please contact me for more details:  email or 1.866.539.1777NET LEASED PROPERTIES for sale from around the U.S.

Jared - Galleria of Jewelry net leased NNN property $1,915,789 9.50% cap Baton Rouge, LA New 20 year absolute NNN lease. Zero Landlord responsibilities. Scheduled 10% increase every 5 years.

Lowe's Home Improvement net leased NNN property Dayton MSA, Ohio $12,057,000 6.75% cap The property is 100% leased to Lowe's Home Improvement. As of January 29, 2010, Lowe's Home Improvement had total revenue of more than $47.2 billion, a net income of approximately $1.78 billion and a net worth in excess of $19 billion. Lowe's Home Improvement currently holds an A+ rating with Standard & Poor's.

CVS Pharmacy Ground Lease net leased NNN property Southwick, MA ( Springfield ) $2,750, 000 6% cap rate New 25 year Absolute NNN Lease. 100% free simple interest. Scheduled 5% rent Increase every 5 year. S&P BBB+ Investment Grade Credit. Hard Corner Location.

CVS packages Tampa, FL $27,939,871 7% cap rate Three-2 store NNN CVS Packages. Both stores must be bought together in each package. Below market financing must be assumed (matures June, 2015)

Contact TMO for more details on any of the following net leased NNN property deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Deals are a sampling of available NNN inventory from around the US and are for reference only.

This week's NNN deals

TMO has scoured the NNN market this week and has sifted through hundred's of triple net properties. Here are the top five NNN deals worth taking a look at for your triple net investment. Contact TMO for more details on any of the following deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan KFC Quincy, Florida $1,075,900 Cap Rate: 7.25%

Walgreen’s Chicago, IL $7,238,800 Cap Rate: 6.7%

Gold’s Gym Grand Junction, CO $10,825,000 Cap Rate : 8.25% Built in 2007, this 53,640 gym will offer a brand new 15year NNN upon close of escrow, including three 5year options and rental escalations every 5years during the base term and annually during the option periods. One of the highest performing Gold's Gyms in the state if not the country. Located just south of a WalMart Super Center, Sam's Club, Golden Corral Buffet, Office Max and GameStop

Brand New Verizon Wireless Retail Store Jacksonville, FL $1,312,400 Cap Rate: 9.00 % * Strong Tenant Cellular Sales of Knoxville, Inc. has 400+/ Units * Corner Location Opposite Corners are Walgreens, CVS/pharmacy, and Compass Bank * Brand New 10Year Lease with Growing Tenant * Ten Percent Increase Every Five Years

Family Dollar Stores, Inc. Saginaw, Michigan $768,750 Cap Rate : 8.00% * Ten (10) Year NN lease with approximately 5.5 years remaining in base lease term * Four (4), Five (5) year renewal options still in place offering * Attractive 10% rent increases every Five (5) years

Contact TMO for more details on any of the following deals via email or phone at 1.866.539.1777 or twitter @andrusmorgan

Deals are a sampling of available NNN inventory from around the US and are for reference only.

TMO sells another net leased TSC

TMO has just closed on the sale of a NNN property in Fayetteville, NC that is net leased to Tractor Supply Company.   The sale price was just over $3.2M nearing an 8% cap rate.  TMO represented the buyer who is a private investor.  The seller was represented by Brad Moulder and Ryan Butler of Stan Johnson Company (fellow CCIM's).

Buy a Tractor Supply NNN Property

The property is leased on an absolute net basis to TSC for another 10 years ensuring a long term passive investment for the owner.  Tractor Supply Company is an operator of retail farm and ranch stores in the United States.  As of December 25, 2010, the Company operated 1,001 retail farm and ranch stores in 44 states and had sales over $3B.

TMO provides clients with passive investment opportunities like this around the U.S.  Net leased properties give investors peace of mind, long term stable cash flows with very low risk.

Contact TMO for a free investment evaluation via email or toll free at 1.866.539.1777

You can see all the pictures of the property on TMO's flickr stream.

TMO sells $2.24M net leased Tractor Supply

TMO is pleased to have represented a private investor in the purchase of a NNN leased Tractor Supply property in Sweetwater, TX.  The all cash transaction closed in under 30 days for $2,242,500 at a cap rate of 8%.

Buy a Tractor Supply NNN Property

"Tractor Supply (TSCO) is a great reliable tenant with a solid business model which provides my client with peace of mind for years to come." says Thomas Morgan, CCIM.  "TSC's may be in smaller markets but that is where their customers are and they serve the rural farming towns perfectly.  Compared to a NNN Walgreens or fast food NNN investment, TSC's have a lot of residual value in the real estate as they are on large lots, usually 4-5 acres and have decent size buildings of around 20,000 sf built of block."

Lior Regenstreif of Marcus Millichap represented the Seller.

What does NNN stand for in real estate?

The "What does NNN stand for in real estate?" has moved to this page: What is Triple Net NNN? Triple net lease definition

See all NNN and Triple Net Posts

Triple Net Lease Calculator

Here is a tutorial video showing how to use the features of the advanced triple net lease calculator. TMO can help you calculate your triple net lease as a real estate consultant or you can ask a free real estate question (which takes longer).

TMO can help you calculate your triple net lease as a real estate consultant.

The triple net lease calculator can be found at www.morecalculators.com