 Many buyers that are seeking to mitigate daily management responsibilities are turning their attention to single/multi-tenant, triple-net leased properties for their 1031 replacement solutions. One of the driving forces for this demand is the appeal of a single/multi-tenant asset with investment-grade tenant(s).
NNN or Triple Net Lease structures permit all taxes, insurance and expenditures that relate to the property’s common area to pass directly to the tenant(s). The landlord or property owner is not responsible for these costs. However, in a NNN leased property, the landlord is responsible for capital items, such as the roof, structure and parking lot. In most cases the landlord pays the monthly expenses and then is reimbursed by the tenant for the applicable operational expenses.
In contrast to a Triple Net Lease (NNN), an Absolute Net Lease virtually alleviates all management responsibilities for the landlord. Under an Absolute Net Lease structure, the tenant is responsible for all expenses, repairs and maintenance, which includes all capital items such as the roof, structure and parking lot.
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CORPORATE PROFILE 
Triple Net Lease - NNN
Defer 100% capital gains tax and depreciation recapture taxes via a 1031 exchange or 1033 exchange
