NNN Ground Leases
A ground lease is an agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner. A ground lease indicates that the improvements will be owned by the property owner unless an exception is created, and stipulates that all relevant operating expenses (taxes, insurance and etc.) will be paid for by the tenant. Ground leases are typically for 10 years or more.
We have dedicated commercial real estate appraisers focused on all kinds of NNN ground lease properties across the nation. We have appraised ground leases of various national NNN tenants such as CVS Pharmacy, Lowes, McDonald’s, Chase Bank, Walgreens, 7-Eleven, Chipotle, KFC, AutoZone, Rite-Aid, Burger King, Home Depot, Chick-fil-A, Bank of America, Kohl’s, Wells Fargo Bank, Wendy’s, K-Mart, Sears and more.
Whether you call it a single tenant net lease property (STNL), NNN property, net-leased investment, single-tenant NNN, net lease property, single-tenant leased property, triple net property, or any other ways, we are your commercial appraisers for this property type. Please contact us for any commercial appraisal and valuation services of NNN ground lease properties across the nation.