4 Tips for Success in Triple Net Property Searches & Investments

The real estate market has experienced tremendous changes in the recent past. Nowadays, there are multiple types of investments opportunities and choices. A perfect example is triple net investments; they are favorite among many investors and for various reasons. These properties offer stable income streams to the landlords. Moreover, the tenant handles all the property costs and expenses.

NNN properties – Are they great investments?

NNN properties are excellent choices for any real estate investor. These can range from restaurants, offices, stores, medical centers, and more. Such properties are designed for long-term occupancy and allow you to offer various triple net lease opportunities to tenants.

That’s not all, though! Such investments offer a stable source of income and relief the property owner of many property expenses. And this is because the tenant absorbs all the property costs during occupancy. These are;

• Property taxes
• Insurance costs
• Maintenance and repairs

On top of the property costs, the tenant pays monthly rent. They also maintain your investment in excellent condition which minimizes the risk of property degradation.

How can I locate the best Triple net properties?

NNN properties are common these days. You’ll get many property listings and should know how to locate what matches your needs. However, most sites don’t feature filters, which makes property searches a daunting experience. This shouldn’t be so, though. There are tricks to help

you in your property search. Check them out;

1. Use the tenant filter.

Commercial tenant information forms an integral part of the search. It can help unlock multiple NNN opportunities. The common tenant options available will include businesses, restaurants, offices, automotive, drug stores, and more. Analyze each property that you come across and check the current tenants.

2. Search by location

You’ll get most NNN properties in great and accessible locations, and many will be near other successful businesses. Therefore, a list of preferred locations will go a long way. First, understand your niche, and choose a neighborhood that ensures future success. Also, take advantage of public property records to attain more property addresses and information on past transactions. With location search, you search for properties by type, state, city, and specific streets.

3. Look out for opportunity areas.

You’ll find such places in all states. Opportunity zones are low-income communities that can bring about greater earnings in the future. Mostly, they are underdeveloped spots that present multiple growth opportunities. These are great spots for real estate investments, and you can benefit immensely by identifying such areas. Also, search per the asset type, which makes it easy to locate your ideal property.

4. Search for off-market prices

Off-market listings refer to properties that aren’t listed for sale. However, conducting such a search will help determine whether the property owner is likely to sell the property or not. You’ll also get to know the recent sale dates, property prices and gather more information about the property.

In summary

There are many property listings, and locating your ideal property can be time-consuming. With the ideas mentioned above, you will ease the search process. Also, be keen on opportunity zones, and acquire properties with a high potential of higher income in the long term.