Triple Net Lease Property of the week 8.22.17

john skinner triple net lease property specialist watsonville aptos california investment the human bean nnn leases

This week’s selection is one of the few Triple Net Lease properties I have seen for under $1,000,000, that appears to be a good value in most respects.


Price                  $590,000
Use:                    Coffee House
Location:         Between high school campus and outlet mall
Age:                    10 years
Increases        The lease calls for a 10% increase every 5 years.


Lease Term     5 years with 3 5-year options
Cost / Sq Ft     $1,365

Summary: The price point represents a good entry level for these properties, and yet it is a relatively new building which should not require expensive renovations or repairs in the near future. It is used as a coffee house similar to Starbucks only a smaller franchisor, Located within an active shopping corridor.
I prefer to see 15 or 20-year leases at the outset, but this property appears to be well located, and is a franchised brand, so the prospects seem good that the franchisee will prosper and continue to occupy the property through the lease extensions.


John Skinner
BRE 00370864
831 359 8624
[email protected]

Sherman and Boone Realtors, Inc.
1260 41st Ave, Ste O
Capitola, CA 95010

Triple Net Properties For Sale