what is single tenant in commercial real estate
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What is single tenant property?
Single Tenant Property. Single tenant property is property that is fully occupied by a single user. Single tenant properties often feature a triple-net (NNN) lease structure and generally have remaining lease terms of at least 10 years. Single-tenant, net-leased properties, which sometimes use the acronym STNL,…
What is a single tenant net-F lease property?
Single-tenant, net-leased properties, which sometimes use the acronym STNL, can be attractive to individual investors due to their low management responsibilities, predictable cash flow and often long lease terms. Many single-tenant properties feature tenants with household names and investment grade tenants.
What are the different types of commercial property leases?
There are four primary types of commercial property leases, each requiring different levels of responsibility from the landlord and the tenant. A single-net lease makes the tenant responsible for paying property taxes. A double-net (NN) lease makes the tenant responsible for paying property taxes and insurance.
What is the difference between single tenant and multi-tenant ecommerce?
A multi-tenant environment offers less control, so many features remain universal for all tenants, while only a select few are open to customization by the customer. Verdict: When the time comes to customize your eCommerce store, a single-tenant environment makes it easy.