Doublenet pay news

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What is Double Net Pay?

Double net pay, also known as double net lease or NNN lease, is a type of commercial real estate lease where the tenant is responsible for paying the property taxes and insurance, in addition to the base rent. This type of lease is often used for retail, office, and industrial properties.

Recent News and Trends:

  1. Rise of Double Net Leases: According to a report by CBRE, double net leases have become increasingly popular in recent years, particularly in the retail sector. This is due to the desire of investors to reduce their exposure to property taxes and insurance costs.
  2. Increased Demand for Flex Space: The demand for flexible office space has led to an increase in double net leases, as tenants seek to avoid long-term commitments and instead opt for shorter-term leases with more flexibility.
  3. Impact of COVID-19: The pandemic has accelerated the shift towards double net leases, as tenants seek to reduce their exposure to property-related risks and costs.
  4. Investment Opportunities: Double net leases offer investors a unique opportunity to generate passive income, as they are typically long-term leases with stable cash flows.
  5. Tax Benefits: Double net leases can provide tax benefits to investors, as they are eligible for depreciation and other tax deductions.

Recent Deals and Transactions:

  1. Amazon Leases 1.1 Million SF in Chicago: Amazon has signed a 15-year double net lease for 1.1 million square feet of industrial space in Chicago.
  2. Walmart Signs 10-Year Lease in Texas: Walmart has signed a 10-year double net lease for a 1.2 million square foot distribution center in Texas.
  3. Kroger Leases 1.5 Million SF in Ohio: Kroger has signed a 15-year double net lease for 1.5 million square feet of distribution space in Ohio.

These are just a few examples of the latest news and trends in double net pay. If you're interested in learning more, I'd be happy to provide additional information or resources!