Generally, the real estate taxes, maintenance, and building insurance expenses are paid by the landlord when the tenant pays the rent. However, in the case of the triple net (NNN) property, the tenant has to pay those too, in addition to the utility boils and the rent. The rent is lower for the NNN properties for sale which has made them a popular option among the investors.
Below is a list of the five best NNN properties in Los Angeles.
Convenience store
- Location: Baton Rouge, LA
- Cost: $2,995,401
- Premises: 4,509 SF
- Renewal options: 4 x 5 years
- Lease expiration: 1/20/2040
- Lease type: Absolute NNN
- Rental increases: 2% annually
If you are thinking about investing in an NNN property in LA, then this convenience store may just be the right option for you. This is an already established store with multiple locations, which makes it a profitable option. It is located in an advantageous position, which offers visibility and traffic.
Jiffy Lube and Precision Tune Auto Care
- Location: Alexandria, LA
- Cost: $1,285,714
- Premises: 5,000 SF
- Lease expiration: Varies
- Lease type: NNN
- Rental increases: Varies
If you want to invest in profitable NNN properties for sale, then consider these auto care facilities. You will have zero responsibility as a landlord and all the support you need from Jiffy Lube. The over 30,000 traffic count of vehicles per day, these facilities have excellent visibility. The Alexandria and Metrocenter Malls are located nearby too, which guarantees even more traffic.
Exxon
- Location: Bernice, LA
- Cost: $1,794,966
- Premises: 2,644 SF
- Renewal options: 4 x 5 years
- Lease expiration: 1/31/2039
- Lease type: Absolute NNN
- Rental increases: 2% annually
This is one of the best NNN properties for sale in LA. With zero landlord responsibility and consistently great performance, this property will make sure that you get the best out of your investment. Only this February, this Exxon pumped 39,000 gallons of diesel fuel. Currently, it is in consideration to add a Truck Stop to this Exxon property, which will surely render it more profitable.
Convenience store
- Location: Orleans, LA
- Cost: $2,089,815
- Premises: 676 SF
- Renewal options: 4 x 5 years
- Lease expiration: 1/20/2040
- Lease type: Absolute NNN
- Rental increases: 2% annually
This convenience store establishment operates in over 40 locations, which makes it a known name. This particular property offers constant profits with 2.30-time rent coverage. The store is strategically located in a dense business area, which guarantees regular traffic. The neighboring businesses include Domino’s, Rainbow, Super 8, Wendy’s, Walmart, Taco Bell, Raising Cane’s, McDonald’s, Burger King, Popeyes, and more.
Jiffy Lube
- Location: Natchitoches, LA
- Cost: $711,914
- Premises: 1,600 SF
- Lease expiration: 2/28/2027
- Lease type: NNN
- Rental increases: 12.5% on 3/1/2022
With Shell Oil Company offering a corporate guarantee to this Jiffy Lube, it surely is among the top NNN properties for sale in LA. It is located nearby popular areas, which will make sure to lead heavy traffic towards the establishment. It surely is a profitable investment option for you.
The NNN properties are in demand right now. You can invest in any of these top options to guarantee hassle-free profits.
