The office industry expected to see similar impacts seen in other industries, but surprisingly, saw more demand. Certain factors became the reason of why this demand rose interest in single-tenant and triple-net-leased assets (NNN).
Single and Triple-Net assets are usually stable. They require a low amount of maintenance and fewer capital expenses for the buyer. Therefore, these assets are stable, long-term real estate investments that leave the owner or manager with little to do in regard to the active management of the property. Typically, these leases have solid tenants with good credit and corporate guarantees; therefore, these properties offer specific tax and liquidity advantages, resulting in an increasing shortage of the triple-net-leased inventory.
