What is a Modified Net Lease?

A modified net lease is a deal variation or compromise that usually falls somewhere between the terms of a gross lease and a triple net lease. Each modified net lease contract is unique to the property, but there is generally a split of financial responsibilities between the property owner and the tenant to make the deal beneficial on both sides.

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Sands Investment Group Closes Escrow on Final Asset in Trophy Albertsons Grocery Portfolio

Sands Investment Group (SIG) announced today they have closed escrow on the final asset in a “trophy” Albertsons portfolio. SIG Managing Director, Daniel Hoogesteger, and SIG Advisor of Capital Markets, Andrew Chana, were co-brokers on the portfolio, leveraging their specialized expertise in the net lease grocery market and tapping into their extensive network of investors to achieve record-breaking prices and cap rates on this rare grocery portfolio in California. Read more

SIG Handles New Loan for Recurring Client on Triple Net Big Box Retail Location in South Carolina

SIG brokers handled a new deal and loan for a recurring client by helping the developer secure financing quickly to compete successfully for a sought-after, big box retail location in South Carolina.

Working with SIG brokers is the best way for developers to acquire the highly sought-after, big box locations they want to add to their investment portfolios. Lead SIG broker Dan Hoogesteger, along with co-brokers, Andrew Chana and Chris Sands, successfully led one of SIG’s recurring clients through an acquisition of a big box retail location, up against multiple bids.

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SIG Handles 1031 Exchange Deal on Church’s Fast Food Restaurant in Alabama

SIG brokers handled a 1031 Exchange deal for a recurring investor who wanted to acquire a fast food restaurant as part of their investment portfolio.

Working with SIG brokers is the best way to maximize opportunities during a portfolio acquisition of new properties and handle complex 1031 Exchange property transaction. Lead SIG broker Amanda Reeves, along with co-broker Doug Roland successfully led one of SIG’s private west coast clients through a 1031 Exchange deal to acquire a fast food property in Alabama.

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SIG Handles Deal on Non-Traditional Automotive Retail Location in Houston Texas

SIG brokers handled a deal for a recurring investor who wanted to acquire a triple net property in the automotive niche for their portfolio.

Working with SIG brokers is the best way to successfully diversify your investment portfolio. Lead SIG broker Chris Sands, along with co-brokers Max Freedman and Dan Hoogesteger, successfully and quickly closed a deal on a non-traditional automotive retail location in Houston, Texas.

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SIG Handles Seamless Transaction for Recurring Client on Taco Bueno Property in Austin, Texas

SIG brokers handled a new loan for a recurring developer client who wanted to acquire fast food property as part of their investment portfolio.

Working with SIG brokers is the best way to leverage top listings, lending, and marketing efforts. In this deal, lead SIG broker Max Freedman, along with co-brokers Chris Sands and Will Schuhmacher, was able to successfully find the right buyer in the first day of marketing the property. The transaction was seamless, with no delays or issues throughout the life of the transaction.

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What is a Modified Gross Lease?

A modified gross lease can be best understood through comparison, as it represents a middle ground between a full-service gross lease and a triple net (NNN) lease.

In a gross lease, the property owner is financially responsible for the building, and covers all the expenses associated to its operation (including taxes, insurance, and maintenance). To help recoup some of these costs, the property owner builds them into the monthly rent amount that a tenant pays for use of the building. The property owner pays all of the expenses associated to the building, in exchange for a monthly, all-inclusive rent sum.

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