Arizona Triple Net Leases
Arizona has a wealth of triple net commercial investment properties waiting for you to embrace. Whether you’re an experienced real estate investor or simply embarking on your early investment journey, the range of leases, locations, and property types available is far-reaching to cater to a range of lifestyles and investment goals.
The Grand Canyon state is rooted in a strong economy and is ranked among the top ten states in the United States for business prosperity. New jobs are being created as incumbents move to the state in increasing numbers, further stabilizing real estate investment activity in the commercial sector. Sun-seeking families in search of an affordable lifestyle are the primary drivers of this burst in population growth.
The state offers a variety of established commercially-backed brands in the real estate market to choose from, such as Starbucks, CVS Pharmacy, and 7-Eleven. NNN properties for sale in Arizona are recognized as a treasure trove of opportunities for investors ready to take the leap towards their financial aspirations.
Many investors aiming for a passive role in their deals prefer triple net real estate. Tenants shoulder the financial burden of building taxes, maintenance, and insurance, which gives them more freedom to structure the business around brand uniformity and customizing their space.
Meanwhile, landlords can capitalize on an array of NNN lease investment options and property types, completely liberated from unexpected costs, spending time on asset management, and other typical landlord responsibilities.
Commercial real estate for sale in Arizona offers single tenant NNN properties located in a range of site types, such as shopping centers, busy street corners, interstates, and highways connecting the city with small towns.
Investors have their choice of mid to long-term lease structures, with the majority of properties offering a lease ranging between 10-20 years. Commercially backed real estate assets such as a bank, restaurant, or retail space provide the landlord with reliable tenants with a dependable financial and commercial endorsement. In almost every case, leases include regular rent increases already built into them.
Tenant and Industry Overviews
Investors should note the key value propositions of NNN property for sale in AZ, as well as the industries and local markets in which tenants trade.
Quick Service Restaurants
Within the quick-service restaurant industry, for example, businesses have developed a sturdy tolerance for economic downturns. Through the global pandemic, people across America have readily continued to participate in the convenience of franchised quick-service restaurants like our partners Starbucks, Carl’s junior, and Burger King. This is facilitated by innovative modern service delivery alternatives that buffer the adverse effects of social distancing.
The retail pharmacy sector is expected to expand and flourish over the next thirty years resulting from the United States’ aging population. The number of citizens aged 85+ is projected to double by 2040, and the 65+ bracket will double by the year 2050. Trends will inevitably lead to an increase in demand for over-the-counter healthcare remedies, as well as medical provisions, stabilizing the sector for consumers and investors alike.
Partners like CVS Pharmacy are considered a safe investment because of these future growth projections. Recently designated as an “essential service,” the retail pharmacy sector is regarded as a low-risk, recession-proof real estate investment. People will always require healthcare services – especially in light of the global pandemic. Individuals can invest with confidence knowing their triple net lease assets will be in an economically stable grasp for the future.
Auto Brakes and Repairs
The auto brakes and repairs industry is also thriving through the pandemic. In 2020, the age of vehicles on the roads averaged 11.9 years which is the ninth consecutive year that the median exceeds 11 years. This is also known as the age that cars and trucks require the most repairs. Because individuals are trying to save money through economic hardship, our partners, O’Reilly Auto Parts and AutoZone, have seen a boom of people performing their own vehicle maintenance. This effect creates a safety net for businesses in the sector and the investors in franchisees’ real estate locations.
Whether you are considering a move to Arizona, or simply seeking an out-of-state investment that delivers steady and predictable returns over time, the Grand Canyon state is abundant with investment commercial real estate opportunities to snatch up today. Chat to our experienced team of experts to uncover NNN properties for sale in Arizona that perfectly match your lifestyle requirements and investment dreams.