Steve Hyatt answers: I’ve heard of Triple Net or NNN Leased Properties for sale. What type of investment is that?

It’s typically a single tenant triple net lease, which means there’s very limited responsibilities of the landlord. If anything, maybe the landlord is going to take care of the roof and the structure, and the tenant pays everything else. Essentially, it’s like handing over the keys to the property to the particular tenant. Typically, the leases are 10 to 20 years with options. The tenants that go in are usually banks, fast food restaurants, retail chains, sometimes land leases. It’s a very conservative type of investment, very hands off for the owner to have as an investment.