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REIA of Detroit. Gary Smith Marcus & Millichap Triple Net Lease. PROCESS. CONTROL the Intersection NETWORK with Influencers IDENTIFY your Financing MARKET the Deal. RESOURCES. FEA CCIM NASSA ICSC NRF NRA. FEA Fed. Exchange Accom. www.1031.org Know the Code (IRS).
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REIA of Detroit Gary Smith Marcus & Millichap Triple Net Lease
PROCESS • CONTROL the Intersection • NETWORK with Influencers • IDENTIFY your Financing • MARKET the Deal
RESOURCES • FEA • CCIM • NASSA • ICSC • NRF • NRA
FEA Fed. Exchange Accom. • www.1031.org • Know the Code (IRS)
CCIM Cert Comm Invest Mgrs • www.ccim.com • Deal Brokers
NASSA North Amer Sec Admin Assn • www.nasaa.org • Investment regulators
ICSC Intl Coun Shopping Ctr • www.icsc.org • Follow the trends
NRA Natl Restaurant Assn • www.restaurant.org • What’s hot
NRF Natl Retail Federation • www.nfronline.com • What’s hot
Triple Net Lease (NNN) Who is responsible for what? Tenant: • Base rent • Property taxes • Property insurance • Pro-rata share of common area maintenance (CAM) which can include common area landscaping, utilities, snow removal, repairs, etc. • Personal property and liability insurance which once in place must show the Landlord as additionally insured • Personal Property Taxes • Janitorial services • Utilities • Phone • Internet
CONTACT • Gary Smith • Realtor • Marcus & Millichap • 248.415.2600 • Gary.smith@marcusmillichap.com