reia of detroit gary smith marcus & millichap triple net lease

REIA of DetroitREIA of Detroit

Gary SmithGary Smith

Marcus & MillichapMarcus & Millichap

Triple Net LeaseTriple Net Lease

PROCESSPROCESS

CONTROL the IntersectionCONTROL the IntersectionNETWORK with InfluencersNETWORK with Influencers IDENTIFY your FinancingIDENTIFY your FinancingMARKET the DealMARKET the Deal

RESOURCESRESOURCES

FEAFEACCIMCCIMNASSANASSA ICSCICSCNRFNRFNRANRA

FEA Fed. Exchange Accom.FEA Fed. Exchange Accom.

www.1031.orgwww.1031.orgKnow the Code (IRS)Know the Code (IRS)

CCIM Cert Comm Invest MgrsCCIM Cert Comm Invest Mgrs

www.ccim.comwww.ccim.comDeal BrokersDeal Brokers

NASSA North Amer Sec Admin AssnNASSA North Amer Sec Admin Assn

www.nasaa.orgwww.nasaa.org Investment regulatorsInvestment regulators

ICSC Intl Coun Shopping CtrICSC Intl Coun Shopping Ctr

www.icsc.orgwww.icsc.orgFollow the trendsFollow the trends

NRA Natl Restaurant AssnNRA Natl Restaurant Assn

www.restaurant.orgwww.restaurant.orgWhat’s hotWhat’s hot

NRF Natl Retail FederationNRF Natl Retail Federation

www.nfronline.comwww.nfronline.comWhat’s hotWhat’s hot

SAMPLESAMPLE

SAMPLE contSAMPLE cont

Triple Net Lease (NNN)Triple Net Lease (NNN)Who is responsible for what?Who is responsible for what?

Tenant:Tenant: Base rent Base rent Property taxesProperty taxes Property insuranceProperty insurance Pro-rata share of common area maintenance (CAM) which can include Pro-rata share of common area maintenance (CAM) which can include

common area landscaping, utilities, snow removal, repairs, etc. common area landscaping, utilities, snow removal, repairs, etc. Personal property and liability insurance which once in place must show the Personal property and liability insurance which once in place must show the

Landlord as additionally insuredLandlord as additionally insured Personal Property TaxesPersonal Property Taxes Janitorial services Janitorial services UtilitiesUtilities PhonePhone InternetInternet

CONTACTCONTACT

Gary SmithGary SmithRealtorRealtorMarcus & MillichapMarcus & Millichap248.415.2600248.415.2600Gary.smith@marcusmillichap.comGary.smith@marcusmillichap.com