Mixed-use development combines multiple uses into a single building or area, such as residential, commercial, or recreational. It can be applied to new development, redevelopment, or brownfield areas, and can be found in both urban and rural areas.
From site selection to financing to handing the keys to the tenant. Bodecker Development handles all aspects of the process when it comes to commercial development.
A triple net lease (NNN) is a commercial real estate lease where the tenant is responsible for more than just rent. The "NNN" stands for the three types of expenses the tenant pays, which are typically: Real estate taxes, Building insurance, and Common area maintenance (CAM).
NNN leases are often used for franchise businesses, restaurants, and retail spaces. They are popular because they can be a good investment for landlords and tenants, but each party faces some risks.
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