In this paper, we explore the fundamentals of net lease real estate, including how net lease structures work, the role of tenant credit quality, and the characteristics that have historically distinguished the sector within commercial real estate. As investors navigate evolving market conditions, understanding how lease structures, tenant credit quality and mission-critical properties can influence cash flow characteristics and operating expense exposure may provide context when evaluating real estate allocations.

You'll learn:

• How net lease structures differ from traditional commercial real estate leases
• Why tenant credit quality is an important consideration in net lease investing
• How lease terms can affect cash flow characteristics and operating expense exposure
• The role mission-critical properties can play in supporting long-term tenant occupancy