Brook Walsh Real Estate Blog - Northern Michigan Commercial Real Estate for Sale and Lease

SINGLE VS. DOUBLE VS. TRIPLE NET LEASES

Posted by Brook Walsh on July 16th, 2020

What's the Difference Between Single, Double, and Triple Net Leases?

An Overview of Single, Double, and Triple Net Leases

A triple net lease (NNN) is a type of commercial lease that helps landlords decrease risk. A triple net lease is one of three forms of net leases, which are real estate leases in which the tenant is responsible for one or more additional costs. Net leases are commonly employed in commercial real estate and typically include property taxes, property insurance premiums, and maintenance expenditures. Single net leases and double net leases are the other types of net leases besides triple net leases.

In a single net lease, the tenant is only responsible for paying property taxes in addition to the rent. The renter pays rent…

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SOLD: 200 Industrial Park Boyne City, MI 49712 - $250,000

Posted by Brook Walsh on March 31st, 2020

 

SOLD: 200 Industrial Park Way Boyne City, MI 49712
MLS# 461530 - $250,000

This Boyne City commercial building is of the highest quality with steel frame construction and a 2-inch water main. This investment property generates a very solid rental income.  (Click here to see all Northern Michigan Commercial Properties for Sale)

Please contact Brook Walsh for help selling your commercial property brook@nmescapes.com, www.brookwalsh.com  or (231) 459-3179 for a showing today!

Click here to see all Boyne City, Michigan Homes for Sale)

Focused on Northern Michigan Investment Real Estate

Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong…

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Understanding Michigan Rental Laws: A Complete Guide for Landlords and Tenants

Posted by Brook Walsh on December 2nd, 2019

21 Critical Michigan Rental Laws Landlords & Tenants Must Know in 2025

Michigan Rental Laws explained! Discover 21 essential rules every landlord and tenant must understand in 2025 to protect their rights and avoid legal trouble.

Introduction to Michigan Rental Laws

Renting a home or managing a property in Michigan involves more than just exchanging keys and rent checks. Michigan rental laws provide a legal framework to protect the rights of both landlords and tenants. Whether you're a seasoned property owner or a first-time renter, understanding these laws can prevent costly disputes and help maintain a smooth landlord-tenant relationship.

In 2025, Michigan continues to adjust its housing laws to reflect economic changes,…

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Triple Net Lease – A Guide to Commercial Leasing

Posted by Brook Walsh on October 8th, 2019

Triple Net Lease – A Guide to Commercial Leasing: Unbeatable Insights + 10 Tips

Discover everything you need to know about Triple Net Lease terms, costs, benefits, and best practices.

Triple Net Lease agreements are a cornerstone of modern commercial real estate, providing landlords and tenants with clear responsibilities and predictable expenses. In this guide, we’ll explore what a Triple Net Lease entails, its benefits, key considerations, and tips to negotiate favorable terms.

What Is a Triple Net Lease (NNN Lease)?

A Triple Net Lease (often abbreviated as NNN Lease) shifts the major property expenses—property taxes, insurance, and maintenance—onto the tenant. Unlike a gross lease where the landlord covers all operating expenses, under an…

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Sold: 246 E Main St Harbor Springs, MI 49740 - $249,000

Posted by Brook Walsh on June 7th, 2019

SOLD: 246 E Main St #1 Harbor Springs, MI 49740 - $249,000
MLS: 459224 - $249,000

Newer street-level retail condo, right downtown on Habor Springs Main Street with the new restaurants and new Lyric Theatre offering plenty of foot traffic. Great street frontage and windows give a great opportunity to display the wares. Historic ambiance with 10 ft ceilings, crown molding, ceiling fans, and white oak floors, but with elevator to 600 sq ft lower level storage with high ceilings. Fire suppression system. (Click here to see all Harbor Springs, Michigan Homes for Sale)

For help selling your Harbor Springs Commercial real estate or your Harbor Springs home contact Brook Walsh - brook@nmescapes.com, www.brookwalsh.com or (231) 459-3179 today!

All…

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SOLD: 108 Water Street Boyne City, MI 49712 - $250,000

Posted by Brook Walsh on April 1st, 2019

Opportunity knocks! This very rare opportunity will afford you the ability to have your own storefront in the ever sought-after Water Street district of beautiful Boyne City. Lots of room in this building including a full bath, 12 x 10 work area at the back, as well as a 10 x 15 private office/storage area.

This is your chance to be in the heart of it all right in the middle of the DDA, with Stroll the Streets, and all the special events in Boyne City, you will be in the center of focus! Investment opportunities like this don't come along often, and when they do, they don't last!  (Click here to see all Commercial Real Estate listing in Northern Michigan)

"I'd like to help you buy or sell your Boyne City, Michigan commercial real estate…

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Limited Liability Company For Family Investment Basics

Posted by Brook Walsh on September 5th, 2017

One of the best uses of a limited liability company (LLC) is a vehicle for families to pool their money together to invest alongside one another. The benefits of a family pooling their money through a limited liability company come mostly from the power of an LLC operating agreement. The family LLC can invest in everything from stocks, bonds, and real estate to mutual funds and start-up businesses. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

LLC Operating Agreement 
An LLC operating agreement can be written with all kinds of provisions. For example, the operating agreement could forbid individual family members from selling their shares of the limited liability company without the permission of all other…

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Deleware Limited Liability Company Basics

Posted by Brook Walsh on September 4th, 2017

Essential Guide to Delaware Limited Liability Company Basics (2025 Update)

Discover the key aspects of forming a Delaware Limited Liability Company. Learn about structure, taxes, legal benefits, and expert tips in this essential 2024 guide.

Introduction to Delaware LLCs

What is a Delaware LLC?

A Delaware Limited Liability Company (LLC) is a flexible business entity that combines the liability protection of a corporation with the operational ease of a partnership. It’s governed by an agreement among its members (owners) and provides personal asset protection, making it one of the most popular structures in the United States.

Why Choose Delaware for Your LLC?

Delaware is widely known as the gold standard for business…

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Limited Liability Company Basics

Posted by Brook Walsh on September 2nd, 2017

In recent years, limited liability companies, or LLCs as they are frequently known, have become one of the most popular ways for investors to structure their holdings, beating out the formerly more popular limited partnership. From families pooling their money together to Fortune 500 corporations that have subsidiaries, you may have directly or indirectly invested in an LLC without knowing it. This overview was designed to help you understand what LLCs are, why investors use them, and some of the factors you may want to take into consideration before you form an LLC or invest in one.  (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

The Potential Benefits to Using a Limited Liability Company 

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Investing with A Limited Liability Company (LLC)

Posted by Brook Walsh on September 1st, 2017

Many investors have never owned a stock or bond. Instead, they have most of their net worth tied up in a family business or startup.  In the past twenty years, Limited Liability Companies, or LLCs, have become one of the most popular ways to hold ownership stakes in these types of businesses. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

There are unique benefits and protections afforded to the LLCs owners make it easy to understand why they are so highly favored.  It is essential for you, as a new investor, to understand how they work, why you should care about LLCs and some of the tax implications. (Click here to see Northern Michigan's finest collection of vacation rentals)

This…

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