The current lease term negotiated is 20yr triple net. 

He owns so many of the buildings there with triple net leases..

If you have triple net leases, your tenants are already bearing the major brunt of inflation, why should their base rent go up as well?. 

If not then, in some state, this will cause you to lose any claim against their security deposit and subject you to double or triple damages. 

I usually look at residential properties but a few weeks ago a single tenant triple net leased property became available.Going cap rates in the area are 6% and this property is at 10%.

If the property owner is located out of state, the landlord must also designate an in-state agent to accept service of process.In Franklin County, Auditor Clarence Mingo recently announced that he would triple the penalty for non-compliance to the maximum allowed by law.From the Columbus Dispatch:Tired of absentee and other landlords not registering their properties, as required by law, Franklin County Auditor Clarence Mingo will be raising the fine for not registering to its maximum level.

I have seen some smaller MFR double and triple in price in the last 8-12 years in Salt Lake county. 

To have assets that have zero money invested in them that pay you every month, build in equity, build in appreciation is the triple threat that real estate investing can offer!

We had a cheap accountant early on & when our business started to triple in size the accountant couldn't handle the complex growth, boy did we pay for it.

Triple Net leases are worth their weight in gold.