This document provides an overview of triple net lease (NNN) real estate investments. It defines NNN properties as those where the tenant is responsible for all operating expenses and management duties. NNN investments offer appealing features like income generation, capital appreciation, inflation protection, and positive cash flow from day one. High quality NNN deals involve strong locations, creditworthy tenants, and well-designed facilities. Common industries that utilize NNN leases include retail, restaurants, medical offices, and childcare facilities. The document also describes sale-leasebacks, build-to-suits, 1031 exchanges, and how NNN properties fit within exchange strategies.