Triple net lease REITs are a favorite for many income investors. Several have offered steady dividend growth over a period of many years. Many have a relatively simple business model and strong margins. Their long lease terms provide additional appeal for investors because it reduces exposure to a recession. Tenants who are locked in on rental terms will have to make it work unless they are willing to go into bankruptcy and wipe out their own common shareholders. The triple net lease REIT can still lose with the wrong tenant, but they’ve created a significant