Bondable Net Lease

What does Bondable Net Lease mean in American Law?

The definition of Bondable Net Lease in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A long term, unconditional, totally net lease, the tenant under which has a credit rating so high that a lender to the lessor feels secure in advancing money against the likelihood that it will be repaid out of the rent. Since such a lease is almost equivalent to a high-rated corporate bond, the lender”s interest charge is often lower than that normally applicable to commercial mortgages.