52% of their properties are triple net leases which means the...

52% of their properties are triple net leases which means the tenant are responsible for all outgoing/capex and maintenance...

the remaining 48%, I would think will require little Capex, commercial leases usually don't require landlord to make huge capex, with CLW's long WALE and the quality of their buildings, I would assume capex will be very minimal.

the example you have given is when major capex are required to attract and retain tenants, this is especially required in a recession as the competition of tenants are fierce with high vacancies... this is not the case with CLW, in fact, it is the opposite..