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                                                                   EXHIBIT 10.10
                                                                   -------------

                                 FIRST AMENDMENT
                                       TO
                               ADVISORY AGREEMENT


         THIS FIRST AMENDMENT ("Amendment") to the Advisory Agreement, dated as
of February 22, 2000 (the "Advisory Agreement"), between T REIT, Inc., a
Virginia corporation (the "Company"), and Triple Net Properties, L.L.C., a
Virginia limited liability company (the "Advisor"), is made effective as of
February 22, 2001. Capitalized terms not otherwise defined herein shall be
defined in accordance with the Advisory Agreement.

                                    RECITALS
                                   --------

         WHEREAS, the Company and the Advisor entered into the Advisory
Agreement as of February 22, 2000 for a term of one (1) year, subject to
successive one-year renewals with the written mutual consent of the parties,
including approval of a majority of the independent directors of the Company;
and

         WHEREAS, the Company and the Advisor desire to extend the Advisory
Agreement for an additional term of one (1) year, subject to successive one-year
renewals as set forth in the Advisory Agreement.

         NOW, THEREFORE, in consideration of the mutual covenants set forth
herein and other good and valuable consideration, the Advisory Agreement is
hereby amended as follows:

                                   AGREEMENT
                                   ---------

1.       Amendments.  Section 16 of the Advisory Agreement is amended to state
         ----------
as follows:
                  16.      Term; Termination of Agreement.

                  This Agreement will continue in force until February
         22, 2002, subject to successive one-year renewals with the
         written mutual consent of the parties, including the approval
         of a majority of the Independent Directors .

                  Notwithstanding any other provision of the Agreement
         to the contrary, either the Company or the Advisor may
         terminate this Agreement, or any extension hereof, or the
         parties by mutual consent or a majority of the Independent
         Directors may do so, in each case upon 60 days written notice
         without cause or penalty. In the event of the termination of
         the Agreement, the Advisor will cooperate with the Company
         and take all reasonable steps requested to assist the Board
         of Directors in making an orderly transition of the advisory
         function.

                  If this Agreement is terminated pursuant to this
         Section, such termination shall be without any further
         liability or obligation of either party to the other, except
         as provided in Section 19.

                  If this Agreement is terminated for any reason other
         than the listing of Shares as contemplated in Section 12, all
         obligations of the Advisor and its Affiliates to offer
         property to the Company for purchase, as described in Section
         2(a), shall also terminate.

2.       Ratification.  Except as modified hereinabove, the Advisory Agreement
         ------------
is ratified and reaffirmed in its entirety.

3.       Counterparts.  This Amendment may be executed in counterparts
         ------------
(including facsimile  counterparts),  all of which taken together shall
constitute one document.
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WITNESS the following signatures:


COMPANY:                   T REIT, Inc.,
                           a Virginia corporation

                           By:     /s/  Anthony W. Thompson
                                   ------------------------------
                                   Anthony W. Thompson, President



                           By:     /s/  Warren H. James
                                   -------------------------------------
                                   Warren H. James, Independent Director



                           By:     /s/  James R. Nance
                                   ------------------------------------
                                   James R. Nance, Independent Director



ADVISOR:                   Triple Net Properties, L.L.C.,
                           a Virginia limited liability company


                           By:     /s/  Anthony W. Thompson
                                   ---------------------------------
                                   Anthony W. Thompson, President