What is a Triple Net (NNN) property?

A Triple Net (NNN) property is one in which tenants generally pay rent along with certain property expenses such as real estate taxes, insurance, and common area maintenance, as outlined in the lease agreement.

Many investors appreciate NNN properties because operating responsibilities and expenses are often shared differently than with other lease structures. However, every lease is unique, and buyers should carefully review the specific terms before purchasing an income-producing property.

If you’re considering a NNN investment, I’d be happy to help explain the lease structure and the questions worth asking before moving forward.