What is a Triple Net (NNN) lease?
Category:
Commercial Leasing – Tenants & Owner-Users
A Triple Net (NNN) lease generally requires the tenant to pay base rent in addition to a share of certain property operating expenses, which commonly include property taxes, insurance, and common area maintenance (CAM).
NNN leases are widely used in commercial real estate because they help allocate property operating expenses between the landlord and tenants.
Understanding your total occupancy cost—not just the base rent—is one of the most important parts of evaluating any commercial lease.