A commercial lease where the tenant pays taxes, insurance, and maintenance on top of base rent.
NNN shifts the operating cost risk to the tenant, which is why base rents look lower than gross leases. Compare total occupancy cost, not the headline rate.
Example: $24/sq ft base + $8.50/sq ft NNN charges = $32.50 all-in.
FAQ
What is Triple Net Lease in simple terms?
NNN shifts the operating cost risk to the tenant, which is why base rents look lower than gross leases. Compare total occupancy cost, not the headline rate.