what does nnn mean in real estate

Best answer


渢riple net lease

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  • What is an nnnn?

  • NNNs are just one type of commercial property net lease. A single net lease requires tenants to pay property taxes in addition to rent, and a double net lease typically tacks on property insurance. Key Takeaways

  • What does NNN mean when renting commercial real estate?

  • What Does NNN Mean When Renting Commercial Real Estate? When renting commercial real estate whether it be office space, retail space, or warehouse space most owners will use a triple net lease (seen as NNN).

  • What is a triple net lease (NNN)?

  • When renting commercial real estate whether it be office space, retail space, or warehouse space most owners will use a triple net lease (seen as NNN). NNN stands for net, net net which are the property’s operating expenses (taxes, insurance, common area maintenance fees) that the owner passes through to tenants.

  • How much does it cost to rent a house at NNN?

  • The total yearly rent you would pay equals $40 sf per year. So if you are leasing 3,000 sf then your yearly rent would be $120,000 or $10,000 per month. Have Questions About NNN Leases?

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