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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Another variation of the NNN lease is the NN lease, or "Net-Net" lease, which is pronounced "double net" where the "net" amounts generally are property tax and insurance. [1] Double net leases, like triple net leases, are usually, though not always, single-tenant arrangements. However, the landlord carries some extra financial maintenance ...
American Realty Capital's planned spin off, ARCenters, will own 69 multi-tenant shopping center properties. Since triple net lease properties are normally single-tenant, this split doesn't feel ...
The “triple net” lease would make Costco responsible for all expenses, including maintenance and other costs such as leasehold excise taxes, which are paid in lieu of property taxes.
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements.. It is organized in Maryland with its principal office in Orlando, Florida. [1]
In commercial real estate there are two different categories of leases: gross leases and net leases. A gross lease is where the tenant pays a flat fee to the owner of the building and the owner is ...
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