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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 ...
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.).
It leases its properties to over 375 tenants in 37 lines of trade (all retail-related) with an average remaining term of 10 years. Its top tenant lines of trade are: Automotive service (16.8% of ...
Its portfolio produces very stable cash flow because it focuses on owning single-tenant properties net leased to the world's leading companies. Those leases require that tenants cover all ...
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
Roughly 73% of Realty Income's rent roll comes from single-tenant, triple net lease retail assets. Triple net leases require tenants to pay for most property-level operating costs such as taxes ...
"N" stands for "Net", is pronounced "Single Net" and represents the property tax expense, which the tenant is responsible for paying in addition to operating expenses, in a single net lease. Unlike double and triple net leases, the landlord/lessor remains responsible for paying any insurance and maintenance expenses (i.e. in a single net lease ...
NNN REIT focuses on owning freestanding retail properties net leased to growing retailers. That lease structure requires tenants to cover all operating costs, including routine maintenance, real ...