WebAug 5, 2024 · Triple net leases are traditionally found in retail and standalone properties. However, in recent years, the triple net lease structure is also finding its way into office and industrial, too. NNN stands for the three “nets” in the lease: Common area maintenance (CAM) Property taxes Building insurance WebApr 14, 2024 · Freestanding, single tenant office building for lease at 15001 North 74 th Street in Scottsdale, Arizona. This fully furnished, Plug and Play space consists of ±9,080 square feet. Lease rate is $19.50 per square foot plus Triple Net …
Triple Net Lease Practical Law
WebApr 14, 2024 · Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building. 4. Modified Gross: … WebApr 11, 2024 · Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building. 4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay ... sew eurodrive hostivice
What is CAM (Common Area Maintenance) Reconciliation?
WebApr 13, 2024 · Investment Type Net Lease. Lease Type NNN. Tenant Credit Franchisee. Brand/Tenant Arby's. Square Footage 2,350. Price/Sq Ft $425.53. Cap Rate 4.20%. NOI $42,034. Units 1. Year Renovated 2024. Rent Bumps 10% Every 5 Years. Sale Condition For sale by owner. Marketing Description · Long term NNN lease with Arby’s. ... WebHere are 5 key things you should know about lease service type triple net. 1. In a Triple Net lease, the Tenant Absorbs Most of a Property’s Operating Costs Into Their Business Expenses. A triple net lease, also known as an NNN lease, is an agreement between a property owner and a tenant where the tenant absorbs (in addition to an agreed upon ... WebJan 18, 2024 · A triple net lease, also known as an NNN lease, is a common lease agreement in the commercial real estate industry. As its name suggests, a triple net lease … sew-eurodrive inc