WHAT IS A NNN LEASE? | WHAT IS NNN? | WHAT IS TRIPLE NET?


A NNN lease contains a provision for the tenant to pay, in addition to the tenant’s base rent, certain costs associated with operating the property. Each “N” or “Net” stands for Property Taxes, Insurance and Operating Expenses. Operating Expenses are often also referred to as CAM – Common Area Maintenance, and are the expenses it takes to run the property, such as repairs and maintenance, trash removal, snow removal, landscaping, parking lot maintenance, property management, exterior lighting and more.


For many, a real estate investment is at its best when its hands-off, low risk, and produces a steady income.

For investors who think this way, they’re not interested in the day-to-day work of property management. These are often people with a career’s worth of capital and experience. They’ve done the difficult task of growing their business or portfolio.

They want to relax, freeing themselves of the responsibility to make improvements, oversee repairs, and pay monthly bills:

• Entrepreneurs ready to divest themselves of their business
• Real estate investors looking to sell the property they actively manage
• Anyone who wants to invest in a safe, high-yield, no-hassle commercial real estate property
• Individuals looking to pass on their stable investments, wealth and income to subsequent generations. Investors like these may be ready for a triple net (NNN) investment property.

Dan Landis has the knowledge and experience to help investors in either the sale or acquisition of investment real estate. If you are interested please contact our office for more information.