What does NNN mean?

NNN is a “Triple Net Lease” agreement where the tenant is responsible for paying property taxes, insurance, maintenance costs, and base rent. This structure is typical in commercial real estate and is often favored by investors for its predictable income stream.  

Why It Matters: 

• For Tenants: You’ll want to budget for more than just rent- your monthly costs will include taxes, insurance, and maintenance 
• For Investors: NNN leases are attractive because they offer predictable income with fewer landlord responsibilities.  

FAQs: 

• Is NNN the same as a gross lease? No. In a gross lease, the landlord typically covers most expenses. 
• Are NNN leases negotiable? Sometimes. Terms can vary by property and market.