Web2012 Construction. 5,896 +/- SF Building on 2.30+/- Acre Site. 5 Years Remaining on 15-Year Absolute NNN Lease w/ (7) 5-Year Options to Renew. Excellent Signalized, Hard Corner … WebTriple net lease Also known as a net-net-net lease, an NNN agreement or triple net lease means the tenant pays rent and all additional expenses. A triple net lease example is a tenant who pays for the taxes, insurance premiums and maintenance for the property.

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WebBase Rent: 2,000 SF x $24 per SF = $48,000 per year or $4,000 per month. Triple Net: 2,000 SF x $8 per SF = $16,000 per year or $1,333 per month. Total rent would be $5,333 per month; with the Triple Net being $1,333 per month. * Some states such as California break down their lease rates by price per SF per month. nzxt phantom led automatic

What Is a Net Lease in Commercial Real Estate? - Indeed

Webtriple net lease: n. a lease in which the lessee's (tenant's) rent includes a share of real property taxes, insurance and maintenance as well as the basic rent. A "triple-net-lease" is … WebTrip lease. definition. Trip lease means a lease of vehicle (s) to a carrier ( lessee) for a single interjurisdictional movement. The term may also include a similar intrajurisdictional movement where such movement is authorized under the laws of the jurisdiction. Trip lease means lease of a vehicle to a lessee for a one trip operation only. WebJan 18, 2024 · A triple net lease (NNN) is a type of commercial real estate agreement that requires the tenant to pay rent plus three other associated costs: property insurance, property taxes, and maintenance. NNN leases provide real estate investors peace of mind by reducing their liability while giving tenants greater control over the property and its ... maharishi school fairfield ia