What is a Triple Net Lease?

A Triple Net Lease (NNN) shifts responsibility for property taxes, insurance, and maintenance to the occupant, reducing owner expenses.

Key Points:

• Lower Base Rent: Occupants cover additional costs.
• Popular in Commercial Use: Common in retail or office spaces.
• Long-Term Commitment: Leases often extend for years.
• Predictable Costs: Owners have minimal financial burdens.

Triple Net Leases benefit owners seeking steady income with limited oversight.