2nd October 2019

propertymetrics
15

How does NNN work?

A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. The triple net or NNN lease is considered a “turnkey” investment since the landlord is not responsible for paying any operating expenses.

Similarly one may ask, what does $18 NNN mean?

For example, if you have an property listed by a broker with a $18NNN this means that the base rent to use the space is $18/sq. ft. plus, the tenant pays all operating expenses. Once again, NNN is referred to as Triple Net and typically means all operating expenses are paid by the tenant.

How do you calculate NNN?

Calculate your space rental costs for properties quoting Yearly Rates. For example it could be a gross rate of $24 SF or a Triple Net (NNN) rate of $12 Base + $8 NNN. If estimated operating expenses are included in the base rate (gross rate) then leave as $0.

What does NNN mean in a text?

Normal No Noobs (gaming community, Worms World Party) showing only Slang/Internet Slang definitions (show all 12 definitions) Note: We have 72 other definitions for NNN in our Acronym Attic. NNMRR. NNMRRP.
Write Your Answer

Rate

100% people found this answer useful, click to cast your vote.

5 / 5 based on 2 votes.

Bookmark

Press Ctrl + D to add this site to your favorites!

Share