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ONLINE LETTERS OF INTENT LOI Return User Update: Property Update: LOI Type: Investor From: Upland One, LLC Company: Upland One, LLC Phone: 6123326600 Email: teamnnn upland.com Tenant Name: Walgreens.

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NNN – Triple Net –This type of lease rate includes the base rental rate plus the three N's. One “N” stands for property taxes, one for property insurance, and the final “N” stands for common area maintenance (CAMs).

Pros of NNN Investing: Fixed Income, Long-Term Investment and Low risk. The fact that the tenant is responsible for paying all the property expenses (such as insurance, maintenance and taxes), takes a huge burden off the landlord to cover expenses, including any unexpected expenses or price increases.

NNN stands for net, net, net. It means that the tenant pays most of the expenses. They pay the rent fees plus property taxes, property insurance, and CAM, or common area maintenance. The NNN fees are added onto the base rental fee, which is usually calculated as a dollar-per-square-foot number like $15.

The Best NNN Properties 2023 Retail essentials: dollar stores, drug stores, auto parts stores, gas stations, convenience stores. Fast-food & QSRs: KFC, Taco Bell, Dunkin', Starbucks. Auto parts & Collision: AutoZone, O'Reilly Auto Parts, Firestone. Medical & Veterinary clinics: DaVita, Fresenius, Aspen Dental.

Commercial spaces may be advertised as “$12/psf NNN” meaning $12 per square foot is the base rent and the NNN expenses will be in addition to that. CAM, or common area maintenance, is one of the three NNN Expenses that commercial tenants pay for as additional rent.

How is the NNN Lease Calculated? NNN leases are computed by multiplying the total annual property taxes and insurance for the area by the entire rental square footage of the building.

Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.

What is a triple net (NNN) lease? The triple net lease is the most common type of lease you'll encounter when searching for commercial real estate. This type of lease requires the tenant of a property to pay for three net costs on top of their base rent. Those costs are taxes, maintenance, and insurance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232