Triple Net Purchase Formula
Description
How to fill out Triple Net Lease?
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FAQ
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.
Triple nets are typically calculated by projecting the total amount of expenses for the coming year, dividing it by the total rentable square footage of the building, and then dividing that by 12.
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).
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.