$10.00 psf/yr NNN does not include the NNN fee (CAM in some areas). The NNN lease typically puts responsibility for some maintenance directly on the tenant. Other expenses associated with the property are paid for by the landlord and charged back to the tenant through the NNN/CAM fees. These fees are usually quoted as an estimate for the year. Any discrepancies in the estimated amount at the end of the year result in the tenant either receiving a refund or an invoice for the underestimated amount.
Jul 24, 2014