resturant lease

typically, what kind of lease does a landlord tenant signs. Is gross or net lease?
In General Area - Asked by Shareef S. - Aug 7, 2010
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Answer(s)

Jake E.
Broker/Agent
Scottsdale, AZ

NNN

Aug 9, 2010
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Dorene S.
Broker/Agent
Torrance, CA

All of mine for Restaurant are NNN leases.

Aug 9, 2010
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Tjader G.
Broker/Agent
Novi, MI

If it's a freestanding building, and I am the landlord, I would further prefer an Absolute Net lease if possible.

Aug 10, 2010
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Bob M.
Broker/Agent
Las Vegas, NV

An exception to the NNN would exist if the restaurant is within a food court.

Aug 10, 2010
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Robert D.
Broker/Agent
New York, NY

In New York City - specifically Manhattan, we normally negotiate a 10 - 15 year lease term where the tenant pays the negotiated base rent, a pro - rata share of Real Estate tax increases over a base tax year, their own electric and and annual rent escalation usually around 3% p/a.
Hope this helps - Rob Dalton

Aug 11, 2010
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