NNN - Triple Net Lease Structure
Tenant pays rent plus their pro-rata share of utilities, property taxes, insurance, repairs and maintenance, management, janitorial, etc. etc. These are usually estimated and then quoted to potential tenants on a per square foot per month or per square foot per year basis. In our neck of the woods a common NNN charge is around $0.40/SqFt/month for retail.
Aug 3, 2009