How Do You Calculate Triple Net Lease?
In a Net Lease, the tenant pays for the standard rent and utilities, plus one of the three “nets” – either insurance, maintenance or taxes. Similarly, a Double Net lease sees the tenant responsible for two of these three.
Who is responsible for triple net in strip malls?
For example, if the tenant is located in a strip mall renting 10,000 square feet, while their space is only 1,000 square feet, the tenant would be responsible for 10% of the NNN expenses. Even though the tenant pays for the triple-nets through their monthly rent, the landlord will be the one actually making the payments.
How many NNN properties are in New York?
To filter your NNN Properties search down to county or city, you may select your desired county on the right, or you may start a new search above for access to more listings for sale. Below are 140 New York NNN Properties listings currently available for Sale.
