NNN

NNN in real estate refers to "Triple Net Lease," a leasing agreement where the tenant is responsible for paying not only the rent but also the additional costs associated with the property, including property taxes, insurance, and maintenance expenses. This arrangement shifts many operational costs from the landlord to the tenant, providing predictable income for the landlord and potentially lower rent rates for the tenant. NNN leases are common in commercial properties like retail stores and warehouses, offering clarity and ease of management for property owners while ensuring the property is well-maintained.