absolute net lease

absolute net lease

Also called a triple net lease, in which the tenant pays rent plus all costs of ownership,such as insurance,real estate taxes,repairs,cleaning,and utilities.

References in periodicals archive ?
This portfolio is 100% occupied and operated by Colonial Oaks Master Tenant, LLC under a 15-year absolute net lease with annual rent escalators of 6.
All 154 properties are subject to an absolute net lease for 20 years with a subsidiary of Petroleum Marketing Group, a leading jobber and distributor of petroleum products and operator of convenience stores.
CVMC REIT II will assume the existing absolute net lease with AT and T Corp.
pursuant to an absolute net lease with approximately 20 years of remaining lease term and 1.
On The Border has fifteen years remaining on their recently signed absolute net lease.
AIC Ventures' real estate fund, NL Ventures VI, through an affiliate, acquired the properties and simultaneously entered into a long-term absolute net lease with Oracle.
The single-tenant industrial building is located in Santa Fe Springs, within the Mid-Counties submarket, and is 100% leased through 2019 to a single tenant under an absolute net lease arrangement.
There are over eight years remaining on the absolute net lease that expires in November 2022.
Each property included an absolute net lease with zero landlord responsibility and a franchisee guarantee.
There are six years remaining on the absolute net lease that expires September 30, 2020.
Walgreens is operating this property under a corporate-guaranteed 75-year absolute net lease that has 21 years remaining, says Doyle.