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 ?
pursuant to an absolute net lease with approximately 20 years of remaining lease term and 1.
100 percent Absolute Net Lease to one of New England's dominant grocers.
On The Border has fifteen years remaining on their recently signed absolute net lease.
There are over eight years remaining on the absolute net lease that expires in November 2022.
Walgreens is operating this property under a corporate-guaranteed 75-year absolute net lease that has 21 years remaining, says Doyle.
Each property included an absolute net lease with zero landlord responsibility and a franchisee guarantee.
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.
There are six years remaining on the absolute net lease that expires September 30, 2020.
In all but three of the 25 assets, the tenant has executed an absolute net lease and is responsible for all operating costs, including structural and capital repairs and maintenance.
There are ten years remaining on this absolute net lease that expires in February 2024.
Humble Surgical Hospital is fully leased to Humble Surgical Hospital, LLC for a period of 15 years under an absolute net lease.
Pathmark has an absolute net lease for the entire building through December 2011.