Triple-Net

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Triple-Net

A lease in which the tenant is responsible for costs in addition to rent. The tenant is responsible for net property taxes, net insurance, and net maintenance for the duration of the lease, which is the origin of the name. Because the tenant is responsible for costs that the lessor would otherwise pay, rent on a triple-net lease is usually lower than on other leases.
References in periodicals archive ?
The transactions offer distinct strategic benefits, the properties in the leased portfolio sale experienced high occupancy; EBITDARM declines since acquisition and the sale will eliminate the company's lowest covering triple net lease portfolio.
Triple net lease properties, such as strip centers, often benefit from a strong anchor or even a shadow-anchored presence.
How did the merger between Grubb & Ellis Company and NNN Realty Advisors affect Triple Net Properties Realty Inc.
Adam English, Principal of STREAM, commented about the sale that "the seller was pleased with the attractive cap rate achieved for the properties and the buyer was pleased with acquiring Dollar General properties under long term triple net leases located in strong markets.
on a 20-year triple net lease, with seven five-year renewal options.
Brokers from Ariel Property Advisors expects a Bronx triple net lease to move fast,
com)-- STREAM Capital Partners, a boutique net lease and sale leaseback advisory group, recently completed the sale of a single tenant triple net leased Walgreens property located in Sugar Grove, Illinois, a far western suburb of Chicago.
The site is available for triple net lease at $575,000 per year.

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