Triple-Net


Also found in: Legal.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Further, this is IIP's second real estate transaction with AWH after it acquired a 75,000 sq ft industrial facility in Illinois and signed a similar triple-net lease agreement with AWH in December 2018.
By creatively converting these operating assets to long-term triple-net leases, they now align well with our core investment thesis of diversification, best-in-class organic growth and minimal exposure to capital expenditures.
NNN predominantly invests in triple-net assets ranging in value from $2 million to $4 million.
The company seeks to grow its portfolio by acquiring additional real estate to lease, on a triple-net basis, for use in the restaurant and related food services industry.
Its strategy is to produce increasing, reliable rental revenue by expanding its portfolio and leasing its healthcare facilities to operators under long-term triple-net leases.
The totality of these leases are US dollar-denominated under a triple-net lease (NNN) structure.
Groups of small investors that are pooling their money to make investment purchases should consider buying triple-net leased properties, or properties in which the tenant pays all taxes, insurance and maintenance, she said.
There is a long-term, triple-net lease with the tenant for the approximate 40,000-square-foot building, which is situated on four acres of land.
GMRE's real estate portfolio is comprised of 84 buildings, which are primarily leased on a triple-net basis and contains over 2.1m net leasable square feet.
UWS plans to relocate its entire campus to the facility and this property is triple-net leased for a period of 15.5 years with 2.25% fixed annual rent escalations.
The investments comprise properties triple-net leased to industry-leading tenants with a weighted average lease term of approximately 20 years.
The investments comprise mission-critical properties triple-net leased to industry-leading tenants with a weighted average lease term of approximately 20 years.