triple net lease


Also found in: Financial.

triple net lease

n. a lease in which the lessee's (tenant's) rent includes a share of real property taxes, insurance and maintenance as well as the basic rent. A "triple-net-lease" is standard in leases of commercial property in shopping centers and malls. (See: rent, lease)

Mentioned in ?
References in periodicals archive ?
Carey has entered into a new triple net lease agreement with the Astellas Institute for Regenerative Medicine for W.
Closing is expected in 1Q17, at which time the current tenant, Great Bend Regional Hospital, LLC, is expected to enter into a 15-year triple net lease with GGMR expects to fund this acquisition using borrowings from the company's credit facility or other available cash.
The property is 100% occupied by Walgreens under a long term triple net lease with approximately 23 years of term remaining on the lease.
At the other extreme is the triple net lease in which the tenant is responsible for all costs including building upkeep.
Simultaneous with the purchase, the Company entered into a 12-year triple net lease with a third party operator.
As interest rates rise, the value of your triple net lease property may decline, this is especially important when using a triple net lease property in a 1031 exchange, while looking for another property to exchange into.
Thus, a triple net lease of property under which the lessee is responsible for all costs of operation would not be net earnings from self-employment.
Through the partnership, Sovereign helped facilitate Rite Aid's store development program by acquiring newly developed assets leased back to Rite Aid under a 20-year triple net lease.
on a 20-year triple net lease, with seven five-year renewal options.
The site is available for triple net lease at $575,000 per year.
The triple net lease has an initial term of 15 years and provides 3 renewal terms of 5 years each.
The single tenant, Bank of America, has a 20-year triple net lease on the property with additional option periods for extension.

Full browser ?