triple net lease

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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)

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References in periodicals archive ?
Also, concurrent with the closing of the purchase, IIP further signed into a long-term, triple-net lease agreement with a subsidiary of Ascend Wellness Holdings LLC (AWH), which will operate the property as a licensed medical-use cannabis cultivation and processing facility, post redevelopment.
The properties will be triple-net leased by Extra Space Storage for a period of 25 years.
The ratings reflect NNN's disciplined investment focus on single-tenant retail real estate and predictable cash flows in excess of fixed charges generated from a granular triple-net leased property portfolio.
The two net-leased properties are occupied under individual triple-net leases with new 20-year terms, negotiated by FCPT prior to closing.
The company said it had signed a purchase contract to buy a 27,280 sq ft cardiac clinic on 5 June 2017 and that it was going to sign a new, 12-year, triple-net lease with the Lubbock Heart Hospital.
The portfolio is comprised of Class A properties with 99% occupancy levels, where the totality of the lease contracts are US dollar-denominated and under a triple-net lease (NNN) structure.
Owners of low-cost properties can make a nearly 10 percent annual return for their money if they buy a property under a triple-net lease scenario, said Marilyn Kane, managing director at Sperry Van Ness/Butler Kane, one of six speakers on a panel organized by the real estate-focused NYC Network Group.
Best Buy has a long-term triple-net lease on the approximately 45,231-square-foot building, which is located on a 4.6 acre land parcel.
Appeals classifies FLPs holding assets such as cash, marketable securities, closely held stock and real estate (triple-net lease) as passive-asset FLPs.
The IRF Portfolio is comprised of four inpatient rehabilitation facilities aggregating 207,204 square feet and leased to leading healthcare providers under long-term triple-net leases.
The company said that the investments consist of mission-critical properties triple-net leased to tenants with a weighted-average lease term of 15 years and more.