From an owner’s perspective, the Triple Net Lease (NNN) is often viewed as the gold standard as the tenant pays rent as well as real estate taxes, insurance, utilities and maintenance costs. These leases are commonly used for commercial buildings with a single tenant.
When considering a NNN lease, it is crucial that one works with experienced counsel who is familiar with all aspects and risks associated with these leases.
Our leasing team has handled NNN leases in New York and throughout the country and has seen every variation often involving prominent fast food chains and pharmacies as well as other major players.
