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What does NNN mean in a commercial lease?
NNN means “triple net”: generally property taxes, building insurance and maintenance expenses paid in addition to base rent. The lease determines your actual obligations.
Clear explanations for business owners, landlords and investors. Start with the question in front of you.
NNN means “triple net”: generally property taxes, building insurance and maintenance expenses paid in addition to base rent. The lease determines your actual obligations.
A practical guide to comparing estimated operating charges with actual expenses, with a simple example and questions to ask about your lease.
October 4, 2026
A cap rate connects a property’s operating income to its price. Understanding the income behind the number is what makes the comparison useful.
October 4, 2026