NNN Lease Estimator
Calculate total occupancy costs for a Triple Net (NNN) lease including base rent and all pass-through expenses.
NNN Expenses ($/SF/Year)
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Frequently Asked Questions
Who pays for the roof in a NNN lease?
In a true "Absolute NNN" lease, the tenant pays for everything including roof and structure. In a standard NNN, the landlord might still be responsible for roof/structure (NN).
What is the difference between NNN and Gross leases?
In a Gross lease, the landlord pays expenses out of the rent. In NNN, the tenant pays base rent PLUS all operating expenses (taxes, insurance, maintenance).
Are management fees included in NNN?
Usually yes. CAM (Common Area Maintenance) charges often include a management fee percentage passed through to the tenant.
How do NNN leases affect Cap Rate?
NNN properties (like Walgreens or McDonald's) trade at lower cap rates because they are "passive" investments requiring little landlord effort.
What is a "Bondable" lease?
A chemically pure NNN lease with an investment-grade tenant that essentially acts like a corporate bond, with no landlord responsibilities whatsoever.