A triple net lease (Net–Net–Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three “Nets”) on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
These properties are single tenant investment that gives you total fee simple ownership of a commercial property, which is pre-leased to a high credit retail tenant on a long -term basis.
There is no management obligation for you as an owner. Tenant is responsible for all costs to operate and maintain the property.
NNN leased property can also be an excellent replacement property in completing a 1031 exchange transaction.
If you are looking to maximize your ROI, I would love to meet with you to discuss NNN properties in further detail.