What is a Triple Net Lease?

A Triple Net Lease, commonly referred to as simply the letters NNN, is a lease where the landlord receives rent net the three major expenses often associated with owning real estate. These expenses are paid by the tenant.  

What are the three net expenses?

The three net expenses are Common Area Maintenance (think hallways, elevators, lobbies, etc.), Property Taxes, and Property & Liability Insurance. 

Why invest in NNN Leased Properties?

By the tenant paying the three nets, the landlord receives monthly rent checks with significantly less responsibilities than what would normally be expected of a real estate investor and owner. Simply put, you receive the same returns as a traditional real estate investment, but with less work.