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Old 12-17-2008, 03:59 PM
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In commercial lease jargon, what do listings mean when they say "Rate per SF = $XX(whatever the number)/NNN" What is NNN? Also, is this typically monthly or annually?
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Old 12-17-2008, 04:05 PM
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NNN == "triple net lease" triple net lease Definition

Makes the sq ft look like not as good a rate ...

Most common is to quote the rate as a MONTHLY amt.

More fun: http://en.wikipedia.org/wiki/Net_lease#Bondable_lease

This is the "secret sauce" that some "kings of finance" foist upon the retailers they take over.
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