Triple Net (NNN)
A triple net
lease (triple-net or NNN) is a lease structure where the tenant pays all the expenses of the space, including property taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Sparkling new steel-and-glass mixed-use development unveiled in the heart of Williamsburg Brooklyn, with five floors of divisible Retail and Office space-for-lease, featuring triple-glazed floor-to-ceiling windows, high ceilings, and non-stop foot traffic from the JMZ Express subway and bus terminal across the street. Located at the intersection of where 'old-meets-new' in Williamsburg: Peter Luger's, Patricia's, and the Williamsburg Bridge are a couple blocks West, and the white-hot and trendy Bedford Avenue is a short walk North.
Triple Net (NNN)
A triple net
lease (triple-net or NNN) is a lease structure where the tenant pays all the expenses of the space, including property taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.