Triple net (NNN) leases are a go-to structure across commercial real estate, especially for industrial and flex properties. On paper, they’re simple: Base rent + taxes + insurance + maintenance (CAM/OPEX). Landlords like the steady return. Tenants like the transparency and control. But here’s the catch: NNN leases aren’t fixed-cost. They’re variable-cost agreements tied to…
Track the most important commercial lease dates—delivery, rent start, escalations, renewals, CAM audits, and move-out deadlines—to avoid lost rights, overcharges, and holdover penalties.
High vacancy rates, a growing wave of landlord defaults, and a lingering oversupply of office space have created a rare market moment: corporate tenants can often secure better buildings on better terms—sometimes for less than they’d have paid years ago.
But there’s a catch. Distressed assets are a major risk and navigating this environment should not be taken lightly for tenants. To make it more difficult, they’re not waving a white flag announcing the trouble. There can be real risk hiding behind an address. This includes the landlord’s broader debt exposure, watchlist status, and cross-collateralized loans that can drag “healthy” properties down with “sick” ones.
Learn how the SNDA subordination, non-disturbance and attornment agreement protects a tenant’s leasehold interest when a commercial lender forecloses on a leased property.
Discover the modern sublease risks corporate tenants face and how to negotiate stronger rights, avoid costly traps, and protect portfolio flexibility.
Triple net leases look simple—until age, OPEX, and volatility reshape the math. See why lifecycle visibility matters more than rent.
