What is $12 NNN?

What is $12 NNN?

Commercial spaces may be advertised as “$12/psf NNN” meaning $12 per square foot is the base rent and the NNN expenses will be in addition to that. CAM, or common area maintenance, is one of the three NNN Expenses that commercial tenants pay for as additional rent.

What does $12 SF NNN mean?

This means that the rent is $30 per square foot per year PLUS the NNN. The estimated operating expenses (aka NNN) are $10 per square foot per year. The total yearly rent you would pay equals $40 sf per year. So if you are leasing 3,000 sf then your yearly rent would be $120,000 or $10,000 per month.

What does sq ft NNN mean?

For example, a landlord advertises a rent of $30 NNN per sq. ft. The NNN indicates that it’s a triple net lease. Therefore, the base rent amount per year for a 1,000 square foot space is $30,000 a year or $2,500 a month.

How do you calculate net lease?

Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.

What does $9.00 SF yr mean?

Meaning of $/SF Year in the Commercial Rental Industry In the commercial leasing industry, $/SF/year or $/SF/yr means the rent per square foot per year. Why is this important? This is because most commercial rental rates are usually quoted in dollars per square foot on an annual basis.

What is NNN TikTok?

NNN is an acronym that stands for “No Nut November.” If you’re wondering what that means, it’s basically a viral challenge that trends on social media every year and revolves around abstaining from sex and self-pleasure for the whole month of November.

What does NNN stand for TikTok?

Some users on TikTok and other social media platforms may have noticed the abbreviation “NNN” floating around on the platform and wondered what it means. As it turns out, this acronym is short for No Nut November, and it’s another month-long trend that asks men to make a sacrifice.

What does 15 SF NNN mean?

For example say you find Austin commercial real estate quoted as $14 NNN. This means that in addition to the $14 sf yearly rate the Tenant is also responsible for paying the NNN (taxes, insurance, and maintenance fees).

What does $19.00 SF yr mean?

Let’s say you receive a quote of $20/SF/year for a 1,000 square foot space. This would be calculated as $20 x 1000 square feet = $20,000 total (this is the cost for the total year).