A commercial lease structure where the tenant pays property taxes, insurance, and maintenance on top of rent.
A triple net lease (NNN) is a commercial lease arrangement where the tenant pays not only base rent but also the property taxes, insurance premiums, and maintenance costs of the property. This shifts most operating expenses from the landlord to the tenant, providing the landlord with predictable, low-risk income. NNN leases are common in retail, freestanding restaurants, and industrial buildings.
A national pharmacy chain signs a 15-year NNN lease at $45,000 per year. They also pay the property's $8,000 annual taxes, $2,500 insurance, and all maintenance directly. The landlord receives $45,000 with virtually no operating expenses, making the income highly predictable.
Richify automatically calculates triple net lease (nnn) and other key real estate metrics for every property in your portfolio. Instead of plugging numbers into spreadsheets, you get instant analysis with built-in AI-powered insights to help you spot trends and opportunities across your holdings.
Annual rental income minus operating expenses, before mortgage payments.
A property's annual net operating income as a percentage of its purchase price.
The percentage of gross rental income consumed by operating expenses.
The net cash a rental property generates after all expenses including mortgage payments.
Stop calculating real estate metrics by hand. Richify computes triple net lease (nnn) and 10+ other key metrics for every property in your portfolio.
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