How much is Nissin worth?
A Triple Net or NNN lease is a common commercial real estate structure where the tenant pays base rent plus three specific operating expenses: property taxes, insurance, and common area maintenance. To determine the monthly NNN amount, landlords typically estimate the total annual cost for these three categories, divide that sum by the total rentable square footage of the property to get a cost per square foot, and then divide by twelve to reach a monthly per-square-foot rate. For example, if a space has an NNN cost of 8 dollars per square foot annually and you lease 2,000 square feet, the annual NNN expense is 16,000 dollars. Dividing this by twelve results in approximately 1,333 dollars per month for the NNN portion. Because NNN costs are tied to the actual operating expenses of the property, they can fluctuate each year, and tenants are typically billed for these costs as a secondary component to their base monthly rent, providing the landlord with reimbursement for the ongoing costs required to manage, maintain, and insure the building.
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