What does $24 NNN mean?

Written by Editorial Team | Last Updated: August 2026

In commercial real estate leasing terminology, the designation $24 NNN means that a tenant is required to pay a base rental rate of twenty-four dollars per square foot annually, plus triple net (NNN) operating expenses. These additional net costs include the tenant's proportionate share of building property taxes, property insurance premiums, and common area maintenance (CAM) or operational upkeep fees. This pricing structure gives landlords a predictable, fixed net income while transferring operational cost burdens directly to the commercial occupant.

Related FAQs

NNN REIT, Inc. does not pay a monthly dividend; instead, it distributes cash dividend payouts to its shareholders on a regular quarterly basis (four times per year).

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NNN REIT is widely viewed as a great investment for conservative, income-oriented portfolios focused on long-term capital preservation and growing dividend streams.

NNN REIT, Inc. (formerly known as National Retail Properties, Inc.) is a fully qualified Real Estate Investment Trust listed on the New York Stock Exchange under the ticker symbol NNN.

Real estate investment trusts that distribute dividends on a monthly schedule often adjust their payouts based on portfolio performance, operating FFO, and asset yields.

Noble Corporation plc distributes regular quarterly cash dividend payments, alongside occasional special cash dividends, to its eligible equity investors.

NNN REIT, Inc. (NNN) operates as a specialized real estate investment trust focusing on single-tenant retail properties leased on a triple-net basis, meaning tenants cover taxes, insurance, and maintenance costs.

NNN REIT, Inc. is widely considered by real estate analysts and financial advisors to be a safe, conservative investment option within the equity real estate investment trust universe.

Evaluating whether a price-to-earnings ratio of 40 is good or bad depends heavily on the specific industry sector and the growth trajectory of the underlying company.

NNN REIT, Inc., trading under the ticker NNN, operates as a real estate investment trust focused on the acquisition, ownership, and development of high-quality retail properties leased on a triple-net basis across the United States.

Real Estate Investment Trusts (REITs) leverage a structural corporate tax loophole and statutory provision enabling them to bypass federal corporate income taxes entirely provided they distribute at least ninety percent of their taxable income to sha...

The dividend payout from NNN REIT is widely regarded by market analysts as exceptionally sustainable and secure.

Investing in triple net lease (NNN) commercial real estate properties carries specific financial, tenant, and market risk factors.

Determining whether Realty Income stock is worth buying depends on an investor's specific focus on fixed-income alternatives and dividend stability.

Wall Street equity research analysts generally classify NNN REIT as a "Buy" or "Moderate Buy" rather than an aggressive "Strong Buy.

As of July 24, 2026, Noble Corporation PLC has a market capitalization of approximately 6.91 billion US dollars.