What does NNN mean in NYSE SYMBOLS

A Commercial Net Lease Realty (NNN) is a type of real estate investing involving the purchase and ownership of commercial properties, where the tenant typically pays for most or all operating expenses.

A NNN lease involves the tenant paying a flat or percentage rent each month as well as covering expenses such as taxes, insurance, utilities, and maintenance costs. The tenant also typically holds full responsibility for any improvements or repairs needed on the property.

An NNN lease offers cash flow stability due to fixed rent payments, as well as minimal management responsibilities for the investor since all operating costs are covered by the tenant. Additionally, there is often limited liability with this type of leasing since any damages done to the property by tenants are not liable to be paid by investors.

Both tenants and landlords benefit from an NNN lease structure. Tenants benefit from reduced overhead costs and more predictable budgeting since they pay only one fee instead of having to cover multiple bills each month. Investors have potential tax advantages due to their ability to deduct certain expenses such as repairs against their income when filing taxes while also enjoying reliable returns on investment due to reduced risk caused by having contracts in place that protect their rights relative to tenants.