How Long Is The Typical Lease Term For Triple Net Leases?
The typical lease term for Triple Net Leases (NNN) can vary depending on the agreement between the landlord and the tenant. Generally, NNN leases are long-term leases that can range from 10 to 25 years or more. However, it is not uncommon to see shorter lease terms, especially for smaller properties or when a tenant is just starting out. Ultimately, the length of the lease term will depend on the specific circumstances of the property and the tenant's needs.
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