01/26/2026
🚨 Let’s Talk Industrial Real Estate—My Absolute Favorite Asset Class 🚨
Commercial Real Estate can feel overwhelming, especially for first-time tenants, and one of the most common areas of confusion is lease structure!
In industrial real estate, there are three primary lease types:
• Net 👎
• Double Net (NN)
• Triple Net (NNN)
And today, we’re breaking down the most common one you’ll see in industrial properties: the Triple Net (NNN) lease!!!
A NNN lease means the tenant is responsible for:
✔️ Property taxes
✔️ Insurance
✔️ Maintenance and operating expenses
This structure is extremely common in industrial buildings and, when understood correctly, can be a win for both tenants and landlords. The key is knowing what’s included, what’s excluded, and how costs are allocated—because not all NNN leases are created equal!
This is just a high-level overview, BUT if you’re considering leasing an industrial space or already reviewing a NNN lease, I’d love to help make the process clear and stress-free. 😁
📩 Drop a comment, send a DM, or text me with your questions.
Industrial real estate doesn’t have to be intimidating—and I’m always happy to help!
Cassie Murphy
Realtor®
CENTURY 21 Moline Realty
763.516.6946
[email protected]