Triple Net Lease Calculator

A triple net lease (NNN lease) is a commercial real estate lease agreement where the tenant is responsible for paying all property expenses in addition to the base rent. These expenses include property taxes, building insurance, and common area maintenance (CAM) costs. This type of lease is extremely popular in commercial real estate investing because it provides landlords with predictable, passive income while transferring operational responsibilities to the tenant.

When using our NNN lease calculator, you'll see how these additional costs—often ranging from $5 to $15 per square foot annually—can significantly impact your total occupancy costs. Understanding the full picture is essential whether you're a tenant evaluating a space or an investor analyzing potential returns.

To calculate your NNN rent, you need to know both the base rental rate and the estimated operating expenses (often called "pass-throughs" or "triple nets"). Here's a step-by-step example:

1. Determine the square footage: 2,500 sq ft
2. Base rent rate: $25.00 per sq ft per year
3. Property taxes: $3.50 per sq ft per year
4. Insurance: $1.25 per sq ft per year
5. CAM/Maintenance: $2.75 per sq ft per year
6. Total rate: $25.00 + $3.50 + $1.25 + $2.75 = $32.50 per sq ft
7. Annual rent: 2,500 × $32.50 = $81,250 per year
8. Monthly rent: $81,250 ÷ 12 = $6,771 per month

Our commercial lease commission calculator helps you estimate the real estate agent's fee for brokering a commercial lease transaction. Commissions are typically calculated as a percentage of the total lease value or annual rent.

For example, a 6% commission on a $100,000 annual rent lease equals $6,000. If the commission applies to the first 3 years, the total commission would be $18,000. This fee is typically paid by the landlord and may be split between the listing agent and tenant's representative.

A ground lease (or land lease) is a long-term agreement where a tenant leases only the land and is responsible for constructing and maintaining any buildings on it. These leases typically run 50-99 years and are often structured as NNN leases.

When calculating ground lease payments, you'll typically work with a much lower base rent per square foot (often $1-5) since you're only paying for the land. However, the tenant assumes all development and operating costs. Use our calculator by entering just the land area and base rent to estimate ground lease costs.