A Tenant's Guide to NNN Leases
Triple-net leases shift more than rent. Here are the line items smart tenants negotiate before they sign anything in Sioux Falls.
A triple-net lease looks simple: base rent plus taxes, insurance, and CAM. In practice, those three letters can add 25% to 40% to your all-in occupancy cost.
Negotiate the pass-throughs, not just the rent
Before you sign, insist on caps on controllable CAM, exclusions for capital expenditures, and audit rights. Push for base-year gross-ups on any pass-throughs tied to occupancy.
Where tenants leave money on the table
Most tenants focus only on rent. A seasoned broker benchmarks every line item against the market, often saving multiples of their fee across the term.
Talk it through with a broker.
Nelson Commercial has been closing Sioux Falls commercial real estate deals for decades. Call 605.977.0778 or book 30 minutes — no obligation.
