A triple net lease—sometimes referred to as an NNN lease, a net-net-net lease, or an absolute net lease—is a commercial leasing term that refers to a situation in which the tenant pays the operating expenses associated with maintaining the property he’s renting.
The location of your food service business will impact its success nearly as much as the menu. If your restaurant is in the wrong place, you won’t attract the amount of customers you will need in order to stay in business. The same is true if your location is inundated with competitors, or has poor visibility, or is hard to find.There are many things that must be considered as you look for a location in which to open your business.
While landlords have been known to increase rents and common area maintenance expenses at rates that exceed their true operating costs, you may be getting a better deal with a third-party landlord as opposed to buying a property and incurring the expenses yourself.