A Complete Guide to Single Net Leases

When you’re considering investing in a commercial property it’s important to understand what type of lease is in place. This will impact how involved you are in the day-to-day management of the property, so you’ll need to choose leases that fit your business model.
A single-net lease is one of the more common leases you’ll run into in commercial real estate. In this guide, we’ll go over how this lease works, the pros and cons of using it for your properties, and how it compares to other lease types.
Keep reading to learn everything you need to know about single net leases.

What is a Single Net Lease?
A single net lease (also known as a net lease or N lease) is an agreement where the tenant is responsible for paying the property taxes, in addition to their monthly rent. The landlord then pays for the insurance and any maintenance and repairs that are required.

• Westlake Hardware is Ace Hardware’s largest subsidiary, and operates 150+ U.S. stores, backed by Ace’s 5,200+ store network across 70 countries.
• Properties operate under a NNN Lease Structure, where the Tenant is responsible for Property Taxes, Insurance, CAM, Utilities, and building-level repairs; minimizing landlord responsibilities.
• Tenant recently excerised their Renewal Option for another 5-Year Term for all five locations, showcasing their commitment to the future.
• Rent/Sales Ratio ranges between 2-4% per location, indicating a healthy long-term future for not only the Tenant but the Landlord.

Located across Grays Harbor and Pacific Counties in coastal Washington, the portfolio benefits from year-round tourism, maritime industry, healthcare, and regional service employment. Aberdeen is the largest trade hub, supported by major employers, recreation amenities, and regional mobility via Highways 8 and 101. These stable demand drivers help sustain retail performance and tenant success.

A single net lease (also known as a net lease or N lease) is an agreement where the tenant is responsible for paying the property taxes, in addition to their monthly rent. The landlord then pays for the insurance and any maintenance and repairs that are required.