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Probably the most confusing part of leasing commercial real estate in Daytona Beach (or anywhere for that matter) is the way pricing is stated.  If you've done any looking it's doesn't take you long to hear words like base, Net, NNN, Triple Net, etc.  What does it mean?

Well here is what I tell my customers (and associates), whenever you hear "Triple Net" or NNN always say I know what I include in triple net, what are you including. 

While I will be criticized for saying this, there is no agreement.  From a "standard" point of view Triple Net or NNN (supposedly the same thing) means the cost of operating the property, parking lot lighting, landscaping, etc.  But wait, what about roof replacement which is a huge item.  I had a Walgreens lease and a Dollar General lease available for a while now.  With those two leases I'm being asked if it's a "true" Triple Net.  When I say what do you mean the reply is the tenant is responsible for foundation, walls and roof.  Well, that is not my interpretation.  Foundation, walls and roof typically are the responsibility of the Landlord unless of course you sign a lease stating otherwise.  By the way you will also here these additional expenses termed "CAM" or Common Area Maintenance".  Now, the CAM may contain a "reserve for replacement of roof" clause and cost.  In which case the tenant is paying for roof replacement indirectly. 

And no, that does not correctly contain the property tax cost which a lot of brokers try to put into the term "CAM" payment

So the moral of the story is always ask "what do you include in Triple Net or NNN?"  The answer you get will make a big difference in the cost.  Or an easier way to do it is to call me. I'm not afraid to ask the question so I can tell you exactly what your cost of occupancy will be, I'm Claude Gardner.  I can be reached at 386 846 4135.