The NNN Lease Audit: How to Spot Hidden Landlord Liabilities in “Absolute” Contracts
In the highly romanticized, yield-starved arena of commercial real estate investing, the “Absolute NNN” (Triple-Net) lease is marketed as the holy grail. Amateur retail investors and out-of-state syndicators view these assets as impenetrable financial fortresses. They look at the marketing flyer, see a globally recognized corporate tenant, check the “NNN” box on their spreadsheet, and…