Triple-net (NNN) lease properties are some of the most sought-after commercial investments in South Florida — and for good reason. The tenant covers taxes, insurance, and maintenance, leaving the owner with a clean, largely passive income stream.
What "triple-net" actually means
In a NNN lease, the tenant pays the three "nets" — property taxes, building insurance, and maintenance — on top of base rent. For the landlord, that means predictable income with minimal operational drag. It's why NNN assets appeal to investors who want yield without day-to-day management.
What to underwrite before you buy
- Tenant credit. The income is only as strong as the tenant standing behind it.
- Lease term & escalations. How many years remain, and how does rent grow?
- Location & re-tenanting. If the tenant leaves, how easily does the box re-lease?
- Rent-to-market. Is the in-place rent above or below what the space would fetch today?
A NNN deal lives or dies on the durability of the lease — and the real value of the dirt underneath it.
The South Florida angle
Strong population growth and retail demand keep well-located NNN assets in tight supply across Miami-Dade and Broward. The best ones are often spoken for quietly. If passive, credit-backed income is your goal, tell me your criteria and get matched to NNN opportunities as they surface.
Igor Presman
Commercial Broker · Trybal Group
