Understanding Triple Net Leases: A Guide for Business Tenants

Choosing the right commercial lease is a major decision for any business. One of the most popular options today is the triple net (NNN) lease,

especially for growing companies seeking cost transparency and operational control. At Peak Flex, we specialize in modern commercial spaces designed for long-term tenant success.

What Is a Triple Net Lease?

Under a triple net lease, tenants are responsible for:

• Property taxes

• Building insurance

• Common area and maintenance costs

In addition to base rent, these expenses are paid directly by the tenant.

Benefits for Business Owners

Triple net leases offer several advantages:

Lower Base Rent: NNN properties often have lower base rent than gross leases.

Cost Transparency: You know exactly what you’re paying for operating expenses.

Operational Control: Tenants maintain more influence over property upkeep and improvements.

Long-Term Stability: NNN leases are ideal for businesses planning long-term growth.

Why Peak Flex Spaces Stand Out

Our flex spaces are designed for:

• Warehousing

• Light manufacturing

• Distribution

• Office and showroom use

With modern infrastructure, flexible layouts, and professional management, our properties support both operational efficiency and brand growth.