Okay, so you still want to understand the name. My name is Marcus and I am in the real estate business with a focus on retail. In retail real estate, most deals are done on a Triple Net(NNN) basis. The Pro-Rata (your portion of the shopping center in square footage terms) share of real estate taxes on the building, insurance on the building, and common area maintenance (CAM) are the elements that put the triple in triple net. The NET refers to the fact that everything passes through to the tenant (you). In essence, you are in charge of everything inside of your space and any other area of the shopping center that you use AND you are paying for someone chosen by the landlord to maintain the areas used by everyone, like the parking lot.

So, there you have it…the reason for the name is that 97% of the time, you will be signing a triple net deal.