A triple net (NNN) lease is the most common structure in industrial and commercial real estate. You sign for a base rent, then pay three additional costs separately: property taxes, building insurance, and common area maintenance. Those three “nets” are why it’s called triple net.
Why NNN matters for small warehouse tenants
The headline rent on an NNN listing is rarely what you actually pay. The nets are billed on top, often reconciled at year-end, and they tend to climb. For a growing business trying to forecast cash flow, that variability is the problem. A space advertised at one rate can cost meaningfully more once taxes and CAM land.
This is exactly the trap WareSpace was built to avoid. Our small warehouse spaces are all-inclusive: one flat monthly rate covers your unit, loading docks, HVAC, utilities, security, and shared amenities. No surprise CAM reconciliations, no separate tax pass-throughs.
NNN vs. all-inclusive, side by side
| Triple Net (NNN) | WareSpace all-inclusive | |
|---|---|---|
| Base rent | Quoted low | Flat, transparent |
| Property taxes | Billed separately | Included |
| Insurance | Billed separately | Included |
| CAM / maintenance | Billed separately, reconciled yearly | Included |
| Budgeting | Variable | One predictable number |
If you’re comparing real costs, start with our guide to what it actually costs to rent a warehouse, then get an instant quote to see your flat all-in rate.
