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Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
NNN lease. In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.). In such a lease, the tenant or lessee is ...
Added to NRHP. June 28, 2007. The Austin, Nichols and Company Warehouse, also known as 184 Kent Avenue and Austin Nichols House, is a historic warehouse building on the East River between North 3rd and North 4th Streets in Williamsburg, Brooklyn, New York City. The structure, measuring 179 by 440 feet (55 by 134 m), is one of the city's few ...
The Bingham Company Warehouse is a historic warehouse located in Cleveland, Ohio, in the United States. It was designed by the noted local firm of Walker and Weeks for the W. Bingham Company, and is one of the architectural firm's few utilitarian commercial buildings. For many years, W. Bingham Co. was the Midwest's largest hardware ...