Triple Net Properties are commercial properties in which the tenant is solely responsible for paying all expenses, including real estate taxes, insurance, and maintenance in addition to rent. A well chosen triple net lease property or NNN is leased to a multi-billion dollar corporation with an investment-grade credit rating and comes with a 15-year initial lease, multiple 5-year extensions and a corporate guarantee that guarantees lease payments regardless of what happens to the building or the economy. Investment Grade Single Tenant NNN properties are simply properties an investor owns that comes with a lease to a multi-billion-dollar corporation like a Starbuck’s, McDonald’s, or Dollar General. Triple net properties are unique in that the tenant manages the property and pays all the property taxes, insurance, and maintenance. The investor pays no expenses and has no management involvement. He just gets a check every month.