Triple Net Calculations
Hi everyone, I'm new to commercial real estate and this forum so bear with me. I recently built a 11k sqft strip center of which I manage as well. One of my companies occupies half the building, I have 1 tenant, and am trying to fill the rest of my space.
I need help with triple net calculations. Currently I use excel and have a list of items that are included but things are getting complicated. I am trying to decide exactly what to include, ie future repairs, managment fees, etc. Also, I'm not sure what to do at the end of the year if my calculations/expenses aren't equal to the contracted triple net amount (do I reimburse or adjust future NNN rate). Can anyone recommend any good sources of info regarding this. Thanks!