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Updated almost 6 years ago on . Most recent reply

Interest in commercial property NN
is Double Net in structure and Landlord is only responsible for roof and structural repairs while the tenant reimburses the landlord for the taxes, insurance and common area maintenance charges. The lease was recently extended by Dollar General in early 2019 for an additional 10 years and Dollar General still retains 2, five year options.
Most Popular Reply

Greg Dickerson
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
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@Richard Merkuris NN is where the tenant pays taxes and insurance. Building and grounds maintenance is on the landlord. That being said you need to examine the lease carefully to make sure you fully understand the terms.