Is Chicago a triple net lease market? What other NNN markets are there in the US?
I saw this mentioned on an investment memo. Does this mean Chicago requires NNN leases? Where else would that be the case?
[{"id": "hrf8kar", "text": "Triple net is the standard for leases in USA but all types still exist", "replies": [], "depth": 1}, {"id": "hrfjnaz", "text": "I don't think you can categorically say it's a NNN market.  Other lease types exist across different product types (i.e. office/retail/industrial).\n\nBased on my experience, NNN leases are prevalent in high/er class assets (which tend to be newer).  As properties become (i.e. functionally/physically/economically) obsolete LL is forced to move away from NNN until it becomes total uneconomical.  \n\nThink of NNN properties as being higher up on the food chain.", "replies": [{"id": "hrfko90", "text": "I didn\u2019t think so", "replies": [], "depth": 2}, {"id": "hrhmmft", "text": "This.", "replies": [], "depth": 2}], "depth": 1}]