🏢 NNN Leases Explained: Why “Passive” Isn’t Always Passive 💰

Bill Rapp, CRE Broker

Published on: 10/02/2026

NNN Leases Explained: Why “Passive” Isn’t Always Passive Triple Net (NNN) leases are often marketed as the holy grail of passive commercial real estate investing—especially for retail and medical investors seeking predictable income with minimal management. But in practice, not all NNN leases are created equal, and many investors discover too late that “passive” can still come with risk, surprises, and hidden costs.