Double Net
A double net
(NN or net-net lease) lease is a lease structure where the tenant pays rent, property taxes, and insurance premiums for the space.
This 1,948 sqft space on the Upper East Side is a partially built-out cafe. This has the construction to be a cafe/restaurant. The landlord is considering all uses.
Located between 2nd and 3rd Avenues, the area boasts heavy foot traffic and easy access to dining, shopping, and public transit (subways 4, 5, 6, Q; buses M101, M102).
Highlights Heavy Foot Traffic Area 1264 sqft Ground Floor 684 sqft Lower Level 11' ceilings Ground floor 8' ceilings lower level Double Net lease Outdoor patio
Double Net
A double net
(NN or net-net lease) lease is a lease structure where the tenant pays rent, property taxes, and insurance premiums for the space.