NNN vs modified gross: which lease is kinder to a restaurant tenant?

Build a 12 month occupancy budget, not just base rent. NNN listings hide trash, grease, HVAC, and parking lot resurfacing. Ask for the last 24 months of CAM reconciliations before you treat the two deals as equal.

Modified gross can still pass through insurance increases. The friendlier structure is the one with a CAM cap and a clear list of excluded capital items. I would not pick based on the label alone.