What NNN, FSG, and MG Mean in Commercial Real Estate

Commercial leases can be confusing: What are triple net, full service gross, and modified gross leases? Today we’re talking about commercial lease structures and the differences between each one. Commercial real estate, like many other industries, is full of its own lingo. If you’re looking to lease commercial space, you’ve likely run across phrases such as “triple net” or “full-service” whenever a broker or landlord explains what type of lease they’re using. But what does that actually mean? And, maybe a better question, why are certain lease structures utilized instead of others? Let’s dive into what triple net (NNN), full-service gross (FSG), and modified gross (MG) mean and the differences between them.

About Your Host:

Tyler Cauble, Founder & President of The Cauble Group, is a commercial real estate broker and investor based in East Nashville. He’s the best selling author of Open for Business: The Insider’s Guide to Leasing Commercial Real Estate and has focused his career on serving commercial real estate investors as a board member for the Real Estate Investors of Nashville.