In triple-net leases, the tenant pays a pro-rata share of all property expenses.

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Both Cole's and Spirit's strategy is to sign what are known as triple-net leases with retailers.

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In net leases, tenants usually pay their portion of the increase in expenses for the period after they move into the property.

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Triple-net leases are typically long-term deals signed by retail tenants for free-standing buildings in which the tenants pay most of the expenses.

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However, at the moment, he says the company doesn't have any oil in storage, and holds just 240 net acres in oil and gas leases in Missouri with no active drilling.

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Many leases in the healthcare sector are long in duration and triple net, meaning the tenant is responsible for taxes, insurance, and common area maintenance fees.

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