Triple Net (NNN) leases shift certain responsibilities to tenants, but they do not eliminate physical risk. Exploiting this gap is where many acquisitions go wrong.
Core Building Inspections provides NNN-focused property inspections that evaluate the physical condition of landlord-exposed systems, including roofing, structure, building envelope, and life-safety components. These areas often remain the owner’s responsibility regardless of lease language.
Our inspections identify deferred maintenance, capital risk, and end-of-lease condition issues that may not be apparent through lease review alone. We help clients understand where theoretical lease protections may not align with the actual condition of the asset.
NNN inspections are commonly used during acquisitions, lease renewals, portfolio reviews, and risk management evaluations.
Serving New Jersey, Pennsylvania, Delaware & New York
A Triple Net (NNN) Lease Inspection is a specialized commercial inspection focused on identifying landlord risk, deferred capital exposure, and lease-related responsibilities in properties governed by NNN lease structures. At Core Building Inspections, we perform targeted NNN Lease Inspections designed to help buyers, investors, lenders, and attorneys understand what costs and liabilities truly remain with ownership—despite tenant obligations.
We perform NNN Lease Inspections throughout the Philadelphia metropolitan area, across South, Central, and North New Jersey, Northern Delaware, and select markets in New York. Our inspections are commonly used during acquisitions, refinancing, portfolio reviews, and pre-closing due diligence for single-tenant and multi-tenant NNN assets.
In a Triple Net lease, tenants are typically responsible for taxes, insurance, and maintenance. However, NNN leases do not eliminate owner risk—they often defer it.
A Triple Net Lease Inspection is a non-invasive, risk-focused evaluation of a commercial property intended to identify:
These inspections are not checklist exercises. They are designed to support financial decision-making.
NNN assets are often marketed as “hands-off” investments, but in practice:
Many NNN leases:
A Triple Net Lease Inspection helps identify when and where ownership risk reappears.
NNN Lease Inspections are purpose-built for investment analysis.
They differ by focusing on:
This approach aligns with how banks, investors, and credit committees evaluate NNN assets.
Each NNN Lease Inspection is tailored to the asset and lease structure, but typically includes evaluation of the following:
Structural Systems
Structural components are rarely tenant obligations and represent pure owner risk.
Roofing Systems
Roof replacement is one of the most common post-acquisition capital surprises in NNN deals.
Exterior Walls & Building Envelope
Envelope failures often develop slowly and fall outside routine tenant maintenance.
Mechanical Systems (HVAC)
While tenants often maintain HVAC systems, replacement responsibility frequently reverts to ownership.
Electrical & Plumbing Infrastructure
Core infrastructure components are rarely tenant capital obligations.
Site Improvements
Site components are often excluded from tenant scope and represent significant capital exposure.
ADA exposure exists regardless of lease structure and is frequently overlooked in NNN underwriting.
While we are not providing legal review, our inspections are informed by how NNN leases typically allocate responsibility.
We routinely help clients understand:
We encourage coordination with legal counsel when inspection findings intersect with lease interpretation.
NNN Lease Inspections are often paired with Cost Reports / Capital Needs Assessments to quantify exposure.
Our findings support:
This is especially important for:
Our NNN Lease Inspection services are commonly used by:
These inspections are frequently ordered during:
An NNN Lease Inspection may be:
When appropriate, findings can be expanded into:
We help clients select the right level of diligence based on deal size, lender requirements, and risk tolerance.
Core Building Inspections performs Triple Net Lease Inspections throughout:
We routinely inspect national-credit and regional-tenant NNN properties across these markets.
NNN inspections require a different mindset than standard inspections.
Clients choose Core Building Inspections because:
Our goal is to help clients avoid false security and make informed investment decisions.
Because physical failures still impact asset value, lender exposure, and future capital costs.
NNN inspections are typically more targeted, focusing on long-term landlord risk.
Yes. NNN inspections are often bundled with PCAs or cost-to-cure analysis.
Yes. NNN leases shift operating costs, not capital risk.
Not always. NNN inspections can supplement or, in some cases, replace a full PCA depending on lender requirements.
Yes, to the extent necessary to assess building systems and capital exposure.
No. Inspections are visual and non-invasive, with limitations clearly stated.
