Property Types

Multi-Tenant Property

Commercial property with multiple tenants. Includes retail shopping centers, office buildings, and industrial parks.

Full Definition

Multi-tenant properties have multiple tenants sharing a building or property. Common types: strip retail centers, grocery-anchored centers, office buildings, industrial parks. Lease structures vary (often modified gross or CAM-based rather than absolute NNN). Operating more complex than single-tenant but offers diversification.

Related Terms

Single-Tenant Net Lease

Commercial property leased to one tenant, typically under an NNN structure. The core asset class for 1031 exchange buyers.

CAM (Common Area Maintenance)

Tenant's proportionate share of expenses for maintaining common areas of a multi-tenant property.

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