NNN + MF lease type?
Hi all - I'm underwriting a property that consists of ground floor retail, small amount of office and a large parking garage. Several of the leases have a "NNN + MF" lease type. Any insights as to what this means/how it impacts the way I should think about this deal? I see MF and just think of Multifamily, but that can't be the case here.
This isn't very high-stakes or anything, I'm really just UW this to get practice with parking garages, which is something we haven't done before but want to explore. Any thoughts you guys have on this (or garages in general) are welcome!