There are 15 names in this directory beginning with the letter N.
(Including Community Center) a shopping center anchored by a supermarket and/or drugstore, that provides convenience goods and services to a neighborhood. It is usually between 30,000 _ 100,000 square feet, and draws from a one to three mile radius.
Net Cash Flow
Net Cash Flow is the amount (positive or negative) of the changes in a company's cash balance over a given period of time (usually measured monthly, quarterly and annually). It can consist of cash generated from operations, investments and financings minus expenses.
Net Income is a company's Gross Revenues minus its expenses including cost of goods sold, taxes, interest, depreciation, rent, overhead etc. Net Income is the business's profit.
A lease which requires the Tenant to pay some or all of the costs associated with the leased premises. A Triple Net Lease (NNN) requires the tenant to pay its share of the real estate taxes, insurance and maintenance with respect to its space. A Double Net Lease (NN) requires the tenant to pay for its share of taxes and insurance and a Single Net Lease requires the tenant to pay its share of the real estate taxes.
Net Operating Income
Income from property or a business after operating expenses have been deducted, but before deducting income taxes and financing expenses. Operating Income is earnings before interest and taxes (EBIT).
Net Operating Income (NOI)
Total income less operating expenses, adjustments, etc., but before mortgage payments, tenant improvements and leasing commissions.
Net Present Value
The method of applying an appropriate discount to cash to be received in the future to arrive at the present value of those future earnings.
Net-Net Lease (NN)
Usually requires the tenant to pay for property taxes and insurance in addition to the rent.
An agreement that permits a tenant under a lease to remain in possession of the property for the term of the lease despite any foreclosure proceedings.
A mortgage or deed of trust securing a note without recourse allows the lender to look only to the security (property) for repayment in the event of default, and not personally to the borrower. A loan not allowing for a deficiency judgment. The lender_s only recourse in the event of default is the security (property) and the borrower is not personally liable.
Generally used in connection with real estate loans whereby the borrower is guaranteeing repayment only to the extent of the value of the real estate or other collateral pledged as security for the loan. In other words the lender's sole recourse in the event of a default is to liquidate the collateral. An Unlimited Guarantee or Recourse Guarantee permits the lender to seek repayment from the guarantors either before or after the collateral is liquidated, (depending upon the terms of the guarantee and the laws of the applicable jurisdiction).
A unilateral agreement containing an express and absolute promise of the signer to pay to a named person, or order, or bearer, a definite sum of money at a specified date or on demand. Usually provides for interest and, concerning real property, is secured by a mortgage or trust deed.
Notes Payable - Long Term Debt (LTD)
Notes, debts and other financial obligations maturing later than one year.