A Triple Net Lease (NNN) is a common lease structure in Amarillo commercial real estate where the tenant pays for property taxes, insurance, and maintenance in addition to base rent. This type of lease is especially popular for retail and office properties in Amarillo, offering landlords predictable income and tenants long-term control of the space.
In Amarillo commercial leases, responsibility for maintenance depends on the lease type. In NNN leases, tenants typically cover most or all maintenance and repairs. For gross or modified gross leases, landlords may pay some expenses. Always review lease terms closely or consult a local Amarillo commercial broker to understand your obligations.
Most commercial lease agreements in Amarillo, Texas range from 3 to 10 years, depending on the location and property type. Longer leases can result in lower rent rates or higher tenant improvement allowances, especially in sought-after areas like Downtown Amarillo, the Medical District, or I-40 corridors.
Yes. Many property owners in Amarillo offer Tenant Improvement (TI) allowances to help businesses customize leased spaces. Whether you’re opening a retail shop, restaurant, or office, negotiating improvements upfront can save money and speed up your opening timeline. An experienced Amarillo commercial broker can help you get the best terms.
Working with a local expert like Wellborn Real Estate gives you access to off-market listings, market insights, and expert negotiation. Whether you’re a first-time business owner or expanding your footprint in Amarillo, having a commercial real estate broker on your side ensures you lease the right space at the right price.