Hard to Find Your Next NNN Commercial Property? Here’s What to Do

Jun 17, 2021 | 1031 Exchanges, Blog, Triple Net - NNN or Net Net Net

If you’ve been searching for your next triple-net (NNN) commercial property, then you know how tight the market is right now. These reliable, income-producing, single-tenant investments are increasingly attractive to new and savvy investors, investors leaving the stock market, and those performing 1031 exchanges to get out of high-maintenance properties. For all these reasons and more, the selection of NNNs on the open market is almost non-existent.

So, how do you find your next NNN investment property in 2021? Here’s what to do!

Work With a Top Net Lease Advisor

In a market such as this, with interest rates at historic lows and essential retailers being snapped up as soon as they’re listed, you may have to engage an experienced, specialized net lease advisor to help you with the process. Typically, using a net-lease-finder website or trying to structure a NNN sale through an online seller leads to the deal falling apart or a less-than-ideal outcome.

Currently, strong, reliable, high-credit-tenant NNN lease properties aren’t even making it on the open market. They are selling to investors via word of mouth through nationwide broker, seller, and developer relationships. Therefore, working with a net lease advisor is the #1 way – and quite possibly the only way – you will find your next NNN commercial property.

Existing properties, new builds, and prospective developers are often not publicized. To locate the right NNN commercial property requires a net lease advisor who knows the market and is well-known in the marketplace.

Commercial real estate advisor showing graphs and charts to buyers

Net Lease Brokers with an Advisory Approach will Help You Purchase a NNN Lease Property Much Faster

Westwood Net Lease Advisors are buyer’s advisors with a true advisory approach. Why is this important to you, as an experienced investor? We don’t just find a property and perform the standard contract responsibilities. We work out all the details as your personal representative – prior to the property search all the way through closing and beyond – and make your investment experience worry-free.

This year, more than ever before, it is smart to use a professional who knows the market. As properties sell at a record pace, we are helping even the most experienced investors locate and purchase NNN properties they never would’ve had access to any other way.

With the following, we offer a distinct buying advantage, and often, the first right of refusal on the most sought-after NNN properties.

  • A vast nationwide network of commercial real estate sellers.
  • Daily communication with that network.
  • A reputation for representing pre-qualified, reliable buyers.
  • Proprietary tools and technology.
  • In-depth market knowledge.
  • A high close rate.
  • Known 1031 expertise.

Our advisors also help you decode inflated cap rates, negotiate on your behalf, avoid costly mistakes, provide financing sources, structure the deal, and more. Beyond just cost savings, these benefits often equate to a higher return-on-investment (ROI).

Our ability to source off-market properties with long-term NNN leases from high-credit tenants such as Dollar General, 7-eleven, Walgreens, and KFC, offers a buyer’s advantage.

Graphic of a piggy bank and 1031 exchangeWhat if I Want to Buy a NNN in a Tight Market with a 1031 Exchange?

If you want to buy a NNN using a 1031 exchange in this tight market, you can do it, but you’ll need some expert help. As you may know, when you sell your original property, it is advisable to already have identified your replacement property and qualified intermediary before commencing with the 1031 exchange. This avoids the time-crunch trying to meet the IRS’s 45-day requirement of either legally identifying or completing the purchase of your new property. In a normal NNN investment market, this is stressful enough.

In today’s fast-moving market, a 1031 exchange can be totally overwhelming, especially when you try to do it on your own or with an inexperienced broker. The first step, identifying your replacement property, can be the hardest part unless you have assistance from the 1031 specialists at Westwood Net Lease Advisors. We know how to find your ideal property, perform due diligence, and get the process moving quickly. In fact, we’ve closed on some 1031 exchanges in a matter of days, though we don’t recommend waiting until the last minute.

Investors who are trying to complete their 1031 exchanges before the Biden Administration’s possible tax reforms are impacting the commercial real estate market even more, making NNN investments highly sought after.

Man going over paperwork with a buyer

Ready to Find Your Next Triple Net Lease Deal? Here’s How

The bottom line is this – you can find your next high-quality, NNN lease property investment in this extremely tight market with representation from an experienced net lease advisor. You can also purchase your ideal property with a 1031 exchange and potentially defer all capital gains tax in 2021 by engaging an advisor who is also a 1031 specialist.

Westwood wants you to find your next NNN property investment and take advantage of all the things the market has to offer right now – low interest rates, cap rate to interest rate debt yield, the potential for positive leverage, and guaranteed income from a major corporation for 10 to 20 years. If you’re ready, let us know how we can help – our consultations and buyer representation are free. 314-997-5227


 

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