Passive Yield
Single-tenant properties leased to credit tenants, where the tenant pays taxes, insurance and maintenance. Bought and sold with the underwriting done first.
What I underwrite
Corporate versus franchisee guarantees, ratings and store performance.
Remaining term, rent increases, renewal options and landlord duties.
Location, rent versus market and value if the tenant leaves.
Cap rate in context of comparable trades and interest rates.
1031 exchanges
A 1031 exchange gives you 45 days to identify replacement property and 180 days to close. Most problems come from starting the search too late. I build a shortlist of net-lease candidates before your sale closes, so the deadlines work for you.
45
Replacement properties named in writing after your sale closes.
180
The purchase must be completed within this window.
Tell me your timeline and goals. I will tell you plainly what the market can do for you.