Single Tenant NNN Retail
Single tenant NNN retail properties offer investors corporate-backed leases with minimal landlord responsibilities. These assets typically feature long-term leases (10-20 years), absolute net lease structures where tenants pay all operating expenses, and credit-worthy tenants that provide stable, predictable cash flow. Ideal for 1031 exchanges seeking passive income with low management overhead.
Corporate credit tenants with investment-grade ratings
Absolute net lease structure with minimal landlord responsibilities
Long-term lease terms (typically 10-20 years) with built-in escalations
Prime locations with strong demographics and traffic patterns
Focus Areas
- Drive-thru quick service restaurants
- Pharmacy and healthcare retail
- Essential grocery and discount concepts
Frequently Asked Questions
What makes a single tenant NNN property suitable for a 1031 exchange?
Single tenant NNN properties qualify as like-kind replacement property when held for investment purposes. They offer passive income, long-term lease stability, and predictable cash flow that aligns with exchange requirements. We help identify properties with strong tenant credit, favorable lease terms, and locations that support long-term value appreciation.
How do you evaluate tenant credit for NNN properties?
We review corporate financials, credit ratings, lease guarantees, and operational history. Investment-grade tenants (BBB- or higher) provide the strongest security. We also assess tenant business model resilience, market position, and lease renewal probability to ensure long-term income stability.
What lease terms should I look for in NNN properties?
Ideal NNN leases include 10-20 year initial terms, annual rent escalations (typically 1.5-2.5%), absolute net lease language where tenants pay all expenses, and renewal options. We review lease language to ensure landlord responsibilities are truly minimal and that rent escalations protect against inflation.
Can you help identify NNN properties within my 45-day identification window?
Yes. We maintain relationships with brokers specializing in NNN properties and can quickly assemble a short list of available assets matching your criteria. We provide property summaries, lease abstracts, and tenant credit analysis to support your identification letter submission.
Related Property Types
45-Day and 180-Day Deadline Calculator
Enter your relinquished closing date to preview statutory milestones. Share the outputs with your intermediary, CPA, and lender to keep every stakeholder aligned.
- 45-day identification deadline
- Select a closing date to calculate the deadline.
- 180-day exchange completion deadline
- Select a closing date to calculate the deadline.
Dates represent calendar days. Confirm every milestone with your Qualified Intermediary. We coordinate stakeholder updates but do not provide intermediary services.
Identification Rules Explained
Use this guide to determine how you will complete the identification letter. We prepare letter drafts, valuation support, and backup scenarios so your $Seattle, $WA exchange maintains compliance through day forty-five.
Three-Property Rule
Identify up to three properties of any value. We document pricing support, lender feedback, and compliance notes for each Seattle, WA asset so your intermediary accepts the letter without revisions.
200 Percent Rule
Identify more than three properties as long as combined fair market value stays below 200 percent of the relinquished property value. We track valuation evidence for every property to prove compliance.
95 Percent Rule
Identify any number of properties and close on at least 95 percent of the aggregate value. This strategy supports diversified portfolios and DST placements when executed with strict tracking.
We coordinate with your intermediary, CPA, and counsel, provide documentation, and maintain audit-ready files. We do not provide legal or tax advice.
Exchange Timeline Tracker
Monitor each milestone from sale to replacement closing. Select a step to review the focus items and assign responsibilities to your advisors.
Document sale terms, confirm intermediary wiring instructions, and deliver closing statements within twenty-four hours.
Keep your intermediary, CPA, attorney, and lenders updated on each milestone. We manage the project plan, but all compliance decisions remain with your licensed advisors.
Discuss Single Tenant NNN Retail
Share your timeline, equity targets, and lender objectives. We respond within one business day.