Puget Sound NNN Property Search
Triple net lease investments represent one of the most stable income-producing asset classes available. When you acquire commercial real estate and lease it to a creditworthy tenant who covers net taxes, net insurance, net property maintenance, rent, utilities, and most other expenses, you own a triple net lease property. These properties feature investment-grade tenants—essential retailers, dollar stores, quick-service restaurants, convenience stores, drug stores, and medical companies—with strong S&P and Moody ratings. We analyze corporate guarantees, rent escalations, and maintenance clauses across Puget Sound to secure durable NNN cash flow for 1031 investors.
Compare cap rates by credit profile and lease maturity
Document landlord expense exposure and roof, structure, and parking obligations
Highlight traffic, trade area, and store performance trends
Key Deliverables
- Lease abstract with maintenance and insurance obligations
- Store sales comparisons and trade area demographics
- Stress test showing rent coverage under base and downside cases
Execution Timeline
- Week 1: Profile target credit, lease term, and geographic range
- Week 2: Present initial five-asset slate with lease abstracts
- Week 3: Coordinate site visits or virtual diligence sessions
Frequently Asked Questions
What distinguishes absolute NNN from regular NNN leases?
Absolute NNN leases transfer all financial responsibility to the tenant, including capital expenditures, roof, structure, and parking lot maintenance. Regular NNN leases may require the landlord to cover certain structural elements. We evaluate lease terms to clarify your expense exposure and identify properties aligned with your risk tolerance in Seattle, WA.
How do you evaluate tenant credit quality for NNN investments?
We review investment-grade corporate tenants with S&P and Moody ratings, audited financials, store performance metrics, and comparable closure rates. Essential retailers, dollar stores, quick-service restaurants, convenience stores, drug stores, and medical companies typically demonstrate strong credit profiles. Our analysis helps you understand tenant durability within Seattle, WA and nationwide markets.
Can NNN properties support 1031 exchange tax deferral strategies?
Yes. Triple net lease properties qualify as like-kind replacement property and offer passive income with minimal landlord responsibilities. The stable cash flow, long-term leases, and corporate guarantees make NNN assets attractive for 1031 exchanges. We source NNN properties nationwide to meet your exchange requirements and timeline in Seattle, WA.
Related Services
Filter additional strategies to support your exchange.
Asset Class Expertise
Seattle Multifamily Exchange Targeting
Model stabilized and value-add multifamily options with rent roll validation, T12 analysis, and renovation underwriting.
Asset Class Expertise
Seattle Industrial 1031 Acquisition
Locate logistics and flex inventory with clear height, dock mix, and yard coverage that satisfies industrial exchange criteria.
Asset Class Expertise
Seattle Medical Office Exchange Advisory
Evaluate medical office, ASC, and healthcare assets with tenant credit review, reimbursement structures, and compliance checks.
Asset Class Expertise
Seattle Retail Pad Redeployment
Identify ground-up and existing retail pad opportunities with traffic studies, co-tenancy clauses, and 1031 compliance.
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 Puget Sound NNN Property Search
Share your timeline, equity targets, and lender objectives. We respond within one business day.