NNN property brands
Every NNN tenant. Different states. One buyer’s broker.
Start with the brand you want to own or the state you want to invest in. We represent buyers only, and the seller pays our commission.
By brand
Find the tenant you want to own














































No brand matches that search. Ask an advisor about it; we can source off-market and listed NNN properties for most national tenants.
Buyer’s guide
Know what you are buying before you buy it
Stable income starts with the right tenant, the right lease and the right location. These are the twelve things we screen for.
The tenant
Public corporate tenants
Leases with publicly traded companies are generally more financially stable.
Investment-grade credit
Strong credit ratings point to lower default risk.
Guaranteed lease payments
Terms that secure a dependable income stream.
The lease
No rent holidays or out clauses
Avoid provisions that let a tenant pause rent or leave early.
Long terms
15 years or more, for stability and less turnover.
Multiple renewal options
Options that extend income beyond the primary term.
Scheduled rent increases
Bumps at each renewal period help offset inflation.
The location
Strong demographics
At least 10,000 people within 5 miles.
High traffic counts
At least 3,000 vehicles a day for visibility and access.
Diverse local employers
A healthy local economy supports the tenant’s business.
The return
Superior returns
Yields that compare well with other asset classes and other NNN tenants.
Flexible layout
A design that is easy to re-lease if the tenant leaves.
A careful review limits risk and protects your return. Work through these nine areas before you close.
Inspection
Physical inspection
Have a professional check the roof, HVAC, plumbing and electrical.
Environmental assessment
Commission a Phase I Environmental Site Assessment.
Financial analysis
Lease review
Rent, escalations, renewal options and tenant responsibilities.
Tenant financial health
Statements, stability and, for corporate tenants, Moody’s or S&P ratings.
Rent comparables
Compare with similar nearby properties.
Legal review
Title search
Confirm ownership; find liens, encumbrances and easements.
Zoning compliance
Verify the property meets local rules for its use.
Lease terms
Have a real estate attorney review for unfavorable clauses.
Market analysis
Location and demographics
Access, traffic patterns and the surrounding population.
Economic trends
Local employment, economic conditions and planned development.
Operations
Property management
Evaluate the current setup and whether it should change.
Maintenance history
Review past work and upcoming major repairs or capital expenses.
Tax and insurance
Property taxes
Confirm current assessments and anticipate increases.
Insurance
Confirm adequate coverage; review policy details and cost.
Exit strategy
Resale value
Estimate from market trends and comparable sales.
Investment horizon
Define your expected hold period and exit options.
Document verification
Lease abstract
A summary of key lease terms for quick reference.
Estoppel certificate
Tenant confirmation of lease terms and any changes.
SNDA agreement
If financed, confirm the lender and tenant are protected.
Financing
Loan terms
Review interest rates, loan terms and amortization.
Debt service coverage ratio
Check that property income covers the debt payments.
Need help evaluating NNN leased properties? We can help.
Decades of exclusive buyer representation, more than $2 billion in closed transactions, and expert guidance on NNN properties and financing.
