The backbone of every NNN portfolio.
National tenants. Corporate guarantees. Predictable income backed by the strongest credits in retail. This is what we do every day.
Why single-tenant retail NNN
Single-tenant net lease retail is the most liquid, most understood, and most financeable sector in commercial real estate. Properties leased to national tenants like Walgreens, Dollar General, 7-Eleven, and Chick-fil-A offer investors something rare: predictable, bond-like income backed by corporate credit — with the tax advantages of real property ownership.
- Corporate-guaranteed leases from investment-grade tenants
- Absolute NNN structures: tenant pays taxes, insurance, and maintenance
- 10–20 year initial lease terms with contractual rent escalations
- Minimal landlord responsibilities — true passive income
- 1031 exchange eligible: defer capital gains while upgrading cash flow
- Highly liquid: strong secondary market for well-located assets
How we underwrite retail NNN acquisitions
Tenant Credit Analysis
We assess the guarantor’s financial strength — S&P rating, revenue trends, store count trajectory, and balance sheet health. An investment-grade rating matters, but we look beyond the letter grade to understand the actual risk profile.
Lease Economics
Rent-to-sales ratio, escalation structure, renewal options, and termination clauses. A 6% cap rate means nothing if the tenant can kick out in year 5. We read the full lease, not just the abstract.
Location Fundamentals
Traffic counts, co-tenancy, visibility, ingress/egress, and trade area demographics. A Dollar General in a growing exurban corridor is a different asset than one in a declining rural town — even at the same cap rate.
Basis & Replacement Cost
We compare the acquisition price against replacement cost and land value to assess downside protection. If the building costs more to build than you’re paying, you have a margin of safety the cap rate alone doesn’t show.
Deals We’ve Closed in Retail NNN
Bass Pro Shops
Kodak, TN
Bank of America
Chelmsford, MA
Popeye's
Kansas City, MO
O'Reilly Auto Parts
Chicago, IL
IHOP
Fort Wayne, IN
7-Eleven
Orlando, FL
Whether you’re executing a 1031 exchange, building a portfolio of passive income properties, or evaluating your first net lease acquisition — one conversation is all it takes to get started.
- No sales team — you talk to a principal.
- Free consultation, no obligation.
- Nationwide buyer representation.
- Decades of NNN and 1031 experience.