Summary: Well capitalized, experienced commercial real estate investor seeking fundamentally sound single tenant net lease acquisition opportunities in Top 20 MSAs across the United States to complete active 1031 exchange transaction

Timeline: ID deadline approximately 25 days away as of 2/5/20

Yield: Willing to sacrifice firm term length for quality real estate deals with high intrinsic residual land values that can be had as close to a minimum 5% entry cap rate as possible

Deal Size: All cash up to $5MM to complete exchange -- will assume debt up to $6MM total purchase price for right opportunity; will acquire multiple properties

Lease Structure: Ideally absolute NNN, but will consider double nets; investment-grade corporate guarantees heavily preferred, but will sacrifice credit for quality of underlying dirt; rent must be in line with the market at worst, ideally below market -- willing to sacrifice firm term in exchange for this scenario

Likes: Auto parts and service (particularly Bridgestone Firestone), corporate-backed fast food. Raleigh, NC is example of ideal target market. Will consider similar to superior MSAs across country

Dislikes: STNL deals located in tertiary markets where valuation is correlated with quality of corporate guaranty and lease structure rather than underlying real estate; pharmacies, grocery stores and big box tenants

Retail

$4,000,000 to $6,000,000

Washington, USA Oregon, USA California, USA Arizona, USA Utah, USA Nevada, USA Colorado, USA Texas, USA Tennessee, USA Georgia, USA Florida, USA South Carolina, USA North Carolina, USA Virginia, USA New York, NY, USA New Jersey, USA Maryland, USA Delaware, USA Massachusetts, USA

Cap Rate: Over 4.85%