EP. 228 Alan Fruitman: Single Tenant Triple Net (NNN) Properties

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Single Tenant Triple Net (NNN) Properties

On this week’s podcast we talk with Alan Fruitman about single tenant triple net (NNN) leased properties. A NNN lease helps minimize the responsibilities for the investor since the tenant agrees to pay all the expenses of the property including the real estate taxes, building insurance, and maintenance.

A very interesting discussion that emerged from this episode is the current administration’s proposal to cut 1031 exchanges, which would be a tremendous blow to real estate. If Capitol Hill eliminates the 1031 Exchange, this will have a dramatic and negative affect on real estate as this would decrease proceeds by almost 50%. As a consequence, Alan predicts a heavy volume of real estate transactions in Q3 and Q4 as investors are trying to get their sale and 1031 exchange in before the end of 2021.

Key Discussion Points

[01:04] Opening remarks by Eric Odum and Steven Silverman
[04:55] About our guest: Alan Fruitman
[06:00] How did you get started in the single tenant world?
[07:23] What is Triple Net and Doubl Net?
[10:30] Overview of single tenant market
[12:38] What would you advise for a buyer of a single tenant property?
[20:57] How are you finding value in this tough market / which regions are hot markets?
[25:53] What are your thoughts on the medical triple net market?
[32:20] Tell us your thoughts on Capitol Hill potentially eliminating the 1031 Exchange and it’s affect on real estate
[42:36] How can folks contact you?
[43:30] Over the last 2 years, what cap rates have you seen on single tenant deals (i.e. Walgreens, CVS, etc..)?
[47:11] Closing comments by Eric & Steven

 

About our Guest

 Alan_Fruitman

Alan Fruitman is the president and managing broker of 1031tax.com. Alan specializes in helping investors purchase single tenant NNN properties nationwide. He is the author of The NNN Triple Net Property Book: For Buyers of Single Tenant NNN Leased Property.

CONTACT INFO

Phone: 1-800-454-0015
Website: 1031tax.com

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