1031 NNN strategies??
To anyone who did a 1031 into a NNN deal (A class tenants long term lease etc), what were the pros and cons for doing these deals?
What was your individual strategy and reason for uplegging into a NNN deal?
What's your end goal, or exit strategy for these?
Are they difficult to sell later or more costly in any way to resell?
I understand management requires less hands on work, but what about the long term tenants when they do leave or a problem comes up?
Any major risks? I'm assuming if the population of some of these small mid west towns decrease, or theres a major recession certain brands could have issues. I also heard that some of these leases are guaranteed by the central 'corporation'. But I also assume during a bad recession certain businesses go belly up as well