I am interested in purchasing a NNN commercial property maybe something like a fast food restaurant Fortune 500 tenant $1-2mill.
I do not see posts about this at all and need help in researching and educating myself.
I know they are generally very low cap rates (I'm seeing 5-6% right now on loopnet).
I have heard from podcasts that loopnet is the "trash bin" of real estate and it's better to get a connection with a broker who deals with these types of properties.
My question is:
How can I, as an investor, learn and educate myself on what exactly is a good purchase price for a property taking into account the asking price and cap rate?
1. Are there any recommended books about this? e.g. how to determine price of big Fortune 500 tenant commercial real estate.
2. Are there any recommended books info on buying a corner property and getting a big tenant to lease?