Propstream Filtering tips for NNN Properties- Industrial/Retail

[Paul T.]

Hello everyone,

I initiated a direct mail campaign and am starting to get calls back; however, I can see already I misfired with regards to filtering more. I am looking for NNN deals on Industrial and Large Retail Plazas in Central FL or large metro FL areas. I used Propstream to build my list and used these parameters:

target county area - multiple

owner-occupied - no

occupied- yes

off-market - yes 

asset class - industrial 

length of ownership - >3 yrs

last sale date- >2019

>10k sq. ft, 

My goal is to find deals with NNN owners/companies only, I do not want to get distracted. Can anyone provide me some advice on additional filters to find NNN leases only on off-market deals? Is it possible without brokers? Is this viable through Propstream? I was thinking of pulling lists next time around with larger sq/ ft to start.

Please give me your blunt takes, I need to learn and do not mind hearing reality checks. 

I'd love to discuss this topic with someone either on forums, DM, phone, email, or text- I am looking for new connections and would love to talk! Thanks! 

[Marco Rodriguez]

Hey Paul - I think this is tough category to prospect in. Generally, mom/pop landlords are less sophisticated and don't set-up NNN leases. Most NNN leases are corporate owners with multiple assets. Casting a wider net like you did might generate some gems, although they might not be NNN now. You may may be able to convert in future renewals.