Sale leaseback NNN

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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
Quote from @Nick Button:

I'm buying a business and I'd like to sell the property and leaseback NNN. Its a decent size deal ~$5MM with long term lease (8 cap).

Can anyone direct me to someone who can talk to me?


 An Attorney who specializes in real estate transactions on the commercial side. Best to start talking with a commercial broker on selling the property as they will absolutely be able to point you in the right direction for an attorney. 

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y
    Quote from @Nick Button:

    I'm buying a business and I'd like to sell the property and leaseback NNN. Its a decent size deal ~$5MM with long term lease (8 cap).

    Can anyone direct me to someone who can talk to me?


     An Attorney who specializes in real estate transactions on the commercial side. Best to start talking with a commercial broker on selling the property as they will absolutely be able to point you in the right direction for an attorney. 

    7e investments53 Reviews
    WebsiteView Page
    3Reply
  • Nick Button
    OP
    Investor · Des Moines, IA · Member since 2017 · 17 posts · 3 votes
    3y

    Thanks Chris.

    0Reply
  • Zach Alms
    Investor · MN · Member since 2021 · 19 posts · 25 votes
    3y

    I see you are from Iowa, would this leaseback be in Iowa or what general area? Feel free to reach out directly. I know some people that might have interest. 

    1Reply
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    3y

    We can help. What’s the asset class?


    you’ll typically negotiate and execute the lease when you’ve found the buyer. 

    1Reply
  • Nick Button
    OP
    Investor · Des Moines, IA · Member since 2017 · 17 posts · 3 votes
    3y

    Thanks for responding Ronald.  The property is industrial specialty. 

    I have the  business and property under contract but we would rather sale leaseback to free up more capital. 

    Hoping to sell the property as an off market deal.  Any thoughts on where to go to confidentially find buyers for this sort of transaction?

    1Reply
  • Chris Martino
    Rental Property Investor · Jersey City, NJ · Member since 2014 · 157 posts · 47 votes
    3y

    @Nick Button we deal with this sort of property and lease back scenario often. Message me and we can set up a call to discuss. 

    1Reply
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    3y
    Quote from @Nick Button:

    Thanks for responding Ronald.  The property is industrial specialty. 

    I have the  business and property under contract but we would rather sale leaseback to free up more capital. 

    Hoping to sell the property as an off market deal.  Any thoughts on where to go to confidentially find buyers for this sort of transaction?


    I think you'll have good odds of moving that at an 8cap, NNN lease. Business has good financials to pay rent?

    Offmarket you just start with brokers, but don't have them list it. Do you have an OM?

    2Reply
  • Nick Button
    OP
    Investor · Des Moines, IA · Member since 2017 · 17 posts · 3 votes
    3y
    0Reply
  • Nick Button
    OP
    Investor · Des Moines, IA · Member since 2017 · 17 posts · 3 votes
    3y
    Quote from @Ronald Rohde:
    Quote from @Nick Button:

    Thanks for responding Ronald.  The property is industrial specialty. 

    I have the  business and property under contract but we would rather sale leaseback to free up more capital. 

    Hoping to sell the property as an off market deal.  Any thoughts on where to go to confidentially find buyers for this sort of transaction?


    I think you'll have good odds of moving that at an 8cap, NNN lease. Business has good financials to pay rent?

    Offmarket you just start with brokers, but don't have them list it. Do you have an OM?


    Thanks. The financials are great. I don't have an OM at the moment. The owner is very sensitive to employees finding out the business is for sale (so am I) and I was hoping to get this in front of a few groups quietly.
    0Reply
  • Steve Kalyk
    Real Estate Broker · San Francisco, CA · Member since 2016 · 2 posts · 1 vote
    3y

    Nick, let’s chat. If I can’t help you I can point you in the right direct. 

    1Reply
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    3y
    Quote from @Nick Button:
    Quote from @Ronald Rohde:
    Quote from @Nick Button:

    Thanks for responding Ronald.  The property is industrial specialty. 

    I have the  business and property under contract but we would rather sale leaseback to free up more capital. 

    Hoping to sell the property as an off market deal.  Any thoughts on where to go to confidentially find buyers for this sort of transaction?


    I think you'll have good odds of moving that at an 8cap, NNN lease. Business has good financials to pay rent?

    Offmarket you just start with brokers, but don't have them list it. Do you have an OM?


    Thanks. The financials are great. I don't have an OM at the moment. The owner is very sensitive to employees finding out the business is for sale (so am I) and I was hoping to get this in front of a few groups quietly.

     Understood, just reach out to local brokers directly.

    0Reply
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