Updated about 2 years ago on . Most recent reply
Acquiring NNN A-rated tenants
I am working on a plans for a 4-unit retail development in Bourbonnais. I am wondering how people go about placing quality big name tenants like Starbucks for example. I have searched high and low for information on this and I ended up here unable to find any real information on the subject. I want to know if the BiggerPockets community has any insight or experience finding and leasing to NNN tenants. Is a NNN broker the only option?
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Start googling real estate directors of these companies, then head on over to linked IN to see if it's up to date. Also you can look at local broker websites to see who they represent and they will let you know who is expanding. Know what kind of tenant mix you want before you start your hunt. Recently I sent out 30 flyers to local tenants that I would like to have in my space and I ended up getting a couple of interested parties. If your lucky in that regard you can avoid paying commissions. A lot of the bigger players do have a broker. You can also advertise your property on Costar and Crexi as well. However the best marketing is to have a big sign in front of your development ASAP!