Finding a NNN tenant

[Ben Sanders]

Total newbie here. I'm looking at some property that seems like it would make a good candidate for a NNN lease situation. If I were to purchase said property, how would I go about finding a tenant? Do I just start contacting the Chick-fil-a's and Taco Bells of the world?

[Joel Owens]

Put it under contract with and option to purchase. Submit the site to different real estate departments for these tenants.

The committee meets about various sites sent to them and proposals. If interested they might place a LOI ( letter of interest ). Once you have a forward lease commitment then close on the site. You do not want to pay XX for the site and find out certain tenants at higher rents do not want it and you are left with lower per sq ft tenants.

If this is STNL pharmacies, national gas stations, and banks pay the most for corners. If it is mid line area and not a corner  with no stop light then generally you will be looking at restaurants, dollar stores,etc.