NNN Basic Facts in Finding Deals

[Sara K.]

Hi All,

I am buying my first NNN and wanted to understand the process better. To start with I was curious about the folliowing:

1) I know the Seller pays the brokerage fee, but I would like to know what brokerage fees typically are for selling a NNN? Is it lower past 1M in price?

2) Is there a database of NNN properties, like a MLS? Or do people and brokers find listings just from email lists?

Thanks,

Sara

[Dave Foster]

@Sara K.,  There's not a standard commission on sale other than what's negotiated between the listing broker and seller..  But there's a range.  I'm involved with 2 very similar transactions right now on very similar properties both in the $8 million range -both in Florida with two different listing brokers.  Listing commission on one is 2% split between selling and buying broker.  One is 6% split by listing and selling broker.  4% is very common and as you can see is in the middle between these two that feel like extremes to me.  Again this is at a level for the high range of assets.  The lower the sale the more % the listing broker will want to get as compensation for the effort to keep things equal.