Explore NNN Properties for Your 1031 Exchange

For investors completing a 1031 exchange, an NNN property may provide long-term rental income with fewer day-to-day management duties. Connect with our team early enough to evaluate options within your exchange timeline.

Explore NNN Opportunities

The basics

How a net lease works

01

The tenant covers the costs

In a triple-net (NNN) lease, the tenant generally pays property taxes, insurance, and maintenance in addition to rent.

02

Long, predictable terms

Leases often run 10–20 years with scheduled rent increases, which can make income easier to plan around.

03

Lighter management

Because the tenant handles most operating responsibilities, owners typically have fewer day-to-day duties.

04

Credit and lease drive value

Tenant strength, remaining term, rent bumps, and location matter most when comparing properties.

Your exchange timeline

Two deadlines to plan around

Both run from the day you close on the property you're selling.

  1. Day 0Sale of your relinquished property closes. Proceeds go to your qualified intermediary.
  2. Day 45Deadline to formally identify replacement properties in writing.
  3. Day 180Deadline to close on the replacement property.
Do your diligence. Evaluate tenant credit, lease terms, property condition, location, and pricing with your qualified intermediary, tax adviser, and legal counsel before identifying or acquiring a replacement property.

1031-suitable

Available NNN Properties