On this week's podcast we talk with Alan Fruitman about single
tenant triple net (NNN) leased properties. A NNN lease helps
minimize the responsibilities for the investor since the tenant
agrees to pay all the expenses of the property including the real
estate taxes, building insurance, and maintenance.
A very interesting discussion that emerged from this episode
is the current administration's proposal to cut 1031 exchanges,
which would be a tremendous blow to real estate. If Capitol Hill
eliminates the 1031 Exchange, this will have a dramatic and
negative affect on real estate as this would decrease proceeds by
almost 50%. As a consequence, Alan predicts a heavy volume of real
estate transactions in Q3 and Q4 as investors are trying to get
their sale and 1031 exchange in before the end of 2021.
Key Discussion Points
[01:04] Opening remarks by Eric Odum and Steven
[04:55] About our guest: Alan Fruitman
[06:00] How did you get started in the single tenant
[07:23] What is Triple Net and Doubl Net?
[10:30] Overview of single tenant market
[12:38] What would you advise for a buyer of a single
[20:57] How are you finding value in this tough market /
which regions are hot markets?
[25:53] What are your thoughts on the medical triple net
[32:20] Tell us your thoughts on Capitol Hill potentially
eliminating the 1031 Exchange and it's affect on real estate
[42:36] How can folks contact you?
[43:30] Over the last 2 years, what cap rates have you
seen on single tenant deals (i.e. Walgreens, CVS, etc..)?
[47:11] Closing comments by Eric & Steven