NNN Suggestions
I am entering Commercial Brokerage with M&amp;M, I have almost 2 year experience but will be taking a new approach. I am looking to start prospecting more NNN properties. I live in Miami, but our firm has reach nationwide, i would like to focus in South Florida/Florida. Anyone have any suggestions on what product types are ripe in the NNN market? So far im liking Dollar General's, Furniture Sores, maybe Banks too. Trying to find a specialization with little competition... Thanks for your input  
[{"id": "cp3pb9v", "text": "Pardon my ignorance, but what is a NNN property? I know what triple nets are, but I've never heard of a \"NNN property\"", "replies": [{"id": "cp41v36", "text": "Its just short hand for triple net", "replies": [{"id": "cp42b2u", "text": "And triple nets are usually money on top of normal rent that is paid to the landlord to offset their costs of maintaining a building while its being leased... So I don't see what your post is asking \ud83d\ude33", "replies": [{"id": "cp46ae2", "text": "expenses can be paid directly by lessee or reimbursed to landlord, yes.... What im doing is looking for some ideas of who to target for business and brokerage services in the NNN asset class. For instance alot of people will target Fast food/ Quick Service Restaurants like mcDonalds, taco bell ect... another asset class might be Auto companies like Naapa or Autozone. Im looking for either an asset class or particular asset that isnt already targeted heavily from national brokerage firms...Basically looking for some insight on what to specialize in within the NNN specialization.  Thanks\n", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cp422g8", "text": "Just to clarify I realize nothing that makes $$ will have \"little competition\" but i'm hoping to find an investment group that hasn't had much attention from national firms, but still represents a good investment opportunity for my clients and has good credit/strong industry behind it.... something sell-able...with few to no people focusing specifically on...Basically a good NNN niche", "replies": [{"id": "cp5x6mx", "text": "Your office should have a NNN expert. Any NNN credit tenant will trade at a price so you shouldn't necessarily limit yourself to a specific tenant or type of tenant. Its all about sourcing and there's no correct way to source deals. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "cp67vm5", "text": "from my little bit of experience, NNN are eaten up.. but I've been looking into self storage lately. I actually like the self storage business model and I'm going to focus some of my time on them. I don't know how the self storage business is in Miami with it being a mature city but I'm sure its lucrative. In my market there is room to grow with self storage. But future outlook, keep an eye on the marijuana industry. There will be tons of NNN credit worth tenants emerge once that gets legalized in florida trying to get their share of that huge industry (Retail, bakery, etc.). Maybe a great potential niche with you being mid-level experience. Personally, I'm brand new to the business so I've been brainstorming as much as possible to try and figure out what sector I'd like to go into. I'm with SVN. Good luck to ya", "replies": [{"id": "cp6toro", "text": "Have you seen weed related NNN's trading in CO/WA etc?  or anyone else?  I'm curious about this now.  I'd have figured most of them were far below credit grade and there was too much uncertainty about that entire thing.  Maybe I'm way off though.", "replies": [{"id": "cp7c5ut", "text": "personally no.. but big business will surely buy out a startup and pump tons of money into it. once big business buys it then itll be credit worthy", "replies": [], "depth": 3}, {"id": "cp94b90", "text": "to be honest i really dont think you will have national credit weed tenants any time soon... Thats going to be mostly local tenants and local business owners... maybe after the majority of states have legalized and the taboo goes away then MAYBE. I wouldn't hold my breath....", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cpkanrx", "text": "good friend of mine used to work for a PE shop that only bought NNN. He quit because it was getting too shady. They started buying stuff that was more or less worthless after the lease term expired just because that's the only place they could find yield anymore. ", "replies": [], "depth": 1}]