Who are your favorite NNN tenants at different price point?
Just getting into the NNN investment game. Who do you all like at different price points? 

For example 1-3M, 4-8M, 9M+

Thanks!
[{"id": "iu0a9h7", "text": "1-3M DG, 4-8M Walgreens, 9+ depends on the deal", "replies": [{"id": "iu0hf40", "text": "Whats DG, mom and pop commercial tenants?", "replies": [{"id": "iu0jan9", "text": "Dollar General", "replies": [], "depth": 3}, {"id": "iu0mj09", "text": "Dollar General I suspect", "replies": [], "depth": 3}], "depth": 2}, {"id": "iu0sbnn", "text": "Safe tenants but the lack of rental increases make them less attractive in an inflationary environment.", "replies": [{"id": "iu1fhy5", "text": "The only people who I know that like them are those who are hedging against inflation in other currencies,", "replies": [{"id": "iu1ji78", "text": "Buy US treasuries... Also, how does it make sense when inflation is also running rampant in the United States? Buying a flat rent net lease asset doesn't help.", "replies": [{"id": "iu1srkz", "text": "If you think this is rampant inflation, you clearly haven't visited a good portion of the global south", "replies": [{"id": "iu1z3ds", "text": "Most of us are not oblivious to the all too redundant headlines about how countries like Venezuela, Argentina and the like are suffering through what can be considered 'hyper' inflation. However, what we are experiencing in the U.S. is no short of being considered rampant.\n\nIrrespective of what your definition of rampant is, parking your money in DG net lease properties is the least sensible way to invest in real estate in an attempt to 'hedge against inflation'.", "replies": [], "depth": 6}], "depth": 5}, {"id": "iu45hic", "text": "US treasuries can't be leveradge and don't yield as much.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iu2vdvk", "text": "Who is DG?", "replies": [{"id": "iu2w5fc", "text": "Duane Greed (Dollar General I assume)", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iu0lr2l", "text": "Dollar General's are mailbox money.", "replies": [{"id": "iu0setk", "text": "Up until they leave and you\u2019re stuck with a 12k sf building in the middle of nowhere. Plus, no rental increase during the initial term of the lease.", "replies": [{"id": "iu1g4yb", "text": "&gt; Up until they leave and you\u2019re stuck with a 12k sf building in the middle of nowhere. Plus, no rental increase during the initial term of the lease.\n\nWell, you usually do an analysis and have reserves for when that happens.", "replies": [{"id": "iu1jdru", "text": "You can have an infinite amount of reserves... That ain't going to help you find a tenant in the boonies that is going to pay the same rent as DG.", "replies": [{"id": "iu2d7pb", "text": "In areas I have seen rural DHs - there are no other tenants - none even remotely possible. Might as well hand the keys to the bank when they leave.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iu10i1e", "text": "They are until they aren't.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iu0owx8", "text": "Dg is a solid company with solid financials. Same with Walgreens. I have 15+ new construction DGs in different states, when they were being released in the high 4% caps, investors ate them up. Now their being released at low to mid 5s and they practically fly off the shelves. Who doesn\u2019t love mailbox money?", "replies": [{"id": "iu0vola", "text": "I think it's a bit of an over exaggeration that they're flying off the shelves. They certainly are not. With the lack of rental increases in the initial term and the 10 year UST hovering at or above 4%, asking in the 5% CAP range doesn't make sense for these assets, especially as most are located in super tertiary markets. There is no play in the future to replace those rents, if, by chance, DG were to terminate their lease.\n\nYou're better off with a well located QSR property with a drive-thru component leased to a franchisee with decent financials that also includes scheduled rental increases. More flexibility in the future for retenanting, if user was ever to leave.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iu0smut", "text": "Have you witnessed many DG's moving out?  Someone has to serve the rural community.", "replies": [{"id": "iu0yaxp", "text": "not from your building they don't.  I think it was a fd not dg but we lost one because they took a vacant space adjacent to our property.  \n\nThat property was vacant for close to a decade with the occasional flea market or day care tenant.  The other thing that city made the news for during this time was some high school girl tried to hold a BLM rally and the towns folks decided they were going to riot so they all setup snipers nests and invited motorcycle gangs to come in for security.  So a dozen peaceful protesters got beat up and it made national news.\n\nThere is shit that happens in rural communities you just don't want to deal with, those things are cheap for a reason", "replies": [{"id": "iu12lcc", "text": "Seems a bit toward the exception, may be not the rule?  I get it, cheap Chinese crap.  But dang, as a corporation, they have been crushing their financials.", "replies": [{"id": "iu14gip", "text": "Getting paid isnt the issue, its the releasing risk, which my point was many of these are in tough markets.  You asked if they are leaving markets, my point was they dont have to leave a market to leave you holding a bag as those markets have many cheap relocation options", "replies": [{"id": "iu1e8sw", "text": "I agree with this. What is to prevent them when 10 to 15 years down the line they decide to move a few blocks away in a growing commercial retail node? Their buildout is nothing special. Just a vanilla box. Likely cheaper for them to relocate rather than spend $$ on maintenance. They're not located in infill MSAs.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "iu1zv7o", "text": "Curious what you did with the now vacant FD space? What tenant did you get to backfill it? Disposition of the asset?", "replies": [{"id": "iu220eb", "text": "Leased it to local tenants with mtm and like 1 year terms while listing it for sale hoping someone would make it go away.  It sold vacant eventually.  At least it was near our market but it was like a 90 min one way drive.  Getting contractors out there sucked.\n\nIf that thing was a plane ride away I cant even imagine lol.  You have to understand when these things expire they are beat to shit too.  New roof, new parking lot, etc are on the table.  The locals all know each other too and dont know you.  \n\nI'm not saying its the worst investment idea but folks get caught up on the cap without understanding its higher for a reason.  Id sure model a non renewal and see what that looks like as a 10 cap with a local tenant on a short term lease and your time holding whatever local agents hand you can find......", "replies": [{"id": "iu23gbe", "text": "Thanks.\n\nIts these scenarios I don't hear enough about. How to retenant, expected value as a vacant building, etc.\n\nIm a physician who loves the cash flow from CRE and am not a RE pro who makes money forcing value on short holds, flips, making deals. I'm a long term hold guy, not a broker/analyst. So I've always been focused on investing in solid areas, with good demographics because of the inherent risk that can occur at the end of a long lease.", "replies": [{"id": "iu240ct", "text": "If you do invest somewhere more speculative I agree with the guy who said to look at fast food.  Much easier to release there either local or national/regional", "replies": [{"id": "iu2izx0", "text": "Since I have the famous numnumlobster, might try to sneak on one more question. \n\nDoes the number of lease options relfect the corporate tenants demographic and growth research of a particular site?\n\nFor example: a SB store that has only 3 lease options vs 1 that has 6 options to extend. Does this imply that SB \"feels better about the latter site? I assume so, but not sure if thats just wistful thinking.", "replies": [{"id": "iu5kg9d", "text": "Not sure I'm famous but I'd actually defer that question to someone who does more STNL at a national scale.  I think it probably depends a lot on the specific tenant.  \n\nI'd assume it has more to do with the tenants strategies and how the deal with the developer was negotiated more than anything else and is probably not very location specific.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}, {"id": "iu2warv", "text": "This", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "iu3khny", "text": "TIL FD is https://en.m.wikipedia.org/wiki/Family_Dollar", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iu2fs0n", "text": "1-3 M:\nA chick fila or McDonald\u2019s, etc.\n\n4-8:\nA second chick fil a or McDonald\u2019s, etc \n\n9M plus:\nMore chick fil a and McDonald\u2019s", "replies": [{"id": "iu3sr1t", "text": "Doesnt maccas own the property?", "replies": [{"id": "iu4qc57", "text": "They own most of their locations but many others are triple net land leases. \n\nhttps://finance.yahoo.com/news/owns-more-land-bill-gates-132113385.html", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]