Is There a Such Thing as a "National" Commercial Real Estate agent? (US)
Basically i want to speak with an agent that can recommend the most appropriate market for me due to the fact that I dont have enough funds to purchase in my local market.

Does such a thing even exists or would I have to just speak to multiple different agents in different markets across the country?

Thanks!
[{"id": "fbgqcab", "text": "you have two options:\n\n1. National brokerages with offices (and licenses) in the states you operate.\n2. National consultants who work directly on behalf of their clients and are paid directly by them instead of collecting LL commissions.", "replies": [{"id": "fbgrmwa", "text": "interesting thanks but what are some known examples of those that I could look up? Im in IL, like what should I search on google to find an example of those", "replies": [], "depth": 2}], "depth": 1}, {"id": "fbgt6u7", "text": "If you can't afford property in Illinois i don't know that you are going to be able to do much better than that unless maybe you go to the South.\n\nUnless you are looking to spend at the very minimum, $2M+ you probably should just go on LoopNet and look at property yourself.  Most national brokers aren't going to want to work on tiny deals because it takes a lot of work to venture into a new market and hunt stuff down for a prospective client who isn't super experienced in the business.\n\nIf you find a property you like just call the listing broker.", "replies": [], "depth": 1}, {"id": "fbgvawp", "text": "How much do you have?  If you are trying to say you have like 100k and want a national broker to find you some random crap in Idaho from their la office thats not likelly.  \n\nIf you are saying you live in nyc or something and want to buy a 2 mil stnl anywhere in the US, that can absolutely happen .  just google stnl or nnn brokers.  They typically operate nationally", "replies": [], "depth": 1}, {"id": "fbh8b81", "text": "Good luck, I try to work with people with money. \n\nThe larger firms that have offices in multiple locations would usually refer clients to other brokers they trust is said markets. \n\nMost states also have reciprocity agreements, where sales licenses are valid is multiple states. But unless it is a triple net deal, I am not sure I would trust somebody to know all the nuances of a deal that is 2000 miles away.", "replies": [], "depth": 1}, {"id": "fbh9rml", "text": "I work on a national team. We focus specifically on STNL investment sales. I would say it is one of the few asset classes that you can work nationally since they are basically commodities and have some-what standardized returns depending on the tenant. On top of that, my team members are spread out through the US in major cities so we provide local expertise and national coverage. \n\nOverall, I think if there is a market leader in a city where we don't have a member, they might be able to provide better service as a buyer's rep from working the market so often but very similar service (if not sub-par service) on the sell-side since we have both private money and national/institutional investor platform.\n\nI would recommend looking into STNL if you're buying out of state since finding management and not seeing the property can be daunting. Many investors I work with prefer having the peace of mind of not worrying about operating expenses/taxes/insurance etc. It is all dependent on your risk tolerance. If you do not go with STNL I would only work with top producers in the markets you are considering as they will be able to provide you the best and most accurate service since they are hyper-focused in those respective markets.", "replies": [{"id": "fbhmvgq", "text": "great stuff thanks but im still wondering about 2 points: What amount would be required to put down upfront to get financing for such a sale, and what types of tenants usually look for these types of buildings (large food chains? small mini-malls? etc)", "replies": [{"id": "fbhp4rr", "text": "Not sure what you mean by \"what amount\". In percentages, it really varies depending on the risk of the investment from the lenders point of view. If there is enough return and enough credit you could do 20% conventionally but normally we work with people putting 35%+. The lender will look into DSCR, Debt Yield, and other risk metrics to determine the maximum LTV and it's usually assessed on a case-by-case basis and not a blanket set of requirements. In dollar amount, you will find net lease deals from as low as 500k - 10MM+.\n\nThe types of tenants that look into these types of lease structures don't want to rely on a landlord for maintenance or anything that may hinder their daily operations in any way. They want to do it all on their own because they have an efficient business model for their entire real estate operations. That being said, it could be any tenant that needs a big footprint without the obligation of tying up equity in their real estate and at the same time wants uninterrupted day-to-day operations...this could mean anything from fast quick service restaurants, gas, stations/convenience store, pharmacies, auto repair shops and many more.\n\nAlso take into consideration that they won't always be \"guaranteed\" by the corporation itself and many times is actually backed by a much smaller franchisee. This is just one more of the many considerations that go into investment decisions not only from an investor's (you) perspective but also from the lender's perspective on whether they lend on the deal and in determining maximum LTV.\n\nYou need to consult with someone to determine realistic investment goals  based on your resources and assess your risk profile so you can not only make a rewarding investment decision but also one that will let you sleep at night.", "replies": [{"id": "fbhru6p", "text": "great info thanks so much, can you recommend someone I can speak to or some firms I could look into to decide who I could fit with best? I don't have millions to work with", "replies": [{"id": "fc14a13", "text": "Then what are you doing?", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]