There is a real bumper crop of new opportunities on the market right now for net leased retail 1031 uplegs. These are all new opportunities that have come on market in the last week.
It’s not unusual to see many triple net retail single tenant properties come on the market at this time of the year, but this year it’s unusually strong. Plus, it’s very high quality net lease properties as we’re talking Walmart, Walgreens, CVS, all credit tenants, S&P BBB or above.
Are you in your 45 day identification period? Have you closed your down leg yet? If you have a 1031 downleg about to close and you need a replacement property, now is a great time.
If you have any questions, you can reach me, Scott Harris, at 310-473-4789 or 614-905-6614