1031 Exchange – Retail – Client Requirement $1.6 to $3.2 Million
IRS Section 1031 need for replacement property. Exchanger in day 4 of 45 day identification period from closing relinquished property looking for triple net retail or absolute net retail, $1.6 mil to $3.2 mil.
Exchanger prefers California triple net commercial real estate for sale , but will consider out of state. Must be credit tenant, preferably single tenant, NNN, triple net leased retail with at least seven years unexpired left on net lease. The further the property is from West LA the stronger the preference for absolute net. Corporate leased, triple net, single tenant 7 Eleven, Circle K, KFC, Chipotle, Panera, Taco Bell, Walgreen, CVS, Tractor Supply, Auto Zone, NAPA, Advanced Auto, etc. is fine. Fast food and fast casual fine if corporate lease or large franchisee.
Again relinquished property closed 4 days ago so have 41 days left in the 1031 45 day identification period. As always, pocket listing or off market would be most welcome
California, Los Angeles or Santa Monica commercial broker / agent /principal with product that meets above requirement call me, Scott Harris at 310-473-4789 or better yet, email to scottharrisrealtor@gmail.com.