Net Lease and STNL Curation
Single-tenant and triple-net property curation tuned to Phoenix income goals.
Overview
We evaluate corporate credit ratings, lease structures, rent escalations, and tenant creditworthiness to identify stable triple-net lease replacement properties. Our analysis distinguishes between absolute triple-net leases where tenants cover all expenses and regular triple-net leases where landlords may retain minimal structural responsibilities.
Highlights
- Investment-grade tenant credit analysis using S&P and Moody ratings.
- Triple-net lease structure evaluation distinguishing absolute from regular NNN terms.
- Corporate guarantee review and operating history assessment.
- Trade area demographic analysis with recession-resistance evaluation.
Deliverables
- STNL dossier with cash flow forecasts and break-even analysis.
- Tenant credit risk matrix comparing guarantee strength and financial stability.
- Lease structure summary detailing tenant and landlord expense responsibilities.
- Trade area heat map showing household income, population growth, and essential business demand.
Educational content only. Not tax or legal advice.
Consult a Qualified Intermediary and tax advisor before acting.
Frequently Asked Questions
What is the difference between absolute and regular triple-net leases?
Absolute triple-net leases require tenants to cover all property expenses including capital expenditures, while regular triple-net leases may require landlords to maintain structural elements like roofs and parking lots. We evaluate lease structures to ensure investors understand their specific obligations.
Do you work with investment-grade corporate tenants?
Yes. We prioritize properties with investment-grade corporate tenants featuring S&P and Moody credit ratings, as these provide exceptional security and reduced default risk compared to unrated or lower-credit operators.
How are rent escalations evaluated?
We verify rent growth schedules, renewal options, and inflation protection mechanisms to ensure long-term yield stability. Many triple-net leases feature periodic escalations that protect against inflation while maintaining consistent monthly income.
Can sale-leaseback deals be included?
Yes, provided the tenant's financial statements support the lease obligation. Sale-leaseback properties often feature corporate-guaranteed absolute triple-net leases with exceptional security.
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