SA133 | Passive Investing in Single-Tenant Net Lease with Neil Wahlgren
Neil Wahlgren
A Single Net Lease is a type of real estate investment where the tenant is responsible for all property-related expenses, including property taxes in addition to rent. It is also known as Net Lease or NNN and a good choice for investors who don’t have enough time to manage a property. There are still a lot of things that people should know about this type of real estate asset class before investing. Today, Neil Wahlgren discusses industrial single-tenant net lease and the most important things that people should know about NNN. He also shares the key to successful investing in this type of property.
What You’ll Learn From This Episode:
- Neil’s Air Force/Military Pilot Background and His Transition to Real Estate Investing
- Importance of Creativity and Understanding Risks to See the Benefits in Real Estate
- What is Single-Tenant Net Leases (NNN) and What Passive Investors Can Expect
- What is Sale-Leaseback and How it Works
- How Single-Tenant Net Leases (NNN) Creates Value for Investors
- Risks Involved by Investing in Single-Tenant Net Leases (NNN)
- Common Questions that Passive Investors Typically Ask if They’re Looking to Invest in NNN
- What Will Happen if the Tenant Wants to Exit the Lease Within Rent Terms or Agreement
- Markets Where Net Leases Typically Found
- Property Management for Triple Net Lease
- Getting a Loan from a Bank and Lending Process to Finance Net Lease Projects
- Additional Things that People Should Know About NNN Lease
- Taking Actions When You Get Started and Handling Setbacks in Real Estate
- Importance of Communication to Value and Build Trust With Investors
Guest Bio:
Neil Wahlgren brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital Partners, he led a Bay Area real estate investment firm, raising capital for over $200M in projects. Before that, he piloted the C-130 in both the Air Force and Navy, logging over 2500 flight hours with combat tours to both Iraq and Afghanistan and concluding his military career as a Lieutenant Commander. Mr. Wahlgren resides in San Francisco with his fiancé and son and enjoys flying & sailing. He holds a BS from the Air Force Academy, an MBA from Texas A&M and an MS from Troy University.
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Connect with Neil:
Email: neil@magcp.com