2.6 mil Triple net investment, please advise

[George S.]

Hello community.  New investor to the market, am currently employed full time and looking for something for a passive investment.  I have been in contact with a few commercial realtors in Ohio and Georgia, they have passed over to me a few properties that are available, but really no other guidance and was wondering, what the BP community may suggest and advice on what I perceive to be the best opportunity so far that has been presented to me.  

About me, 

Employed full time

total of 800-900K Cash

passive investment, not sure if a triple net or a multifamily property is the best way to go. 

Open to investing anywhere in the US as long as the deal looks good 

Property 1

Triple net, 4 unit real estate plaza 

price: 2.65 mil 

cap: 6.4% (assuming that the 4th unit is rented)

new build, 18'

3 tenants so far, locked in for 10 yrs

2% annual rent increase 

small town, average population growth < 1% but growing 

I was told that I have to keep the details confidential, unfortunately I am not sure if I can provide further information

Any advice.  Thank you!!! 

[Taylor L.]

I would certainly invest in a coach or mentor and education on this type of investing. The brokers are trying to sell a property, you need to get as many people on your side as possible. 

<1% population growth would concern me. I'm not a triple net investor (I'm in multifamily), but unless those 10 year locks have corporate guarantees I wouldn't put a lot of stock in them

Brian Hennessey has a few fantastic books on commercial real estate due diligence, which are available on Amazon. Would be well worth reading if you're getting into this business

What are your goals with regards to getting a return on your capital?

Have you looked into Triple Net Syndication investments? Turnkey single family investments?

How much time do you have to dedicate to your investments?