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Updated over 5 years ago,
2.6 mil Triple net investment, please advise
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!!!