Triple Net Leases and 1031

[Malcolm Pollack]

Hi all, 

I'm new to this excellent site (and have no expertise in RE investment). Thank you in advance for any help and advice!

My situation is this: I'm recently retired, and it's time to sell a building I own. There will be significant capital gains, and I would like to defer, by some sort of 1031 arrangement, the payment of tax on the capital gain. (The gain would be somewhere upwards of a million dollars.) 

I've heard that triple-net leases are a way to do this without actually having to buy a new property on my own. My understanding is that I can invest through an agent, and get a safe, trouble-free income stream (with the understanding that this would be taxed as ordinary income).

I'm afraid of making a ghastly mistake here. My questions are:

1) Is this a reasonable idea for someone in my position? 

Thanks again - I feel very fortunate to have found this forum.