1031 exChange now for a NNN property. What should I be looking 4?

[Justin Lau]

Hello, I am in the middle of a sale and anticipating a 1031 exchange for a NNN. I'm looking at my options. I'm looking primarily in the northeast (MA). I'm seeing 4.5 to 6% caps for 1.5 to 2.3 million dollar properties. Interested in getting one of these but seeing only 5 years left on leases with options but hard to anticipate tenant will resign. Looking at banks, fast food. Not so sure about dollar general but they seem to have longer leases. looking to put down more equity and new mortage for a longer lease NNN but lower cap (10-15 years) to have stable income. Franchise vs Corporate? How's to plan for stagflation looking economy. I plan to also diversify my portfolio with residential condos outside the greater boston area. Thank You!