NNN Invest - 2021 Year In recap

[Joel Owens]

2021 was a great year business wise.

Had lots of great transactions with clients buying NNN properties.

Personally I bought a value add 14k sq ft retail center and a dark auto store to reposition.

Additionally closed on a dark building right next to a new Amazon facility going up and looking at buying a dark bank to close maybe early next year.

I like retail value add as the goal is to stabilize in under 1 year and exit in about 3. Close to full value is realized when tenant signs new primary least term. 

Looking forward to 2022 will be looking to acquire multiple properties or more each month for value add repositioning and stabilization. These properties tend to be in warm belt states where a lot of tenant expansion plans are occurring. The tenants favor pro-business states, friendly employer laws, and low taxes.

I hope everyone had a merry Christmas and has a GREAT New Year's!