Is location the most important thing with NNN investments?

[Dan Krause]

:D As a NNN investor is location just as important as any other kind of RE investing-Location, Location, Location? Or is it not as important. Because when you approach commercial lenders they are not at all interested in the actual appraised or assessd value of the NNN property. The lender is ONLY concerned with the past 3 years, current and projected incom on the NNN lease. At least this is what i am finding. I mean-would you (as an investor) finance a NNN property in California if you live in New York even if the NNN in California had excellent financials and a high CAP rate? What do you think? Dan :D