1031 Exchange the Down Payment on a NNN Master Lease Option Deal

[George White]

Hello - I am currently selling a 4 unit property and was approached about a Master NNN lease option deal on the property. Essentially, the buyer wants to pay my equity out of the property at lease signing then have a option to buy the property after 3 years. They intend to renovate the property in that time and buy it with the option. If they pay out my equity at lease signing, can I 1031 exchange those funds into a new property even though I technically still own the building and will for a while? Any specific processes or workarounds for this?