Triple check their profitability numbers.See if you can find out why they are selling a profitable property. 

As we improved the building, we notified the tenants that they were going to have to pay market rents...and ALL of them moved out (they were very angry that we have the 'nerve' to raise their rents).Two years and $150K of improvements later, we had the building fully leased on triple net leases at market rates and we sold it for $2M.

Last year alone (2023) the city spent almost a million dollars on street light repairs (tripled from where it was at in 2021. 

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

Curious what peoples thoughts are on triple net leases?

Originally posted by @Jonathan Schwartz: On the GP side, you want triples and home runs, but don't sweat it too much because even base hits will be financially rewarding. 

I retained the property on two of the locations, which I leased back to the new collision business under a Triple Net Lease with approximately $4500 -5000 cash flow monthly on each location.

I saw that Homeowner's in Louisiana also have double and triple increases in Homeowner's Insurance. 

Bottom line real estate in the right atmosphere will do extremely well, why 11 rate hikes and eventually the fed will cut rates and big problem shortage on apartments in America millions units....FYI: leverage game 1 million in my opinion will double maybe triple 7-10 years due to supply demand maybe that's why Warren Buffett just bought home builders....right??

ALL of Cleveland and the burbs, EVERYTHING has doubled, tripled or quadruped over the last 10 years.