Purchase Process

The process for purchasing an NNN (triple net) property can be categorized into three phases.

Review

National NNN Investment Group provides Buyer with salient property formation including
  1. Tenant (credit) information
  2. Lease terms
  3. Photos and area information
National NNN Investment Group and Buyer discuss property
  1. Lease, location and tenant
  2. Likes and dislikes
  3. Buyer’s risk/return parameters
Buyer decides to make an offer
  1. Buyer discusses pricing and terms with National NNN Investment Group and then strategizes to make an offer

Purchasing

National NNN Investment Group drafts a non-binding Letter of Intent
  1. National NNN Investment Group creates a non-binding Letter of Intent (LOI) for buyer to review, revise and sign
  2. National NNN Investment Group submits signed LOI to property Seller
Seller response and Purchase Agreement
  1. Seller responds to the Buyer’s offer
  2. If terms are met, Seller drafts the Purchase Agreement
Purchase Agreement Negotiation
  1. Buyer reviews Purchase Agreement with Buyer’s legal counsel
  2. Buyer and Seller negotiate terms of the purchase and sale

Closing

Due diligence support
  1. Seller provides Buyer with all existing due diligence documents
  2. Buyer completes inspection period and financing work (if any)
Closing/funding
  1. Buyer funds are wired to the Title Company
  2. Property title is transferred to the Buyer
  3. National NNN Investment Group sends out any remaining documents