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1031 Exchange into Net Lease and DSTs

Client engaged NLX to satisfy 1031 requirements following the sale of agricultural land. Having already owned a net leased property in TX, client had strict parameters to adhere to: corporate QSR, new construction, and a solid market. We sourced and closed on a newly built, corporate-backed Chipotle in Omaha, NE that was outparcel to a high-performing HyVee. The balance of funds was applied to two (2) separate DST opportunities, which allowed our client to diversify across asset classes—retail, residential, and industrial—and across geography: Nebraska, Texas and Arizona.

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Client Testimonial:

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" This was my first 1031 exchange and I was nervous, but NLX ushered me through it with ease and confidence. An excellent advisor who made the process stress free for me. I look forward to working with NLX again." 

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Sale Price: $2,857,314

Cap Rate: 5.25%

Guarantor: Corporate

Term Remaining: 14 years

Rent Increases: 10% x 5-years

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