What needs to be considered when purchasing a net leased investment property out-of-state?
Location and demographics are important considerations when purchasing out-of-state property. Accessibility to the property should be considered as well as the proximity to other national tenants. Since building codes, regulations, and local city ordinances vary from state to state, it is important to have the purchase agreement and the property due diligence documents reviewed by an attorney who is familiar with the laws in the state where the property is located. Back to top • Why invest out-of-state? Triple net leased properties are one of the most sought-after types of real estate investment. The market is very competitive, and the correct timing of a purchase offer (LOI) is imperative for securing this type of investment property. By purchasing an out-of state property, an investor will normally have a greater likelihood of generating a higher cash return. Back to top • Is a hard corner location an important factor when considering the purchase a single-tenant net-leased retail pr
