I've been seeing a lot of quick oil change type NNN lease properties for sale in my search for a more passive 1031 investment. I'm wondering if anyone owns something of similar type and what are people's opinion in general.
Outside of the obvious risks like soil contamination (mitigated by lease terms to include environmental indemnity), fewer oil changes due to longer service intervals, and EV adoption. Is there a return which makes sense for an asset of this type for a 5-10 year hold? Lots of them are coming with new builds and the ability to take 100% bonus depreciation for a property of this kind.
Curious to hear everyone's thoughts. No investment comes without risk but how much would risk is behind these.
NNN Take 5 – How risky?
byu/nomisschris inrealestateinvesting
Posted by nomisschris