Real estate
Location
Evaluate access, traffic, demographics, alternative uses, replacement cost, and local rent support.
Investor knowledge center
Net Lease Investment Resources
Practical guides and calculators for evaluating NNN properties, modeling lease economics, navigating 1031 exchanges, and understanding current real estate tax rules.
- Free calculators
- 3
- Investor resources
- 5
- Content reviewed
- 2026
- Tool access
- No login
Analyze the numbers
Free commercial real estate calculators
Start with the decision you need to make. Each calculator includes the formula, a worked example, interpretation guidance, and assumptions to verify.
Investment analysis
Cap Rate Calculator
Calculate cap rate, net operating income, or property value and understand what the result means for a net lease investment.
Lease economics
NNN Lease Calculator
Estimate base rent, taxes, insurance, CAM, all-in occupancy cost, escalations, and broker commissions.
Exchange timing
1031 Deadline Calculator
Calculate the 45-day identification and 180-day exchange deadlines from a relinquished-property closing date.
Build your strategy
Investor guides grounded in current rules
Answer-first explanations of the structures, deadlines, and tax concepts that shape net lease transactions.
1031 Exchange Guide
Understand qualifying property, qualified intermediaries, identification rules, boot, replacement debt, and required deadlines.
Bonus Depreciation Guide
Learn how the current 100% federal deduction can apply to eligible short-life components identified through cost segregation.
NNN fundamentals
How to evaluate a net lease property
Net lease investing can reduce day-to-day landlord responsibilities, but the quality of the income stream still depends on the tenant, lease, real estate, and purchase basis.
Lease
Obligations
Confirm who pays taxes, insurance, CAM, roof, structure, parking, and capital replacements.
Income
Term & bumps
Model remaining term, rent increases, options, guaranty, assignment, and termination language.
Returns
Basis & exit
Compare cap rate with market rent, financing, capital needs, residual value, and buyer demand.
- Read the complete lease and amendments
- Verify current rent and expense reimbursements
- Review tenant credit and unit-level performance where available
- Inspect roof, structure, parking, systems, and environmental records
- Compare contract rent with market rent
- Model renewal, vacancy, and re-tenanting scenarios
Clear answers
Frequently asked questions
Straightforward answers to the questions investors ask most often.
What is a net lease investment?
A net lease investment is commercial real estate in which the tenant pays some or all property expenses in addition to base rent. In a triple net lease, those expenses typically include property taxes, building insurance, and common-area or property maintenance, subject to the lease language.
What should I review before buying an NNN property?
Review the tenant's credit and operating history, remaining lease term, rent escalations, renewal options, assignment and guaranty language, roof and structure obligations, local rents, property condition, basis, and exit liquidity. The lease controls the economics, so read it rather than relying on the NNN label alone.
How is a cap rate calculated?
Cap rate equals annual net operating income divided by property value or purchase price. Financing, income taxes, depreciation, and capital expenditures are normally excluded from NOI, so cap rate is an unlevered property-level metric.
Can a net lease property qualify for a 1031 exchange?
Generally, U.S. real property held for investment or productive use in a trade or business can be like-kind to other qualifying U.S. real property. A qualified intermediary must be engaged before the relinquished-property closing, and strict identification and exchange deadlines apply.
Put the research to work
Compare active net lease listings by tenant, location, price, and cap rate, then use these tools to pressure-test the opportunity.