NNN 7-Eleven property NNN 7-Eleven property Amazon Last Mile facility Amazon Last Mile facility entrance Amazon Last Mile facility NNN JPMorgan Chase Bank property NNN CVS Pharmacy property NN FedEx Ground facility NN FedEx Ground facility NN LA Fitness property NNN McDonald's property Publix Super Market property Red Lobster property Taco Bell property NNN Walgreens Pharmacy property NNN Walgreens Pharmacy property NNN Wawa property NNN Wawa property
Tax Strategy · 1031 Exchange

Defer Capital Gains.
Preserve Your Wealth.

The 1031 exchange is the single most powerful tool available to real estate investors — and NNN triple net properties are the ideal replacement asset.

A 1031 exchange (IRC Section 1031) allows investors to sell investment real estate and reinvest into qualifying replacement properties while deferring capital gains taxes. Done correctly, exchanges can be rolled forward indefinitely, building generational wealth without a single dollar lost to the IRS at the time of sale. Single tenant net lease (NNN) properties — with their passive income, corporate tenants, and long lease terms are widely regarded as among the cleanest, most reliable replacement assets available.

Solid Investments FL is a Florida based commercial real estate brokerage specializing in single tenant net lease (NNN) investments and 1031 exchange buyer representation. Headquartered in Lakewood Ranch (Sarasota), Florida, we help investors across Florida and nationwide identify, evaluate, and acquire NNN investment properties.  21+ years. 225+ transactions. Over $1 billion in career volume.

Our buyer representation is always free to you.

The Exchange Timeline

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Day 0
Close on Relinquished Property
Your property sells. Proceeds are transferred directly to a Qualified Intermediary (QI) — you cannot take constructive receipt of the funds.
Exchange Begins
📋
Day 45
Identify Replacement Property
You must submit a written identification of your replacement property (or properties) to your QI. No extensions — this deadline is absolute.
Identification Deadline
🔑
Day 180
Close on Replacement Property
You must close on your identified replacement property within 180 days of your original sale. Taxes are deferred — your equity rolls forward intact.
Exchange Deadline

You Have Three Options for Identifying Replacement Properties

Most Common
3-Property Rule
Identify up to 3 properties of any combined value. You may close on one, two, or all three. This is the most commonly used rule and the simplest to comply with.
Flexibility Option
200% Rule
Identify any number of properties, provided the total fair market value of all identified properties does not exceed 200% of your relinquished property's value.
Advanced Strategy
95% Exception
Identify any number of properties at any total value, provided you actually close on at least 95% of their combined fair market value. Rarely used, but available for complex portfolios.

Backup tip: Many of our 1031 clients list a DST (Delaware Statutory Trust) as a backup on their 45-day identification, a simple safety net if a property deal falls through late in the exchange. Learn how DSTs work →

Why NNN Properties for a 1031 Exchange

🏛️
Zero Landlord Obligations
In an absolute NNN lease, the tenant is responsible for all property expenses — taxes, insurance, and maintenance. You collect the check. That's it.
🏢
Corporate-Grade Guarantees
Your lease is backed by Fortune 500 companies — McDonald's, Walgreens, 7-Eleven, Chase Bank, Dollar General. Investment-grade credit at the corporate level.
⏱️
Close Within Your 180-Day Window
NNN transactions close in about 30 days for cash buyers and about 60 days with financing — no construction, no renovation, no surprises. The tight exchange deadline is rarely an obstacle with net lease.
📈
Predictable, Long-Term Income
Leases typically run 10–25 years with built-in rent bumps of 5–10% every 5 years — or 1–2% annually. Contractual income that compounds over time.

1031 Exchange & NNN FAQ

Who can help me find a NNN property for a 1031 exchange in Florida?

Solid Investments FL is a Florida NNN buyer's brokerage headquartered in Lakewood Ranch (Sarasota), serving investors across Florida and nationwide, and specializes exclusively in representing buyers of single-tenant net lease properties — including 1031 exchange investors. With 21+ years of experience, 225+ transactions and over $1 billion in career volume, we help investors identify, vet and close NNN replacement properties in Florida and nationwide within their 45-day and 180-day exchange deadlines. Our buyer representation is free.

Do I pay anything to use a NNN buyer's broker?

No. Solid Investments FL's buyer representation is free to you. Our commission is paid by the seller through the listing side at closing, so you get an experienced advocate on your side of the deal at no cost.

What is a 1031 exchange?

A 1031 exchange (IRC Section 1031) allows you to sell an investment property and reinvest the proceeds into a like-kind replacement property, deferring capital gains taxes in the process. To defer all of the tax, you generally need to reinvest all of the net proceeds and buy property of equal or greater value. Done correctly, exchanges can be rolled forward indefinitely to build generational wealth.

How long do you have to identify a replacement property in a 1031 exchange?

You have 45 days from the close of your relinquished property to identify your replacement property in writing to your Qualified Intermediary. This deadline is absolute — no extensions are permitted.

How long do you have to close on a replacement property in a 1031 exchange?

You must close on your identified replacement property within 180 days of selling your relinquished property, or by your tax return due date (including extensions) if that comes first. NNN triple net properties typically close in about 30 days for cash buyers and about 60 days with financing, making them well suited to meeting this deadline.

What is the 3-property rule in a 1031 exchange?

The 3-property rule allows you to identify up to 3 replacement properties of any combined value within your 45-day window. You may ultimately close on one, two, or all three of the identified properties.

Can I do a 1031 exchange into a NNN property in another state?

Yes. Any U.S. real property held for investment or business use is like-kind to any other, so you can sell in one state and buy a NNN property in another. Some states (California, for example) track deferred gain on property sold there, so confirm the details with your CPA and Qualified Intermediary.

Can I exchange a rental house or land into a NNN property?

Yes. A rental home, apartment building, raw land or commercial building held for investment can all be exchanged into a single-tenant NNN property. Many investors use a 1031 exchange to trade hands-on rentals for passive, corporate-backed net lease income.

Why are NNN properties ideal for a 1031 exchange?

NNN triple net properties are ideal 1031 exchange replacements because they close quickly (about 30 days for cash buyers, about 60 days with financing), require little to no landlord management, are backed by corporate tenants such as McDonald's, Walgreens and Chase Bank, and provide long-term predictable income with built-in rent increases.

This is general information, not tax or legal advice. Consult your CPA, attorney and Qualified Intermediary about your specific exchange.

Ready to Begin Your 1031 Exchange?

We specialize in identifying and closing NNN replacement properties within your exchange window. Our service is completely free to the buyer.

📞 954-296-6955  |  11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211

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