New Construction NNN Properties for Sale
The freshest paper in net lease: 15–20 year corporate terms on buildings delivered this year — Chipotlanes, Dutch Bros kiosks, Wawa fuel stores, and the dollar-store pipeline that never stops.
We track developer exits across every growth market — including forward commitments on under-construction pads that never reach portals. The underwriting focus is always the same: verify the rent against the corridor, not the construction loan. Criteria in, matching pipeline out.
See the new-build pipeline
New Construction FAQs
Why do new-construction NNN deals command premium pricing?
Maximum term (15-20 years before any renewal question), current prototypes the tenant just invested in, modern absolute-net lease forms, and zero deferred maintenance by definition. Lenders quote their best terms on fresh paper. The premium is real and mostly rational — the caution is the rent, which was set by development math rather than operating history.
What should I check on a deal where the store just opened?
Rent against corridor comps (development rents can outrun markets), rent-commencement documentation (you want the lease clock actually running), completion and warranty transfers, and the trade area's delivery — a pad sold against future rooftops needs the rooftops. Developer exits are clean products when those four check; pro-forma stories when they don't.
Can I buy new construction inside a 1031 window?
Yes, routinely — contract during construction with closing conditioned on lease commencement, and it's an ordinary purchase inside your normal deadlines. What you can't do casually is fund the construction itself with exchange dollars; that requires improvement-exchange structures with their own machinery and costs. Buying the developer's finished product sidesteps all of it.
The best new builds sell before the paint dries. Get there first.
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