The Single-Tenant Net Lease Guidebook — Start Here
Dwaine Clarke · NNN Deal Finder / GCT Commercial
Published July 16, 2026
This site’s net lease library, arranged as a curriculum — each entry a full guide. Bookmark this page; everything else links from it.
Foundations
Start with the triple net lease guide (the structure end to end), then the lease-type taxonomy and the NNN glossary. The pros and cons reality-checks the brochure version, and the risk taxonomy prices what can go wrong.
Structures in depth
Ground leases · double net · sale-leasebacks · gross and modified structures for contrast · leasehold vs fee · the exotic zero-cash-flow deal.
The buying process
The step-by-step acquisition guide, then diligence in two halves — the lease documents and the property itself — plus negotiation leverage, financing, and the closing paperwork decoded.
Tax and exit machinery
The 1031 pillar anchors a full exchange library; the ownership tax stack lives in benefits, deductions, and the step-up endgame.
Tenants and markets
Per-brand underwriting on the tenant directory (cap ranges, credit notes, buyer criteria for 20+ brands), geography on the state directory, sector economics from QSR to medical, and the current market read.
The working tools
Six calculators — cap rate, value, lease cost, expiry, balloon, 1031 deadlines — and, whenever reading turns into shopping, representation the listing side pays for.