Cole
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Articles · 15 min read · Sep 6, 2026

How to Underwrite a C-Store Net Lease

Underwrite a convenience store net lease using fuel gallons, inside sales, rent coverage, environmental diligence, guarantor credit, and as-dark real estate value.

Articles · 15 min read · Sep 6, 2026

1031 Exchange Timeline: The 45-Day Deal Killer

The 45-day and 180-day 1031 clocks run together. Learn when to hire a QI, how to identify backups, and how to finish diligence without buying a bad replacement.

Articles · 14 min read · Sep 6, 2026

PropCo/OpCo Structure: An Operator's Guide

Learn how a PropCo/OpCo structure separates real estate from operations, how to set related-party rent, and how it affects financing, risk, and a future sale.

Articles · 14 min read · Sep 6, 2026

Sale-Leaseback vs. Bank Financing: Operator Guide

Compare a real estate sale-leaseback with bank financing: proceeds, rent, covenants, control, taxes, and the danger of over-renting your own building.

Articles · 16 min read · Sep 6, 2026

Nine Ways Net Lease Deals Are Structured

Net lease deals are acquired, assigned, extended, financed, built, and redeveloped in different ways. Learn who takes execution risk in nine transaction structures.

Articles · 14 min read · Sep 6, 2026

Estoppel Certificate vs. SNDA, in Plain English

An estoppel confirms lease facts; an SNDA governs priority and foreclosure. Learn what each document does and what buyers, tenants, and lenders should check.

Articles · 14 min read · Sep 6, 2026

Corporate vs. Franchisee Guarantee in a Net Lease

The logo does not pay the rent. Learn how corporate and franchisee guaranties change net lease credit, cap rates, value, and what to check before you buy.

Articles · 15 min read · Sep 6, 2026

Cap Rate Explained: Why It Is Not Your Return

Cap rate prices current NOI; it does not measure your complete return. Compare cap rate, yield on cost, cash-on-cash, and IRR with fully disclosed examples.

Articles · 17 min read · Sep 6, 2026

NNN Lease Meaning: Gross, N, NN, NNN, and Absolute Net Explained

A NNN lease shifts taxes, insurance, and maintenance to the tenant, but not always the roof. See how gross, modified gross, N, NN, NNN, absolute net, and ground leases differ.

Content — Cole Borror