In this episode, co-hosts Adam Carswell and Michael Flight are joined by special guest Jeffrey Cermak, Founders and Managing Partner at Incline Advisors, to discuss the booming Triple Net (NNN) real estate space during a time when essential businesses are dominating the market and keeping investors profitable. Jeff shares his experiences dealing with large brand-name corporations in his 30+ years of working in commercial real estate as well as what makes these quality tenants stand the test of time. Michael, Adam and Jeff also talk about the crucial aspects of picking a property that will lead to financial success for tenants’ businesses, especially the importance of location and customer experience. They wrap up the episode with a look at how office spaces are looking for interested investors and what Jeff has transitioned to working on in the net lease real estate realm, as well.
Michael and Adam would like to give a huge thanks to Jeff for coming on the show and sharing their knowledge and experience with the Nothing But Net community.
Contact Jeffrey Cermak:
jcemak@ccim.net
http://www.inclinecre.com/
For more than 30 years, Jeff Cermak has been enjoying his passion; working commercial real estate. Many recognize Jeff as an industry market expert…whether an assignment involves leasing, acquisition, disposition, development, site selections or creating real estate best practices, Jeff has structured results in some of the most challenging situations.
Many recognize Jeff as an industry market expert…whether an assignment involves leasing, acquisition, disposition, development, site selections or creating real estate best practices, Jeff has structured results in some of the most challenging situations. He has gained his commercial real estate acumen from years of employment in the real estate departments of McDonald’s, Starbucks, True Value and Ace Hardware Corporation.
Additionally, he has been the director of acquisitions for Bridgestone-Firestone’s preferred developer, and a resident consultant for 7-Eleven, TMX Finance along with a host of local and regional small and mid-sized businesses. Complementing his extensive corporate experience, since 2016 Jeff has consulted in the Public Sector for local villages and the Southland Economic Corporation, which consists of a consortium of Mayor’s and City Manager’s from nearly 50 suburban municipalities. Rounding out Jeff’s corporate, private and public experience Jeff has completed transactions as a broker with either CBRE, JPA/Americorp or Incline Advisors, where he is the founder and currently the managing partner. Among concerns he has represented are Family Dollar, TitleMax, Washington Mutual, Old Country Buffet, FootAction USA, American Express, Boston Market and a host of small and mid-sized local and regional concerns. Jeff is an expert at marketing and exposing real estate. He has successfully marketed and sold millions of dollars of Chicagoland assets including REO assignments for Amcore, The Great Bank, Private Bank, PNC, The FDIC and a host of institutional investors and private entrepreneurs. Jeff has completed transactions on free standing retail, investment properties, multifamily and mixed use, industrial, office, value added, special use, land and vacant commercial real estate. Further deepening his experience Jeff had his own property management company for over 15 years, managing properties for institutional and private owners, as well as his own account.
Timestamped Shownotes:
01:52 – Host Adam Carswell and co-host Michael Flight, CEO and co-founder of Liberty Real Estate LLC (Liberty), introduce special guest Jeffrey Cermak, Founder and Managing Partner at Incline Advisors
06:04 – How does the location of Triple Net (NNN) properties affect the business’s success?
09:41 – What criteria does a McDonalds property have to meet to build in the wanted location?
11:32 – What is the concept of the “deterioration of the population”?
12:43 – What other factors do successful NNN real estate properties have at their building locations?
14:27 – What is one strategy tenants and buyers use for Triple Net leased properties to combat a saturated real estate market?
16:07 – Why is customer experience so crucial for the success of Single Tenant Net Lease (STNL) properties?
16:43 – How are essential businesses, like McDonalds and Starbucks, handling COVID-19 restrictions and business operations?
20:11 – What aspects are keeping essential businesses and STNL properties alive during tough economic times, like the pandemic?
22:13 – What are some key factors to choosing a quality location for Triple Net leased real estate?
23:27 – What should investors look at when renewing a lease for NNN properties?
26:03 – Why is it advantageous for landlords to be proactive with STNL and NNN lease renewals?
27:15 – What does Jeff expect to happen in the office space market for real estate?
28:49 – What has Jeff been working on recently in the commercial real estate space?
31:22 – What is the hermit crab theory?
33:58 – Jeff shares as a piece of wisdom for investing in Triple Net real estate?
Key Points:
1. Triple Net (NNN) and Single-Tenant Net-Lease (STNL) properties need good, high-visibility locations to thrive
2. Importance of forming quality relationships with creditworthy tenants and creating a good customer experience
3. Opportunities to generate and preserve wealth with Single Tenant Net Lease (STNL) real estate investments
4. Growth and expansion of Triple Net (NNN) lease investment market
For more information contact us here and mention Nothing But Net or simply NNN:
For more information on:
Liberty Real Estate Fund LLC (https://libertyfund.io/)
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