Sold
Sold
Multifamily replacement sourcing across Missouri submarkets, with rent-roll screening, debt review, and a submittal package built for the.
Explore
Identify Missouri industrial replacement property for a 1031 exchange with building specification, lease review, and corridor-level submarket.
Explore
Retail center and freestanding retail sourcing across Missouri submarkets, with tenant mix review and a submittal package built for exchange.
Explore
Sourcing scope for Missouri medical office replacement property, covering tenant review, buildout risk, and submittal packages inside the 45-day.
ExploreNet lease and single-tenant sourcing is run against a fixed credit and lease-term scope before any candidate is circulated. Tenant guarantor strength, remaining lease term, and rent escalation structure are logged first, and the submittal package reflects those line items directly rather than location alone. A candidate that looks strong on price but weak on guarantor strength is flagged before it reaches the exchanger's desk.
The search scope specifies acceptable guarantor tiers, minimum remaining lease term, and rent structure, whether absolute net, double net, or ground lease. Corporate-guaranteed leases are separated from franchisee-guaranteed leases in every submittal, since the risk profile differs even when the brand name is the same.
Minimum remaining lease term is set in writing at the outset, since a strong tenant on a short lease still carries meaningfully more rollover risk than a similar tenant with a decade remaining, even at the same headline rent.
Rent escalation structure is also fixed in the scope, since a flat lease with no scheduled increases is priced and underwritten differently than one with fixed annual bumps or periodic market resets.
Highway-corridor candidates along I-70 and I-44 make up a large share of the Missouri net lease search, with pad sites and freestanding buildings near interchanges in the Columbia, Springfield, and Joplin areas. St. Louis metro submittals lean toward suburban retail corridors, while small-town Main Street storefronts are reviewed separately from corridor pads because traffic counts and exit strategy differ.
Kansas City candidates are tracked for statewide comparison rather than worked as a standalone corridor.
Interchange visibility and access are logged for every corridor candidate, since two pad sites at the same price can carry very different resale profiles depending on turning-lane access and posted speed at the intersection.
Corridor candidates are also compared against nearby competing pads from similar brands, since an oversupplied interchange can put pressure on rent renewal even when the specific tenant's own sales performance looks stable.
The following items are confirmed for every candidate before it moves toward the identification package.
A missing estoppel certificate is treated as an open item, not a minor formality, since it confirms the lease terms match what the seller has represented.
Candidates are flagged for traffic-count decline, upcoming lease expiration without renewal exercised, and single-location franchisee guarantors with thin balance sheets. A pad site with strong brand recognition but a weak franchisee guarantor is noted plainly rather than folded into a general recommendation.
Where a franchise brand has recently changed ownership or restructured its royalty terms, that context is noted separately, since it can affect the guarantor's ability to support rent through the remaining lease term.
Nearby vacant pads or recently closed locations from the same brand family are also checked, since a wave of closures elsewhere in the market can be an early signal worth flagging even when the specific candidate remains open.
Cleared candidates are compiled into a submittal package with lease abstracts, guarantor summaries, and financing terms attached, then routed to the qualified intermediary and the exchanger's lender and tax advisor for parallel review ahead of the identification deadline.
Each package includes a one-page comparison sheet across all active candidates so the exchanger can weigh guarantor strength, remaining term, and price side by side rather than reviewing each file in isolation.
Any open diligence item is carried forward on the comparison sheet in plain view, rather than buried in the full file, so the exchanger always knows what still needs to close out before a candidate is truly ready for the identification letter.
A corporate guarantee ties rent obligations to the parent company's balance sheet, while a franchisee guarantee ties them to a single operator; the submittal package separates the two so the exchanger can weigh the risk directly. Franchisee financials are requested whenever they are available.
Yes. Ground leases carry separate diligence items covering reversion terms and improvement ownership, and they are flagged as a distinct candidate type rather than mixed in with fee-simple net lease properties. Reversion timing is checked against the exchanger's expected hold period.
Interchange-adjacent pad sites along those corridors make up a large share of available candidates statewide, so traffic count and interchange access are tracked as standard line items on every corridor submittal. Access changes from planned road work are also flagged when known.
It can be included with the short term clearly flagged; the exchanger and tax advisor decide whether the shorter remaining term fits the replacement strategy before it goes on the identification letter. Pricing on short-term candidates typically reflects the added rollover risk.
The unexercised option is flagged rather than assumed, since a tenant is not obligated to renew until the option is formally exercised, and the submittal package notes the deadline by which the tenant must decide.