If I were a phycologist, dentist or doctor in my mid 40’s and was in a 1031 exchange I would jump on this so fast it would make your head spin! The only issue is that that there is a good chance that the tenant (Jack in the Box) has a right of first refusal (ROFR) and I think they just might execute on this purchase due to the price being less than replacement cost. It could be an issue if you’re in an exchange and running out of time because the tenant has 14 days in this deal to make up its mind! This can ruin your 1031! In addition to this issue there is also a potential issue with the seller wanting to make this deal subject to finding a suitable exchange himself, which is part fantast and part reality, and I have been seeing more and more of this these days. This can turn into a quagmire and also ruin your exchange.https://www.visitanaheim.org
I Would grade this deal an “A” for all the obvious reasons except the ROFR. This is better than any US treasury bond and anyone in their mid 40’s with family should consider this deal for a 1031 exchange. The lease has 16 years left, so you have to wait this out to get to the higher returns. https://www.jackinthebox.com
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