STNL Property Identification

STNL property identification service specializes in sourcing single tenant net lease properties with long term leases that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on STNL assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.

Our team maintains relationships with STNL brokers, net lease sponsors, and institutional sellers across all major markets. We provide property underwriting, lease term analysis, and tenant credit reviews specific to STNL assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.

Chicago, IL investors benefit from our specialized focus on STNL properties, which offer passive income with minimal management requirements and long term lease stability. We understand the specific requirements for STNL replacement property identification and can help structure exchanges that comply with IRS like kind rules while meeting investment objectives for passive income and credit tenant security.

What We Include

•Specialized STNL property sourcing nationwide
•Single tenant net lease opportunity identification
•Long term lease analysis and tenant credit reviews
•Cap rate comparisons and market data specific to STNL assets
•Coordination with Qualified Intermediary for identification letters
•Qualified escrow coordination for one hundred eighty day closings
•Daily deadline monitoring for forty five day and one hundred eighty day milestones
•Property underwriting summaries specific to STNL assets

Common Situations

Chicago, IL investor selling commercial property and needs to identify STNL replacement properties within forty five days

Investor seeking single tenant properties with long term leases and needs specialized STNL sourcing support

Investor with multiple STNL identification options and needs underwriting analysis to make selection decisions

Example of the type of engagement we can handle

Service Type

STNL Property Identification

Scope

Identify STNL replacement properties with long term leases across major metropolitan markets nationwide within forty five day deadline

Client Situation

Investor selling Chicago retail property and needs to identify STNL replacement properties with investment grade tenants and ten to twenty year leases in multiple markets before forty five day deadline

Our Approach

Specialized STNL sourcing team scanning single tenant inventory nationwide, providing lease term analysis and tenant credit reviews, coordinating with Qualified Intermediary for identification letter structure

Expected Outcome

Multiple vetted STNL replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline

Educational content only. Not tax, legal, or investment advice.

Related Services

NNN Property Identification

Triple net lease properties with investment grade tenants for 1031 exchanges.

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Retail Property Identification

Retail replacement properties including strip centers and single tenant assets.

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Property Identification Concierge

White glove outreach to sponsors, brokers, and developers to secure vetted replacement options.

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Frequently Asked Questions

What identification rules apply to STNL property identification for Chicago, IL investors?

Chicago, IL investors identifying STNL replacement properties can use the three property rule, two hundred percent rule, or ninety five percent rule. Our service helps structure identification letters that properly document STNL properties and coordinate delivery to your Qualified Intermediary to ensure compliance with IRS requirements.

How does boot affect Chicago, IL investors exchanging into STNL properties?

Boot for Chicago, IL investors exchanging into STNL properties can occur if cash is received, debt is reduced, or personal property is included in the transaction. Our STNL identification service documents all potential boot sources, but investors should work with their tax advisors to calculate the correct tax impact for their specific exchange situation.

Can Chicago, IL investors identify STNL properties in different states?

Yes, Chicago, IL investors can identify STNL replacement properties in any state nationwide. The IRS like kind requirement focuses on property type, not location. Our service sources STNL properties across all major markets to provide Chicago, IL investors with maximum options before the forty five day deadline.

What happens if Chicago, IL investors cannot close on identified STNL properties within one hundred eighty days?

If Chicago, IL investors cannot close on identified STNL properties within the one hundred eighty day deadline, the exchange may fail and taxes become due. Our service monitors closing deadlines and coordinates with qualified escrow agents to help ensure timely closings that meet IRS requirements.

How does STNL property identification differ from NNN property identification for Chicago, IL investors?

STNL property identification for Chicago, IL investors focuses specifically on single tenant net lease properties with long term leases, typically ten to twenty years. Our service provides specialized expertise in single tenant structures, lease term evaluation, and tenant credit analysis specific to STNL assets.

Ready to Get Started?

Contact our team to discuss how STNL Property Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.

Get Started Today Call Now 312-598-2271