Cap Rate Catfish: The NNN Listing vs Reality

Owner: It’s a 6-cap NNN, zero landlord responsibilities Me opening the lease: Roof = Landlord, Parking = Landlord, HVAC = Me crying Lender: Need rent roll, T-12, COI, and proof the tenant isn’t a ghost 👻 Tenant on estoppel: Our option rent is half because my cousin underwrote it 📉