$2.291M Acquisition: NNN Longhorn Steakhouse for Investor 1031 Exchange
Amarillo, TX — Helvetica identified a stabilized, single-tenant NNN replacement property on a long-term corporate-guaranteed ground lease and closed the upleg inside the investor's 1031 exchange window.
The Scenario
A private investor had just sold a multifamily property that required substantial hands-on management. With the IRS 1031 clock running, he needed to quickly identify and close on a suitable replacement asset to defer a substantial tax liability — while simultaneously reducing his day-to-day management burden.
The Helvetica Solution
Helvetica searched nationwide to source a stabilized, low-risk replacement property and identified a single-tenant Longhorn Steakhouse in Amarillo, Texas on a long-term, corporate-guaranteed NNN ground lease. Our team organized due diligence, coordinated with the qualified intermediary, and closed the acquisition within the exchange window.
Later, Helvetica arranged a $900,000 cash-out bank refinance on the same property, freeing capital for the investor to acquire an additional asset and further diversify his holdings.
The Outcome
- 1031 exchange completed inside the 180-day window — tax liability deferred
- Investor doubled his income relative to the relinquished property
- Management time reduced by nearly 100% via corporate NNN ground lease
- $900K cash-out refinance subsequently funded an additional acquisition
Deal Highlights
- NNN Property
- Stabilized Investment
- Low Risk
- Ground Lease
- 1031 Exchange
- Permanent Financing
- Bank Finance
- Diversification
Have a 1031 exchange deal?
Helvetica funds commercial 1031 exchange bridge loans from $300K–$10M+ with closings in 7–21 days. Coordinate directly with your qualified intermediary.
