Net-Trade.com's Multiple Listing Service for Net Lease Goes Live

Net-Trade.com, which claims to be the first multiple listing service exclusively for net-lease products, announced it has gone live. “The platform enables net lease stakeholders, including owners, investors, and brokers, to effortlessly exchange properties, including retail, restaurant, fast food/QSR, gas station, and other assets leased under net terms,” the company said. “As headwinds mount and transaction volume slows, Net-Trade.com delivers a convenient, efficient, and custom-tailored platform that allows both sides of the transaction to cost- and time-efficiently source, vet, and market net lease properties.”

The site says that it has partnerships with a number of net-lease brokers at national firms, though on follow-up after one of the companies questioned the statement, the firm’s PR representative said they didn’t have relationships with the firms themselves. The company claims to already have about 1,200 listings of properties on the market.

“We created Net-Trade.com to address the gaps in functionality, data quality, and service left by generalist commercial real estate MLSs,” B. Quentin Foster, founder and CEO of Net-Trade Ventures said in prepared remarks. “Our platform makes it easier, enjoyable, and profitable for principals and their representatives to find and sell net lease properties — and build their brands. We identified this need by listening to recurring complaints about listing sites I’ve heard over my years in developing MLS solutions and working in net lease.”

The company says listings receive frequent updates to ensure current and accurate information, although it did not say how often that happens. It further said that “under-contract and sold assets are identified quickly, saving search users significant time in the filtering and due diligence processes” and that data is acquired directly from offering memorandums. “The data is then appended with extensive tenant, location, and value-driving features to facilitate selection and decision-making,” they said.

Net-Trade says that its site has “transparency and customized discovery tools to quickly compare, contrast, and select best-fit options” and the “site includes workflow-supporting features that simplify analysis, sharing, information requests, and collaboration internally and externally.”

It also says that the site supports off-market dealing of unlisted assets with a “posted requirements marketplace to announce unique and immediate buyer requirements or available properties. The site also provides public profiles for investors and brokers to identify themselves, share their track records, and network.”