You can sell a single-tenant net-lease property without ever hiring a broker. Plenty of owners do. Whether you should comes down to one question: is the exposure a broker buys you worth what it costs — and in a lot of net-lease sales, it isn't.

Here's the honest math, both directions.

What a broker actually costs you

A broker's commission on a net-lease sale usually runs a few percent of the price, and it comes out of your proceeds at closing. On a $1.5 million property, that's real money — tens of thousands of dollars — for a building that, frankly, mostly sells itself.

That last part matters. A net-lease property isn't a fixer-upper that needs a sales job. It's an income stream with a lease attached. The buyer pool knows exactly what they're looking at and exactly how to price it. You're not paying a broker to create demand that wasn't there — you're paying for access to buyers and for someone to run the process.

Sometimes that access is worth every dollar. Sometimes you're paying a toll to reach a buyer you could've reached yourself.

What you give up by skipping the broker

Be honest about the trade, because there is one. A good broker gives you two things:

  • Exposure. They put the property in front of a wide pool of buyers at once — the listing platforms, their own buyer lists, the brokerage's network. More eyes can mean competitive bids, and competitive bids can mean a higher price.
  • A process. They handle the marketing, field the calls, and quarterback the deal to closing so you don't have to.

If your property is pristine — strong national tenant, ten-plus years left on the lease, a clean absolute-NNN lease in a good market — that exposure can genuinely create a bidding war, and the fee can pay for itself. For a trophy deal, listing it is often the right call. We'll tell you that straight.

When selling direct is the better move

The broker's pitch gets a lot weaker in a few common situations:

  • You already know who'd buy it. If there's a direct buyer who'll pay a fair number and close, the exposure a listing buys you is exposure you don't need. You're just paying a commission to reach someone you could reach with an email.
  • Your deal has some hair on it. A short lease, a tricky tenant, an environmental question, a smaller sub-$5M price — these don't draw a bidding war no matter how wide you cast the net. They draw the handful of buyers who actually do that kind of deal. A broadcast listing mostly just announces to the market that you're selling.
  • You care more about speed and certainty than squeezing the last dollar. A listing is a process — weeks of marketing, showings, offers, a buyer who still has to line up financing. If you want it done, done cleanly, and done soon, a direct cash buyer is a shorter road.

In those cases, selling directly to a buyer skips the commission, skips the marketing timeline, and skips the financing risk — you deal with one buyer, agree on a number, and close.

The catch with selling direct

One buyer instead of a bidding war means the buyer matters. A lot. You want one who:

  • Pays a fair, real number — not a lowball that assumes you don't know what your property is worth. (Which is why it's worth knowing: here's how net-lease properties are priced.)
  • Actually closes. The whole point of going direct is certainty. A buyer who ties your property up and then can't perform has cost you the one thing you were buying.
  • Doesn't retrade. Some buyers agree to a price, then grind it down during due diligence once you're committed. A buyer worth dealing with closes at the number they signed.

A broker is one way to vet a buyer. A buyer's own track record — do they close, do they hold their number — is another, and it's the one that actually protects you.

So do you need a broker?

No — not to sell. You need a broker when the exposure they buy will create more value than their fee costs you, and for a clean, long-lease, trophy property, it often will. For everything else — a smaller deal, a messy one, or one where you'd just rather be done — selling direct to a buyer who pays fairly and closes is usually the better trade.

That's what we do. We buy single-tenant net-lease property directly, with our own cash, no listing required. Send us the basics on your lease — tenant, location, current rent, and years remaining — and we'll get you an offer, usually within a few days. No fee comes out of your side, and you deal with the principals, not a middleman. Tell us about your property.

Not sure whether to list it or sell direct? Here's how to decide.