Karly Iacono is a Senior Vice President at CBRE in Saddle Brook, NJ, and one of the most active voices in net lease investing. She's spent years building an investor education platform through her podcast Commercial Real Estate Now while closing deals across the full NNN spectrum — from QSR acquisitions to eight-figure corporate sale-leasebacks.

In this episode, Kyle and Karly cover:

• What net lease actually means — and why every freestanding national brand you drive past is probably an investment property
• How cap rates are set and why the 10-year treasury correlation is breaking down
• Which tenants are compressing (Wawa, Sheets, 7-Eleven) and which are widening (CVS, drug stores)
• The $1 of rent = $16.60 in value math behind the corporate sale-leaseback
• Why private equity uses sale-leasebacks as a standard M&A tool — and how smaller operators are starting to catch on
• The most overrated NNN asset right now (spoiler: it's a car wash)
• What would actually shake the triple net market that no one is talking about
• Why the 1031 market has come alive in 2025 and where that capital is coming from

Whether you're eyeing your first passive investment or you're already in the NNN space and want to sharpen your lens — this is the episode.

🔗 Follow Karly: LinkedIn — Karly Iacono

https://www.linkedin.com/in/karlyiacono/

Podcast — Commercial Real Estate Now

https://podcasts.apple.com/us/podcast/commercial-real-estate-now/id1543108221

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