Patrick Moorton
President at Income Realty Advisors Inc
Based in Naples, United States
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Seniority
C-Team
Department
General Business & Management
Location
Naples
Industry
Real Estate
Company size
2
Contact information
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p•••••••@floridannn.com
Phone
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Background
About Patrick Moorton
Who Buys Net Leased Properties and Why? I was selling some 7-Elevens and Blockbusters stores back in the 90's and a gentleman came into my office after calling on my Wall Street Journal ad. He sat down and promptly told me he was dying and did not expect to be around in 5 years. His main concern was creating a reliable income stream to help support his wife and family long after he was gone. He was selling a property in Chicago and wanted to do a 1031 Exchange. He decided on a 7-Eleven on a prime corner in Southwest Florida. That 7-Eleven provided a steady income for his family for over 20 years before they sold it for a very nice profit. I always remember him when I am selling Net Lease Properties and how a good property can create income for generations.
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