v1.35 - Amazon-Proof Real Estate Investing (ft. Steve Salvigsen)

Dustin and Adam interview Steve Salvigsen of Sage Square Capital, a seasoned commercial real estate investor who specializes in strip mall and medical/retail properties.Steve shares his transition from residential development to building a successful portfolio of cash-flowing commercial assets, and dives deep into his unique investment thesis targeting secondary port cities like Savannah, Mobile, and Charleston, where major infrastructure investments are driving population and business growth.Steve discusses why he focuses on “medtail” properties…strategic combinations of medical and retail tenants that create stable, long-term income streams, and explains why neighborhood retail like pizza shops, salons, and medical offices remain “Amazon-proof” and continue thriving despite e-commerce disruption.Key takeaways for passive investors include understanding triple net leases (NNN), evaluating commercial tenant quality, the importance of lease term staggering, and why medical tenants provide exceptional stability. Steve also shares hard-won lessons from the 2008 financial crisis and explains his contrarian approach to currently out-of-favor asset classes like office buildings in undersupplied markets.Whether you're considering diversifying beyond multifamily or exploring retail real estate syndications, this episode provides essential insights into a resilient asset class that weathered recent market volatility better than many predicted.Episode Release Notes & Resources:Sage Square Capital: https://sagesquarecapital.com Connect with Steve on LinkedIn: https://www.linkedin.com/in/stephensalvigsen Watch episode on YouTube: https://www.youtube.com/watch?v=2i22qMohJY4See all Wealth Independence episodes at https://www.wealthindependencepod.comConnect with Dustin:Big Spring CapitalLinkedIn (/in/TheDustinBailey)Twitter/X (@TheDustinBailey)Connect with Adam:Bidwell CapitalLinkedIn (/in/AdamJPenn)This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.