A triple-net lease, or NNN, is a structure in which the tenant pays the three major property costs, property taxes, insurance, and maintenance, on top of base rent, leaving the owner with a nearly hands-off, bond-like income stream.
Log in to followThird water heater in two years on my four unit, and I spent a Saturday on the phone about it. That night I ran the arithmetic on a small single tenant retail pad someone sent me,…
An investor group approached me about buying the building my service business operates out of. Freestanding, 6,400 square feet, decent hard corner in a second-tier metro. Their of…
Two things on my desk this week and they point in opposite directions. Deal A. Single tenant pharmacy-format box, roughly 13,000 sf, investment grade parent on the guaranty, 15 ye…
I ran this three ways this month because a client keeps insisting the answer is obvious and I don't think it is. Start with 1.5M of equity and no strong view on rates. A. One 1.5M…
I have been analyzing instead of buying for long enough that people have stopped asking me how it is going, so here is the specific thing keeping me in the spreadsheet. A 12 year…
Two offerings on my desk this week, same national dollar-store tenant archetype, same small midwest trade area, roughly the same check. One is fee simple, 9,200 square foot box, 1…