Just outside of town, hell of a deal. So far people here have suggested a car lot, a wholesale scratch and dent appliance warehouse, flooring store. Would love input and ideas!
Just outside of town, hell of a deal. So far people here have suggested a car lot, a wholesale scratch and dent appliance warehouse, flooring store. Would love input and ideas!
Rent it out to someone who has a business already.
Take those profits to start a business.
Consider this. You start business here and fail. Now you lose the building and business. You have someone rent the building from you and start a business. The business fails, well you still own a building that pays you every month. So go start another business.
Ok to lease it out, but with so much commercial space presently available tenant business may want improvements. Beware cost of tenant improvements.
Micro is not macro.
Macro shows there’s a ton of vacant space. Micro may beg to differ. It’s like saying there is no housing available, then you go to small town USA and every 3rd house is abandoned because there’s no one to buy them.
Hey the whole world is the same is a common misconception . You are spot on though. With some caution, some very high growth areas are 3rd and 4th home places. High traffic doesn’t necessarily contribute traditional metro businesses.
What is their business model is renting out the space to another business?
Turtles all the way down…
I like the way you think
This is the way
I second this .
You can use this as a bechmark solution because you can get an idea about the returns very quickly and accurately.
Then you can judge other options by comparing them with this one.
Triple net lease that sucker.
I like the way you roll.
Triples is best, triples makes it safe
These guys have the answer
Triple is the way
Triple all day.
Hot ticket triple nets. Dollar stores, vet clinics, urgent care, logistics warehouses for construction companies.
Anybody that actually signs a NNN is a fcuking idiot and their business should fail because of it.
Do you prefer if taxes and insurance are included in a higher base rent instead of a lower base rent with taxes and insurance billed separately ?
Think most people prefer an all in price hence the hate for NNN
What’s that?
Triple net is where the tenant not only pays rent, but also pays for maintenance and taxes on the property.
Furnace breaks? Roof leaks? Pipes freeze?
Are all the tenant’s problem, not the landlords.
Property taxes increase? Tenant’s problem. At least until the tenant moves out, then it becomes the landlords problem until they can find another tenant.
These are generally true of a triple net lease, but can be negotiated to just about any arrangement in a commercial lease.
A lot of NNN leases the owner will still pay for the roof and other structural repairs. The building is still the owner’s asset and tenants have no motivation to keep the property value as high as possible.
Sure, but sometimes both entities have the same owner and are separated for liability purposes.
It all depends on the two (or more) business entities and what they are willing to negotiate.
Do not listen to this guy. This is what i call the Green personality type… goes for security and doesnt dare to start his own business.
However I can not state that, since i do not know that he has a business or not… the same that this guy doesnt know your financial situation. If you got this building cash and have a large capital available, you should 100% start a business. Now if this is all debt. Then you may want to rent this out asap.