Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Questions About BiggerPockets & Official Site Announcements
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Sanjay Shah
0
Votes |
2
Posts

Cook county property tax risk

Sanjay Shah
Posted

I am looking at a strip mall with almost 12% property tax on Market value (Chicago). With only two tenants occupying 6 store fronts and each with two years left on the NNN lease With 5 year renewals. They are both long term tenants. I can get it for almost 13 to 15% cap rate but I'm concerned about property taxes I would be on the hook for if any of the tenant leaves. Property tax is about $100k. Any ideas on how I can construct purchase agreement to limit my risk? Appreciate any feedback on purchase would also be appreciated. Thank you

Loading replies...