Family dollar store deal
Hello , my name is Kevin . I has been leaning a lot lately here on BGP . And now is the time I need to take action . So here is my fist Comercial deal , please feel free to give all your thought about this deal . The good , the bad or the ugly is all welcome .....and here is the deal .
Asking $ 850,000
Final offer excepted $650,000
Build in 2009 , all stucco , and glass front ,no metal .
Got 5 years left on fist term , NN .
Cap rate 12%
Location in mid to high income with tracfic count is medium for that town .
Any one experienced on this type of deal ,please let me know if anything I need to watch out for . Thanks and happy investing .