Advice needed - First time commercial buying

[Manny Su]

Hello Friends, First time here.  Seeking your advice. My agent got me a Family Dollar  property near a town 25 miles from houston texas.  With a Cap rate at 6.5% , this property built in 2010 with NN lease is costing about 1 Million dollars.  The property has another 6.5 years on the term.  I'm putting a down at 30% with 7.5% interest rate.  Please let me know your ideas on this one?   Are the rates reasonable now?   

Appreciate any discussion on this.

[John M.]

You're only making $2,936 a year after the mortgage payment with a 7.5 rate.  This is equal to .97% return on your money.....not good.