I am seeking to rent a commerical property
Hi all!
I am now exploring the idea of opening a bakery snack retail store. Currently in the process of looking for the perfect location. I have no experience in commercial terminology and seeking help from my fellow BPs family. I found a good spot in a shopping strip. The strip is newly built and 80 % finished on the inside. From their website, the stats are listed as this:
| Stats: | |
|---|---|
| Min Available: | 900 sq. ft. |
| Max Available: | 1800 sq. ft. |
| Rent Rate: | $20.00 |
| NNN: | $3.50 |
My interest is the 900 sq. ft. unit.
Can someone explain to me what these terms are? Rent rate , NNN and how I am suppose to calculate them.
Also, when I sit down to talk to agent/owner, what question should I be asking and keywords I should be looking for from them? Hidden charges? My plan is a 3 year lease with a Bakery snack retail store that will serve slice cakes, frozen smoothies and snacks.
I don't want to go in sounding like a newbie (eventho I am) and be taking advantage of.
Thank you all for your time and support,
CL