Vacant Single Tenant Commercial Properties

[Joshlee Ulysse]

Since i am in florida, If i found a vacant  single tenant commercial property,and lets say it used to be a liquor store, Could i do a master lease option with the owner and do a sub-lease with a national tenant? And if i can, what type of retail tenant would be good for this type of property?

[Michael Glaspie]

Master lease is an option. I am not familiar with the Florida market, but the "ideal tenant" depends HEAVILY on location, surrounding business, size of the space, condition, and price point. Any type of retail tenant could hypothetically lease that property. I would recommend locking up the property with a contract then seeking a commercial broker who focuses on tenant leasing and has them represent you. This will allow you to see the process run, reduce vacancy, and get you prepared to do the next few on your own. You can definitely do it yourself and you may enjoy that more, I just think it may be more beneficial for you based on the vagueness of your question.