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Benjamin Goodman
  • Investor
  • Boston, MA
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NNN leased bank branch closing before lease expiration

Benjamin Goodman
  • Investor
  • Boston, MA
Posted Apr 1 2021, 19:02

Just found out that Santander is closing a branch I own with a couple of years remaining on their NNN lease. Anyone have experience with similar situation? With they continue to pay through the end of the lease? Will they offer to buy me out? If yes what would be typical. E.g. if they would owe $150,000 in rent and taxes will they offer me $100,000?

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