Land lease for food trucks
I have an opportunity to purchase a lease for $450. Lot is 0.14 acres on a street with heavy traffic. The owner says it’s a good opportunity for food truck rentals. It is zoned commercial. I have not yet gone down to see it but from satellite imagery it looks good.
I’ve never done a land lease and never worked with food trucks. I know I need to make sure the trucks are insured, have fire permits and that I am insured. I will be looking over the lease terms this week.
What are the downsides here? Any blind spots I should lookout for? Anyone already doing this with any advice? Thanks.