Updated over 4 years ago on . Most recent reply

Absolute NNN with 9.5% Cap - How is it on the market?
I found a 9.5% Cap Absolute NNN for sale. The tenant is "top tier" according to the listing. "The tenant is subject to a 5 year absolute NNN lease with zero landlord obligations. The lease calls for annual 2% rental increases and two, 5 year options to renew."
My question is: how did this make it to market? Most commercial investors I know look for 8%+ and with 0 landlord responsibilities, it feels like the type of thing an investor would jump on quickly. Is there something more I should be looking at?
Most Popular Reply

Where the tenant is in the lease/extensions will probably be where you'll find your answer. If you want to know,...find out.