Updated almost 4 years ago on . Most recent reply
Urgent Care Tenant for 1031 Exchange
I am in the process of completing my first 1031 exchange. I just closed 2 weeks ago on the properties funding the exchange, and I have been relentlessly looking for a commercial property to roll the money into. I think I have found the deal, but the tenant is a Urgent Care. Does anyone have experience with an Urgent Care as the tenant. The rent for the location is $25k a month, do they turn that kind of numbers to support that rent. Also, the lease is for 20yrs, doesn't that speak volumes to their confidence or is this just a tactic used to secure great real estate?? I am a newbie to commercial property, any help is greatly appreciated.