All Forum Posts by: Cason Acor

As a percentage of the gross rents paid over the full term of the lease, paid to you either in a lump sum or installment payments. 

How large is the facility?

Landvision coupled with LexisNexis and truepeoplesearch .com

Sugarhouse/9th and 9th are my biggest recommendations. They tick all your boxes and there should still be good inventory in your price range. 

The cap rate is going to depend a great deal on a properties respective market. Dollar stores with good lease lengths but higher cap rates are typically located in secondary and tertiary markets, where a lot of people don’t want to invest. They might also not have favorable lease terms. Some might be double net instead of triple net, the rents could be undermarket, there could be deferred maintenance, etc. 

Long story short, cap rate and a company’s stock price performance do not always correlate. 

Renewal options are incredibly common in commercial leases, especially retail. You will 100% want an attorney/leasing broker to review the lease for you before you sign to make the terms as favorable to you as possible. Especially if this is your first time leasing commercial space. 

How recently was the zoning made industrial? What do you plan on doing with the properties-continue operating them as is, tear down and rebuild?

CoStar, Landvision, brokerage market reports. 

From a commercial brokerage perspective, I know a lot of listing agents who won’t give fee to licensed principals, even if they self represent. You’ll obviously have to disclose that you’re licensed, if you haven’t already. So be sure to ask what the buy side fee is, and that they will pay it to you (assuming that’s what you want). I personally would ask for an equivalent price reduction as opposed to taking fee. 

Almost certainly. Are you paying cash, or financing?