Rates of return

[Jonathan Rexford]

I just want to throw this out for discussion. I have a subdivision that I have been trying to sell for about 18 months. They are 14 lots that are 5 and 6 acres each. It is gated all that good stuff.

I may have the opportunity to change the zoning from current use and lease the land out for about 12K per month as a NNN lease. What are rates of returns are investors looking for. I am asking 2.5MM currently.

Thanks in advance