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Updated over 8 years ago,
Commercial sale/leaseback
This post is to generate possible ideas for myself and not necessarily exact terms of a deal. Just fishing for all of your oppinions here.
There is a commercial space on the market where I live that is in an area that has been the focus of revitealization in my town . It is in downtown across from the courthouse with heavy traffic.
The building is up for sale for a measly $69k and contains just under 3k square feet (not including basement). This unit is occupied by a local game store who sells Magic the Gathering and board games. It has appeared to have a pretty decent amount of traffic given the town size.
The seller would like to lease back the property upon selling it. I do not know the terms or whether there is a lease in place already between themselves (I asked if this is negotiable).
Here is my dilemma and area where I need opinions. The reason I found this property is because I have been trying to find rent rates on a small amount of space to possibly open up my own small business. Don't expect to make a whole lot starting out as it is going to be a testing period. I am wanting to sell comics, tin signs, and other things for nostalgia sakes. Some of which could potentially work well with the current business in that building.
What are your opinions on discussing with the current owner about buying the property and potentially having my own stuff for sell as well? Does this sound greedy? How should I go about discussing this?
I May have some difficulties finding cash for this deal, but if I could find an investor for this I would even give them all the income generated from the property in exchange for just part of the equity. Obviously that would only be if I could come into agreement with the owner to sell my own stuff there too.
I know this was probably a lot of rambling, but just trying to get opinions on the matter and maybe ideas on how to set it up to benefit all parties (should a deal take place).