NNN Property 4.10% Cap Rate- Killer Location WOULD YOU BUY IT?

[Justin Shanholtzer]

NNN Property in a killer location. Near Walmart, Starbucks, and chick fil a, location is buzzing with growth.....

Prime Rate at the moment is 6.25% 

Cap Rate is 4.10%

Numbers are obviously in the negative... We could pay cash for it, but don't want to give up all of our funds incase another deal rises. We could pay cash, then refinance later when rates decrease

Every time we look at these NNN properties, somebody is willing to outbid us an overpay for the property...

Numbers are as follows 

• 11+ years remaining on this corporate guaranteed ground lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features a 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation

75,036 NOI

4.10 CAP

1,830,000 purchase price 

any thoughts or feedback would be so much appreciated.