Trying to find a replacement tenant for restaurant in Atlanta MSA

[Prithvi Sri]

I have a national chain tenant with two year lease still remaining. Tenant wants to leave early as they aren't able to make profits as expected, and giving me an option to find a different tenant and cut them loose. I feel this is a blessing in disguise - I can try finding a tenant while the current tenant is still in place and have a relatively long timeline to do it right. So my questions.

1. What should I expect in terms of buyout payment from the tenant for terminating a lease two years early - one year lease or more or less?

2. What kind of a broker should I hire to find restaurant tenants? I have purchased the current property with the lease so I am relatively new to the leasing process. Any guidance is appreciated.

3. What kind of brokerage commission am I expected to pay for the broker finding the tenant?

4. What kind of tenant improvements allowance and buildout time - realistic - in this market?

Any other guidance is appreciated as well. Thanks in advance.

[Simmy Ahluwalia]

@Prithvi Sri - please reach out.  I'm Atlanta based, and I currently have a tenant who is looking to relocate her very successful restaurant.