Commercial Lease Buyout

[Matt Splittgerber]

I am meeting with a broker tomorrow in regards to this question, but I was curious if anyone else has dealt with this scenario and what percentage they received.

I have a dark QSR that the operator still owes 8 years on NNN. Its a good location, and the operator is a big outfit and still paying the rent. They have approached us about a buyout of their lease. Has anyone negotiated one of these buyouts and what percentage of the remaining lease did you take as a lump to let them walk away? Like i said, I'm going to let an experienced broker negotiate this, but just curious what others have seen.