JV QSR Remodal

[Matt Splittgerber]

I purchased a vacant qsr building earlier this year.  Its a superb location and we are confident in finding a tenant.  We were approached by a very large fast food company about the building.  They are much more complicated than the normal fast food chain.  We are meeting with a group that specializes in development for this particular brand.  Where we would provide the building/land/ initial work and they would bring their expertise in development of the building and contract negotiations.  

We have never done a joint venture like this.  Anyone have any experience in this.  What do you think a fair split moving forward?  I know this is vague and i cant share numbers but just curious if anyone has any insight.