Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Analyzing a NNN lease purchase with 3 years remaining
Has anyone had experience of purchasing NNN lease with a few years remaining with multiple renewal options and somehow getting agreement on securing the renewal or redrafting the lease as part of the due diligence period? I am looking at Walgreens with 3 years remaining on base term with a 8+ Cap rate. If this were feasible, it begs the question why a seller would not just do this before putting it on the market? Appreciate feedback from anyone that has had first hand experience with this.