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Updated about 9 years ago,

User Stats

14
Posts
1
Votes
Carol Lee
  • Norcross, GA
1
Votes |
14
Posts

I am seeking to rent a commerical property

Carol Lee
  • Norcross, GA
Posted

Hi all!

          I am now exploring the idea of opening a bakery snack retail store. Currently in the process of looking for the perfect location.  I have no experience in commercial terminology and seeking help from my fellow BPs family. I found a good spot in a shopping strip. The strip is newly built and 80 % finished on the inside. From their website, the stats are listed as this:

Stats:
Min Available:900 sq. ft.
Max Available:1800 sq. ft.
Rent Rate:$20.00
NNN:$3.50

My interest is the 900 sq. ft. unit.

Can someone explain to me what these terms are? Rent rate , NNN and how I am suppose to calculate them.

Also, when I sit down to talk to agent/owner, what question should I be asking and keywords I should be looking for from them? Hidden charges?  My plan is a 3 year lease with a  Bakery snack retail store that will serve slice cakes, frozen smoothies and snacks.

I don't want to go in sounding like a newbie (eventho I am) and be taking advantage of.

Thank you all for your time and support,

CL

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