Seller financing for Retail Building- is that possible??

[Douglass Belt]

Good Morning!!

I scanned the vast corners of the Forums to find a discussion on this topic to no success, however, I am fully aware it may be my fault for missing it, or looking in the wrong places. That said, my question is this:

Does anyone have experience with seller financing of a retail strip center?

My situation is this: There may be an opportunity to buy a true NNN retail building that is owned outright by my in-laws. It is 100% full, and they may be looking to sell as it was passed onto the kids a few years ago as a Ltd Family Partnership. The 4 kids want to sell it now since the father just passed a few weeks ago. My thought is this- Rather than sell if for what I am guessing is around $6-8M and taking a huge chunk out for taxes both Fed and state, and then divide the leftover pie 4 ways, ($1m each??) is rather to sell it to us, and we provide each of them (4 Adults total) a monthly payment, almost like an annuity. I know you can do this with other types of properties such as SFH, or Multi's and my thought is, is there any reason you cannot do something like this on a retail building?

Has anyone done this type of thing with a retail center? If so, is this more/less complicated to do than other types of real estate as mentioned above? I would like to know how to structure this, and how to present this to the family in a professional way. I would be very interested in talking to someone and "Pick their brain" on how to go about something like this. Thanks!