Help on looking at a commercial deal - NNN ground lease

[Chase Gochnauer]

Hey guys I have some SFH rentals, looking to add a more passive investment and came across this commercial deal and hoping you guys can give me some tips before I dig further into it.

Price $412.5k
Cap: 8%
Recently signed 10 year NNN ground lease with options & escalators.

I'm new to the commercial arena. This is 14 acres in heavy industrial area with some larger buildings on it. It's my understanding that this would be purchasing the land only, and leasing to the company that has the building. The improvements are technically theirs but they obviously can't a building when lease is up.

What am I missing? 8% cap rate on this investment seems too easy.