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Updated about 6 years ago on . Most recent reply

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Frank Painter
  • Member since Dec 10, 2018
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Frank Painter's profile image
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Frank Painter
  • Member since Dec 10, 2018
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Frank Painter
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Commercial Real Estate Investing

Question on Commercial Lease

Frank Painter
Posted

Hope this is the right place for this.

I'm venturing into a retail business and after some negotiation have been given the following numbers for space 

3,500 SQFT of commercial retail space in a small strip mall that include a supermarket and walgreens, and salvation army donation store.

$18 per sqft with $6 CAMS per sqft

3 year lease with 3% yearly increase

Is this reasonable?

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