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Updated almost 4 years ago,

Benjamin Goodman's profile image
Benjamin Goodman's profile image
Benjamin Goodman
  • Investor
  • from Boston, MA
  • Member since Jun 18, 2018
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User Stats

38
Posts
26
Votes
Benjamin Goodman's profile image
Benjamin Goodman's profile image
Benjamin Goodman
  • Investor
  • from Boston, MA
  • Member since Jun 18, 2018
Connect
Benjamin Goodman
  • Investor
  • Boston, MA
26
Votes |
38
Posts
Commercial Real Estate Investing

NNN leased bank branch closing before lease expiration

Benjamin Goodman
  • Investor
  • Boston, MA
Posted

Just found out that Santander is closing a branch I own with a couple of years remaining on their NNN lease. Anyone have experience with similar situation? With they continue to pay through the end of the lease? Will they offer to buy me out? If yes what would be typical. E.g. if they would owe $150,000 in rent and taxes will they offer me $100,000?

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