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Updated almost 4 years ago on .

User Stats

41
Posts
6
Votes
Kesha Hamilton
  • Memphis, TN
6
Votes |
41
Posts

Need direction with a potential ground lease

Kesha Hamilton
  • Memphis, TN
Posted

I have an opportunity to purchase 47 acres of land in a small, rural town in TN, and want to use it to create passive, residual income. I've considered several ideas- leasing to hemp growers, creating a RV park, leasing lot space to mobile home owners, doing ground leases to retailers, etc. I am very much leaning towards leasing to national retailers.

I'd like some advice on where to start with this. I've reached out to the real estate departments for Family Dollar, Goodwill, Chick-Fil-A, etc, to get information on what their requirements/criteria would be to expand into a particular market, as well as consider a ground lease for a particular location. I've messaged the reps on LinkedIn, FB, etc. So far, I've gotten no responses. I'm trying to do as much due diligence as possible before solidifying the deal. I'm also open to other ideas. What should I look for? Who do I reach out to? Do all retailers consider ground leases, or specific ones? If I get only one "yes" from a retailer I'd be comfortable with solidifying this deal with the property owner.