General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Need direction with a potential ground lease
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.