Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

1
Posts
0
Votes
Marc Devino
  • Belford, NJ
0
Votes |
1
Posts

Need advice

Marc Devino
  • Belford, NJ
Posted

Have been trying to negotiate a lease in a shopping center to open a retail store. The store is 2500 and is 16.per sqft NNN. The store has been be vacant for 4 years and nothing was done. The roof leaks and and needs to be completely gutted. Every ceiling tile and sheatrock has water damage. The floor is glued down carpet and the hvac takes up a large back room cause the furnace and air handler is not on the roof. I am set on the location so i need to make it work. The landlord wants no part of spending any money. He gave me a year rent free to gut and vanilla box the store. He also will warrantee the HVAC but i can't do business with the unit indoors. The store has many other issues.

Should I insist that he replace the HVAC for the lease to work.  Do I ask for another 6 months for the cost of the hvac.  That is going to be a lot of money i could use for my own build-out.  The landlord also want three month security (12000) for a destroyed store.    What the going cost to vanilla box and gut??  Should my next move be to just tell him i am going to look at other locations?

Loading replies...