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Updated about 8 years ago on .

User Stats

23
Posts
1
Votes
Peter Paxos
  • Investor
  • Bayside, NY
1
Votes |
23
Posts

Lease Assignment-Mom & Pop to National Tenant

Peter Paxos
  • Investor
  • Bayside, NY
Posted

I'm the owner of a 3000 sq. ft. property in Long Island City, Queens. The current tenant is looking to sell the business and assign the lease. The areas has experienced significant residential and commercial development of the past decade and I would like to attract a national tenant to the space. My question is how can this be accomplished? Who a national tenant assume the existing tenants lease or is there some other arrangement that would work? Thanks in advance for the assistance. Thanks. Peter.