NNN lease comes to purchase of property

[Dustin Lavender]

Investment Info:

Other commercial investment investment in Searcy.

Purchase price: $200,000

Commercial coin laundromat. This was the purchase at the end of the 4th year into a commercial NNN lease.

What made you interested in investing in this type of deal?

I saw the laundromat potential from the small laundromat in my 10 unit multi family property.

How did you find this deal and how did you negotiate it?

Driving for dollars! The place had been shut down for several years so we didn't have the number to show the bank to make a commercial loan work so I signed a 5 year NNN lease on the property to get my own numbers to bring to the bank.

How did you finance this deal?

20 year amm, zero down.

How did you add value to the deal?

I added value to the deal by creating a business where none existed.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nope. All solo.