Looking for advice on a Master Lease opportunity and lending

[Anthony Tse]

Hi all,

I am hoping to get some information on a Master Lease opportunity. 

Details below:
The master lease is for a commercial retail space. The location is great, across from a train station and on a busy street with high foot traffic and is located in my neighborhood.  The term of the lease is 63 years remaining. There's a current tenant that just renewed for another 10 years last year. The lease is transferable after the 9 years is up. Space is 955 sq ft and is Owned by a Coop building. The original lease was 75 years. Tenant is selling the lease after 12 years later. Unsure if he paid any money for it. Below are some facts of the opportunity. 

Master Lease purchase price: $500,000
Monthly rental fee: $1,200
Sublease fee to dry cleaner: $4,350
Net profit: $3,150
My Intended % of down payment for purchase: 15-20%
Loan amount: $400,000-$425,000

Questions

Are there Any lenders for this type of product? TD bank said no and i am still waiting for Chase to return my call since ther associate at the branch seemed clueless about Master Leases. 

A mortgage is impossible since there is no real property involved. Any information about Master Leases or any tips on what to avoid is greatly appreciated! 

Thank you!