Thank you so much Joel for taking the time to offer your informed insights. Sorry couldn’t get back earlier. Whatever you said makes total sense, however I have to say on the question of investing in a STNL, we have had a bad experience in the past so we decided that we will only invest in STNL’s if it’s a long lease with corporate guarantee. To cut the long story short, our franchisee tenant filed for bankruptcy within a couple of months of our buying the STNL single tenant property. With the multiunit retail center while we definitely understand that there’s more management involved however at least all our eggs are not in the same basket, so to speak and even if couple of tenants would leave it would still be sustainable.
I am thinking of creating a new post for this question but putting it here too.. please can you answer if a great VPD (vehicles per day) in a not so big city is better than a not so good VPD in a big city?