Both, however, there is no guarantee there will be appreciation even though over the last 10 years prices have tripled or much more in all of the Cleveland markets.  

Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.

Also double/triple verify the conditions in which they can or cannot be replaced - in case of fire, destruction, etc.

I have come across a handful of properties that are for sale, but were sold within the last 2 or 1 year for sometimes double or triple the price. 

My question to my commercial investors out there is when do you decide to implement a triple net lease or not on a commercial property? 

They sold a property as part of a 1031X and are acquiring a Triple NNN occupied industrial property. 

Super high returns ( 25 -35% 7 8 9 years ago) on top of the more than tripled, quadruple in price now I am still getting 15- 20% nets, based on cash purchase .

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

Then the bill comes in triple what it was supposed to be for the work done, and it's all our fault.  

We stopped them about 4 years ago due to anti dumping laws and covid prices tripled.