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Results (478)
Diane Trotter Revitalization of Little Rock
8 February 2022 | 30 replies
Well I am no expert by any means, but I helped open a independent pharmacy near there (17th and Main) and did gain a lot of insight.
Lawrence Moore Student loans: Refinancing vs PSLF
8 November 2016 | 15 replies
She got a job as a Pharmacist at Walgreens or CVS while my son formed a partnership with his best friend from fourth grade, borrowed enough money to start a compounding pharmacy and makes over $400K a year.
Steve Olafson Commercial Land
26 March 2015 | 11 replies
Pharmacy is flat rent in the primary term of the lease ( usually 20 to 25 ) years.Food ( Jack in Box ) has the shortest shelf life of all NNN asset classes before it goes dark.
Michael Rosine Long Term Buy and Hold Plan
18 August 2016 | 15 replies
My credit is in the tank from supporting my wife through pharmacy school.
Shawn Walters Hiring a Property Manager
14 June 2014 | 21 replies
I would be curious what they said and what asset class they are holding.People are doing very well with commercial real estate with much less management than houses.You are often times dealing with corporate tenants who are more stable if you buy right and with some properties such as NNN you just collect a check.Ultimately it depends on what type of yield you want,how much hands on you want to be,tax considerations etc.You mentioned a pharmacy before.You can land those at 9 to 10 percent or more with a some years left on the primary loan but you have to put some considerable down.
Ben Sanders Finding a NNN tenant
8 June 2018 | 4 replies
You do not want to pay XX for the site and find out certain tenants at higher rents do not want it and you are left  with lower per sq ft tenants.If this is STNL pharmacies, national gas stations, and banks pay the most for corners.
John Yarenis Anchor Tenant Question
10 September 2014 | 1 reply
Without knowing the whole development and what your exposure is it's hard to give a lot of info.I can tell you FOR SURE whether a corporate restaurant or not that rents do not stay flat for ten years.Even if a highly profitable corporate store rents increase at least 1 to 1.5% annually.If you have flat rents my clients will just buy a pharmacy with much more quality and security.Is this a ground lease, double net, triple net??
Lisa Goodwin Offer Accepted - My First Investment Property. I'm scared now!
19 July 2012 | 33 replies
Just because something gets 20 offers does not mean it is a good buy.It just means inventory is low in the area or many people have more cash or credit than common sense when it comes to investing.If you do not need the cash now and want to build up equity and future potential cash flow than triple net might be something you look at.Typically the investor cycle has someone renting out a house,then a few houses,then a small apartment,then 1031 into a larger apartment,then maybe go into self storage,office,etc.Most investors understand homes but not the commercial part or the apartment part.Once an investor goes through this cycle they find they get tired of being a hands on landlord.This is when they look at triple net.The barrier to entry with triple net is what makes many start with houses instead.Most minimum pricing starts at 700,000 and goes up from there.Most lenders will not fund a loan under one millionso you are looking at all cash or a larger property with a loan at 95% ltv to 75% ltv depending on what it is.So you really have to have 250k to 300k cash to get started or equity proceeds from selling off something else to roll into it.Even with a house and you put in management you have to watch them to make sure they are doing their job.Any time taken away from your existing business of what you do best reduces your income.Now if you do RE full time and that starts outpacing your existing business then you might look at switching.With triple net typically you can get a 7 to 10 cap on purchase and rent bumps ranging from 1 to 3 percent a year.This is for restaurants.Some other product types such as pharmacies you get no rent bumps in the initial term.A house purchase might not be your best option.If you could explain what you are trying to do more it would really help to get a direction.
Thomas Kovoor Finding and Vetting Private Money for Commercial Properties
9 February 2016 | 3 replies
Walgreens with good terms left on the leases trade for 5 to 6 caps.Hard money lenders charge in the double digit for loan rates plus points.In the primary term most pharmacies have flat rent with no increases so the properties cash is actually devaluing every year with inflation.
Aaron Xie NNN with a commercial bank tenant
27 May 2016 | 25 replies
You have to analyze the dirt you are sitting on as a key metric.If you are going for a 5 cap it's better in my view to do a pharmacy.