Does the math of still work?

Depending on the submarket, many of these properties offer significantly higher Cap Rates than multifamily or industrial - both of which are arguably overheated asset types at the moment - because the market incorrectly assumes that all retail is risky.Before you invest in a strip center, the main caveat is that it requires a dramatically different skill-set to operate these types of properties so do your homework first or find an operating partner with experience.Good luck!

Im not a math wiz, but those numbers tell me it was a good move.  

If one were to do that, one would of course owe it to the property owner not to ding them with any sort of fee for finding a new tenant, and probably cover the month of vacancy, if THAT makes sense would probably be up to price points in your area, and look at that I think I have a new idea that I need to put feelers out for and/or run some math on. 

You will make out better financially in the longrun if you do your homework before closing.A don't like when people say renting is "wasting money" because it's really not.

Share all of your numbers here and the community will double check your math.

I asked him what rent was doing and based my math off of that.

I asked him what rent was doing and based my math off of that.

I would also suggest to do your homework on how well rentals do in the area you are looking at. 

Know your math.