Just a little food for thought!

There’s already a Whole Foods, chipotle etc in the Englewood center on 63rd.

Add travel (airfare, rental car, hotel, food, and per diem) - this number will vary, but it's safe to say this is a grand.

There are LOTS of people from the Bay Area that invest in my market because their cash goes a lot further and appreciation is solid and reliable, just food for thought. 

Not to mention just flying out to look at it could cost you $1,500 (easily) with plane tickets, hotel, food, gas, car rental, etc.

The fast food tenant is responsible for the whole lease agreement and would manage the subtenant and pay subtenant's rent should the subtenant leaves earl. 

.- The building has quite a large storage lot in the rear that is not being utilized, this could be used for storage or to house some other type of business like a trailer business, sheds, or anything else - maybe we even have food trucks there.- the owner is my business partners uncle so we have a friendly relationship to work something outThe Opportunity- the owner is asking $400k- the zestimate is $383,300 with a range of $349,000 - $422,000- the owner does have a mortgage on it, zillow records show he paid $285K in 2019, and that a few months before it was sold for $32k, and in 2010 the building sold for $385k - no idea what thats about- a building right next to it which was "mixed use" and had 0 tenants and tiny parking, just a 4 bedroom apartment upstairs, a large garage, and retail shop in the front with $0 income sold for $340k a month agoThings we are unsure about- is $400K a fair asking price?

They had looked at the Airbnb and other sites (making sure they're getting their taxes) and because some of the reviews mentioned food, it kicks it into the "Bed and Breakfast" use.

Growing up my family was on section 8, food stamps etc.

(Example: 100k property = Rent should be over $1,000 a month.)d) Market neutral (Example: Military Bases, Has many prisons etc... where peoples salaries are constant and unchanged regardless of the market.)Bonus: How far from the closest Starbucks/Wholefood/Fast-Food is the property?