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Lease:
Triple net leases only. We prefer an original lease term of 15-20 years, and will consider leases as short as 10 years. We will provide the tenant with 20-30 additional years in options. Investor or developer owned property is not considered.
Price and Yield:
Minimum investment of $5 million cash. Tenant’s credit and other factors to determine yield. Prefer $20-40 million.
Future Purchase:
We will consider projects up to 12 months in advance of completion.
Age:
New or existing. We will notify a broker of interest in a property generally within 48 hours following receipt of the following information:
- Complete and current financial information concerning the tenant.
- Lease commencement and termination dates (if existing), details of rent increases, options, etc.
- Detailed description of property including age, building type, square feet, and size of parcel.
- Location including maps and description of area.
- Photographs (if available).
- Price of property
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