Just ran the numbers on a triple net lease in Cleveland and wow

I was looking at a property listing for a small retail strip in Parma, Ohio, and the cap rate was 8.5%. I almost scrolled past but decided to dig into the tenant's credit rating and lease terms. Turns out the tenant has 12 years left on a corporate guarantee from a national chain. I sat there for 20 minutes just staring at the calculator app on my phone, realizing how much that changes the risk profile compared to a mom and pop shop. Has anyone else found a deal like that where the numbers looked average but the lease structure made it a steal?

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felixb2513d ago

Man that find with the corporate guarantee is pure gold right there.