Factors need to be taken into consideration when selecting a commercial property such as location, access to an interstate/highway system, frontage/visibility, parking, zoning, demographics such as income, traffic counts, population, median income and crime stats. Opportunity Zones offer some state and federal tax incentives for Owners/Landlords.

Prospective buyers need to shop lenders and allow 60 days after identifying a property to purchase for the lender to have all financing in place and ready to close. It is helpful that prospective buyers have a pre-approved letter from the lender to submit with a sales contract for a property.

Perspective buyers will generally ask this question to gauge whether they should wait for rates to go down if they are high due to political unrest or inflation.

Yes, but there’s usually a timeframe in the Lease Agreement in which they have to purchase. In addition to the above regarding financing, most Sellers will only allow a tenant/prospective buyer to lease to purchase within the first 12-24 months of a lease term. IE Tenant/Buyer must purchase the building within that time frame in which a portion of the lease payments will apply towards the purchase price.

NNN charges include taxes, insurance, utilities (gas, electric) CAM charges (Common Area Maintenance) which include anything exterior of the property and water. Only controllable expenses can be capped by the Landlord.

Yes, Landlords typically provide monies for remodeling called TI, or tenant improvements. If TI is not provided, steps such as starting the lease rate lower and averaging the rate over the lease term or a period of free rent can be taken.