Single tenant, free-standing, retail properties, such as free-standing supermarkets, drug
stores, medical facilities or other retailers.
Small shopping center in high traffic areas on hard corners
We will also consider:
Land (subject to ground lease) underlying practically any type of property (including multi-tenant properties).
Single tenant office buildings, including bank branches.
Leases on properties we acquire must typically be at least “net” (if not “triple net”) and we prefer that the rents being paid be at, or below, currently prevailing market rents.
How we buy:
We can (and usually do) commit to acquisitions in as little 48 hours after receipt of submittals, subject only to standard due diligence and third party reports. We maintain our own in-house legal, accounting and real estate management departments, giving us the ability to make decisions quickly and act promptly. In most cases, we can close acquisitions within thirty days.
Since we act strictly as principals, solely on our own behalf, we can be flexible in our approach. For example, in appropriate circumstances we can buy properties with short remaining lease terms, properties with tenant renewal options at decreasing rents, “remainder Interests” or ground lease properties that generate little or no cash flow for many years, and properties with non-credit tenants.
