Old no. 10/1, New no. 20, 6th Street, Rangarajapuram, Srinagar Colony, Saidapet, Chennai, Tamil Nadu 600015
Property Brokers
Zero management worry
Pay exact pro rata share
Lock rent 10 years
Know increase at signing
No roof surprise bill
Dollar General, 5A1 D&B, $2.1B revenue, 19,000 stores, 15 years same location, investment grade.
Tenant pays tax, insurance, CAM, roof, HVAC, parking lot, landlord zero out of pocket.
10 years firm, two 5-year options, 10% bump each option, rent starts $180k year 1.
Option 1 $198k, option 2 $217k, no market reset, tenant exercises 94% time.
7.8% cap year 1, IRR 9.2% over 10 years, cash on cash 11% with 35% leverage.
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