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The building owner wouldn't have allowed that. The whole point of making these long-term NNN leases is that you're getting a very stable anchor tenant that will
by Nifty3929 2y ago
The building owner wouldn't have allowed that. The whole point of making these long-term NNN leases is that you're getting a very stable anchor tenant that will not default.
- ahmeneeroe-v2 2y agoexactly right. For the GP: Even though these leases are above current market value, they were probably cheaper at the time they were signed due to being long-term and bring signed by a higher credit rated tenant who would likely not default (vs a short-term lease with a riskier tenant)