Landlord Tenant Risk

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If you’re looking for national NNN tenants and their numbers, this website is great. https://netleaseadvisor.com/tenant/davita/

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By Asset Class

Non credit worthy client?

• Push back on up front expenditures such as TI and remodels
• Blame your lender requirements

Retail

Small in-line vs Big Box Anchor vs Shadow Anchor (someone else owns big box)

Target low price per foot or rent in place is less than the market is bearing with short leases, some amount of vacancy (25%+)

Retail: parking, smaller suites better, visibility, traffic, decent population

High traffic: over 20k cars a day (depends on the market)

Tenant DD

• Business insurance
• Shortest lease is 3 years

Avoid businesses with bad customers