Does anyone have experience, good or bad, with these?
They strike me as a cheap way of entering commercial RE. But I would also imagine that they have a high tenant turnover and default rate. Is this true? Due to the cheaper lease would they relet quicker and have reduced vacany time? Also as the entry point is low, why wouldn't the business, if it was sound, buy the premises themselves?
As another option, what about buying several units in a row. It spreads the vacancy risk. Any thoughts?
They strike me as a cheap way of entering commercial RE. But I would also imagine that they have a high tenant turnover and default rate. Is this true? Due to the cheaper lease would they relet quicker and have reduced vacany time? Also as the entry point is low, why wouldn't the business, if it was sound, buy the premises themselves?
As another option, what about buying several units in a row. It spreads the vacancy risk. Any thoughts?