Traditionally, CVS leases featured a flat rental structure, however, recently prime locations have been able to demand rental bumps during options – making these properties highly sought after by the net lease investor.
What do you need to know before leasing a property?
Carry out a pre-lease inspection of your property and note down the condition of the premises before commencing the lease. Have service agreements in place for the intercom, lifts, air conditioning, and other mechanical services of the building, and ensure that they’re maintained properly. 8. Developing business systems
What do you need to know when drawing up a lease?
When drawing up the lease, you’ll need to consult your financier if there’s a mortgage over the property, your architect or builder if building works are required, and your property manager or agent to ensure that the commercial terms included in the documents are appropriate.
Which is better CVS or Walgreens for net lease?
CVS continues to deliver new net lease properties to the market. CVS also now boasts a higher credit rating than Walgreens (historically CVS had a lower credit rating than Walgreens) and is considered investment grade with a stable outlook, which improves the value and marketability of corporate guaranteed net lease properties.
Traditionally, CVS leases featured a flat rental structure, however, recently prime locations have been able to demand rental bumps during options – making these properties highly sought after by the net lease investor.
Carry out a pre-lease inspection of your property and note down the condition of the premises before commencing the lease. Have service agreements in place for the intercom, lifts, air conditioning, and other mechanical services of the building, and ensure that they’re maintained properly. 8. Developing business systems
When drawing up the lease, you’ll need to consult your financier if there’s a mortgage over the property, your architect or builder if building works are required, and your property manager or agent to ensure that the commercial terms included in the documents are appropriate.
CVS continues to deliver new net lease properties to the market. CVS also now boasts a higher credit rating than Walgreens (historically CVS had a lower credit rating than Walgreens) and is considered investment grade with a stable outlook, which improves the value and marketability of corporate guaranteed net lease properties.
ncG1vNJzZmixn6q%2FqK3MnquiqKNjsLC5jq2Ym6SVqbyxedGoo55loKGuurXNoGSgmZ2awHC10maroZ2imnqiec2eq2aklZbApnnFqKlmm6aoerG0wKukmpupZA%3D%3D