Tenant credit, rent coverage, residual value, and rate sensitivity in one place.
Net-leased income looks simple on the surface: one tenant, one long lease, predictable rent. Underwriting it well means looking past the lease at the business behind it.
Tenant credit
The income is only as dependable as the operating business that pays it. Underwrite the tenant, not just the building.
Rent coverage and level
Rent set above market lifts the price today but can pressure renewal and resale later. Healthy rent coverage and a realistic rent level protect the long-run return.
Residual and rates
What the asset is worth at lease end depends on location, condition, and alternative uses. Cap rates move with interest rates, so timing and structure matter.
See what your real estate could unlock.
Book a free, no-pressure consultation and we will walk you through the numbers.
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