Investor income is projected at 5.13% in Year 1 and 5.53% on average, backed by scheduled master lease base rent and a 6.93% syndicated cap rate.
Ongoing fee rates
Asset Mgmt Fee (annual)
$100,000
Master Tenant Income
Scheduled
Base Rental Income
Disposition Fee
[4.5]%
Strengths
- Master tenant structure provides scheduled base rental income
- Initial cash distribution rate of 5.13% with full-term average of 5.53%
Concerns
- Performance relies entirely on a single tenant's lease obligations
- Historical property occupancy track record is not disclosed