Master lease payments start at $948,000 in Year 1 and escalate to $995,400 by Year 10, delivering a full-term average yield of 6.93%.
Ongoing fee rates
Disposition Fee4.00%gross disposition proceeds
Asset Mgmt Fee (annual)
$60,000
Master Tenant Income
$948,000
Property Mgmt Fee
Up
of to 5.00% of gross revenue
Disposition Fee
4.00%
of gross disposition proceeds
Refinancing Fee
N/A
- All-Cash
Strengths
- Contracted master tenant income escalates from $948,000 to $995,400
- Average projected income over full term is 6.93%
Concerns
- Operational success depends on FreshStop brand re-imaging performance