Master tenant income is derived from annual base rent across long-term leases with an 11.8-year WALT. Reserves include $705,053.5 for master tenant reserves, $86,170 for lender reserves, and $10,000 for annual accounting.
Ongoing fee rates
Asset Mgmt Fee (annual)0.40%
Disposition Fee2.0%
Asset Mgmt Fee (annual)
0.40%
Master Tenant Income
Annual
Base Rent
Disposition Fee
2.0%
Trust Administration
$750
Strengths
- Master tenant structure supported by $705,053.5 in dedicated reserves
- Long-term net lease structures minimize operational burden
Concerns
- Master tenant cash flow tied directly to base rental payments
- Capital expenditure requirements beyond minor repairs not anticipated but dependent on tenant performance