Master tenant income is projected at $8,345,026, supporting an initial Year 1 investor return of 4.68% and an average full-term income projection of 6.5%. Acquisition cap rate is 5.5%.
Ongoing fee rates
Asset Mgmt Fee (annual)
Asset
Management Fee is deferred in Years 1 and 2 until Years 9 and 10, respectively.
Master Tenant Income
$8,345,026
Strengths
- Master tenant lease structure provides $8,345,026 in income.
- Projected full-term average distribution reaches 6.5%.
Concerns
- Initial acquisition cap rate of 5.5% reflects tight initial asset yields.