Investing in a commercial property could generate you a constant rental income for rest of your life. A right commercial property and in the right location would be very valuable asset and usually you would find very long term tenants for it. Imagine having a few such properties in your portfolio.
At Realty++, we not only help you find the right commercial property that fits your budget but also will help you find the right tenants who could rent the property on a very long term basis. The best reason to invest in commercial over residential rentals is the earning potential. In general commercial properties, depending on the area, have an annual return off the purchase price between 6% and 12%. This is much higher range than typically exists for single family home properties (1% to 4% at best).
We do Triple net leases. As the property owner do not have to pay any expenses on the property (as would be the case with residential real estate). The lessee handles all property expenses directly, including real estate taxes. The only expense you’ll have to pay is your mortgage. Many companies like CVS, Starbucks, Jamba Juice typically sign these types of leases, as they want to maintain a look and feel in keeping with their brand. So they manage those costs, and you as an investor can enjoy one of the lowest maintenance revenue generators for your money.
Hotels, Motels, Office Buildings, Multiplexes, Medical facilities, Shops, Restaurant, Gas Stations — you name it, the opportunities are plenty. Just give us a call for a good 1-1 discussion with our specialist Brokers who focus just on the commercial properties.