| Navigating a Restaurant Lease Renewal as a Landlord/Broker

On today's episode of The Restaurant Realty in 10 host, Michael Carro, explains special lease details to consider as you re-sign a long-term restaurant tenant.

He walks you through a conversation he recently had with a friend who wanted advice on how to retain a great restaurant tenant and put himself in a position where selling the building as a NNN investment may be possible in the future.

If your goal has changed from “long-term hold” to considering selling a leased property as a NNN investment here are a few tips from today’s episode:

• Consider a below-market lease rate and negotiating building improvements such as improved signage or covering patios
• Set annual lease increases to bring the lease to market value over time
• Creating an Absolute NNN lease where the tenant is responsible for all building upkeep
• Having an initial lease term of 10 -years

For more information on The Restaurant Realty in 10 or to get the show notes from today's show head over to TheRestaurantRealty.com 

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