Teardown scenario
The triple net that wasn't
Push the non-recoverable expenses back down toward 8% and watch the real NOI recover. These are illustrative numbers, change anything to run your own deal.
What's this deal worth?
Enter the income and risk profile — we estimate what it's worth at today's buyer yields and run your returns.
Deal inputs
$
What the seller is asking. We estimate what it's actually worth below.
| Tenant | Annual rent | Yrs left | |
|---|---|---|---|
%
Keep this above zero even at 100% leased. Buyers and lenders underwrite a reserve for future turnover, downtime between tenants, and non-payment — nobody values a center at 0% vacancy. 5% is a common starting point.
%
The share of operating costs you eat rather than bill back to tenants (a.k.a. non-recoverable / non-reimbursable expenses — some management, admin, or structural costs). Lowers your NOI.
Risk profile
Judge the rent roll as a whole: is it anchored by national investment-grade credit, mostly local mom-and-pop shops, or a mix? We price it against this quarter's live benchmark and our risk model.
Your financing
%
%
yrs
%
As a % of price — what you spend on top of the purchase to close: due diligence, legal, title & escrow, lender fees, and transfer taxes. ~2% is typical on a net-lease buy.
The numbers
Running your numbers…
Educational estimate — not investment, tax, or legal advice, and not an appraisal or Broker Opinion of Value. Directional only, based on the figures you enter. Consult qualified professionals before any buy, hold, or sell decision.