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Guide
Underwriting a Net Lease Deal
Tenant, term and real estate.
Short answer
Underwrite tenant credit, remaining primary term, rent bumps, renewal options and what happens if the tenant leaves.
In detail
The dirt and building still matter. Location, alternative use and replacement cost protect you if the credit story changes.
Florida tax reassessment after a sale can change expenses even when the tenant pays them—know who bears the increase under the lease.
Checklist
- Zoning and permitted uses
- Rent roll, leases and expense history
- Access, parking and visibility
- Environmental and survey reports
Local context
West Palm Beach, Boca Raton, Riviera Beach
Related guides
Questions, answered
FAQ
What if the tenant has five years left?
Shorter remaining term usually means more residual real-estate risk and often a different buyer pool.
Next step
Request an NNN review.
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