️ $338,000 in 2.5 years. Value add. Single tenant. Was it worth it?

Have you wondered why these retail single-tenant vacant deals are so cheap?

It's one of the following: a former bank, a fast-food restaurant, a daycare.

Another business that went dark.

Some of them are decent-looking properties in densely populated areas.

Many are 10 to 20 cents on the dollar compared to its replacement cost.

So why don't we see a ton of buyers jumping on them?

Let me share about a 15,000-square-foot deal on 0.46 acres I bought for $775,000 in January 2021.

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