Supporting Local Small Business

This Thanksgiving, we have to give a huge shout out to support our local small business community. We of course would not be here without our small business clients and partners. We recognize the importance of these ventures in improving our community and supporting us.   Small businesses are vital to communities around the country. According to the U.S. Small Business Administration’s 2020 FAQ, small businesses are responsible for nearly two-thirds of… Continue reading Supporting Local Small Business

Is a Sale-Leaseback Transaction Right for Your Business?

You may have previously made the decision to buy a property for your business rather than lease. Over time, though, your business needs can change. If you find yourself needing cash but don’t want to move your business, a sale-leaseback transaction might be the right solution for you. What is a Sale-Leaseback? You already own… Continue reading Is a Sale-Leaseback Transaction Right for Your Business?

Three Approaches to Tenant Improvements

Oftentimes, the space you select for your business needs some work to make it exactly the way you want. There are generally three ways that these tenant improvements can be handled: Turnkey Buildout. With a turnkey buildout, the landlord will complete all modifications to the space to meet the tenant’s requirements. Improvement Allowance. In this… Continue reading Three Approaches to Tenant Improvements

Understanding Net Effective Rent

money puzzle

One of the common issues with negotiating a commercial real estate lease is balancing the perspectives of both the tenant and the landlord. Understanding net effective rent and how it relates to each party in the transaction can help build a foundation for coming to a reasonable compromise on lease terms. What Does “Net Effective… Continue reading Understanding Net Effective Rent

Are you ready for your NNN reconciliation?

If your business has a triple net (NNN) lease, you will receive a reconciliation letter from your landlord usually by the end of the first quarter after the calendar year ends. The purpose of this letter is to reconcile the estimated monthly payments made during the prior year with the actual expenses incurred for common… Continue reading Are you ready for your NNN reconciliation?