Thinking of buying my first property…a closed restaurant with a 19% cap rate with lease going until 2025 Feb. Thoughts?

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Are you expecting to collect rents while the restaurant is closed through end of lease term from original lessee? If it's closed, may be difficult to collect even if you are successful at suing the lessee. Collection will be difficult especially if there are no personal guarantees on the lease. If you have to put a new lessee in there, cap rate will likely be less.

19 cap??!

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