Thanks, Chad, for this perspective. One aspect worth attending to is whether there are any lease expirations during the planned period of investment and quite awhile after (since this may impact exit price). Triple nets do not protect anybody from capex on transition to new tenants. This seems worth thinking about specifically.
Also relevant is that a lot of industrial markets are stressed today, seeing increased vacancy and cap rates. As usual, this creates both opportunity and risk.
Thanks, Chad, for this perspective. One aspect worth attending to is whether there are any lease expirations during the planned period of investment and quite awhile after (since this may impact exit price). Triple nets do not protect anybody from capex on transition to new tenants. This seems worth thinking about specifically.
Also relevant is that a lot of industrial markets are stressed today, seeing increased vacancy and cap rates. As usual, this creates both opportunity and risk.