FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2508114741> ?p ?o ?g. }

• W2508114741 abstract "Single-tenant retail buildings continue to be financed and developed in many U.S. towns and cities. What factors explain their popularity with retailers and with those developing, financing and investing in them? What special risk should lenders and equity investors consider when they finance and invest in these properties? Many free-standing retail buildings occupied by national firms are actually owned by institutional or individual investors. Some developers specialize in constructing single-tenant retail buildings for particular retailers; they sell the completed, leased property to investors. The reason these retailers prefer to lease rather than to own a building is simple: retailers want to capture and maintain market share. This requires them to enter new markets and to retain present markets by building new stores. In addition to the cost of acquiring the land and constructing the building, each new store requires considerable investment in inventory, furniture and fixtures. Because retailers do not have unlimited financial resources, they let others undertake the land acquisition and construction. This enables a retailer to open more stores. Implicit in this choice is the expectation that profits will be larger if the retailer operates more leased stores rather than fewer owned stores. Typically, single-tenant retail buildings are occupied under a long-term lease. The lease term may be as long as 20 years; during this time, the tenant pays the owner a fixed-lease payment and assumes the responsibility for paying some or all of the building’s operating expenses. The owner may or may not be responsible for roof and structural maintenance. This is usually called a triple-net lease. The annual lease payment may or may not remain constant during the term of the lease. At the end of the lease, the investor will release the building to the tenant at the rent initially agreed upon, secure a new tenant or sell the building. From the investor’s viewpoint, leasing the building to a national credit tenant under the terms of a long-term, triplenet lease provides a highly predictable cash flow during the life of the lease. Many investors consider such an arrangement to be low-risk because of the reduced probability that the tenant will fail to pay the lease payment as agreed. Another advantage for the investor is that this arrangement eliminates the usual property management problems—such as vacancy and rent collection—associated with the ownership of multitenant retail centers. From the lender’s viewpoint, financing acquisition and construction for a national credit tenant may result in a lowrisk loan. First, if the tenant has an excellent credit rating, the risk that the tenant will default on the lease payment to the investor is reduced. This, in turn, reduces the possibility that the investor will default on the loan payments. Thus, the tenant’s credit rating has a direct effect on the mortgage terms available to the investor. Second, the mortgage loan is usually amortized during the term of the lease. This lets the lender avoid any risk that the investor will be unable to service the mortgage because of an inability to re-lease or sell the property at the end of the primary lease period." @default.
• W2508114741 created "2016-09-16" @default.
• W2508114741 creator A5059397597 @default.
• W2508114741 creator A5064277325 @default.
• W2508114741 date "1997-01-01" @default.
• W2508114741 modified "2023-09-23" @default.
• W2508114741 title "Single-Tenant Retail Construction" @default.
• W2508114741 hasPublicationYear "1997" @default.
• W2508114741 type Work @default.
• W2508114741 sameAs 2508114741 @default.
• W2508114741 citedByCount "0" @default.
• W2508114741 crossrefType "journal-article" @default.
• W2508114741 hasAuthorship W2508114741A5059397597 @default.
• W2508114741 hasAuthorship W2508114741A5064277325 @default.
• W2508114741 hasConcept C10138342 @default.
• W2508114741 hasConcept C144133560 @default.
• W2508114741 hasConcept C145097563 @default.
• W2508114741 hasConcept C15744967 @default.
• W2508114741 hasConcept C162853370 @default.
• W2508114741 hasConcept C17744445 @default.
• W2508114741 hasConcept C199539241 @default.
• W2508114741 hasConcept C199728807 @default.
• W2508114741 hasConcept C27548731 @default.
• W2508114741 hasConcept C2779614062 @default.
• W2508114741 hasConcept C2780586970 @default.
• W2508114741 hasConcept C54750564 @default.
• W2508114741 hasConcept C77805123 @default.
• W2508114741 hasConcept C85502023 @default.
• W2508114741 hasConcept C94625758 @default.
• W2508114741 hasConceptScore W2508114741C10138342 @default.
• W2508114741 hasConceptScore W2508114741C144133560 @default.
• W2508114741 hasConceptScore W2508114741C145097563 @default.
• W2508114741 hasConceptScore W2508114741C15744967 @default.
• W2508114741 hasConceptScore W2508114741C162853370 @default.
• W2508114741 hasConceptScore W2508114741C17744445 @default.
• W2508114741 hasConceptScore W2508114741C199539241 @default.
• W2508114741 hasConceptScore W2508114741C199728807 @default.
• W2508114741 hasConceptScore W2508114741C27548731 @default.
• W2508114741 hasConceptScore W2508114741C2779614062 @default.
• W2508114741 hasConceptScore W2508114741C2780586970 @default.
• W2508114741 hasConceptScore W2508114741C54750564 @default.
• W2508114741 hasConceptScore W2508114741C77805123 @default.
• W2508114741 hasConceptScore W2508114741C85502023 @default.
• W2508114741 hasConceptScore W2508114741C94625758 @default.
• W2508114741 hasLocation W25081147411 @default.
• W2508114741 hasOpenAccess W2508114741 @default.
• W2508114741 hasPrimaryLocation W25081147411 @default.
• W2508114741 hasRelatedWork W111451667 @default.
• W2508114741 hasRelatedWork W1985398975 @default.
• W2508114741 hasRelatedWork W2068043428 @default.
• W2508114741 hasRelatedWork W2121554503 @default.
• W2508114741 hasRelatedWork W2156832641 @default.
• W2508114741 hasRelatedWork W2364701594 @default.
• W2508114741 hasRelatedWork W2384633392 @default.
• W2508114741 hasRelatedWork W2414738581 @default.
• W2508114741 hasRelatedWork W2418244991 @default.
• W2508114741 hasRelatedWork W2493727909 @default.
• W2508114741 hasRelatedWork W272293918 @default.
• W2508114741 hasRelatedWork W276850008 @default.
• W2508114741 hasRelatedWork W2890100873 @default.
• W2508114741 hasRelatedWork W3022256681 @default.
• W2508114741 hasRelatedWork W306470033 @default.
• W2508114741 hasRelatedWork W3124670412 @default.
• W2508114741 hasRelatedWork W3142263513 @default.
• W2508114741 hasRelatedWork W332555920 @default.
• W2508114741 hasRelatedWork W50988454 @default.
• W2508114741 hasRelatedWork W628120942 @default.
• W2508114741 isParatext "false" @default.
• W2508114741 isRetracted "false" @default.
• W2508114741 magId "2508114741" @default.
• W2508114741 workType "article" @default.