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Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1]
However, if you can handle a little risk, Vici Properties' solid dividend growth through the COVID-19 pandemic, long lease terms, built-in rent escalators, and lofty 5.7% dividend yield (the ...
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
The diversified real estate investment trust (REIT) made a strategic decision to exit the office sector at the end of 2023. ... ($23 million for 123 retail properties and $56 million for 11 ...
In 2005, the company acquired National Properties Corporation for $61 million. [8] In May 2006, the company changed its name to National Retail Properties, Inc. [9] In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction. [10]