The Ledger
Deals.
A running archive of leases we've torn down, annotated, and rated.
| N° | Tenant / Address | Size | Term | Rent | Verdict |
|---|---|---|---|---|---|
| 01 | Terry Black's BBQ 1104 Barton Springs Rd · Austin, TX | 4,200 sq ft | 10 yr · 2 × 5 opt. | $32/sf NNN | Under market. Recovered basis in 27 months. |
| 02 | Kettle & Iron 845 Magazine St · New Orleans, LA | 2,600 sq ft | 7 yr | $41/sf mod. gross | Fair. Sub-metered utilities line dropped 12% of nominal rent. |
| 03 | Providence Provisions 22 Federal Hill · Providence, RI | 1,850 sq ft | 5 yr · 1 × 5 opt. | $28/sf NNN | Overpaid. Adjacent block leasing 22% cheaper. |
| 04 | Ridgeline Ceramics 301 W 6th St · Fort Worth, TX | 3,400 sq ft (loft + retail) | 8 yr | $24/sf NNN | Very strong. Fifteen months of free rent for TI. |