I have a property that McDonalds may be interested in though I am the one that approached them. As we talked numbers they quoted me literally half the amount as what I know McDonalds is paying for another location in the same town to a friend. For example, $10,000 a month verses $4300. I know my property is worth about a million dollars but those numbers that they quoted me seems to be low. Am I being shortcomed?
2007-06-13 00:34:02 · 6 answers · asked by catherine v 2 in Business & Finance ➔ Renting & Real Estate
They have a business plan; they approached you, so you must have a good location; but they always have other locations in mind. ASk them for what the property is worth, not what someone else is getting elsewhere in town.
2007-06-13 00:36:42 · answer #1 · answered by wizjp 7 · 0⤊ 1⤋
What is the Land Value as a Leased Property. Your County Tax Office can tell you that. Sell it and be done with it. Fifty years from now it will be worth 80 times more or might be a landfill for an Eco Friendly Chung Pow Koo Cafe.
Take the mil and pay the taxes or take the rent and pay the taxes, either way if it is undeveloped it is going to become a McDonalds and you get paid.
Take the mil, put half away for your kids and 1/4 away for other junk, then buy a sailboat and cruise to the Bahamas or someplace.
2007-06-13 00:51:20 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Unfortunately Madonalds is such a big company that they will pay whatever they want for the site & if they don't get it they will go somewhere else.
I suggest taking their offer but in the lease but a clause that you can put the rent up by so much a year.
Is it maybe that you have higher expectations & THINK your land is worth more? Maybe your friends is closer to a main road or a set of lights.
It's like the real estate market in Sydney, people think their property's worth more than it actually is worth.
2007-06-13 00:43:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The fact that your property is in the same town is irrelevant. McDonald's (and others) look at ease of access and TRAFFIC COUNTS when they offer to pay lease values.
If you're not on a street which provides the same traffic flows and ease of access, expect to be offered less.
2007-06-13 00:44:36 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
Dunno.Go consult a lawyer.
2007-06-13 00:36:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes to your question and i have a proposition for you, will you marry me
2007-06-13 00:38:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋