With rents and triple net fees so high in the Maryland, Washington, DC and Virginia markets, many experienced restaurant owners are opting to look for restaurant property to purchase rather than sign new retail leases. The aggregate cost of a ten year lease should be balanced against a straight up property purchase. Often times they can be of similar cost.
Property ownership is also a factor to consider when bank financing is involved, as banks tend to favor business loans for property rather than for just build-out, equipment, etc.
Meliker Realty Can Help You Make This Decision
We can help you explore the options. What is best for you? Give us an opportunity to be of help.