Posted by Irwin on December 28, 1998 at 07:43:12:
Commercial lease/optioning has very little in common with SFR l/o deals. I suggest contacting one of the larger commercial brokers in the area for advice. Commercial brokers are usually on top of everything that happens in their area. They can tell you what other similar properties have been sold or leased for and how your piece compares-favorably or unfavorably.
As for lease terms, they can also tell you a range of rates of return that can be expected. In other words, get an informal appraisal which will take the guess work out of it. You will have to negotiate a fee for this service since the broker is not securing the purchaser/tenant.
Then, get an experienced attorney to review any proposals and/or l/o documents before signing anything.