Location...Location...You Know...
Investors always consider location in making an investment property decision. This is (almost) a given. However, in buying investment properties of $1 to $5 million, some exchange buyers let the income stream and/or price become more important for various investment goal reasons.
Giving educated projections about the site, location and area can make the diffenence in a "good" investment and a "great" one over the hold period.
View the site or location you are buying from the standpoint of what you will sell or lease if for if the worst case (tenant goes away) happens durning the lease term. Easy to lease for a different commercial use? Corner with multiple ingress-egress? Front outparcel with visibility? Will the lot or site alone increase in value over the hold? Near-by neighbors long term, declining, growing business types?
A carefully chosen site location may be the one thing that makes the investment property work 10 years out...even if the lease income stream does not prove to be all we had hoped it might be. The disposal value of the property location may make the investment a "home run" when it comes time to sell or trade.