Football is about to be back in full swing!
Training Camps are just around the corner.
With that said, there are fabulous opportunities for the right Sports Loving enthusiast to acquire a Net Leased Investment Property where local Las Vegans go to unwind and cheer for their favorite NFL Team.
Yes. The Raiders will be moving to Las Vegas in a brand new football stadium. But, since Las Vegas was always a destination city, rather than an anchor city, most fans root for the team where the fan grew up to love and behold that area's team.
But, as the Las Vegas Golden Knights have proven, Las Vegas can hold their own.
So, hopefully, the Las Vegas Raiders will attract a local following. Well, if they win, right?
Recently, I watched an interview of Dwayne Wade talking about his up coming post professional sports playing career.
In it, he said he did the Sport Bars concept and lost a ton of money. He blamed it on being young and not business savvy as he thought he was. He did admit he was only 23 years old. Then, he joked that it took him three years in the courts to unwind that decision.
My immediate thought was: But, did he own the real estate?
You see, owning a sports bar is all well and good IF you are familiar with the bar business.
If not, you would be better off being the landlord of the sports bar and collecting rent.
Sure, one is you are providing enlightening beverages to patrons; the other is you are collecting rent.
One seems glamorous! The other mundane.
In truth, I'd take the mundane simply because of the monthly rent check that comes due even through the hazy fog of a hangover.
And, with that said, if you hold a Triple Net Lease (NNN) on the building, the Tenant pays for the building maintenance, the building's Real Estate Taxes, and Insurance on top of their annual rent!
So, contact me! Let's start a dialog on where you stand financially.
If sports bars aren't for you, then there are alternatives.
And, you don't need a million dollars to start.
To Contact David Howes try: davidATdavidhowesDOTnet
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AND Please #Follow David on Twitter: @DavidAHowes
Have a nice day!
