[MT930]

You don't need a 3 year business plan.

You will need, in this climate at least 20% down and a tenant that the bank likes (strong regional business or health care type, doctor or dentist is best)

The banks here anyway like to see a 2.0 X debt coverage ratio.

$5000.00 per month gross rent to $2500.00 debt service. your area may vary.

Most commercial lease's here the tenants pays taxes, insurance and maintenance above the $ per square foot rate.

Look for buildings with tenants in place that give you a 10% + return try to get it with 3-5 years remaining on the lease.

Easier said than done! We have seen some tough times in the commercial RE world. Lease rates are eroding even on grade A properties.

A few business are selling their buildings and leasing back to generate cash. I would look for those first.

Approach with caution !
When it's good it's really good. When it's bad it's pretty bad. Keep 6 months of debt service cash for surprises.