Dry Cleaner As A Tentant
I read some where that having laundry or dry cleaners as a tentant might cause environment issues and would have trouble financing the deal or will be difficult selling it. Is it true? If so can some one explain whats the deal with it. Thanks in advance
I worked in acquisitions for a big buyer. Financing was a problem and it affected re value. We completely avoided buying when there was an onsite drycleaner. Make sure they clean off site unless you charge enough rent to offset costs. However, there may be modern methods for the dry cleaner to clean onsite very safely - you could check into this.
It is important to know which process the dry cleaner uses. Older processes use hazardous chemicals. That is one question you have to ask. The newer processes do not require all those hazardous chemicals and are more environmentally friendly.