Run your net lease investment firm from one platform.

Rets AI centralizes your data, automates your workflows and keeps one system of record for your firm.

Trusted by net lease investors and the brokers who send them deals

Run your net lease investment firm from one platform.

Rets AI centralizes your data, automates your workflows and keeps one system of record for your firm.

Trusted by net lease investors and the brokers who send them deals

Run your net lease investment firm from one platform.

Rets AI centralizes your data, automates your workflows and keeps one system of record for your firm.

Trusted by net lease investors and the brokers who send them deals

One platform for the whole firm.

Acquisitions, asset management and leases share one record, so nothing gets retyped between teams.

Six modules, one record.

The core of Rets: six modules on one record, from the first OM a broker sends to the rent you collect. No separate screening tool, model, LOI folder, AM spreadsheet or abstraction vendor.

Acquisitions

Every deal your brokers send is screened against your buy box when it lands, then underwritten from the lease and drafted into an LOI on your template.

See details

Asset management

Leases

Analytics

Agents

Ask Rets

Inbox

4 new today

Tractor Supply Cypress

Cypress, TX

$6.0M

6.50%

Pass

Walgreens Lakeway

Lakeway, TX

$7.4M

5.90%

Pass

Dollar General Lockhart

Lockhart, TX

$1.9M

6.80%

Incomplete

Family Dollar Odessa

Odessa, TX

$1.4M

7.40%

Fail

O’Reilly Auto Parts Kyle

Kyle, TX · Meets all 8 rules

$2.2M

6.10%

Pass

Hobby Lobby Temple

Temple, TX · Rent roll not attached

$7.9M

6.45%

Incomplete

Monitoring deals@haldenstreet.com

14 unreviewed · 38% pass

Ty Barbo

“Rets AI compresses hours of document review and underwriting into minutes, allowing our team to operate with a level of clarity and efficiency we've never had before.”

Ty BarboManaging PrincipalSierra Capital Club
Adam Ibrahim

“Rets AI is the functional layer of AI in real estate. It takes the cost and error out of the work that defines due diligence and risk.”

Adam IbrahimManaging PrincipalCandor Capital

“Rets AI is the functional layer of AI in real estate. It takes the cost and error out of the work that defines due diligence and risk.”

Adam Ibrahim
Adam IbrahimManaging Principal, Candor Capital

Screen every deal you’re sent.

Screen every deal you’re sent.

Every deal that reaches your inbox is read and scored against your buy box the moment it lands. The ones that fit rise to the top, with the reasons shown.

Every deal that reaches your inbox is read and scored against your buy box the moment it lands. The ones that fit rise to the top, with the reasons shown.

dashboard.rets.ai/sourcing/deals

Rets AI

Core

Tasks

Acquisitions

Asset Management

Analytics

Tools

Leases

Drafting

Chat

Agents

Light

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MC

Maya Chen

Acquisitions

Inbox

Search…

⌘K

9+

Ask Rets

Inbox

Monitoring deals@haldenstreet.com

Inbox

Pipeline

Comps

Unreviewed

8

Awaiting decision

Approved

2

On Acquisitions

Pass Rate

47%

8 of 17 pass your buy box

Criteria Coverage

100%

Deals include most fields

Pass

6

Incomplete

2

Fail

9

Search deals, location, broker…

All Verdicts

All Types

All Locations

6 Deals

Deal

Received

Action

Price

Cap Rate

Verdict

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX

Meets all 9 rules

2h ago

Approve

Deny

$7.4M

5.91%

Pass

Beltway Last-Mile Station

10505 Cash Rd, Stafford, TX

Meets all 11 rules

4h ago

Approve

Deny

$14.8M

5.90%

Pass

Crystal Falls Fitness

1101 Crystal Falls Pkwy, Leander, TX

Meets all 9 rules

12h ago

Approve

Deny

$6.8M

6.90%

Pass

Preston Road Ground Lease

19100 Preston Rd, Dallas, TX

Meets all 9 rules

15h ago

Approve

Deny

$3.6M

5.80%

Pass

Tractor Supply

25402 Northwest Fwy, Cypress, TX

Meets all 9 rules

Yesterday

Approve

Deny

$4.6M

6.25%

Pass

Starbucks Drive-Thru

2701 S I-35, Round Rock, TX

Passes · 15 yrs left on the lease

Yesterday

Approve

Deny

$3.1M

5.75%

Pass

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

dashboard.rets.ai/sourcing/deals

Rets AI

Core

Tasks

Acquisitions

Asset Management

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Tools

Leases

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Acquisitions

Inbox

Search…

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9+

Ask Rets

Inbox

Monitoring deals@haldenstreet.com

Inbox

Pipeline

Comps

Unreviewed

8

Awaiting decision

Approved

2

On Acquisitions

Pass Rate

47%

8 of 17 pass your buy box

Criteria Coverage

100%

Deals include most fields

Pass

6

Incomplete

2

Fail

9

Search deals, location, broker…

All Verdicts

All Types

All Locations

6 Deals

Deal

Received

Action

Price

Cap Rate

Verdict

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX

Meets all 9 rules

2h ago

Approve

Deny

$7.4M

5.91%

Pass

Beltway Last-Mile Station

10505 Cash Rd, Stafford, TX

Meets all 11 rules

4h ago

Approve

Deny

$14.8M

5.90%

Pass

Crystal Falls Fitness

1101 Crystal Falls Pkwy, Leander, TX

Meets all 9 rules

12h ago

Approve

Deny

$6.8M

6.90%

Pass

Preston Road Ground Lease

19100 Preston Rd, Dallas, TX

Meets all 9 rules

15h ago

Approve

Deny

$3.6M

5.80%

Pass

Tractor Supply

25402 Northwest Fwy, Cypress, TX

Meets all 9 rules

Yesterday

Approve

Deny

$4.6M

6.25%

Pass

Starbucks Drive-Thru

2701 S I-35, Round Rock, TX

Passes · 15 yrs left on the lease

Yesterday

Approve

Deny

$3.1M

5.75%

Pass

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

dashboard.rets.ai/sourcing/deals

Rets AI

Core

Tasks

Acquisitions

Asset Management

Analytics

Tools

Leases

Drafting

Chat

Agents

Light

Settings

MC

Maya Chen

Acquisitions

Inbox

Search…

⌘K

9+

Ask Rets

Inbox

Monitoring deals@haldenstreet.com

Inbox

Pipeline

Comps

Unreviewed

8

Awaiting decision

Approved

2

On Acquisitions

Pass Rate

47%

8 of 17 pass your buy box

Criteria Coverage

100%

Deals include most fields

Pass

6

Incomplete

2

Fail

9

Search deals, location, broker…

All Verdicts

All Types

All Locations

6 Deals

Deal

Received

Action

Price

Cap Rate

Verdict

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX

Meets all 9 rules

2h ago

Approve

Deny

$7.4M

5.91%

Pass

Beltway Last-Mile Station

10505 Cash Rd, Stafford, TX

Meets all 11 rules

4h ago

Approve

Deny

$14.8M

5.90%

Pass

Crystal Falls Fitness

1101 Crystal Falls Pkwy, Leander, TX

Meets all 9 rules

12h ago

Approve

Deny

$6.8M

6.90%

Pass

Preston Road Ground Lease

19100 Preston Rd, Dallas, TX

Meets all 9 rules

15h ago

Approve

Deny

$3.6M

5.80%

Pass

Tractor Supply

25402 Northwest Fwy, Cypress, TX

Meets all 9 rules

Yesterday

Approve

Deny

$4.6M

6.25%

Pass

Starbucks Drive-Thru

2701 S I-35, Round Rock, TX

Passes · 15 yrs left on the lease

Yesterday

Approve

Deny

$3.1M

5.75%

Pass

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

Underwrite from the documents.

Underwrite and draft the LOI.

Rent, steps and options come straight from the lease, every figure tied to its page. Returns, debt and the IC memo follow from the same record.

Rent, steps and options come straight from the lease, every figure tied to its page. Returns, debt and the IC memo follow from the same record.

dashboard.rets.ai/deals/lamar-pharmacy-pad/underwriting

Rets AI

Core

Tasks

Acquisitions

Asset Management

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Tools

Leases

Drafting

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Agents

Light

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Acquisitions

Lamar Pharmacy Pad

Search…

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Lamar Pharmacy Pad

Intake

Export Excel

Source Email

Actions

5405 N Lamar Blvd, Austin, TX

Details

Overview

Lease

Underwriting

LOI

Files

Edited 2h ago by Maya Chen

Saved automatically

Levered IRR

8.6%

Clears the 8% hurdle by 0.6 pts

Equity Multiple

1.94x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Going-in Cap

5.91%

Exit 6.50%, 59 bps wider

Equity Required

$3.4M

On $437,000 of year-one NOI

Max Bid

$7.55M

102% of ask at the 8% hurdle

Assumptions

Edit Assumptions

Purchase Price

$7,400,000

Net Operating Income

$437,000

Rent Growth

1% a year

Hold

10 years

Exit Cap

6.50%

Hurdle

8%

Debt

55% LTV, 6.25%, 25 yr

Partners

Whole equity

Annual Cash Flow

Line Item

Year 1

Year 2

Year 3

Year 4

Year 5

Scheduled Base Rent

437,000

437,000

437,000

437,000

437,000

Expense Recoveries

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Net Operating Income

437,000

437,000

437,000

437,000

437,000

Debt Service

(322,300)

(322,300)

(322,300)

(322,300)

(322,300)

Levered Cash Flow

114,700

114,700

114,700

114,700

114,700

Debt

Loan Amount

$4,070,000

Rate

6.25% fixed

Amortization

25 years

Term

10 years

Annual Debt Service

$322,300

DSCR

1.36x

Debt Yield

10.7%

Loan to Value

55%

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Saved automatically

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Year 8

2034

Net Operating Income

$437,000

$462,492

$480,700

Debt Service

($322,183)

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

$158,517

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

dashboard.rets.ai/deals/lamar-pharmacy-pad/underwriting

Rets AI

Core

Tasks

Acquisitions

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Tools

Leases

Drafting

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Agents

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Maya Chen

Acquisitions

Lamar Pharmacy Pad

Search…

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9+

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Lamar Pharmacy Pad

Intake

Export Excel

Source Email

Actions

5405 N Lamar Blvd, Austin, TX

Details

Overview

Lease

Underwriting

LOI

Files

Edited 2h ago by Maya Chen

Saved automatically

Levered IRR

8.6%

Clears the 8% hurdle by 0.6 pts

Equity Multiple

1.94x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Going-in Cap

5.91%

Exit 6.50%, 59 bps wider

Equity Required

$3.4M

On $437,000 of year-one NOI

Max Bid

$7.55M

102% of ask at the 8% hurdle

Assumptions

Edit Assumptions

Purchase Price

$7,400,000

Net Operating Income

$437,000

Rent Growth

1% a year

Hold

10 years

Exit Cap

6.50%

Hurdle

8%

Debt

55% LTV, 6.25%, 25 yr

Partners

Whole equity

Annual Cash Flow

Line Item

Year 1

Year 2

Year 3

Year 4

Year 5

Scheduled Base Rent

437,000

437,000

437,000

437,000

437,000

Expense Recoveries

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Net Operating Income

437,000

437,000

437,000

437,000

437,000

Debt Service

(322,300)

(322,300)

(322,300)

(322,300)

(322,300)

Levered Cash Flow

114,700

114,700

114,700

114,700

114,700

Debt

Loan Amount

$4,070,000

Rate

6.25% fixed

Amortization

25 years

Term

10 years

Annual Debt Service

$322,300

DSCR

1.36x

Debt Yield

10.7%

Loan to Value

55%

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Saved automatically

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Year 8

2034

Net Operating Income

$437,000

$462,492

$480,700

Debt Service

($322,183)

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

$158,517

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

dashboard.rets.ai/deals/lamar-pharmacy-pad/underwriting

Rets AI

Core

Tasks

Acquisitions

Asset Management

Analytics

Tools

Leases

Drafting

Chat

Agents

Light

Settings

MC

Maya Chen

Acquisitions

Lamar Pharmacy Pad

Search…

⌘K

9+

Ask Rets

Lamar Pharmacy Pad

Intake

Export Excel

Source Email

Actions

5405 N Lamar Blvd, Austin, TX

Details

Overview

Lease

Underwriting

LOI

Files

Edited 2h ago by Maya Chen

Saved automatically

Levered IRR

8.6%

Clears the 8% hurdle by 0.6 pts

Equity Multiple

1.94x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Going-in Cap

5.91%

Exit 6.50%, 59 bps wider

Equity Required

$3.4M

On $437,000 of year-one NOI

Max Bid

$7.55M

102% of ask at the 8% hurdle

Assumptions

Edit Assumptions

Purchase Price

$7,400,000

Net Operating Income

$437,000

Rent Growth

1% a year

Hold

10 years

Exit Cap

6.50%

Hurdle

8%

Debt

55% LTV, 6.25%, 25 yr

Partners

Whole equity

Annual Cash Flow

Line Item

Year 1

Year 2

Year 3

Year 4

Year 5

Scheduled Base Rent

437,000

437,000

437,000

437,000

437,000

Expense Recoveries

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Tenant pays

Net Operating Income

437,000

437,000

437,000

437,000

437,000

Debt Service

(322,300)

(322,300)

(322,300)

(322,300)

(322,300)

Levered Cash Flow

114,700

114,700

114,700

114,700

114,700

Debt

Loan Amount

$4,070,000

Rate

6.25% fixed

Amortization

25 years

Term

10 years

Annual Debt Service

$322,300

DSCR

1.36x

Debt Yield

10.7%

Loan to Value

55%

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Net Operating Income

$437,000

$462,492

Debt Service

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

Run what you own.

Manage every property you own.

After closing, the deal becomes the property record: the lease abstracted with citations, rent and debt, and every critical date with its owner.

After closing, the deal becomes the property record: the lease abstracted with citations, rent and debt, and every critical date with its owner.

dashboard.rets.ai/leases/lamar-pharmacy-pad

Rets AI

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Leases

Drafting

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Agents

Light

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Maya Chen

Leases

Lamar Pharmacy Pad

Search…

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9+

Ask Rets

Walgreens

14,820 SF · Absolute NNN · Jun 1, 2013 to May 31, 2038 · From Lamar-Lease.pdf

Annual Base Rent

$437,000

Rent PSF

$29.49

Next Rent Step

+10%

Remaining Term

11 yr 7 mo

Remaining Contractual Rent

$5,314,484

Rent and Term

As written

Absolute NNN. Tenant pays taxes, insurance, and all maintenance.

Renewal options

Four 5-year options at 10% increases

Abatement

None

Period

Dates

Monthly

Annual

$/SF

Step

Basis

Years 1–10

Jun 2013 – May 2023

$33,025

$396,300

$26.74

—

Stated

Years 11–20

Jun 2023 – May 2033

$36,417

$437,000

$29.49

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$40,058

$480,700

$32.44

+10%

Stated

Option 1

Jun 2038 – May 2043

$44,067

$528,800

$35.68

+10%

Stated

Critical Dates

Estoppel request due

Oct 8, 2026

Next rent step

Jun 1, 2033

Renewal notice due

Dec 2, 2037

Guaranty & Security

Guarantor

Walgreen Co.

Credit rating

BBB (S&P)

Security deposit

None

Maintenance and Repairs

Roof and structure

Tenant

Parking lot

Tenant

HVAC

Tenant, replaces at end of life

Insurance and Taxes

Property insurance

Tenant, may self-insure

Real estate taxes

Tenant pays directly

Landlord costs

None

Use and Operations

Permitted use

Pharmacy and general retail

Operating covenant

None, may go dark

Exclusive

No other pharmacy within 1,000 ft

Assignment and Rights

Assignment

To affiliates without consent

Right of first refusal

None

Estoppel

Within 20 days of request

Asset Management

As of Oct 3, 2026

Implied NAV

$16.4M

5 of 5 properties marked

Annual Rent

$2,160,000

8 of 8 leases state a rent

NOI

$2,080,000

5 of 5 from accepted statements, the rest from contract

DSCR

1.34x

Across 5 of 5 levered properties

Income vs Debt Service

5 of 5 from accepted statements.

Property

Tenant

NOI

DSCR

Next Maturity

Bandera Road Fitness

Crunch Fitness +3

$418,000

1.29x

Jun 1, 2027

Perimeter Park Last-Mile

FedEx Ground

$866,000

1.40x

Sep 1, 2031

Georgetown Starbucks

Starbucks

$363,000

1.31x

Mar 1, 2030

Kyle Tractor Supply

Tractor Supply

$291,000

1.33x

Dec 1, 2032

Culebra Dollar Store

Dollar General

$142,000

1.27x

Feb 1, 2029

dashboard.rets.ai/leases/lamar-pharmacy-pad

Rets AI

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Leases

Lamar Pharmacy Pad

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Walgreens

14,820 SF · Absolute NNN · Jun 1, 2013 to May 31, 2038 · From Lamar-Lease.pdf

Annual Base Rent

$437,000

Rent PSF

$29.49

Next Rent Step

+10%

Remaining Term

11 yr 7 mo

Remaining Contractual Rent

$5,314,484

Rent and Term

As written

Absolute NNN. Tenant pays taxes, insurance, and all maintenance.

Renewal options

Four 5-year options at 10% increases

Abatement

None

Period

Dates

Monthly

Annual

$/SF

Step

Basis

Years 1–10

Jun 2013 – May 2023

$33,025

$396,300

$26.74

—

Stated

Years 11–20

Jun 2023 – May 2033

$36,417

$437,000

$29.49

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$40,058

$480,700

$32.44

+10%

Stated

Option 1

Jun 2038 – May 2043

$44,067

$528,800

$35.68

+10%

Stated

Critical Dates

Estoppel request due

Oct 8, 2026

Next rent step

Jun 1, 2033

Renewal notice due

Dec 2, 2037

Guaranty & Security

Guarantor

Walgreen Co.

Credit rating

BBB (S&P)

Security deposit

None

Maintenance and Repairs

Roof and structure

Tenant

Parking lot

Tenant

HVAC

Tenant, replaces at end of life

Insurance and Taxes

Property insurance

Tenant, may self-insure

Real estate taxes

Tenant pays directly

Landlord costs

None

Use and Operations

Permitted use

Pharmacy and general retail

Operating covenant

None, may go dark

Exclusive

No other pharmacy within 1,000 ft

Assignment and Rights

Assignment

To affiliates without consent

Right of first refusal

None

Estoppel

Within 20 days of request

Asset Management

As of Oct 3, 2026

Implied NAV

$16.4M

5 of 5 properties marked

Annual Rent

$2,160,000

8 of 8 leases state a rent

NOI

$2,080,000

5 of 5 from accepted statements, the rest from contract

DSCR

1.34x

Across 5 of 5 levered properties

Income vs Debt Service

5 of 5 from accepted statements.

Property

Tenant

NOI

DSCR

Next Maturity

Bandera Road Fitness

Crunch Fitness +3

$418,000

1.29x

Jun 1, 2027

Perimeter Park Last-Mile

FedEx Ground

$866,000

1.40x

Sep 1, 2031

Georgetown Starbucks

Starbucks

$363,000

1.31x

Mar 1, 2030

Kyle Tractor Supply

Tractor Supply

$291,000

1.33x

Dec 1, 2032

Culebra Dollar Store

Dollar General

$142,000

1.27x

Feb 1, 2029

dashboard.rets.ai/leases/lamar-pharmacy-pad

Rets AI

Core

Tasks

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Tools

Leases

Drafting

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Agents

Light

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MC

Maya Chen

Leases

Lamar Pharmacy Pad

Search…

⌘K

9+

Ask Rets

Walgreens

14,820 SF · Absolute NNN · Jun 1, 2013 to May 31, 2038 · From Lamar-Lease.pdf

Annual Base Rent

$437,000

Rent PSF

$29.49

Next Rent Step

+10%

Remaining Term

11 yr 7 mo

Remaining Contractual Rent

$5,314,484

Rent and Term

As written

Absolute NNN. Tenant pays taxes, insurance, and all maintenance.

Renewal options

Four 5-year options at 10% increases

Abatement

None

Period

Dates

Monthly

Annual

$/SF

Step

Basis

Years 1–10

Jun 2013 – May 2023

$33,025

$396,300

$26.74

—

Stated

Years 11–20

Jun 2023 – May 2033

$36,417

$437,000

$29.49

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$40,058

$480,700

$32.44

+10%

Stated

Option 1

Jun 2038 – May 2043

$44,067

$528,800

$35.68

+10%

Stated

Critical Dates

Estoppel request due

Oct 8, 2026

Next rent step

Jun 1, 2033

Renewal notice due

Dec 2, 2037

Guaranty & Security

Guarantor

Walgreen Co.

Credit rating

BBB (S&P)

Security deposit

None

Maintenance and Repairs

Roof and structure

Tenant

Parking lot

Tenant

HVAC

Tenant, replaces at end of life

Insurance and Taxes

Property insurance

Tenant, may self-insure

Real estate taxes

Tenant pays directly

Landlord costs

None

Use and Operations

Permitted use

Pharmacy and general retail

Operating covenant

None, may go dark

Exclusive

No other pharmacy within 1,000 ft

Assignment and Rights

Assignment

To affiliates without consent

Right of first refusal

None

Estoppel

Within 20 days of request

Asset Management

Implied NAV

$16.4M

Annual Rent

$2,160,000

NOI

$2,080,000

DSCR

1.34x

Income vs Debt Service

5 of 5 from accepted statements.

Property

DSCR

Bandera Road Fitness

1.29x

Perimeter Park Last-Mile

1.40x

Georgetown Starbucks

1.31x

Your data, connected.

Rets reads your documents and your deal inbox, then adds public data about each site.

Rets logo
Rets logo

Rets proprietary database

Tenant credit, parcels and property facts

Outlook / Microsoft 365 logo

Outlook / Microsoft 365

Your deal inbox

Google Places logo
Google Places logo

Google Maps

Every anchor nearby, without leaving Rets

EPA environmental records icon
EPA environmental records icon

Your firm’s own data

Every deal, pass and correction

Trade area icon
Trade area icon

Trade area data

Census, BLS jobs and DOT traffic counts

Flood zone icon
Flood zone icon

Site risk records

FEMA flood and hazard, EPA contamination

Crime data icon
Crime data icon

FBI crime data

Crime rates for the area

Public web research icon
Public web research icon

Public web and news research

Tenant and market research

Treasury and SOFR rates icon
Treasury and SOFR rates icon

Treasury and SOFR rates

Debt cost and spread to Treasuries

SEC EDGAR filings icon
SEC EDGAR filings icon

Tenant credit filings

SEC, PACER and franchise disclosures

City building permits icon
City building permits icon

City building permits

Expansions and new competitors nearby

Freight and logistics access icon
Freight and logistics access icon

Freight and logistics access

Interstates, rail, ports and airports

Rets proprietary databaseTenant credit, parcels and property facts
Outlook / Microsoft 365Your deal inbox
Google MapsEvery anchor nearby, without leaving Rets
Your firm’s own dataEvery deal, pass and correction

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

See details

AES-256 at rest

TLS 1.2+ in transit

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

See details

AES-256 at rest

TLS 1.2+ in transit

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

AES-256 at rest

TLS 1.2+ in transit

Built around how your firm works.

Your rules, templates and team are set once, then used on every deal.

Buy box

Buy box

Buy Box

Pass

Cap rate of 5.91% clears your 5.5% floor.

Asking price of $7.4M is within your $2.0M to $15.0M target.

DSCR of 1.36x clears your 1.25x floor.

+6 more

Your rules score every deal, and each verdict shows the rules it passed and failed.

LOI templates

LOI templates

Templates

2 templates

Halden LOI

Usual

14 fields · Sep 12

Ready

Portfolio LOI

11 fields · Aug 28

Draft

Every LOI starts from your template, with the deal’s figures filled in.

Agents

Agents

Trigger

Deal Screened

Condition

Cap Rate at least 7%

Action

Approve

AI

Draft LOI

Pick a trigger, a condition and the actions: draft the LOI, approve or deny, or run research.

Roles and permissions

Roles and permissions

Members

3

MC

Maya Chen

maya@halden.co

Admin

DO

Daniel Ortiz

dan@halden.co

Member

PS

Priya Shah

priya@halden.co

Member

Admins manage the firm’s settings. Members work the deals.

Field history

Field history

Renewal Options

Walgreens

L

Base Lease, 2013

Three 5-year options

A1

Amendment 1, 2019

Governs

Four 5-year options

Every figure shows what each document did to it, and which one governs.

Guided onboarding

Guided onboarding

Getting Started

2 of 5 Done

Connect Your Email

Set Your Buy Box

3

Watch a Buy Box

4

See Your First Deal

5

Invite Your Team

A walkthrough for your team, and your book imported by the Rets team.