“One thing we see often is rent backs… adding a condition where we can lease that property back at market rent to the vendor.”
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Mel Ballas Conveyed
Melbourne Property Podcast ·
“We gifted this kiosk to Madison Square Park philanthropically... Madison Square Park gets just about $1 million in rent just from that one shack.”
Tony Robbins Podcast Daily · The Golden Rule of Hospitality | Tony Robbins Interviews Danny Meyer
Play from 32:50
32:50
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What was described
gifted the permanent kiosk to the park, retained ownership of the business, and leased it back so that rent revenue (~$1 million) goes to the park
$1 million annual rent to the park
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