Owning a US Post Office
Does anyone here have any experience leading to the US Postal Service? There is a post office for sale not far from me and the numbers seem fairly attractive. It is a small post office located in a small town. I wouldn’t be too worried about them closing it as everyone in town has to go there to get their mail. The one thing I don’t like about it is that the landlord cover maintenance. I guess I am just wondering if anyone has any advice or things to look out for that I might not be thinking of? 
[{"id": "do54hee", "text": "The USPS has been shrinking for two decades.  Just because that location provides value for the people of the town doesn't mean that it is profitable for the postal service to run.  If they vacate you will need to tear it down or extensively remodel since it is a highly custom floorplan.  Don't get into this unless you have the capital to see that through.\n\nIf it's old it could also be \"historic\" which presents another layer of challenges and opportunities.  \n\nAlso, GSA leases tend to be modified gross, so you will be on the hook for property tax and some other stuff as well.  ", "replies": [], "depth": 1}, {"id": "do5ciiq", "text": "Lousy GSA leases that can be terminated anytime. Ones I\u2019ve dealt with in the past also paid rent at the end of each month instead of on the 1st. On the bright side you will always get paid.", "replies": [], "depth": 1}, {"id": "do6wgax", "text": "I haven't done this so just second hand info based on some friends who appraise these and some landlords I know who own them.  So take this for what it is, if its wrong then you know more than me.  \n\nBenefits:  guaranteed check, they have basically 0 interest in ever moving as its a headache for them and they frankly don't seem to give a shit about the money.  Typically above market rent too.\n\nDrawbacks:  The GSA lease is complicated as shit and there are substantial requirements to resign like appraisals etc.  Look forward to arguing about the weird structure and market rate for utils etc.  If they leave you are pretty boned.  Like who are you going to lease a post office too without gutting it?  \n\nExpect these deals to be more complicated than most, but overall a pretty guaranteed tenant with higher than normal renewal averages.  \n\nI may be misremembering this but I think this is a limit to lease term too which isn't that long.  5 or 10?  Not sure on that.  I know I've seen these with like 2 years left and the common perception was \"well they always renew\"", "replies": [], "depth": 1}]