We insist a property represents the “natural home” of a tenant. We coined the term “natural home” to reflect that the property and its location, has a feature that makes it at desirable and in many cases essential, that the tenant, or a competitor, operates from the property.
While the investment strategy is to invest in properties with long leases, the natural home feature adds further longevity to he investment. The natural home aspect makes the extension of an existing lease, or the granting of a new lease, more likely at the end of the existing lease term.
The example shown below is a property where a number of different supermarket operators have chosen to operate from the site over the last 35 years and we expect this trend to continue, given the nature of the local area.