Given the fast moving changes brought on by technological innovation and venture driven valuations landlords can no longer rely on all traditional metrics in assessing a tenant.
The term Billion dollar valuation has practically lost its meaning. Delivering a tube of toothpaste in 15 minutes?? Is that a viable business?
Yeah, a lender may finance it, but unless you strategy is to shift risk via non-recourse debt it's time to roll up the sleeves and learn your tenants businesses and their future potential
