I am currently looking at a target for a. The target owns almost all of its retail stores and there have been suggestions of selling these stores to a . Obviously, the stores would need to be leased back. I am no expert with real estate assets, so I was wondering, how to roughly (and quickly) estimate the leases that would be required each year to lease the sold stores. If it helps, I know the total square feet of the stores and the estimated value of the stores. Is there some sort of approximation to estimate the annual lease payments using the value of the stores?
Would be highly appreciated!