ROFR

A Right of First Refusal (ROFR) is a contractual provision that gives a party the opportunity to enter into a transaction or agreement before it is offered to others. This right allows the party to match the terms of any offer made by a third party and secure the opportunity to purchase or lease a property, asset, or business. The ROFR provides the holder with a competitive advantage and the ability to control the outcome of a potential transaction.

ROFR is a key concept that affects property valuation, financing decisions, and investment returns in the triple net lease market. Understanding ROFR helps investors make informed acquisition and management decisions.

ROFR directly influences how commercial properties are valued, financed, and traded. Changes in ROFR can impact cap rates, NOI calculations, and overall investment performance for net lease properties.

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