Build-to-suit vs second-generation calculator

Compare build-to-suit and second-generation deal structures on upfront capital, total rent and months to open.

• Build-to-suit: the developer builds to your prototype and you lease it, with higher rent, a longer timeline and less upfront capital.
• Second-generation: existing space converted to your use, with lower rent and a faster opening, but conversion cost depends on the prior use and condition.
• Inputs: square footage, franchise category, expected NNN rent, lease term and the developer's timeline. Results are planning ranges, not a bid.