Retail underwriting
Retail underwriting software — modeled lease by lease.
Retail underwriting software models a shopping center or strip the way the market prices it: tenant by tenant. Origentic underwrites each lease individually — suite, square footage, base rent with annual steps, NNN or gross expense recoveries, and percentage rent over a breakpoint — so the returns reflect the actual rent roll, not a blended average. It's free to start and runs on the same deterministic engine as every other asset class.
The lease roll is the model
Enter each tenant's economics — base rent, contractual steps, recovery method, and term — and Origentic rolls them up into center-level NOI, debt service, and returns with rollover and downtime handled per suite.
- •Base rent with annual steps, per suite
- •NNN or gross expense recoveries
- •Percentage rent over a sales breakpoint
Anchors, pharmacies, and shop space
Model an anchor's long flat lease next to short-term local shop space, each with its own rollover and re-leasing assumptions, so credit and term differences show up in the cash flow.
Committee-ready, like every class
The same one-screen overview — levered IRR, equity multiple, cash-on-cash, DSCR, sources and uses — plus investment memo and export, so retail deals get the same clarity as the rest of the book.
Why teams choose Origentic
Frequently asked questions
- How does Origentic underwrite retail?
- Lease by lease: each tenant carries its suite, square footage, base rent with steps, NNN or gross recoveries, percentage rent over a breakpoint, and term, and Origentic rolls them into center-level NOI and returns.
- Does it handle percentage rent and recoveries?
- Yes. You can model percentage rent over a sales breakpoint and NNN or gross expense reimbursements at the lease level.
- Can it model rollover and downtime?
- Yes. Each lease carries its term and re-leasing assumptions, so rollover and downtime are reflected per suite rather than averaged.
- Is retail underwriting free?
- Yes — retail is one of seven asset classes on every plan, including the free plan.
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