What pre-leased means
The property already has a tenant paying rent under a signed lease. You start earning from the first month, and the lease terms are known in advance.
What to verify
Check the tenant, remaining lease period, rent escalation, lock-in and payment history. A strong tenant on a long lease is worth more than a high rent on a short one.
Plan your exit
Ask who is likely to buy the property later. Locations with steady demand are easier to resell when your needs change.