Despite the wreckage of restaurants shuttered in the wake of the pandemic, many well-known quick-serve and fast-casual brands have been able to survive and even thrive through the uncertainty of the past year. As a testament to their agility and resiliency, chain including Chipotle, McDonalds and Papa Johns were able to record sales growth over the past year and even dole out year-end bonuses to their frontline workers. One factor that contributed to these positive results is the typical footprints of these stores. Their locations in strip shopping centers and free-standing buildings made it made it easier to adapt existing space to new normal, introducing outdoor seating and walk-up windows while ramping up drive-through services, mobile ordering and contactless curbside pick-up at a time when large dining rooms were forced to close or limit seating. While the National Restaurant Association reported that 17 percent of U.S. restaurants closed due to the pandemic, fast-casual and quick-serve chains can be critical, positive cash-flow components of income producing commercial property investments.
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email email@example.com.