As a general rule, restaurant franchisees and development agents (DAs) looking for new space are well served when they focus their searches on hard corners, busy intersections and outparcels of successful grocery-anchored shopping centers. Yet, the true measure of a real estate property’s potential comes from an analysis of the existing traffic and sales of nearby businesses.
While restaurants can be a traffic-generating center, it is critical that franchisees and DAs know such factors as whether the grocery store anchoring the shopping center is doing well, or whether the traffic at neighboring projects or outparcels support the restaurant’s sales goals. This market knowledge requires the experience, tenant relationships and investigative skills of real estate professionals who understand the local market and can guide franchisees and DAs through the site selection, contracting and negotiation processes.
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.