Property - Retail
Retail properties generally range from individual shops to large neighborhood retail centers. Retail centers drive traffic and may offer several cross-sell opportunities by including various non-competing businesses, sometimes complemented by an anchor store. Larger centers often include “pad sites” typically occupied by banks and fast-food operations. Retail properties are typically non-owner occupied and may be utilized for income, tax relief, and appreciation.
Small strip centers generally range from five to ten tenants and cover 6,000 to 15,000 sq. ft. Many large grocery chains initiate these as brand anchor stores with 10-20 smaller shop-space tenants. I have resources available to help you evaluate the property for length of existing leases, financial strength of the tenants, age, and condition of the property and risk exposure. All these factors should be considered in matching the best commercial properties with your own investment objectives.