Retail
Real Growth For Business, Personal or Enterprise
Retail real estate is intended to house any business that sells products and services directly to consumers. These projects are typically located to provide the maximum amount of convenience possible to consumers.
While many may say retail is dead, it’s simply shifting thanks to the rise in delivery. Retail is pivoting to offer more entertainment and experiences, which cannot be replaced through online orders.
This real estate asset can range from single, standalone restaurants to massive regional shopping centers.
Community retail centers are often found in the range of 150,000 – 350,000 square feet and have larger trade area.
These shopping centers can have any mix of full-price and discount retailers, depending on which anchors occupy the property. They typically offer a range of apparel and other soft goods.
Community retail centers are usually occupied by one or more big-box retail anchors, such as Kroger, Target, Best Buy, etc. Smaller retailers will fill in the gaps between these larger anchors, hoping to draw in the same shoppers with their convenience.
Retail outparcels are often standalone, single-tenant pieces of real estate. These projects are often located out in front of larger shopping centers with massive draws or situated at high-traffic corners.
Convenience is king for these operators, and they play on the draw of major thoroughfares or other regional retailers.
When thinking of the types of businesses that occupy outparcels or single-tenant net properties, picture Starbucks, Panera, Buffalo Wild Wings, etc.
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