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"Perfect" Store Location

Companies!

Ty represents all of the following companies:

  • Capriotti's Sandwich Shop
  • The Beef Jerky Outlet
  • The Spice & Tea Exchange
  • Lifetime Products
  • Dutch Bros
  • Rosati's Pizza
  • Aamco Transmissions
  • Sylvan Learning Centers
  • Blondie's Cookies
  • Teriyaki Madness
  • Snax City

Leases

Ty Brewster

To determine the best location for a business, a real estate agent must take the following characteristics into account:

  • Income demographics
  • Major roads/intersections
  • Surrounding businesses
  • Access to the street
  • Visibility
  • Signage options
  • Type of business
  • Favorable co-tenancy
  • Affordability

-Graduated from ASU in 1994 with a major in business finance

-Arizona Real Estate Licensed

-Has worked for Schwab, Wachovia Bank, Catalyst Commercial Group

-Currently works for Keyser

-Has been an independent real estate agent for the past eight years.

There are four types of commercial real estate leases:

  • Single net lease: tenant pays rent and property taxes
  • Double net lease (NN): tenant pays rent, property taxes, and insurance
  • Triple net lease (NNN): tenant pays rent, property taxes, insurance, and maintenance
  • Gross lease: tenant pays only rent

What is it?

Dutch Bros

  • Founded in Oregon in 1992 by a farmers Dane and Travis Boersma
  • Serves specialty coffee drinks, smoothies, freezes, teas and its private-label Dutch Bros. Blue Rebel™ energy drink that customers can infuse with their favorite flavors
  • In 2011, the company donated more than $1 million to nonprofit organizations, including local food banks, the Muscular Dystrophy Association, American Cancer Society and Boys & Girls Clubs of America.
  • Over 200 locations in Oregon, California, Washington, Idaho, Nevada, Colorado and Arizona
  • Property that is used solely for business purposes
  • Examples: restaurants, stores, malls, gas stations
  • The businesses that occupy commercial real estate usually lease the space. An investor usually owns the building and collects rent from each business that operates there.
  • The two other types of real estate are residential (living purposes) and industrial (manufacturing and production).

Process!

  • Initial introduction to Keyser (or other commercial real estate business)
  • Site search and review of potential site options
  • Submit initial letter of intent for any property that is an acceptable option
  • Negotiate letter of intent
  • Agree on deal terms with final signed letter of intent
  • Landlord provides an initial draft lease for review
  • Tenant reviews and makes requested changes to the lease
  • Tenant signs final lease and provides check for security deposit and first month's rent
  • Tenant receives building permits and begins build-out
  • Tenant opens for business

Commercial Real Estate

By: PJ Joniec

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