"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