For locals, transplants, and visitors alike Nashville has become a city that delivers. I’ve had a front row seat throughout my career to the expansion in size and notoriety of this great market.
As a commercial broker, I talk with retail companies often. I have a unique insight from all sides of franchise development from the tenants to the real estate directors.
Recently a trend has been emerging within the conversations I have with clients and prospective clients about sites for their restaurant and retail locations. They hear the buzz, look at the analytics, and then naturally make some assumptions about where they want to be.
The Nashville market is hot, and everyone wants to have a presence in Nashville, which has brought in a lot of corporate investors.
When you think corporate real estate, the restaurant industry is probably not the first thing that comes to your mind but it is for me. This segment of the market is a specialty for me and holds a special place in my heart. It has seen significant changes the past 6 years with mass consolidation of the restaurant industry.
You are an owner or manger and you’ve been tasked with finding a new location for your business. You hear brokers using a lot of real estate terms, one of which is Letter of Intent or LOI. What exactly is an LOI and why would I use one?
If I could ask you what you believe makes a successful real estate business, I am betting you would say: a company who knows the market and how to market their business while delivering amazing customer service. And that would be absolutely right.
As the year comes to a close, so does the deadline for many tax deductions, or so most people think. If you’re a real estate investor, especially this year, these deductions may be more top of mind. After all, one of the perks of investing in real estate is not just to generate income but also to reap some of the benefits at tax time.
With COVID-19 still burdening the nation, I thought it would be worthwhile to take a deeper look at what the restaurant industry currently looks like in Nashville and how it is continuing to cope.
Currently we are seeing a high level of growth for franchised concepts. The growth has not just been in the number of franchise concepts but also the types of businesses that are franchised.