Real Estate Requirements

Real Estate Requirements             

Requirements

  • Near dense daytime populations, including central business districts, business parks, industrial parks, hospitals and colleges
  • In retail areas with strong traffic
  • Daytime employee population greater than 8,000 within a 3-minute drive time and greater than 20,000 within a 5-minute drive time
  • Residential population greater than 25,000 within the defined trade area
  • Median income greater than $40,000
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Site Criteria

  • Pad, end cap, or out-parcel with drive-thru is preferred
  • Strong visibility, easy ingress and egress access and ample parking
  • 600-1,800 square feet footprint, with a minimum of  100′ of frontage
  • Strong national/regional co-tenants, both food and retail
  • Outdoor seating strongly preferred
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Lease Terms

  • 5-year base term with three 5-year options
  • No percentage rent or radius restrictions
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Shell Condition and Tenant Improvements

  • 400 amp, 120/208 or 120/240 volt, 3-phase, 4-wire electrical service stubbed to a main distribution panel in the premises and furnished with meter, circuit breakers, and disconnect as required by code
  • Minimum 1 ton per 200 square feet of HVAC
  • 1 1/2″ water line rated at a minimum of 45 psi and 4″ sewer line stubbed to the rear of the premises
  • Gas service, if available
  • 2 ADA restrooms per
  • Minimum 12′ ceiling. Drywall finished to the roof deck, taped, sanded, and ready for paint.
  • All service tap fees, impact fees, meter fees, and development fee paid by the landlord