Why Commercial Retail?
… under construction, 😁I’m still figuring this out
Things to look for:
- Long term tenants (10-20 years)
- High mix of service or food and beverage related businesses (‘Internet-resistant)
- Population stats and traffic count (Population 3 mile radius: 25,000+ people, Median Income 1 mile radius: $70k+, Traffic Count: 22,200 and 20,000 cars per day)
Multifamily in a strong market such as Texas is currently trading at a 6-6.5% cap (2018 for Class C & B). Retail (Class C & B) at a 8-8.5% cap, with grocery-anchored centers below an 8% cap.
More data-driven with institutional feeds.