Food Hall - Anyone Have Experience?

[Michael Jones]

Hey everyone. I've been investing in real estate since 2018 and I've got experience developing my own land on a few deals.

Currently, I own 23 acres of which I plan to parcel out 3 acres or so to build a food hall. The idea being, that I can build 10 or so food stalls and simply charge rent to the tenants vs being concerned with running a restaurant. I'd also serve alcohol and use that to drive revenue. A major attraction point will be a safe area for kids to play inside and outside so that parents can relax and eat and their kids can run around.

Does anyone have experience with developing a food hall or any thoughts to consider? This area will be easy access to major roads and is in a part of town that does not have enough restaurants but has plenty of homes.

[John Sayers]

Know Bruce P in Austin? He MAY have some general info based on a 2020 deal in Nashville TN. Not sure if he did that deal but it did include 3.34 acres and a foodhall.