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Updated over 5 years ago,

User Stats

9
Posts
3
Votes
Asad Jamal
  • Real Estate Broker
3
Votes |
9
Posts

Developing a commercial strip center

Asad Jamal
  • Real Estate Broker
Posted

Hey everyone, 

I have an opportunity to put a commercial strip center on a 10 acre lot in a nice location. We were thinking about seeing if a bank would be interested in leasing part of the lot on a long-term basis and then building a strip of units in the back to lease to different types of businesses. My question is, how do I reach out to see who would be interested in leasing?(bank, car wash, etc.) Do we look for vendors first and then build the units or do we build the units first and then find vendors. I understand a bank would just want to lease long-term and then build to suit on themselves and small businesses would come after the units are built, at least that's how I envision it. I wanted to get thoughts and ideas from someone who's done something similar to this. I would really appreciate it. Thank you in advance.

-AJ 

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