Renting to Starbucks, dunkin donuts

[Patrick DeGarmo]

Any one a land lord to Starbucks I’m trying to get them in my building and it seems I’m getting blowed off even had my county commissioners attorney write letters to them. Any advice will be awesome. Thanks

[Gaspare U.]

Originally posted by @Greg Dickerson:

These types of deals are built, leased up and sold by developers not the tenants. The tenants are not developers and do not want any part of the real estate and development business. 

It requires too much capital and time that is better used to opening new stores. Example would be a $3.5 million building requires $750k in cash and the rest in debt and a year or more to develop from concept to completion. They can open 10 leasehold spaces with the same capital and timeframe with zero debt. It's not their business model. They are retailers and that's the focus. You will find this in the NNN space with all the major regional and national chains. Some smaller mom and pop operations might want to own their own building but not the big boys.

McDonalds would disagree with you.

https://medium.com/@alexcjensen/forget-burgers-mcdonalds-is-a-real-estate-company-49658d4d9061

I've seen Two River Bank (249 N Ave W, Cranford, NJ 07016) built practically overnight. I spoke to an architect in KC who had a thriving business in the 80's wither away 20 years later. He told me the reason was Franchise is King in KC MO. And they buy one plan and use it over and over and over. 

You seem to have more experience than me in this. I have a 3 store strip in Lyndhurst NJ. I'll pay you a handsome commision if you land me a favorable lease with a National Tennant.  I'm not here to argue or insist, just learn and gain knowledge. So like I said you seem to have a lot more experience than me, if you say companies do not make a profit of the erection and development I'll take your word for it. Thank you for your time Mr Dickerson, I always love reading your comments and gain much from it.