Our team specializes in site selection and commercial land in the southeast, with our efficient standard work procedures and dedicated support staff, we are able to generate off-market opportunities in any market. Additionally, we will send you updates on any sites that hit the market in your target areas. Once give your criteria and goals, we will begin a master assignment and create multiple opportunities for your group to chase and execute.
In our world, we brokers wear two primary hats: That of an Advisor and that of a Marketer. Our team takes great pride in seeking to be the best in class in both. When seeking to market properties well, it is a matter of gathering and summarizing all of the relevant property information in as concise a format as possible and then putting it in front of as many potentially interested parties as possible. Our primary steps for accomplishing this are as follows:
Through our years of experience in commercial land, we have built a thorough a great relationship with a large number of developers and tenants. We have also collected a large database of contacts and information that we utilize to who would be the best fit for a site and how to get it in front of them quickly.
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This report tracks cap rates and build-to-suit (BTS) rental rates for Chipotle from 2022 to 2024. Rising interest rates and construction costs have impacted developer and investor attitudes toward new Chipotle BTS projects.
Key Findings:
Cap Rates: Increased by 100 basis points (bps) over three years. Cap rates rose slowly in 2022, but sharply increased by 79.71 bps from 2023 to 2024 due to higher interest rates.
Lease Rates: Lease rates jumped significantly from $55/SF to $64/SF between 2022 and 2023, then stabilized at $65/SF in 2024.
Insights:
Rising costs have cut into both Chipotle’s profit margins (through higher rents) and developers' profits (due to higher cap rates).
Developers face diminishing returns on new Chipotle projects, making them less eager to build.
For example, a Chipotle developed in 2022 at $55/SF could sell for $3.09M, but with 2024's cap rate and higher rent, that value drops to $2.94M despite higher NOI.
Conclusion: Chipotle may need to offer higher rents and longer leases or consider more ground leases to keep developers interested in the current challenging market.
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We use advanced mapping and demographics tools to study the markets and help identify the best locations
We focus on off-market opportunities, and have a proven track record of finding killer sites
We can assist with negotiation, due diligence, transaction management, and entitlement
We help identify markets that meet your client's requirements, and handle the market analysis, phone calls and emails required to find sites, and let you focus on deal-making.
We can evaluate residuals, and help you put together multi-tenant deals--we handle REO and Surplus property work for other national developers and retailers.
You need a team with access to detailed analysis, ensuring you're not leaving money on the table.
Click on the button below to schedule a time to talk with one of our advisors. We'll ask some questions about your goals, and we'll collect information about your site selection needs.
We'll present you with a proposal to move forward. This will have detailed information about our process along with case studies and success stories from similar assignments.
We'll talk together and decide if our team is a fit for the assignment. We may not be the right team to work with your company, and we try to be careful to work with companies whose values match our own.
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