SITE SELECTION SERVICES

Retail and Developer

Site Selection Across Georgia and the Carolinas

ASSISTING OUR CLIENTS LOCATING STRATEGIC RETAIL SITES

OUR WORK ON YOUR BEHALF

Commercial Land Experts

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.

BEST-IN-CLASS

Marketing - Advisement - Analysis

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:

KNOWLEDGE OF ACTIVE BUYERS & DEVELOPERS

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.

Every developer deserves a partner who understands the nuances of retail landscapes and is committed to presenting properties with the utmost sophistication and strategic insight. By dedicating ourselves to rigorous market research and meticulous site analysis, we ensure that each location we recommend stands out, compellingly presented to capture the immediate interest of retailers. Our proactive approach in market trend analysis and site optimization keeps your development at the forefront, constantly aligned with the evolving retail environment. Let us redefine what comprehensive, elite site selection service means for your retail developments.

COMMERCIAL LAND CLOSED DEALS

Chipotle Market Report

Chipotle BTS Market Report

October 30, 20241 min read

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Click Here to Download Market Report

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.

Click Here to Download Market Report

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Commercial LandBuild to SuitChipotleMarket ReportCommercial Property DevelopmentLeasingCommercial Real EstateCommercial Land DevelopmentReal Estate BrokerageNational Tenant LeasingLease TrendsGround LeaseBTS
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For Retailers

  • 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

For Developers

  • 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.

Respice Finem (rā-spi-ˌke-ˈfē-ˌnem) - Latin: “Consider the End”, “Live so that your life will be approved after your death.”

REGIONAL FOCUS & EXPERTISE MEETS CLIENT-SERVICE

Let our dedicated land team go to work for you today!

JONATHAN ACEVES, CCIM, MBA

706.214.2927

j[email protected]

JOHN ECKLEY,CCIM, MBA

706.214.2937

[email protected]

DUSTIN WRIGHT

706.214.2922

[email protected]

3 STEPS TO ENSURE YOU'RE PREPARED


Working with the Finem Group is easy.

SCHEDULE CALL

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.

PROPOSAL

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.

DECISION

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.

CASE STUDIES

OFF MARKET DEAL

SITE SELECTION DEAL

SELLER REP DEAL

WHAT OUR CLIENTS ARE SAYING

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