How To Choose Great Retail Investment Property?

Retail investment property is a class of investment that needs more frequent refurbishment and renovation than office property, simply because of the intensity of customer use and the required levels of property presentation to encourage sales and return patronage.

The Kohan Retail Investment Group, LLC experience includes:

1. Ease of parking and access at any time

2. Security across the premises at all hours

3. Good exterior lighting

4. Signage that is standardised, clean, well lit, and easily seen

5. A variety of tenants in the tenant mix that match customer needs

6. Services and amenities that are clean and easy to find

7. Common area zones for customer rest and gathering

8. Tenants that are welcoming and encourage customers back to the property

When looking at a retail property for the first time as a property manager, you have to ask the right questions and be prepared for a complex property inspection process. A retail property, be it a shopping mall, shopping centre, strip mall, or a stand-alone single shop, has critical issues to be observed when inspecting it for future property management.

The reason for this property criticality is that retail property is a vibrant living cash flow that is highly geared to successful function of the property, the tenancy mix, and the sentiment of the customer. When all three of these things are supported and functioning well, then the landlord has a great investment. Here are some critical questions to ask of the property owner in the inspection process.

1. How long has the property been held by the owner and why did they purchase it?

2. How long does the property owner want to hold the property into the future and why?

3. What vacancy threats exist in the property now and how are they being handled?

4. What are the levels of existing trade in the property and how has that changed over the last two years?

5. What or who are the best tenants and why is that?

6. What or who are the more difficult tenants and why is that?

To help with this process it also pays to talk to the tenants yourself so you can see exactly how they feel about the property today. Add to that some customer conversations and interviews, and then you really know what is going on. Kohan Retail Investment Group, LLC believe that small businesses with handcrafted, quality goods and personalized service are the future of American business once again.