Retail properties are among the most sought after project types because of the sales tax revenue that they generate for cities.  These properties are also a critical component in the success of any new development.  Retail attracts people to spend their time and money at a specific development.  Additionally, due to triple net leases, retail provides landlords with a virtually hands-off approach to their investment. Current market trends have retail properties trading at between a 5% and 6% annual return on investment, not including depreciation and other deductions.

Whether you are looking to purchase, sell, or lease a retail property, it is crucial that you have representation by a real estate broker familiar with retail transactions and retailers in general. Brokers have many responsibilities, for instance, making sure that you have the proper tenant mix, which is key to driving traffic and making your business a success. Additionally, a knowledgeable broker can assist you in negotiating favorable terms for your lease.  Many of the Ramsey-Shilling brokers that are involved in retail transactions are members of the International Council of Shopping Centers (ICSC).  There are many issues these Ramsey-Shilling brokers can help you overcome, such as conditional use permit requirements, security issues for banks, and sewer service interceptors for restaurants.

The retail discipline of commercial real estate offers many exciting opportunities for owners/users, and investors. Whether it’s your favorite coffee shop, your local supermarket, a massive book store, or an auto dealership, chances are that the success of the business started with a lease negotiated by an experienced commercial real estate broker.