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Nilesh Jethwa
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0.7 acres in Kroger anchored center, lease to National tenant, starbucks etc

Nilesh Jethwa
Posted

I happen to own a small parcel  in a shopping complex that has great demographics and is always busy.  

I have been told by few brokers that national tenants need 1 acre to even consider it.

I wonder what tenants might be appropriate for this location. This land is CBD and my neighbour has a approx 5000 sqft building on the same size parcel. 

So is a 5000 sqft building small for national tenants to consider? It is CBD zone so any business including drive thru can operate here. 

I am open for ground lease or BTS options but how do I reach out to the right department heads. I think a Starbucks, Dunkin, Pizza or a small bank or credit union branch would really thrive in this location. The shopping center has several businesses including Kroger,  Goddard School, Truist bank, Ozk Bank to name a few..

Any advice how to proceed, whom to contact?

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