Hello,
Would love some opinions on this if anyone has dealt with it before.
If you bought a commercial building that is mixed use residential/retail and you know the most thriving business would be a certain type of restaurant in the retail space, how would you go about finding a tenant?
The property will break even with the residential and retail will be profit. Need to get a lease tenant in the retail and KNOW a certain type of restaurant (upscale, fine dinning) would make a killing in the city. Now to find the restaurateur that will move in there? Would love to structure the lease to be x per sq ft plus percentage as I know it would be a success. But how do you find the non chain restaurant owners that want to expand to a new city? No, there are no other establishments of the type already in the area that need to re locate.
Any thoughts?