All Forum Posts by: Bueal George

@Charlie MacPherson I did listen to that podcast. It was very educating. My plan would be to avoid the “retail stores”. Stick to donut shops, realestate agents, fitness center,pizza chains. That sort of business. “Amazon proof it” as you say.

Thank you for your input, it is very helpful.

@Jon Klaus thank you for your input. I will pm you. That would be a very helpful part of my Due diligence. 

Have a blessed 2018 this year!

My end goal: To figure out if I should buy a particular strip center. Step to get there is finding best use/ new tenants, before buy. Here are some Details about property Sale price $1 mil. Marketing pro forma Cap 11.7% ( Calculation and research supports it, but only if occupied. Being sold as vacant essentially) Location tier 2 Rowlett( Dalrock sub market) suburb of Dallas, TX. Densely populated neighborhood. Mostly SFH. Avg Income 96k (take with a grain of salt because near a lake. Lots of above avg in the data pool). Strip center is 7,200 sqft office/ medical/ retail. Currently occupied. Seller who owns and occupies wants to reduce size of his operation to 1800sft. I think he is retiring or relocating else where.

After doing further research. What it is is starting at the location and working in concentric circles outwards. Listing off the other commercial properties ( tenants vacancy) etc. What I did was use google maps and excel to generate a list going out 2 miles. Of every commercial property, tenants and vacancies.

Does anyone have experience doing an windshield survey on a commercial property? How do you do one? Lets use a small retail center 2-6 tenants (vacant) in Rowlett,Texas (suburb of Dallas) as an example.

Thanks Chad Caldwell and Andrew Postell for the info!

I am looking for an agent/ broker to help protect my interstate in purchasing a large SFH portfolio.