Can A Deal Structure Be Made?
Hello,

I reaching out here to see if anyone can point me in the right direction on my situation. 

Here are the details:

- We operate 14 brick and mortar cell phone stores

- We have outgrown three of the spaces and need to move 

- There is real estate available near by in all three instances where a multi unit retail center either needs to be built or where a large building could be converted to a multi unit retail center

Here is what I want: some percentage of ownership in a development where we are a tenant. We have capital to contribute but not all of the estimated $1.5mln needed to get everything done. Thank you for any and all feedback!

- Austin
[{"id": "f583cns", "text": "It sounds like you need to raise debt or equity based off the profit you are currently generating and will be generating with the new moves. I would talk to a commercial mortgage broker who has experience putting together small equity deals.", "replies": [], "depth": 1}, {"id": "f58jak7", "text": "Really no unless you pay 20-25% above market rent at minimum and even then I\u2019d reconsider.\n\nIf you are a market mover, build a single tenant facility and sell the lease to invest in another multi tenant facility. \n\nIf not, enjoy your profits and use those to turn into a developer or build relations with a developer partner", "replies": [], "depth": 1}, {"id": "f58n60p", "text": "Google SBA 7a loan.  If you have that many stores, you probably have a good relationship with your local bank.  If not...then switch banks.  Strip mall locals may not be as easy to own as a free standing location is.  Reach out to your local CBRE office too.", "replies": [], "depth": 1}, {"id": "f58ngax", "text": "Perhaps contact the listing agent of each of those nearby properties and have him/her sweeten the deal by indicating there would be a potential tenant willing to contribute and hope for the best...", "replies": [], "depth": 1}, {"id": "f5uerdt", "text": "It's useful for a retail developer to have a tenant in hand for them to kick off a development / redevelopment - banks will want some amount of pre-leasing in order to finance the project. It's possible that you could be that tenant in hand and also be an equity partner in the development. You should get \"credit\" for bringing your tenancy in hand to the deal but how that is structured is a question you'll need to find an answer to - you'd want to either be on the GP side with the developer (more upside but more risk) or get a good preferred return on your equity on the LP side (lower risk, lower return). BTW: Usually that kick-off tenant is \"CVS\" or \"Starbucks\" or \"HEB\" or \"7-11\" but in a smaller strip center its possible that a cell store with a good track record could be an anchor tenant.\n\nTalk to retail brokers - I'd go to the retail team at Stream (they office at 515 Congress). In fact, I'd call or email Edvin Beasley and see if you can take him to lunch to bounce the problem/opportunity off of him. He's a great guy and that team is good at being creative in structuring deals. \n\nEdit: Edvin is more of an office guy but he's helped me with retail before. Ryan Ridgeway would be the full blown retail guy but I've only worked with him lightly. Ryan's one of the top retail leasing guys in Austin though (top last year) so maybe he's the right call. I just like and trust Edvin, and I know he's involved in a few product types / deal structures, so I recommend him.", "replies": [{"id": "f6gibyt", "text": "What is an anchor tenant", "replies": [{"id": "f6gvbk6", "text": "Holler at Google", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]