Anyone own a su0ermarket building?
The plan in my town is to build a shopping center next to a few neighborhoods with a supermarket which I assume will be prime location. 

How does this work? Someone will build the building and I can buy it from them? Or they will buy the land, build it, and rent it themselves? Is it possible for me to get in on the deal or is this big company territory.

How much do supermarkets go for? Rent for?


Still learning. Thanks.

[{"id": "efzz26t", "text": "A supermarket is typically an anchor tenant in a strip mall/retail center. You have to buy the whole parcel. You\u2019ll have to wait to see if it comes on the market unless you want to make an unsolicited offer. ", "replies": [{"id": "eg0rfga", "text": "How do I figure out who to make an offer to? There are no signs up.", "replies": [{"id": "egfgog0", "text": "I am a complete newbie regarding this topic, but I do know in Houston Texas where I live I know which office to go to and I can search real estate records by address and it shows who the registered owner is, and maybe it shows the registered mailing address of the owner..\n\nEven tho I am a newbie at this topic, I would suggest that you might want to research and find out what the property tax amount charged has been for the previous few years..\n\nJust FYI, I haven't looked at it lately, but there was a website where you could lookup property tax history, I think it now requires you to pay to access this site: http://propertyshark.com", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eg03gdz", "text": "I dont think you know how development works. \n\nIs this your plan, or a something you heard about in the news. If they have announced that this is coming, then someone has already purchased the land and is going to be building a building. They likely already have the anchor tenant lined up and on board also. \n\nNot sure what you think you will buy on a deal that's already in the works. Its their investment and they have found a tenant and are building the building. \n\nIf you want to develope your own property you can, but it is complex and takes quite a bit of Capitol to work with. ", "replies": [], "depth": 1}, {"id": "eg0h91j", "text": "Woo this is my old wheelhouse!\n\nI have built shopping centers before... project manager not developer.\n\nInvestor/developer will find a piece of land and do a bunch of research to see what it will fit and what zoning it needs to be to make the most money for the area. Once they figure out shopping center they or at least I would send in an NDA if one was not sent already, then a letter of intent with conditions and such like permits and leases. I then go to the local town, with engineer drawings, market data (traffic, demographics etc) and I sit with the town and go over idea with what I want and what they want. \n\nAt the same time I have a broker advertising that space out to everyone! Hell a gym might have the information sent to them as a back up. Broker gets some interest, you are talking leases and terms with the prospect tenants now so you bring that info to the town and adjust accordingly. \n\nTenant signs a lease agreement with conditions now planning with the town really begins. I'm taking all drawings and crazy sheets to the town before approval. Get to go to a big meeting and get either approved or denied for rezoning, permitting, site approval or whatever. \n\n\nTLDR: Developers typically have a tenant in mind when a site is undeveloped. They never just build to build, or at least not often. \n\nTLDR advice: Find the broker or developer and make an offer if you want it. ", "replies": [{"id": "eg0ru1c", "text": "Let's say I find a piece of land to build a office complex on, like 3 or 4 units for small office spaces. How much does it cost usually to buy the land and sq ft per building. I understand location varies and how much the land is wirth.\n\nThere is a piece of land next to already built office complexes that has not sold for many years. Should I make a low-ball offer and get the land? \n\nI'm assuming it will be worthless to me until I building a building and get tennants as income. Unless the land goes up in value and I just sell it, but them I have cash tied up in land.\n\nDo banks loan money for land?", "replies": [{"id": "eg0vre5", "text": "Zoning can greatly swing the price per acre. \n\nYou can get money to buy land just need to present a plan of action and be willing to take a hit for a bit. \n\nA bank will raise an eyebrow over wanting to build offices next to already empty offices. But they may like a use for the land that compliments the office space like retail, food, medical (if not in office already) a lot goes into this and it's hard to say. \n\nWhere I did most of my work residental zoned land that was about one acre went for 100K. I managed the conversion of a car dealership to a gym and other pads and we bought it for 4.5M, got 6 acres and 2 buildings that had to be torn down. We dropped 1.2 in site work, another 100K in legal/random fees. Currently with one major tenant the property is now worth 12M. Huge sale point is the expansion potential for another buyer. Sorry to go a bit off topic but just giving an example. \n\nPM me if you'd like. Please be specific on the situation (I may ask a bunch of questions, not specific location tho) and I will offer what help I can. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eg0sv2s", "text": "Talk to your local commercial real estate agents. I doubt title is held in an individuals name. Most likely an llc and it\u2019s probably layered to make it difficult for you to know who owns it", "replies": [], "depth": 1}]