Boarded up Single Tenant Commercial Real Estate Properties
I come across Single Tenant Commercial Vacant properties and wonder if they are candidates for new development or just a teardown. Most likely, you will have to see the highest and best use and get some quotes for remodeling it and bringing it up to new code. Also, a good tenant for these properties in my opinion will always be a National Franchise tenant with corporate lease guarantees, but you will have to find out if they would be interested in leasing the property and what their requirements will be for built-out.  Some are built from the 1950s to the 1990s and then a few 2000 and up. Some of these are owned by buyers not knowing what to do with them and I also see seasoned brokers listing the properties and not consulting with the owner on what to do with them.
[{"id": "hm6jds3", "text": "If these were at a location that checked the boxes for a national franchise that would offer and corporate guarantee they wouldn't be vacant. There is something wrong with these properties and it's likely bigger than you can fix with TI (population, consumer habits, or just straight up traffic etc).", "replies": [], "depth": 1}, {"id": "hm6ugp7", "text": "I too come across real estate.", "replies": [], "depth": 1}, {"id": "hm6x7h1", "text": "*(Can I have the 3 minutes back that I spent reading this please?)*", "replies": [], "depth": 1}, {"id": "hm762qx", "text": "Ha, just saw one on LoopNet a few minutes ago in KY new posting. Old 4-plex needing tear down. They are out there !", "replies": [], "depth": 1}, {"id": "hmqs7mu", "text": "You mean dark stores?", "replies": [], "depth": 1}]