Retail Properties

Retail Properties

Find retail spaces that align with your business goals. Filter properties by location, size, business type, and lease options to discover the ideal space for your retail operations.

When purchasing a commercial retail space, Three West can guide you through the following considerations, which ensure your investment aligns with your financial and market potential:

  • Location and foot traffic: Choose a prime location with high visibility and foot traffic, as these factors are critical for retail businesses. Consider proximity to complementary businesses, shopping centers, and popular attractions.
  • Tenant mix and lease agreements: Review the current tenant base, lease terms, rental rates, and occupancy levels. A well-diversified tenant mix can reduce risk, and long-term leases provide stability.
  • Market trends and consumer demand: Understand the retail market trends in the area, including shifts in consumer behavior, local demand, and competition. Check for future developments that might impact foot traffic or desirability.
  • Zoning and permitted use: Verify that the property is zoned for retail use and that local regulations support the type of businesses you want to attract. Be mindful of restrictions or limitations on signage, operating hours, or types of retail allowed.
  • Condition of the property and layout: Assess the building’s condition, including storefront appearance, utilities, HVAC, and restrooms, as well as the flexibility of the space for different types of retailers. A well-maintained, adaptable layout can attract a variety of tenants.
  • Parking and accessibility: Ensure the property has adequate parking for customers and easy access to public transportation. Parking is a key factor for many retail businesses, especially those in suburban or less dense areas.
  • Operating expenses and common area maintenance (CAM): Understand the building’s operating costs, including property management, utilities, and any shared expenses such as CAM charges, which tenants may be responsible for in multi-tenant spaces.
  • Financing and tax implications: Explore financing options, including interest rates, loan terms, and potential tax benefits. Retail spaces may offer tax advantages such as depreciation and deductions for property improvements.