Episode 29: Fundamentals of Investing in Retail Commercial Real Estate Business

Thinking about starting a business, looking for commercial space, or maybe looking to start or open a store/restaurant but don’t know what to do or where to go? This episode is for you! Residential property investment tends to grab the headlines, but in today's episode, you’ll discover another type of asset that offers the security of bricks and mortar with high returns and long-term security. Joining us is Mr. John Orr, CCIM, President and Broker-In-Charge of Carolina Retail Experts, Retail Commercial Real Estate Services, managing all aspects and processes of the development cycle. He has completed over 5 million square feet of retail transactions including leases, acquisitions, dispositions and build-to-suit development. He is a Carolina Retail Expert and specializes in the creation of value by executing Retail Commercial Real Estate Strategies for Property Owners, Retailers and Investors throughout the Southeast. Let’s get started! What You’ll Learn From This Episode: Quick intro of John, why and how he chooses the retail commercial real estate What does CCIM stand for and how can you earn its designation? How did COVID affect the retail commercial real estate industry Understanding the undertaking if you want to start a business Three main lines of business that John is dealing with Crafting and understanding a successful business plan Managing the financial status of your business How does the investment in the asset impact value What the landlord is expecting to see if you can't finance yourself when applying for space The fundamental theorem of having complimentary tenants in the shopping center Common mistakes that people make when crafting a business plan What is the biggest challenge right now facing this debt section of the commercial industry? A final thought on the future of the retail commercial real estate Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: [email protected] Connect with John Orr @: Website:  www.carolinaretailexperts.com Follow: @johnorrccim Email: [email protected] Facebook: https://www.facebook.com/JohnOrrCRE Instagram: https://www.instagram.com/johnorrccim/ Linkedin: https://www.linkedin.com/in/johnorrccim/