Coffee shops such as Starbucks and Dutch Bros. are among the stars of the single-tenant retail world, so much so that Faris Lee Investments recently issued a white paper on the category. However, the universe of assets that the Faris Lee team handles covers a broad spectrum, and each of these asset types had a place in the 2023 investment sales market. Connect CRE recently spoke with managing principals Jeff Conover, Don MacLellan and Shaun Riley for their take on the past year and what 2024 may bring. …
In the multi-tenant category, the sweet spot was strip shopping centers in the two- to seven-tenant range, often multi-tenant pads fronting anchors in shopping centers or standalone, selling in the $3-million to $7-million range. …