𝐇𝐨𝐰 𝐭𝐨 𝐅𝐢𝐧𝐝 𝐚 𝐃𝐫𝐢𝐯𝐞 𝐓𝐡𝐫𝐮 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐢𝐭𝐞 𝐖𝐚𝐥𝐤𝐭𝐡𝐫𝐨𝐮𝐠𝐡
Watch as Chris walks through his process that he has used to find drive thru sites for some of the biggest brands in Coffee including Starbucks and Dutch Bros. Showing step by step what to do and where to look if you are wanting to land a great coffee tenant in your potential development deal.
𝐌𝐚𝐬𝐭𝐞𝐫𝐬 𝐢𝐧 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐓𝐚𝐧𝐧𝐞𝐫 𝐖𝐞𝐛𝐬𝐭𝐞𝐫
Today I was joined by my friend, Chris Hatch of Forza Development, a 3rd generation commercial real estate developer and 6th generation Utahn, Chris’s focus has been on the drive thru retail space and he has been involved in over 1,000 drive-thru real estate deals since 2002. He has recently shifted his focus to entirely development focused, and we spoke in depth about the transition from broker to developer. We also spoke in depth about how to develop NNN retail properties.
𝐇𝐨𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐃𝐞𝐜𝐢𝐝𝐞 𝐄𝐱𝐚𝐜𝐭𝐥𝐲 𝐖𝐡𝐞𝐫𝐞 𝐭𝐨 𝐒𝐞𝐭 𝐔𝐩 𝐒𝐡𝐨𝐩
We know that companies think carefully about where they open stores. They might look at things like how many people pass by the location on a day-to-day basis or how easy it is to access the site by car. But what are the lesser known factors that go into deciding where to open a brick-and-mortar store? And how have these considerations changed over time? In this episode, we talk about the art of retail site selection. We speak with Tom McGee, CEO of the International Council of Shopping Centers, which annually hosts one of the biggest deal-making events connecting retailers and commercial real estate owners. Then, we drill down into a specific type of business: drive-thrus for coffee chains and fast food restaurants. We speak with Chris Hatch, partner at Forza Development.
𝐏𝐞𝐧𝐧 𝐒𝐭𝐚𝐭𝐞 𝐑𝐄 𝐋𝐞𝐜𝐭𝐮𝐫𝐞
Chris discusses his experience in real estate both in brokerage and development. He also dives into one of our projects, Carpe Diem Actum. This project is a retail pad development located in West Valley City, UT and boasts some big name tenants including Starbucks and Jack in the Box.
𝐓𝐡𝐞 𝐅𝐨𝐫𝐭 - 𝐀𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐏𝐨𝐝𝐜𝐚𝐬𝐭
Chris is proud to be a 6th generation Utahn and a 3rd generation commercial real estate developer. His career has focused on helping people build their cash flow in commercial real estate and having fun while doing it. Chris has been involved in over 1,000 drive-thru deals throughout the mountain and desert states throughout his career. Chris joined the brokerage community in 2002. He spent tireless hours helping multiple national retailers such as Dollar Tree, Starbucks Coffee, Verizon, Wendy’s, and Wells Fargo...
𝐓𝐡𝐞 𝐍𝐞𝐭 𝐋𝐞𝐚𝐬𝐞 - 𝐂𝐑𝐄 𝐏𝐨𝐝𝐜𝐚𝐬𝐭
We sat down to chat with Aaron Harris who is the Senior Vice President of Development for Dutch Bros Coffee. We cover a lot in this episode... Everything from the insanely rapid expansion of Dutch Bros over the past few years to some of Aaron's crazier stories about his life as a SVP of development for a national brand that is opening stores every week. Tune in to hear his interesting take on drive thru businesses and the supply chain issues that have been hurting CRE developments lately.