Extensive Benefit Package Includes FREE RENT FOR BALANCE OF 2020!
Thank you for considering Cottonwood Village. We are located just off the busiest intersection in Casa Grande (according to a city study), and we're right across the street from Safeway which is highly popular. The center has successful businesses here that could drive more business to you. We have one suite that is available at this time. It is an end suite, Suite #111, with 1,491 square feet. After the long free-rent period, the rent is $1,950 per month, and we pay all expenses except power. We do not charge NNN or CAM charges that are typically found with commercial leases.
Within our center we have a popular bakery, hair salon, Christian book and gift store, print-shop, martial arts school, nail salon, financial and insurance, and a new restaurant opening soon. We encourage you to check out some of the reviews of these businesses, they have an excellent following and could help drive traffic to you.
We offer flexibility on the term of your lease, depending upon several factors including the amount of landlord incentives (free rent and tenant improvements). Below my signature you will find a little more detail on the financial advantages of Cottonwood Village, and why our leases are highly popular. If you are interested in learning more about our desire to help someone start a YOGURT/SMOOTHIE SHOP, please scroll way down towards bottom of page for further information.
We're easy to work with, and always appreciate the opportunity to share ideas even if it doesn't happen to work out, so please call me or text me so that we can start a discussion.
Great Location LLC
Here is a little more detail on how to save money and reduce risks
All retail building carry expenses such as property taxes, insurance, repairs, and landscape maintenance. If you’ve owned a home you’ve undoubtedly dealt with these types of expenses, and know that they can vary year to year. Commercial real estate is no different. The landlord in a retail center can pass all expenses on to their tenants through a lease type known as” Triple Net”, or “NNN”. It’s the most common type of retail lease in Casa Grande, but for tenants it does present a degree of uncertainty, and sometimes there are surprise expenses.
We take a different approach at Cottonwood Village (973 E. Cottonwood Lane, Casa Grande). Tenants here know in advance the exact amount they will pay each month throughout the lease term. We take the variability and potential for unpleasant surprises of Triple Net-NNN away!
There is also another benefit. We also strive to present you with a lower rental rate when comparing apples-to-apples with similar property in Casa Grande! We offer a substantial free rent and improvement allowance, and we are flexible on your lease term and will consider a cancellation clause with repayment of your free rent/tenant improvement credits.
Here is an example on how Cottonwood Village might compare for 1,491 square feet of space, just as an example.
Cottonwood Village General Example of Triple Net/NNN space
Total Rent = $1,950. $1,677 rent + $671 NNN, so Total Rent = $2,348 (expenses can vary)
In our comparison example a tenant might expect to see annual rent increases of about 3% per year, and a city/county rent tax of 2.3% whether with us or someone else. But with Cottonwood village we not only eliminate the variability of NNN, we think you will find that the total monthly rent is less too. As you can see from the above comparison, it’s always important to determine the total cost. Cottonwood Village is offering space at $15.69 per square foot (annualized), and though our hypothetical competitor is offering space at $13.50 per square foot, a $4.50 expense load would make their total rent rate $18 per foot. Of course competitor’s rates can vary, but we think you’ll find we offer an excellent and competitive value, especially when factoring in our free rent and improvement allowances.
For questions, please call or text Doug Fowler, managing member of Great Location LLC 707 337-1067
Yogurt/Smoothie Shop Opportunity - How We Can Help
We envision 2 phases to the business. Phase 1 would be drive-thru only (this is an end unit making that possible but it is still subject to city approval). I'll share more about the cost break down on this vision, of course, but for now figure that it will take $38,000 to open under Phase 1; you would pay 50% of that and we would pay 50%, so your share would be $19,000. Our funding is not a loan, so you would be entering into the business debt free.
It is anticipated that from date of opening until the crisis is largely over, there will be a unique opportunity to capture business from people not wishing to enter into stores and instead using the drive-thru. One food consultant we spoke with recently explained that some businesses are doing as well or better than before the crisis by offering drive-thru and/or delivery. But at some point that you choose (certainly within 2 years unless the crisis last longer than that) Phase 2 would open the space inside and make it suitable for diners to sit and enjoy their treats. The space is 1,491 square feet, so perhaps on the bigger side of many of the franchised self-serve yogurt shops. I'll share more about the cost break down, but we estimate that it will cost an additional $35,000 for Phase 2, and again we will pay 50% so that your share is $17,500, and we can be flexible with the timing to allow you to get that through sales on Phase 1, or borrow what is needed. Our agreement is subject to approval by both parties (you and Great Location LLC) as we explore this concept further.
We would require for you or your family member to manage the business full time, but unless you have very substantial reserves we would not recommend you quitting another job to take this opportunity. This is most viable for someone who would enjoy this type of work, has excellent customer-service skills, and sees the potential for getting a good return on investment, possibly in the form of a substantial annual income. For our part, we will be be working side-by-side to help in any way we might through the start-up process, sharing limited business guidance and ideas, providing 3 months of free rent to help with the cash flow early on. (Under this Yogurt/Smoothie plan we don't offer free rent for all of 2020 because we will be investing $36,500 towards your tenant improvements, equipment, etc for Phase 1 and Phase 2. We have increased the incentives for this kind of business because we think it will help drive substantial traffic to the center and has a good chance to be successful long-term.
One of the nation's largest sellers of yogurt equipment (Turn Key Parlor ) produces a report called "Froyo Store Biz Guide"and in it they offer numerous tips and suggestions, including mistakes to avoid. They recommend knowing your market, choosing the right location, carefully considering equipment, and possibly avoiding franchises due to their extremely high cost. Many yogurt and juice businesses have suffered because of too many stores in one area, but as we shared earlier, we are not aware of any yogurt or smoothie stores in Casa Grande. Casa Grande has some exciting projects in the pipeline, including the Lucid Motors plant that is almost finished. Our location seem suitable as it is in the center of the town's residential (which is under-served since most of the commercial is on the south side). We are located between two high schools, and across from a popular Safeway. Within our strip-mall there is martial arts, books and gifts, hair salon, nail salon, a bakery, insurance and financial, printer and graphics, and a new restaurant concept that has not yet opened, so these businesses would likely help drive traffic. This is an end-unit, which offers the potential, with city-approval, for drive-thru. The intersection we're near is the busiest in Casa Grande according to a city study. Casa Grande's average household income is around $45,000 annually. The population here has more than doubled since 2000 and is now around 60,000. Some retailers will report that a good portion of the buying power annually comes from people who spend only part of the year here, and apparently many of these don't get counted either in terms of the population or household income.
Without a franchise, it means that you'll have to get trained and develop your own business plan in another way, and we have some ideas that might help you do that. Some high end equipment with most of it's useful life remaining gets sold for a fraction of the cost either directly or through companies like Turn-Key Parlor. Our estimate of cost considers buying quality used equipment, supplies, and furnishings.
We would appreciate hearing about your ideas and needs, even if they vary from what we've shared here.
Great Location LLC