What are the three keywords of commercial real estate? LOCATION, LOCATION LOCATION
This October, Cardinal Realty Group traveled from their ST. Louis offices to perform site visits on two properties for their commercial real estate investment buyers. These retail buildings included a Popeye‘s Louisiana Kitchen Restaurant in Baker, LA (outside of Baton Rouge) for a Russian client and a Citgo in in Calabash, NC, just north of Myrtle Beach SC for a client in China. The Popeyes Louisiana Kitchen,which is being offered for sale at a 9% cap rate, is currently under control, while the Chinese client client passed on the Citgo mainly because of the observations made from the site visit.
Cardinal Realty Group is committed to the well-being of all their clients, and works hard to ensure that any property acquired by our clients is in a location that will ensure continuing cash flow through the duration of the lease and that there is a market for the property after the lease expires. By taking the time and expense to make these site visits, their agents prevent unpleasant surprises later and help their clients make profitable investments. The site visit provides necessary, real-time intelligence regarding the investment property, including the physical condition of the property and the surrounding area. This is information you cannot get on the web alone.
During the past few years Cardinal Realty Group has successfully closed on over $24 Million Dollars of single tenant investment properties for our real estate investment clients. Visit their website to learn more about their approach and range of services, or just call (636) 225-0385 to speak with an agent today.