Nick Anderson

Retail CRE covering the Iowa Markets #GoHawks

[Nick Anderson @TripleNNNick]

Question for the investors:

When buying a property with a significant vacancy (14% in this case) how do you assign a value to that space? Are you proforma and then discounting TI, LC and downtime?

[Nick Anderson @TripleNNNick]

Retail #retwit community:

Has anyone been in a situation where you need approval from a JR box tenant on a use that the ops team sees to cause a parking concern with taking the spaces in front? They have a clause in lease.

Any creative ways to work thru a situation like this?

[Nick Anderson @TripleNNNick]

Today's Road show - small town Iowa drive thrus getting listed next week.

Know any tenants looking? Lack of competition and lots of opportunity!

[Nick Anderson @TripleNNNick]

Question for the retailers out there-

Having a deal get shut down because the perspective tenant (big name national QSR) is saying they would not show up as a top 3 option of the delivery apps.

Any creative ways to work through this?

[Nick Anderson @TripleNNNick]

Very biased but this is badass.

Had a great JLL event at Caesar's along with a great @ICSC. Came away with new tenant rep assignments and a major retailer interested in land we have.

Now time to put the head down and find some sites! Till ICSC Chicago 🤙🏻

[Nick Anderson @TripleNNNick]

@dirtdog @realEstateTrent Where can one get one of these hats? Asking for a friend...

[Nick Anderson @TripleNNNick]

Ever seen a line for this for Mac & Cheese?

@ronismacbar just opened Ames, Iowa and been crushing it! Have been building the brand on social channels and proven to create demand for the concept. This is the 9th location and many more are in the works!

Coming for @dirtdog

[Nick Anderson @TripleNNNick]

One month away from @ICSC

This is the grown up version of the feeling I would get as a kid counting down the days to Christmas

[Nick Anderson @TripleNNNick]

@Bethazor1 @ICSC Hey Beth, big fan here. Is registration still open for today's session or possible to get in?

[Karina Noor CRE @Karina_inCRE]

I may be wrong but…

I like speed.
Not the kind on wheels—but the kind in business.

I reply to texts, emails, and call you back—fast.
Because speed clears doubt.

And the way I see it:
Doubt delays deals.
And delay kills momentum.

Fast replies =
Faster feedback
Faster learning
Faster wins.

Clarity builds trust.
And trust builds relationships.

[Nick Anderson @TripleNNNick]

Just listed this turnkey daycare facility and business in the fastest growing city in Iowa. Seems like PE is making a big daycare/child services push so will be excited to track activity.

[Nick Anderson @TripleNNNick]

@ExpandingRetail How does one get on the list?

[Nick Anderson @TripleNNNick]

Best tips for sending prospecting emails to potential tenants?

[Nick Anderson @TripleNNNick]

"We've been here for 4 years but we are now running out of room"

Try to talk to all the employees and owners in retail shops. Surprises me every time how many potential stones get turned over

[Nick Anderson @TripleNNNick]

@joshcowman No kidding and good point. This project is in Des Moines, in which we have a couple similar projects to this and really pushing to gain traction but has been a challenge to say the least.

[Nick Anderson @TripleNNNick]

Anyone have good tips for leasing urban retail space?

[Nick Anderson @TripleNNNick]

@CoryZelnik Des Moines

[Nick Anderson @TripleNNNick]

Question for the #landlords:

If you have the competency to handle a tenant's buildout, do you prefer to do so or would you rather give the TI and tenant bring their own contractor?

[Nick Anderson @TripleNNNick]

Life of a #broker. Every other day

[Nick Anderson @TripleNNNick]

@HottleJared Completely agree, don't think a cash strapped tenant is good play for either party

Has depended on the rest of the deal terms, but seeing it amortized into the rent at 6-7% over the term, which has not been well received from the tenants. Market is tight so LL hold the leverage

[Nick Anderson @TripleNNNick]

Something that is not mentioned enough is the spread between a tenant's buildout cost and the TI being offered from the LL. Has been a real challenge for deals

Construction costs continue to increase yet TI has (~mostly) remained the same.

What are you guys seeing?