M Square Commercial Closes Ocala FL Car Wash Real Estate Sale
M Square Commercial successfully represented the seller, ModWash, LLC, in the disposition of a 0.97-acre retail parcel at 1554 E Silver Springs Blvd in Ocala, Florida. The deal closed on January 30, 2025, with the property transferring to K2 Ocala 2 LLC, a new car wash operator entering the Florida market. Car Wash Real Estate Sale Overview: 1554 E Silver Springs Blvd, Ocala FL Location: 1554 E Silver Springs Blvd, [...]
The Value of Site Planning: A Crucial First Step in Single Tenant Ground Up Development
Site planning is a critical initial step when evaluating potential locations for single tenant ground up development. By carefully considering setback requirements and zoning regulations upfront, developers can save time, money, and avoid potential roadblocks. Let's explore why this process is so valuable and what factors to consider. Understanding Setback Requirements Setback requirements dictate the minimum distance between a building and the property line. These regulations serve several purposes: [...]
Jeff’s Bagel Run Expands to Las Vegas with 10-Year NNN Lease at Eastern Promenade
M Square Commercial has successfully secured a 10-year NNN lease for Jeff's Bagel Run at Eastern Promenade, located at 9400 S Eastern Ave, Las Vegas, NV. This lease marks Jeff's Bagel Run’s entry into the Las Vegas market, expanding its well-loved New York-style bagel concept beyond its Florida roots. With high visibility and access to a thriving retail corridor, this new location positions Jeff's Bagel Run for long-term success in [...]
What is a 1031 Exchange? A Powerful Tool for Real Estate Investors
If you're a savvy real estate investor, you've likely heard of a 1031 exchange. But what exactly is it, and how can it benefit you? Let's dive in! A 1031 exchange, named after Section 1031 of the Internal Revenue Code, is a strategy that allows real estate investors to defer capital gains taxes when selling an investment property and reinvesting the proceeds into a “like-kind property”. In simpler terms, it's [...]
7 Brew Development in Baton Rouge LA: Build-to-Suit NNN Lease Fuels Retail Expansion
M Square Commercial, in collaboration with NAI Latter & Blum, successfully facilitated a strategic build-to-suit, NNN lease agreement for 7 Brew at 5821 Creek Centre Drive in Baton Rouge, Louisiana. This development marks a significant milestone in Baton Rouge's commercial real estate landscape, bringing a new drive-thru coffee experience to one of the city’s busiest retail corridors. NNN Lease Project Overview: 7 Brew Drive-Thru Coffee Development Location: 5821 Creek Centre [...]
Insights into Phase II Environmental Site Assessments
When it comes to commercial real estate development, due diligence is key. One crucial step in this process is the Phase II Environmental Site Assessment (ESA). But what exactly is it, and why might you need one? A Phase II ESA is a more in-depth investigation of a property's environmental conditions, typically conducted when a Phase I ESA has identified potential environmental concerns. It involves collecting and analyzing samples from [...]
Car Wash Development in Springfield MA: Hutton Successfully Acquires 710 Liberty St
We are excited to announce the successful closing of the commercial property at 710 Liberty St, Springfield, MA, marking a significant milestone for our client, Hutton Springfield MA ST, LLC, a Massachusetts limited liability company. This 1.04-acre site will be the new location for a state-of-the-art car wash development in Springfield, MA. Project Overview: Springfield, MA Commercial Property Acquisition Location: 710 Liberty St, Springfield, MA Settlement Date: November 6, 2024 Property Size: 1.04 acres Zoning: Business [...]
Commercial Land Sale in Conroe, TX: Taco Veloz Expands with Retail Acquisition
What happens when excess land from a previous development finds its perfect match? M Square Commercial answered this question by facilitating the sale of a 0.558-acre property in Conroe, TX, enabling local business Taco Veloz to expand its fast-casual dining operations. This transaction highlights the strategic potential of underutilized commercial land in growing markets like Conroe. Located at 826 S Frazier Street, the property was originally part of a Little [...]
Insights into NNN Ground Leases
A NNN ground lease in commercial real estate is a specific type of long-term lease agreement between a landowner (lessor) and a tenant (lessee) with unique characteristics. NNN ground leases are commonly used for single-tenant retail developments like a quick service restaurants, automotive businesses, or free standing retailer uses. Below are some key points about this type of lease… Key Features Land Only - A ground lease covers only [...]
Commercial Land Sale in Erie, PA: Strategic Disposition of Excess Parcels for Franchise Expansion
M Square Commercial recently completed a strategic land disposition in Erie, Pennsylvania, transforming two parcels of excess commercial property into a value-generating opportunity for both the seller and buyer. The transaction involved 2.649 acres adjacent to a Modwash development, effectively marketed and sold to neighboring business owner Papa Echo Holdings, LLC, a Burger King franchisee. This sale underscores the impact of strategic property disposition in reducing holding costs and supporting [...]
Insights into Entitlements
Overview The land entitlement process involves obtaining the necessary legal approvals to develop land for specific commercial use. It is a key step in real estate development, ensuring that any changes to land use or appearance follow local regulations. Importance of Land Entitlements Legal Compliance: This is essential for changing land use, particularly for commercial development. It ensures that the project adheres to local laws and regulations. Project Viability: The [...]
Commercial Land Sale in Dallas, GA: Strickland Brothers Oil Change Franchise Acquisition of B-2 Zoned Excess Land
M Square Commercial recently facilitated the sale of a B-2 zoned commercial property in Dallas, GA, to a Strickland Brothers Oil Change franchisee. This 0.697-acre site, originally part of a Modwash development, highlights the growing demand for franchise property investments in the expanding Atlanta metropolitan area and demonstrates our role in driving strategic real estate opportunities for our clients. Project Overview: Dallas, GA Commercial Land Sale This commercial land sale [...]
Retail Strip Center in Summerlin: Starbucks Lease Extension at Pueblo Place Las Vegas
M Square Commercial (MSC) recently facilitated a significant retail lease extension for Starbucks Corporation at Pueblo Place, a prime retail strip center in Summerlin, Las Vegas. This case study examines the details of the retail lease renewal and planned store remodeling, highlighting the strategic importance of long-term tenant relationships and the value of well-positioned commercial retail property investment in Summerlin. Project Overview: Pueblo Place Retail Center Summerlin Location: 2120 N [...]
Commercial Property Redevelopment in Alton, TX Case Study: Vacant Family Dollar Transformed by Dollar Tree Developer
At M Square Commercial, we recently acted as consultants for a commercial property redevelopment project in Alton, TX, involving the transformation of a vacant Family Dollar building into a new retail space for a Dollar Tree developer. This redevelopment demonstrates our strategic expertise in facilitating complex real estate transactions and delivering value for our clients. Commercial Property Redevelopment Alton, TX: Project Overview This project demonstrates the growing potential for commercial [...]
Insights from the Car Wash Show
Key Take Aways from The Car Wash Show - Nashville 2024 The car wash industry is experiencing shifts in consumer preferences towards professional services and express models, improved labor efficiency due to subscription models, and evolving business sentiments. Takeaways Employees per location decreased by about 15% Revenue per store nearly doubled. Significant increase in professional car washing since the 90s. Overall customer satisfaction shows subscribers have higher satisfaction. Shift from [...]
Strategic M-1 Zoned Land Sale Disposition: Ashland, OH Commercial Real Estate Success
Maximizing Industrial Property Value in Ohio's Heartland In the competitive landscape of commercial real estate, identifying opportunities for value creation is paramount. M Square Commercial (MSC) recently demonstrated its expertise in industrial land brokerage by facilitating a strategic M-1 zoned land sale disposition in Ashland, Ohio. This case study explores how our team leveraged local market insights and cross-state collaboration to transform excess industrial acreage into a prime commercial development [...]
Successful C-2 Zoned Property Sale to Del Taco Franchisee in Sanford, NC
At M Square Commercial, we recently facilitated a successful C-2 zoned land sale to a Del Taco franchisee in Sanford, NC. This 0.96-acre transaction, part of an excess land sale from a Modwash development, was a key opportunity for the franchisee to expand their operations. Our expertise in handling C-2 zoned land sales enabled us to secure this Del Taco franchisee for our Seller, in Sanford, NC. Sanford, NC [...]
Insights into an ALTA Survey
An ALTA survey is a valuable tool for developers and real estate purchasers to understand a property's characteristics, rights, and encumbrances. Here are some key points about ALTA surveys: Comprehensive information: ALTA surveys provide detailed information about property boundaries, easements, improvements, access, zoning, and flood zone classifications. Title-related matters: They include survey-related exceptions from the title commitment, such as rights-of-way, easements, and encroachments. Comparison with title documents: It's important to [...]
Insights into Marketing Land for Development
Marketing for retail land development includes selling not just a real estate location, but a vision of possibilities. Five must have’s for marketing materials for land development opportunities are as follows…. 1.Define the area in discussion. Simply pointing to a property with a designated parcel size next the arrow is not enough information. Instead provide the boundary lines or a survey if your seller can provide one to you for [...]
Insights into a Phase I Environmental Site Assessment
A Phase I Environmental Site Assessment (ESA) is a common due diligence item performed when purchasing land for development. Its purpose is to identify potential or existing environmental contamination liabilities that could impact the property's value and pose threats to the environment or human health. The intent is to evaluate the historical and current uses of the property to evaluate whether these uses have affected the soil or groundwater. Phase [...]
Insights into a Geotechnical Report
A geotechnical report is a common form of due diligence performed when purchasing a property and a crucial document that assesses the subsurface conditions of a parcel intended for development. It provides valuable insights and recommendations that are essential for the successful planning, design, and construction of a project. Here’s an overview of what a geotechnical report entails and its value to developers. A geotechnical report is prepared by geotechnical [...]