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Vacant Free-Standing Retail Creating "Terrific Opportunity

IRVINE, CA—Free-standing restaurants are still a hot commodity in the retail sector, but the names on those restaurants has been changing. GlobeSt.com EXCLUSIVELY speaks with Chris DePierro of Faris Lee Investments to get his read on the new players.

By Geoffery Metz | Updated on May 12, 2015

IRVINE, CA—Recently there has been a shakeup with retail tenants in all categories. Some are closing stores or downsizing, while others are falling out of favor with today’s consumers. With single-tenant properties hotter than ever among a diverse buyer pool, a vacant retail or restaurant pad building may be more of an opportunity than an albatross. Chris DePierro, managing director with property investment advisory firm Faris Lee Investments, tells us why, in this environment, the opportunity to add value is greater than it has been in recent history.

GlobeSt.com: What types of single-tenant properties are being vacated?

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