This is Alex Gebhart with Royal Commercial Real Estate, here to kick-off a new series centered around the local businesses of Chandler, Arizona. I’ll be interviewing the business owners, taking a look at what their businesses do, and answering some of their questions about commercial real estate in the process. I most recently met with Julie Hinders, owner of Grateful Joe coffee.
Grateful Joe is a mobile coffee truck offering hot drinks, cold drinks, refreshers, and chai tea. They’ve been going around to visit different neighborhoods and businesses for about a year and a half, serving up drinks all across Chandler on a rotating schedule.
People have been starting to ask Julie, “Hey, do you have a retail location?” She is not quite to that point yet. Her commercial real estate question is:
When I am ready to move my business to a commercial real estate space, what should I expect?
What is commercial real estate? Is it the same as regular real estate or is it different?
Some mobile or smaller business may be looking to move into a permanent retail location but are unsure what the process involves. What I tell people is that it’s just like if you’re buying a home. If you can afford to buy the home, then you should buy the home. If you can’t afford to buy a home, then you should rent a home. It’s the same with commercial real estate.
How long can I expect to be in a commercial real estate lease?
If you’ve ever rented a home, it’s the exact same. Typically, you’ll be seeing leasing agreements lasting around three to five years. There’ll be a security deposit, you’ll be able to talk the terms and things with the landlord, and be able to negotiate the deal. What I do is help you negotiate the deal with the landlord.
If you’d like to grab yourself some great coffee from a local business, check out Grateful Joe’s Facebook Page to see their schedule and find out where they are today.
If you are a small business owner in Chandler and you have questions about commercial real estate, or you would like to do a Chandler video like this with me, please do not hesitate to reach out. You can email me at email@example.com or reach me at (602) 622-6421.