Retail · Insights
Underwriting single-tenant retail in secondary markets
Traffic counts are not a thesis. We look at ingress, cannibalization, municipal appetite, and the actual cost to open.
Secondary and tertiary trade areas still produce some of the best single-tenant risk-adjusted returns in the country — if you underwrite operations, not just rent.
Our team has sat on both sides of the table: corporate real estate for national concepts, and development for landlords who will own the dirt for decades.
That combination is why we still start with GIS, drive the site, and then run a construction budget before we talk about cap rates.
Start a conversation
Tell us the market. We’ll bring the structure.
Landlords, tenants, investors, and municipalities use 6S Development as a single point of accountability from site through occupancy.