WelCor's approach to retail feasibility analysis is both comprehensive and tenant-centric. Let's delve into the details:
1.Comprehensive Analyses:
○WelCor conducts a range of assessments, including:
■Gap Analysis: Identifying gaps in retail offerings within a specific market.
■Geofencing Analysis: Evaluating the impact of geographic boundaries on retail demand.
■Analog Assessment: Comparing the proposed site to similar successful retail locations.
■Grid Assessment: Analyzing the site's position within the retail grid.
■Void Assessment: Identifying underserved areas.
■Retailer Surveys: Gathering insights directly from retailers.
○Their proprietary methods and software align with industry standards.
2.Tenant-Centric Approach:
○Unlike generic models, WelCor recognizes that 70% of retail projects are tailored to specific tenants.
○The remaining 30% require a specific anchor.
○To bridge any demand gap, WelCor:
■
Identifies active retailers in the market.
Identifies active retailers in the market. ■Evaluates if the site aligns with their network.
Evaluates if the site aligns with their network. ■Analyzes demographic preferences of potential tenants.
Analyzes demographic preferences of potential tenants. 3.Distinguished Clients:
○WelCor's expertise extends to clients such as:
■PIMCO
■Newland Communities
■SABAL Financial Group
■North Carolina Department of Justice (on behalf of the North Carolina DOT)
■City of Lillington
■Greenfield Communities
4.Jim Broemer
○Jim Broemer, an expert in this field, has prepared numerous studies and served as an Expert Witness for the North Carolina Department of Justice in condemnation cases.
WelCor's tenant-focused approach ensures that retail developments not only meet demand but also thrive in a competitive landscape
Retail Feasibility Analysis
