Convenience stores big in Florida's commercial real estate market

Convenience stores big in Florida's commercial real estate market

In South Florida, convenience stores are currently stealing the spotlight in the world of commercial real estate. Chains in the area are spearheading their commercial real estate expansion plans and are building brand new and larger stores. What makes today's convenience stores stand out is that they have upped the ante, particularly with regard to their unique services and food options.

Gone are the days where customers expected nothing more than a cup of coffee, junk food and gas from a convenience store. Now, South Florida companies are offering ATMs that are surcharge-free and even complimentary Wi-Fi. In addition, they are offering beverages and foods that emphasize health.

For instance, customers can expect more food options such as hummus and pitas, smoothies, hoagies and even lattes with skim milk. Some stores feature frozen yogurt bars with a multitude of toppings, along with fresh sandwiches. A few of the fastest-growing chains in the South Florida area are 7-Eleven, Speedway and RaceTrac, with hot areas right now including Palm Beach and Broward counties, along with Orlando and Tampa.

With South Florida's convenience store market booming, aspiring business people and investors may benefit from vigorously exploring opportunities this year. When starting a franchise business or launching one's own business, successfully facilitating a commercial real estate transaction is possible with proper legal guidance. Not taking the appropriate steps can end up costing an individual in the long run, both time-wise and money-wise. An applied knowledge of the law can help people to seal the deal and finally realize their business ownership and investment dreams in the Sunshine State.

Source: floridaweekly.com, "Battle of the Convenience Stores", Evan Williams, April 1, 2015