Hunter Bullet assessments focus on how parcel configuration itself can support additional income.
Excess Parking Income Opportunity
Property Type: Single-Tenant Retail Parcel
Parcel Configuration
• Retail building footprint smaller than total paved area
• Surface parking constructed under older zoning requirements
• Excess parking capacity relative to current operational needs
• Retail building footprint smaller than total paved area
• Surface parking constructed under older zoning requirements
• Excess parking capacity relative to current operational needs
Observation
Many retail parcels built under older zoning requirements contain more parking than the current tenant requires. Portions of the parking area may support secondary income opportunities without affecting day-to-day operations.
Many retail parcels built under older zoning requirements contain more parking than the current tenant requires. Portions of the parking area may support secondary income opportunities without affecting day-to-day operations.
Potential Income Uses
• EV charging operator lease
• solar canopy agreement
• overflow parking agreements with nearby businesses
• EV charging operator lease
• solar canopy agreement
• overflow parking agreements with nearby businesses
Estimated Income
$40,000 – $80,000 annually depending on lease structure.
$40,000 – $80,000 annually depending on lease structure.
Impact
Introducing a secondary income layer can improve cap-rate valuation and strengthen underwriting assumptions during a sale or refinancing.
Introducing a secondary income layer can improve cap-rate valuation and strengthen underwriting assumptions during a sale or refinancing.
Hunter Bullet Role
Identified land-supported income potential based on parcel configuration.
Identified land-supported income potential based on parcel configuration.
Illustrative examples based on typical parcel configurations. Actual opportunities vary by property.
