Retail Solution Advisors Unveils The Advantages of Hard Corner Commercial Retail Real Estate

Mon , March 25, 2024

Florida, United States, March 25, 2024 – Hard corner commercial real estate, positioned at the intersection of two busy streets, offers distinctive advantages that make it highly sought after by investors, developers, and tenants alike. Below listed give very good rationale for being on the hard corner:

1. Exceptional Visibility

Properties at hard corners benefit from exposure to two intersecting streets, maximizing visibility to both pedestrian and vehicular traffic. This enhanced visibility can significantly boost brand recognition and customer foot traffic, a key advantage for retail and service-oriented businesses.

2. High Traffic Counts

Hard corner commercial retail real estate parcels are typically located at intersections with high traffic volumes, increasing the likelihood of spontaneous visits from potential customers. The constant flow of traffic provides commercial and retail businesses with a constant inflow of both vehicles and pedestrians.

3. Ease of Access and Egress

The strategic location of hard corner properties often allows for multiple access points, making it easier for customers to enter and exit. This can be particularly beneficial for quick-service restaurants, banks, and convenience stores, where convenience is a major factor in customer decision-making.

4. Add A Traffic Signal for Increased Accessibility

Traffic signals regulate the flow of traffic, making it safer and more convenient for those who patronize businesses near the intersection. Controlled access points can encourage more visits by reducing the time and effort needed to enter or exit parking areas. Also, traffic signals create safe crossing points for pedestrians, which is especially important in high-traffic commercial areas. This can increase foot traffic to businesses. Further, traffic signals reduce the likelihood of accidents by controlling the flow of vehicular traffic, making intersections safer for drivers, cyclists, and pedestrians alike.

5. Potential for Increased Property Values

Commercial properties near intersections with traffic signals are often more desirable due to their perceived benefits in safety, accessibility, and visibility. This demand can drive up property values and rental rates.

6. Premium Signage

Street frontage offers enhanced opportunities for signage visible from multiple directions. Effective signage can attract more customers and is an invaluable marketing tool for businesses.

7. Greater Land Use Efficiency

Hard corner sites often allow for more efficient use of land, with the potential for building designs that maximize the usable space and accommodate more parking or additional amenities. This can lead to a higher revenue-generating potential per square foot.

8. Desirable for Multiple Business Types

The benefits of hard corner locations appeal to a broad range of business types, including retail stores, fast food chains, banks, pharmacies, and gas stations. This versatility increases the property’s potential tenant pool, reducing vacancy risks.

9. Potentially Higher Asking Rents

Due to their desirability and the competitive advantage they provide to businesses, hard corner properties often command higher rents and have higher resale values. Being able to attract higher rents is an obvious benefit to both landlords and developers in terms of profitability and capitalization rates.

10. Resilience to Economic Fluctuations

The inherent advantages of high visibility, traffic, and ease of access can make hard corner properties more resilient to economic downturns. Businesses in these locations may continue to perform relatively well, providing stable rental income to owners.

Investing in hard corner signalized intersection comes with a set of compelling advantages, including unparalleled visibility, high traffic counts, and superior access and signage opportunities. These factors combine to make hard corner properties highly coveted in the commercial real estate market, often resulting in strong performance metrics for both tenants and investors. Given these benefits, hard corner locations are frequently considered prime real estate investments with the potential for significant long-term value and returns.