Retail Center
Feasibility Study

Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for Retail Center projects.

Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.

Choose us to help you make informed decisions for your Retail Center project.

Book a meeting to interview us, ask questions and view samples of our work.

Because of client project confidentiality, unfortunately we do not email samples to customers - Client Confidentiality is Sacred.

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Retail Center
Feasibility Study

At Wert-Berater, Inc., we are experts in Retail Center feasibility studies, providing essential information to those seeking commercial loans.

Community Centers
Neighborhood Centers
Lifesyle Centers
Malls Indoor and Outdoor
Mixed-Use
Free Stannding Retail
Strip Center Retail

Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of Retail Center properties, including market analysis, financial projections, and site assessments.

With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.

Whether your project is an expansion or new build Retail Center, we have the experience to provide a comprehensive Retail Center feasibility study that assist your decision making process and potential loan underwriting in compliance with commercial loan requirements.

See our Experience Page for recent Retail Center Feasibility Studies completed around the nation.

FAQs

How do we do it?

Retail Center Feasibility Studies are carried out by a careful evaluation as presented in the following Feasibility Statement of Work which complies with loan underwriting requirements.

We subscribe to reliable sources of data that are accepted by loan underwriters.

Will my Retail Center feasibility study be accepted by my lender?

We are approved by a vast network of Lenders, and Commercial Banks. Prior to ordering your Retail Center feasibility study, if your lender in not on our list, we are pleased to provide our feasibility study consultant credentials including E&O Insurance, Sample Retail Center Feasibility Studies, references, and our resumes.

How much does a Retail Center Feasibility Study cost?

Depending on the complexity of the project and the time needed to have a completed Retail Center feasibility study ready, the cost varies from about $7,500 to $25,000.

How much time is needed for us to complete and deliver your Retail Center feasibility study?

This depends on our workload when you order your Retail feasibility study.

RUSH orders cost extra, but can be completed in as little as 10-business days, providing you have the necessary items provided to us at engagement.

Generally, Retail Center feasibility studies are completed in about 15 to 20 business days.

What items do I need to provide to have a Retail Center Feasibility Study completed?

Our Retail Center feasibility studies are comprehensive and intended for loan underwriting purposes.

We normally request the following items when you engage us for a Retail Center feasibility study:

Parcel number(s)
Land cost
Site plan
Building renderings and dimensions (SF areas and allocations) for all uses
Project cost breakdown
Land cost and when purchased or is it under contract
Leases or Letters of Intent
Resumes for all owners with 20% or more interest
Loan terms applied for including, interest rate and amoritzation
Copy of your business plan including your projections
Any appraisals
Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments
If your lender has provided a Term Sheet, we would like to have a copy
Other items you deem important
Lender contact details

Retail Center Feasibility Study Statement of Work

1

Executive Summary

Retail Center Feasibility Studies are designed to comply with commercial loan application requirements.

The Executive Summary includes the following items:

Project summary concerning the franchise (if any), planned improvements details and location
Loan request details
Project cost summary
Conclusions and Recomendations

2

Economic Feasibility

Retail Center Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:

Information regarding project site including:

Land area
Site locator maps
Zoning
Flood zone
Access and Road Service to the Site
Utilities availability
Availability of infrastructure
Visibility
Traffic counts
Neighborhood analysis
Radius Retail Buying Power
Radius Demographics
Household Incomes
Intended hours of operation
Site analysis summary
Conclusions

3

Market Feasibility

The market feasibility section for a Retail Center feasibility study includes the following items:

National industry overview
Local competitive analysis including existing, in-planning and under construction competitors
Road way influences
Traffic capture rates
Retail Market Potential Analysis
Retail Demand (Radius) Forecast
Radius Business Locator Analysis
Retail Goods and Services Expenditures
Market Asking and Effective Lease rates and rate growth rates
Lease Space absorption rates
ARGUS Software Lease and Rent Roll Analysis
Space Absorption Rates
Gross Potential Revenue Estimates
Market Vacancies
Lease Up Analysis
Effective Rents Analysis
Conclusions

4

Technical Feasibility

The technical feasibility study section for a Retail Center feasibility study includes the following items:

Suitability of the selected site for the intended use including an environmental impact analysis
Development and construction cost estimates
Commercial Replication risks
Regulation and Governmental Action
Conclusions

5

Financial Feasibility

The financial feasibility study section for a Retail Center feasibility study includes the following items:

Pro forma (10 years) (ARGUS Run)
Lease Up Analysis
Rent Roll Rollover Analysis
Discounted Cash Flow Analysis (DCF)
Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold
Debt Service Coverage Ratio (DSCR)
Sensitivity Analysis
Breakeven Analysis
Conclusions

6

Management Feasibility

The Retail Center feasibility management feasibility includes:

Management Agreement Summary
Summary of your experience and education, training for all owners with a 20% interest or more
Ownership interest summary
Availability of short-term credit
Tax issues
Company organizational chart
Type of legal entity and information concerning its formation
Conclusions

Why choose Wert-Berater, Inc. for your Retail Center Feasibility Study and what sets Wert-Berater, Inc. from their competitors?

We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.

We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project.

We understand the loan underwriting process.

Over the decades, feedback from lenders has helped shape our Retail Center feasibility studies to comply with underwriting demands.

Moreover, we have experience in a wide array of markets and lease types.

We also evaluate competitor operating costs and refer to information provided by Reis, Inc., CoStar Group and Moody's Analytics.

We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.

Our Retail Center feasibility studies are bankable feasibility studies mostly used for to support loan applications.