It’s midnight, I’m on my way home after working my part time evening shift at the hospital lab. I decided to take a different way home. I recently mapped out the laundromats in my area so I can get an idea what my area looks like. I hit like 4 to 5 of them. What struck me the most was that 4 of them were attached to commercial properties and mainly strip malls. There was one that was a solo stand alone building. This led me to question which is better. Here’ what I thought of:
1. Stand alones, operators are less likely to be pushed out by the landlord to utilize the space for something else.
2. Stand alones, operators are less likely to get foot traffic like a strip mall would (which can be good or bad).
3. Stand alones, operators have a better chance of buying the property, since it may cost less than acquiring a strip mall.
4. Stand alones, rent increases may be less drastic.
I seem to be leaning heavily toward stand alone facilites. What do y’all think? What am I missing?
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