This edition of A Deeper Dive is brought to you by Rogue Architects.
Everybody wants a drive-thru these days. And that has an impact on the prices for real estate that can accommodate that wish.
This week’s episode of the Restaurant Business podcast “A Deeper Dive” features Barry Wolfe, senior managing director of investments for the real estate investment firm Marcus and Millichap, to talk about the demand for drive-thru sites.
Numerous companies have been pushing more drive-thru expansion, given the lanes’ importance to restaurant sales at the moment. That includes traditional fast-food chains like Del Taco and Jack in the Box. But companies like Chipotle and Starbucks are getting more aggressive in seeking out such sites. And now companies that never considered drive-thrus before, such as Shake Shack, are getting into the business.
This has an impact on pricing. Finding drive-thru sites is increasingly difficult. The sites are getting more expensive. And companies have to get creative when they want to expand.
Wolfe, an expert in real estate topics, discusses these issues and provides recommendations for companies looking to expand.
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