With more than 2,000 franchisees actively searching for locations, the SUBWAY sandwich chain has aggressive growth plans for 2013.
The SUBWAY chain is growing and continues to forge ahead with new opportunities in traditional shopping centers, malls and free standing locations, as well as non-traditional venues such as hospitals, colleges, sports arenas and airports. Since this past January, the SUBWAY chain has opened about 800 new stores in 54 countries, 9 Canadian provinces, and 46 U.S. states plus the District of Columbia, which equates to nearly one million s/f of commercial retail space. In total, SUBWAY franchisees lease 47 million s/f of property around the globe.
The SUBWAY chain reached the milestones of 39,000 locations worldwide and restaurants open in 102 countries.
From 100 to 5,000 s/f, SUBWAY restaurants come in all shapes and sizes. Because of the chain's business model, which has minimal equipment and space requirements, a SUBWAY restaurant can operate just about anywhere.
To illustrate how flexible the
SUBWAY concept is, unique locations include factories; car showrooms, museums, a church, a Goodwill training center, and there's even a floating SUBWAY restaurant aboard a river boat in Europe.
Lee, NH William Peck of Horvath & Tremblay has facilitated the sale of two multi-family transactions totaling $7.145 million. The Mast Road Portfolio, a 30-unit multi-family portfolio, sold for $5.12 million and 72 Oak St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.