Case Study: How Loopnet NNN Helped a Small Business Find Its Perfect Location

Yulia Chive

2 min read

·

02-01-2025

1

0

Share

Case Study: How LoopNet NNN Helped a Small Business Find Its Perfect Location

Finding the ideal location for a small business can feel like searching for a needle in a haystack. High rents, unsuitable spaces, and fierce competition often make the process daunting. This case study showcases how LoopNet NNN, a platform specializing in triple-net (NNN) lease properties, helped "The Cozy Corner Cafe," a burgeoning bakery, secure the perfect spot to thrive.

The Challenge:

The Cozy Corner Cafe, a family-owned bakery known for its artisanal breads and pastries, was outgrowing its current kitchen space. They needed a larger facility with ample baking space, a retail area for customer sales, and ample parking. Their budget was limited, and they required a predictable lease structure to manage expenses effectively. They faced the common small business challenges:

• Limited Budget: Securing a suitable space without breaking the bank was paramount.
• Location Constraints: The ideal location needed high foot traffic, visibility, and easy access for customers and suppliers.
• Lease Complexity: Understanding and negotiating commercial leases, especially NNN leases, proved challenging.
• Time Constraints: Finding the right space quickly was crucial to minimize business disruption.

The Solution: LoopNet NNN

The Cozy Corner Cafe's owner, Sarah Miller, discovered LoopNet NNN. This platform focuses exclusively on triple-net lease properties, a structure where the tenant is responsible for property taxes, insurance, and maintenance. This transparency and predictability were highly appealing to Sarah. Here's how LoopNet NNN helped:

• Targeted Search: LoopNet NNN’s advanced search filters allowed Sarah to specify her requirements: location, square footage, lease type (NNN), and budget. This significantly narrowed down her search, eliminating unsuitable properties.
• Detailed Property Listings: Each listing on LoopNet NNN provided comprehensive information, including high-quality photos, virtual tours, floor plans, lease terms, and contact information for the listing agents. This allowed Sarah to pre-qualify properties before contacting brokers.
• Direct Communication: The platform facilitated direct communication with property owners and brokers, streamlining the process and saving time.
• Market Insights: LoopNet NNN provided valuable market data and insights on rental rates and property availability in the target area, empowering Sarah to negotiate effectively.

The Results:

Using LoopNet NNN, Sarah found a vacant retail space in a high-traffic shopping center within her budget. The property featured a spacious kitchen area, a charming retail storefront, ample parking, and excellent visibility. The NNN lease provided cost predictability, allowing for better financial planning. The move was seamless, with minimal disruption to the cafe's operations.

Within months of relocating, The Cozy Corner Cafe saw a significant increase in sales and customer traffic. The new location provided the space and visibility needed to expand their product offerings and cater to a larger customer base. Sarah credits LoopNet NNN for playing a pivotal role in her business's success.

Key Takeaways:

This case study highlights the benefits of using specialized commercial real estate platforms like LoopNet NNN for small businesses seeking suitable locations. The platform’s targeted search functionality, detailed property listings, and streamlined communication features saved The Cozy Corner Cafe valuable time and resources, ultimately contributing to its growth and success. For small businesses facing the challenges of finding the right commercial space, platforms like LoopNet NNN offer a powerful solution. They provide the tools and resources to navigate the complexities of commercial real estate and secure the perfect location to achieve business goals.