Developers Competing to Open Drive-Thrus in Phoenix
Earlier this month, the Phoenix Business Journal released an article titled, “Developers Competing to Open Drive-Thrus in the Valley.” In it, Travis Fidel, the co-founder and managing partner of Scottsdale-based Radar Capital Partners, broke down insights into fast-food developments in the Phoenix metro area.
The demand is for operations with quality food that have drive-thrus and other convenient ways of ordering. That’s the breakdown from the Phoenix Business Journal’s article released just a few weeks ago. While so many quick-service restaurants have failed or been hit exponentially hard during the COVID-19 pandemic, a handful of fast-food restaurant brands have been able to thrive. How? Through innovative approaches to drive-thru and carry-out alternatives in the quick-service industry.
The Phoenix metro area is ready for a fast-food resurgence and developers are taking notice. Travis Fidel from Radar Capital Partners, a net lease lender, focuses most of his business on single-tenant projects. The market for open spots is getting more competitive, with developers having to move quickly to secure the sites for new drive-thru operations.
Innovative Drive-Thrus are the New Normal
Quick service restaurants like Raising Cane’s, Salad & Go, and Dutch Bros. Coffee are expanding their reach thanks to drive-thru-only or drive-thru-focused operations. According to Fidel, “They can go out and grow because they didn’t take a hit this last year like other operators.” And, while developers are competing over the land where these quick-service restaurants will reside, RJ Russo is helping make these innovative drive-thru structures reality for businesses. Our modular, factory-built buildings available for the quick-service industry are innovative, sustainable, flexible, cost-effective, and entirely customizable.
Rethink Your Operations with Factory-Built Buildings from RJ Russo
The demand is here. Patrons are swaying away from indoor dining and turning to drive-thru solutions, as shown by the competition happening in the Valley between developers. These projects are a developers’ dream: they tend to be net-lease, single-tenant structures that are built on popular corners or outparcels. And with the help of RJ Russo’s customizable factory-built buildings, this land can help with expansion for quick-service restaurants everywhere. To learn more about the drive-thru development in Phoenix, read more here. Are you interested in The RJ Russo Difference? Contact us today for more information.