Find the Perfect Location for Your Business

Property Search
All Properties 336 MARKETPLACE 4500 BISSONNET ABILENE BEST BUY & BOOKS-A-MILLION AMBASSADOR WAY CENTER BAY AREA CENTER BAYBROOK SQUARE BLALOCK SHOPPING CENTER BROOKHOLLOW MARKETPLACE CLEAR LAKE MARKETPLACE COLLEGE PLAZA COLLIN CREEK SHOPPING CENTER CONROE PROFESSIONAL BUILDING COPPERFIELD MARKETPLACE DEVARGAS CENTER FAIRFIELD COUNTRY SHOPS FAIRWAY CENTER III FIRST COLONY MARKETPLACE FM 646 @ SOUTH SHORE BLVD FM 830 @ I-45 GRAND IMPERIAL MARKETPLACE GRAND LAKES MARKETPLACE HARVEST PARK CENTRE HEDWIG VILLAGE KATY-HOCKLEY/JACK LAS CRUCES OFFICE MAX LORETTO TOWNE CENTER MAIN STREET PLACE MARKET EAST SHOPPING CENTER MCKINNEY TOWNE CROSSING MEADOWS MARKETPLACE MEYERLAND COMMONS MEYERLAND PLAZA MIDLAND BEST BUY MONT BELVIEU CROSSING NEW TERRITORY CENTER NEW TERRITORY COUNTRY SHOPS OVERTON PARK PLAZA PINECROFT CENTER PINECROFT CENTER CINEMARK PINECROFT CENTER LAKE WOODLANDS PLAZA PINECROFT CENTER TOYS-R-US BOX PINELOCH CENTER RAYZOR RANCH MARKETPLACE PHASE I RAYZOR RANCH MARKETPLACE PHASE II RAYZOR RANCH TOWN CENTER PAD SITES RAYZOR RANCH TOWN CENTER PHASE I RAYZOR RANCH TOWN CENTER PHASE II RIVER OAKS PLAZA RIVERSTONE SHOPPING CENTER RUSHMORE CROSSING SAINT JOSEPH OUTPATIENT MEDICAL PAVILION SAN JACINTO MARKETPLACE SHOPS OF BELLA TERRA SILVERLAKE VILLAGE SOUTHLAKE WEST VILLAGE TANGLEWOOD COURT THE MARKET AT WILLIS SHOPPING CENTER TOWNSEN CROSSING UPTOWN COLLECTION VICTORY LAKES TOWN CENTER WEST U MARKETPLACE WEST U TOWNE CENTER WESTLAKE MARKETPLACE WILLOWCHASE CENTER WINWOOD TOWN CENTER WOODCREEK COMMONS YALE MARKETPLACE
OR
Available Space

Fidelis In The News

For Media Requests, click here

High Demand For Drive-Thrus Making It Difficult For Tenants To Find Suitable Space

May 6, 2021

 

Drive-thrus were the life raft that kept many fast-casual and quick-service restaurant chains afloat during the most difficult days of the coronavirus pandemic.

As major brands continue to come up with new and inventive ways to expand and improve their drive-thru offerings, more traditional dine-in restaurants are also pivoting to incorporate drive-thru accessibility into their models, according to retail experts.

NewQuest Properties Vice President Austin Alvis said that drive-thrus have become an absolute requirement for new store growth. The industry has recognized that the drive-thru is not just a driver of revenue, but also a protective mechanism in times when things go wrong.

“Everybody operated almost an entire year with no dine-in business, so it really changed the game,” Alvis said.

Drive-thrus have been popular for several decades, fueled by America’s car-centric culture and increasingly busy lifestyles. But the coronavirus pandemic pushed that popularity to new heights, as health fears forced restaurant dining rooms to close for extended periods.

The second quarter of 2020 was arguably the toughest for retail and restaurant businesses, thanks to widespread lockdowns and mandatory closures. Total eating and drinking place sales were $176.7B in Q1 2020, but plummeted to $119.5B in Q2, according to the National Restaurant Association. At the same time, drive-thru business soared: In the U.S., traffic rose by 26% during Q2 2020 and represented 42% of all restaurant visits in the U.S., according to The NPD Group. 

In July, when more restaurants reopened at limited capacity and overall retail sales rose — back up to $162.3B for Q3 — figures showed that drive-thru visits still increased by 13%, the highest visit increase among the service modes of on-premises, carry-out and delivery.

Chipotle began to roll out drive-thru lanes in 2018 as part of a broader push into digital ordering. The firm has now made drive-thru lanes a priority: about 70% of all new stores will have drive-thru service in 2021. Other restaurants like Shake Shack, Panera Bread, 7-Eleven and Pizza Hut have also announced plans over the past year to adopt drive-thru for the first time or to expand their offerings.

SeeLevel HX CEO Lisa van Kesteren said she believes an evolution is coming where more restaurants will be embracing the drive-thru model. Her market research firm releases an annual report that ranks the drive-thru performance of restaurant chains across the country.

“These restaurants that aren't traditionally fast foods necessarily are now having to come up with these different ways to compete, because they don't have dine-in,” van Kesteren said. 

For more traditional dine-in restaurants looking to do drive-thru, it isn’t about competing directly for quick-service restaurant business, but rather, competing on the grounds of easy accessibility. 

Fidelis  Leasing Director Matt Brock said that since the onset of the pandemic, he has been getting plenty of calls from traditional sit-down restaurants, telling him that their delivery and to-go businesses have gone through the roof. Many are looking at drive-thru options, though high demand is making it difficult for tenants to find a suitable space.

“I think everybody is looking for an option right now. A lot of people are finding that that's kind of a unicorn, to find a 1.8K SF, 1.6K SF drive-thru. There's just not a lot of options out there,” Brock said.

Brock received a call earlier this year from a tenant in one of the outparcel buildings at Fidelis’ Westplace Marketplace in Summerwood, situated in northeast Houston. The tenant’s drive-thru traffic volumes were so high that they wanted to lease another space in the building to install a second kitchen just for drive-thru and takeout orders.

“That kind of order was taking up so much traffic in their parking lot that they wanted to find another location within the shopping center to be able to service those types of calls,” Brock said.

Search

Recent post

Retail wrap: The Teahouse at Hedwig Village
As construction costs soar, Houston real estate firm shifts focus to acquisitions
Retail wrap: Shops of Bella Terra
New ownership for Rushmore Crossing brings in new tenants
IMPACTS ROUNDUP: 3 new businesses around Pearland, Friendswood
Paradise Boba Tea, Restore Hyper Wellness headed to DeVargas Center
Widening portion of El Dorado project nears finish
Moran Ranch sells land to builders as H-E-B project kicks off
Fidelis breaks ground on HEB-anchored shopping center in Willis community
Burlington store opens Sept. 3 at College Plaza
la Madeleine opening spots inside Walmart locations, including one in Denton
DuGood Credit Union Grand Opening in Mont Belvieu
H-E-B plans expansion across Houston's suburbs
Here Are Your 2021 REDnews Awards Winners
Johnson Development opens 13-acre amenity complex at Grand Central Park in Conroe
Best of Santa Fe—Shopping
Eyelash extension business Lumin Lash opens in Missouri City
JLL Negotiates Sale of 365,559 SF Winwood Town Center in Odessa, Texas
Residents, community leaders reflect on 65-year history of Meyerland
CHRISTUS Health Breaks Ground on New Headquarters in Irving-Las Colinas

Popular Tags

We Want to Hear From You
SEND US A MESSAGE