The Fort - An Entrepreneurship Podcast

#303 - Chris Hatch - Principal @ NNN Income - Born to Develop NNN Properties

Aug 22, 2023

Chris Hatch, a 6th generation Utahn and commercial real estate developer, discusses topics such as why Salt Lake City is a fantastic place to work and live, adopting a child from Tonga, developing sites for national retailers, what makes a great development site, and the science of the Drive-thru.

01:13:29

Episode guests

Chris Hatch

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Episode notes

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Quick takeaways

Choosing a site for a drive-through restaurant requires careful consideration of customer access, including raised medians and location factors.

Diversifying tenant types and industries is crucial in building a single-tenant portfolio to mitigate risk and maximize returns.

When dealing with family property ownership, clear plans and legal documentation are essential to prevent conflicts and ensure the desired outcome.

Deep dives

Importance of site selection in drive-throughs

One of the most crucial factors in choosing a site for a drive-through restaurant is determining how customers will access the drive-through. Ingress becomes the primary concern for any drive-through brand. This includes evaluating if there are any raised medians that restrict access or the planned addition of raised medians in the future. The location of the site, such as being near a corner or having cross-axis easements, can also impact customer access. Site selection for drive-throughs requires careful consideration of these factors to ensure a successful business.

Introduction

2min

The Advantages of Living in Salt Lake City

4min

The Decision to Have Another Baby

2min

Challenges and Obstacles in International Adoption

7min

Site Selection and Working with Clients

17min

The Importance of Defining Exclusive Use for Tenants

12min

Challenges of Disposing Assets in Family Breakups

15min

Challenges of Modular Process in NNN Property development

4min

Taking a Break and Exploring Brooklyn

6min

10.

Loud DJ, Global Workforce, and the Efficiency of Relay Human Cloud

4min

Chris is proud to be a 6th generation Utahn and a 3rd generation commercial real estate developer. His career has focused on helping people build their cash flow in commercial real estate and having fun while doing it. Chris has been involved in over 1,000 drive-thru deals throughout the mountain and desert states throughout his career. Chris joined the brokerage community in 2002. He spent tireless hours helping multiple national retailers such as Dollar Tree, Starbucks Coffee, Verizon, Wendy’s, and Wells Fargo expand throughout the Intermountain area. In 2008 he chose to pivot his career into the investment sales side of the shopping center business. From 2008 to present he has been involved in over $2.0 Billion of retail investment sales with a primary focus of representing family offices looking to acquire additional assets for their portfolios.

On this episode, Chris and Chris discuss: