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The convenience industry is a complex and fascinating retail channel that has responded to the economic challenges of the last decade by embracing new ideas. The second edition of Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues will help appraisers of convenience stores keep up with these changes and understand how to value convenience properties.
This second edition demonstrates market analysis using statistical data and information on important recent developments in the convenience industry, such as:
Reduced fuel profits
Competition from hypermarkets
Increased focus on food service
Newly added chapters discuss:
Fundamentals of economic theory as applied to convenience retail real estate
Eminent domain issues
Highest and best use essentials for convenience store sites
As an added bonus, the book presents a prototype of a working commercial property automated valuation model. Links to helpful online digital content, including interviews with experts and practical field examples, are also provided to illustrate the concepts discussed.
The old rules for appraising convenience stores simply do not apply today. Order this text and learn the new market realities.
“I'd recommend this comprehensive book to anyone who wants to gain a better understanding of a convenience store/retail fuel property from site planning to store operations."
John A. Schwartz, MAI
About the Author
Robert E. Bainbridge, MAI, SRA, has written articles on convenience retail real estate for The Appraisal Journal, Valuation magazine, and Right of Way magazine. He writes a regular column on real estate topics for Convenience Store News magazine. He is the developer and an IDECC-certified instructor for the Appraisal Institute’s Appraising Convenience Stores seminar and has been a featured speaker at valuation conferences sponsored by the Appraisal Institute and the American Law Institute-American Bar Association. Mr. Bainbridge holds a master of science degree in real estate appraisal from the University of St. Thomas. He has been a practicing appraiser for over 30 years.