- Date
- May 15, 2024
- Sponsor
- Great Lakes Chapter
- Holiday Inn Grand Rapids - Airport, 3063 Lake Eastbrook Blvd., SE Location
- Kentwood, MI
- Instructor
- David Rice
- Full Price
- $50.00
- AI Price
- $50.00
Enroll by May 15!
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State Approvals
State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
---|---|---|---|---|---|---|---|---|---|
MI | CE | 2 | Classroom | Classroom | 04/01/2023 | 04/01/2026 | 20-1091618 (Great Lakes Chapter) |
Event Information
Class will begin at 3:00 P.M.
This two-hour presentation provides continuing education for Michigan Assessors and Appraisers. It begins with an overview of the dollar store retail concept in competition to big box stores. The "Big Three" - Dollar General, Family Dollar and Dollar Tree dominate the market. Real estate requirements, typical lease terms and rates of return are presented together with national data sources.
The build to suit development model is explored with reginal examples illustrating the significant value change from fee simpl to leased fee.
New concepts for dollar stores are discussed and contrasted to big box retail stores. Valuation challenges for each type of property are reviewed.