Proplend has said that drive-throughs are a good property investment opportunity, having thrived during the Covid-19 crisis.
The peer-to-peer property lending platform said that McDonalds, Starbucks, Costa, KFC, Burger King and Pizza Hut have seen cars and delivery drivers form long queues while the seating part of their properties are temporarily closed.
Proplend said that drive-through establishments such as these, coupled with the future of self-driving cars, present a good opportunity for investment.
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“Not only are they almost the perfect quick service, contactless, cheap, repeat business and socially distanced retail product but they are also highly in demand from investors,” Proplend said in a blog on its website.
“In August 2020, a Starbucks drive through in Nottingham was forward funded with a 20-year unbroken lease on a net initial yield of 6.25 per cent.
“With the inevitable emergence of autonomous vehicles into mainstream society, these commercial real estate admonitions for drive-throughs need to be heavily considered when looking to invest in retail space today.
“Self-driving cars which can navigate from A to B without intervention, means you can be consuming your purchase while ‘driving’. And fully driverless cars mean you could send your car to the drive through for you after having ordered, paid directly from your app and then instructed your car where to go.
“The real estate landscape is restructuring once again, and investors are rightfully redrawing their maps to succeed in the soon-to-be driverless world.”