How a Commercial Real Estate Broker Builds True Passive Income

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Living Your Legacy 18 min 4 speakers 4 chapters transcribed 1 month ago
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Who is Brittany McGrath and what does M Square Commercial do?

Brittany McGrath 0:00
My company is M Square Commercial. We are a retail brokerage based in Las Vegas. We specialize in representing developers, expanding single tenant net lease assets across the country. Site selection is kind of the process that everyday people don't really see.
Lucy Staffieri 0:15
Brittany McGrath is a commercial real estate broker, entrepreneur, and the founder of M Square Commercial. Drawing from her expertise in investing and development, she helps investors build wealth through commercial real estate and practical investment education.
Brittany McGrath 0:28
We specialize in site selection for this product type. Think of it as cold calling property owners. We research who owns the property and give them a call and see if they'd be open to see My Mailbox Millions is preparing to launch now, and that is the guide for the residential investors on how to transition from the toilets and the headaches to true passive mailbox income.
Rui Gutierrez 0:58
It spans the globe like a super high school internet Elvis. Today, Apple is going to reinvent the phone. It's not over until I win. The Living Your Legacy podcast. For those who live to leave a legacy.
Rui Gutierrez 1:28
That's extraordinary. The impossible. Oh, that is sensational. Open. Chicago was the lead. Usain Bolt is the fastest man on the planet. You can live your dream.
Jay Slangen 1:31
Hey, welcome back everyone to another episode of living your legacy podcasts. And yes, we are finally here in the new studios in downtown Miami beach, Florida, and we are Sunday. We got the world cup finals. There's a lot of action going on here, but, uh, we got a special mompreneur in the studios and the new studios and yeah. Tell us, uh, where are you from? What's your name and what do you do?

What is site selection and how does it drive single-tenant retail development?

Brittany McGrath 1:55
Thank you for having me. The studio looks great. I'm excited to be here. I was sweating on my walk down the street.

How do you find and contact property owners for off-market retail sites?

Jay Slangen 2:02
It is a little swampy here in terms of the humidity, but all right.
Brittany McGrath 2:07
My name is Brittany McGrath. I'm from Las Vegas, Nevada. I am excited to join the Mompreneurs podcast here today. My company is M square commercial. We are a retail brokerage based in Las Vegas. We specialize in representing developers, expanding single tenant net lease assets across the country. So we are asset class specific market agnostic, and I'm also launching my mailbox millions, which I'm excited to get into here today, which is going to be an educational platform for investors to allow them to, uh, Build the education to purchase these assets.
Jay Slangen 2:49
So, yeah, maybe that's why you aren't used to the heat here, because it's a complete different kind of heat than the Vegas heat. It is. Oh, my God. Vegas heat is like sticking your head in the dryer, like the drying machine that just finished.
Brittany McGrath 3:03
Yes, but you're not sweating, but you're not sweating.
Jay Slangen 3:06
Yeah, but it's dangerous, you know, it's dangerous. But yeah, here it's, I lived in Asia for 16 years, so the humidity is a little bit more my comfort zone.
Brittany McGrath 3:19
Yes, also sweaty.
Jay Slangen 3:20
So you said a long explanation of acid classes and stuff. Explain to me a muggle who's not in your world, right? In Harry Potter, you got the muggles and then you got the wizards who are the magicians, right? And then the muggles have no magic, right? So explain to me kind of what you do for a muggle, right?
Brittany McGrath 3:41
Sure. So every day we represent retail developers and these are the groups that are building your single tenant net lease assets, which is one tenant, one lease, one property. Single building so think commercial commercial. Okay, think of Dutch Brothers coffee shop gotcha Dairy Queen Dairy Queen McDonald's, okay a car wash even okay So all of these kind of freestanding retail concepts that you drive by on a daily basis Chase Bank Yes, one building sitting right there. So there are developers that specialize in building these okay, so And in order to find the right location for the tenant, the first step in the process is site selection, which means they need someone to help them find the real estate.
Brittany McGrath 4:35
And that's where we come in. So we specialize in site selection for this product type. And a lot of it is driven by the tenant. So a lot of times the tenant, whoever it is, say Chase Bank or McDonald's, will tell that developer or the broker that, hey, we need a location.

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