Banks
If you could lower your operating expenses in your retail network while increasing branch foot traffic to connect with existing clients and new prospects, would you do it?
Lower Expense Burden
Reduced branch footprint lowers expense burden by sharing routine occupancy expenses (i.e. utilities, taxes, insurance, etc.) with co-tenant.
Reduced Staffing Model
A smaller branch footprint would allow a bank to reduce it’s branch staffing model.
Additional Foot Traffic
A Co-tenant will drive new foot traffic to the location, which should lead to new client acquisition opportunities.
Retailers
If you could access premium locations with less up-front costs and lower on-going operating expenses, would you do it?
Access to better sites
Bank branches are often located in premier locations on high traffic corners in the midst of dense communities.
Existing Drive-Thru Capabilities
Bank branches have existing drive-thru capabilities that work to the benefit of those retailers needing it.
Lower Operating Costs
More economical operating model; i.e. lower rent structure (build-to-suit vs branch co-tenancy), as well as lower shared ongoing property expenses.
Imagine
NPC helps clients imagine what is possible for their retail locations by coordinating strategic retail partnerships.
Design
NPC redesigns spaces to accommodate new tenants while achieving efficiencies for the current occupants.
Build
NPC partners with our clients to transform existing retail business models into successful long-term solutions.