Brandmarch Podcast: Behind The Lease
In this episode of Behind the Lease, we’re joined by Lane Chaplin, Head of Real Estate at EVgo, the nation's largest public fast charging network, to discuss how the electrification of the American parking lot is fundamentally changing the retail real estate landscape. Lane is laser-focused on turning "dead space into power centers" by maximizing dwell time and strategic co-tenancy. Key Topics Covered: * The Golden Ratio of Retail Co-Tenancy: EV charging is driven by amenities, allowing customers to accomplish the "one more thing" during the inevitable 20–30 minutes of fast charging. EVgo’s “bread and butter” sites are grocery-anchored centers with daily needs, a coffee shop, and three to four quick-serve restaurants (QSRs). The ideal location includes high ADT, high traffic, and good access in a dense metropolitan area. * Real Estate and Infrastructure Due Diligence: Site viability is not just about a good parking field. EVgo conducts preliminary due diligence on power availability and utility infrastructure to ensure CapEx costs are not "absurd" and that the site is charging-ready. * Growth Strategies (Real Estate vs. Licensing): Lane details the two core ways EVgo expands its footprint: * Real Estate Plays: Traditional ground leases or acquisitions of outparcels, which are naturally more complicated and take longer. * Licensing Plays: Adding chargers to existing parking stalls (e.g., in a Kroger parking lot), which are generally easier and faster to execute. * The Value of EV Charging for Landlords: Retail landlords are showing increased appetite for EV charging because it increases foot traffic and utilization, attracting customers who will use the extra time to shop, thereby "kill[ing] two birds with one stone". * Clarifying Misconceptions: * Market Growth: While new EV sales are down, used EV sales are substantially up, which still drives demand for public fast charging. Charging Types: "Charging is charging" is a major misconception. Low-speed Level 2 charging is horrible for retail real estate because it requires 8–10 hours; successful retail sites require fast Level 3 and Level 4 chargers.
21 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de Brandmarch Podcast: Behind The Lease!