Medtail, Port Cities, and Getting There Before the Big Players with Steve Salvigsen

A pediatric medical group can do more than fill space in a shopping center. Steve Salvigsen believes it can become an anchor that brings steady traffic and helps nearby retail tenants.

Steve is the founder of Sage Square Capital. His company invests in multi tenant retail and medical centers, with a current focus on smaller port cities.

Steve explains what he means by medtail and why simply putting a dentist into an empty retail space does not create the same effect. His team looks for medical and retail tenants that work together intentionally.

He also explains how Sage Square studies port markets. The team watches infrastructure projects, port throughput, and commitments from large companies. Steve is not just looking for markets that are growing. He wants to see the growth rate itself start to increase.

His Shark Week analogy makes the strategy clear. Sage Square wants to enter while opportunity is building, but before large institutions arrive and remove much of the excess opportunity.

Key topics and takeaways:

• How Steve defines medtail
• Why medical tenants can become neighborhood center anchors
• The Mobile, Alabama center with Ace Hardware and a pediatric group
• Why Sage Square watches TEUs and major port infrastructure
• What Steve means by looking at the second derivative of market growth
• Why large institutional buyers can signal that it is time to stop buying
• The benefits and challenges of long term triple net leases
• Why lease expiration dates matter when planning a refinance or sale

Guest information:

Steve Salvigsen is with Sage Square Capital. At the time of the conversation, the company had 15 properties across four markets.

Steve said he wants to connect with people interested in commercial real estate investment opportunities and people selling shopping centers, especially in smaller port city markets.

Website:

SageSquarecapital.com

Call to action:

To learn more about Steve, Sage Square Capital, and its commercial real estate opportunities, visit SageSquarecapital.com.