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A commercial real estate investment and development firm specializing in build-to-suit, ground-up development, and redevelopment of retail projects across the United States.
Don’t be fooled by modular construction: 5 facts you need to know!
New-age modular buildings are high-quality structures that are custom built to meet required design specifications. This construction method lends perfectly to the Quick Serve Restaurant (QSR) industry and has been adopted by a number of national and regional tenant groups such as Starbucks, Jamba Juice, Checkers/Rally’s, and Dutch Bro’s Coffee, to name a few. Modular buildings are even stronger than most stick-built buildings and are subject to third-party inspections built to national code.
Here are 5 facts you need to need to know about modular construction.
Costs for modular construction are based on a variety of factors including the size and finishes that are requested by the customer.
Modular buildings are well constructed, high-quality structures that can be customized to meet the required building specifications of a tenant and are delivered to a project site as a completely finished product. The real savings is in the speed and consistency of the construction process. The faster a project is completed and doors are open the faster you can begin generating revenue.
Unparalleled efficiency with modular construction
Modular buildings are built in an assembly line format. Once a prototype design is agreed upon it can be replicated time and time again. There are often very few change orders during construction and a building can be constructed in 90 days or less. Modular provides tenants tremendous flexibility to accommodate site locations that otherwise would have been difficult to build on. Given these structures are built in a climate-controlled environment this construction method mitigates materials being exposed to inclement weather and avoids a lot of typical on-site disruption for long periods of time. Most modular buildings can be set on-site in 24-48hrs.
Modular buildings are stronger than traditional site-built buildings.
Did you know that modular buildings are often built with 2×6 studs as opposed to the industry standard 2×4 studs used in site-built structures? In addition, modular construction uses more screws than nails, and glue is applied to the joints to increase the strength of each box. Metal straps are also put on the corners of the structure as each box must be fit to travel the roadways en route to a project site. Generally speaking, the modular construction can withstand transport, therefore, making it stronger than a site-built structure.
When dealing with financing, modular buildings are treated exactly the same as traditional stick-built constructions.
The reduced construction schedule can actually give modular buildings an advantage over traditionally built buildings when financing a project, leading to faster payment and less incurred interest charges. OneTen REI brings 50 years of experience in modular construction; let us help navigate the process seamlessly for modular construction.
A common misconception about modular construction is that it depreciates more rapidly than other buildings. This is a myth.
Modular structures follow the same depreciation schedules as traditionally built buildings and it is nearly impossible to distinguish a modular building from a site-built building. Modular buildings are permanent structures and are considered real property.
Conclusion:
Traditional modular is a fully finished three-dimensional box that is delivered to a site and permanently set in nearly half the time as conventional construction. The stigma of modular construction is coming to an end! The modular construction industry has evolved drastically over the last two decades and it is time it enters the world of retail and quick-serve restaurants. OneTen REI is up to the task of assisting with your needs for modular construction; contact us today to find out how to get started. Visit our Services page for more information on how we can assist with your commercial development needs.