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Identification of Potential Severance
Damages in Retail Gasoline Properties |
Synopsis:
This paper substantiates the increased vulnerability that convenience
retail properties have to access degradation and the need for higher damage awards in eminent domain takings. Not all
access resolutions are "reasonable" or "convenient and adequate" as many courts have concluded.
This is the first paper of its kind that substantiates and documents the increased accessibility required by convenience retail
properties, such as gas stations, convenience stores, car washes, and fast food restaurants. These types of properties
are entitled to greater compensation for damages when access or visibility is impaired through an eminent domain action.
Please Click Here to Download Whitepaper No. 1
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A Statistical Study of Traffic Capture Rates for
Petroleum Marketing Properties
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Synopsis:
Proprietary computer models claim to predict traffic
capture rates and fuel gallonage at convenience stores and gas stations. This paper demonstrates statistical modeling with
a number of objective predictive variables and found a coefficient of determination no higher than 65%.
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Intangible Asset Value in Special-Built Business Enterprises
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Synopsis:
This paper outlines a practical and useful methodology
for separating intangible asset value from tangible asset value for special-built properties, such as convenience stores and
gas stations.
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Toward
a Better Understanding of Reilly’s Law and the Trade Area of Convenience Stores
Identification of Potential Severance Damages in Retail Gasoline Properties
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Synopsis:
Reilly’s Law has been extensively used to estimate trade area boundaries and over the years has been empirically demonstrated
to be reasonably accurate.
This paper shows that in adapting the Inverse Square Law in estimating the breakpoints
of trade areas, Reilly should not have squared the denominator. Without squaring the denominator, trade areas are actually
geographically larger than what Reilly’s Law implies.
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