Kimco Realty Expands Successful KEYS Business Incubator Program into Nevada and Arizona
Benefits include free rent and access to space in established shopping center
Kimco Realty Corporation has expanded its successful Kimco Entrepreneurs Year Start (KEYS) program, an innovative incubator program for aspiring entrepreneurs seeking to launch their first retail venture, service operation, or restaurant, into Arizona and Nevada.
“The rollout of the KEYS program in these two new states shows the success that the program has had in the past year,” said Conor Flynn, Executive Vice President and Chief Operating Officer at Kimco. “We work with owners every step of the way to give them a strong start.”
In Arizona, there are approximately 30 vacant retail/restaurant spaces under 2,500 square feet in size to choose from in seven shopping centers located in the greater Phoenix area. In Nevada, 45 vacant spaces under 2,500 square feet are available in 11 shopping centers in the Reno and Las Vegas marketplace.
KEYS program participants benefit from:
- One year of free rent
- Affordable first year property charges to minimize initial overhead (standard triple net fees shall apply)
- Access to personal Kimco retail business counselors
- A flexible four-year lease option after the first year
- Access to shop space in established retail centers
Each interested KEYS applicant will provide a written business plan with specific goals and objectives, and demonstrate adequate funding for their venture. Applicants must be able to articulate their plan for success in an interview. An endorsement, certificate, degree, or letter of completion from small business educational classes or a college or university is also recommended.
The program launched in April 2012 in California and in June 2013 expanded into Colorado.
Learn More: http://www.KimcoKeys.com
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest portfolio of neighborhood and community shopping centers. As of June 30, 2013, the company owned interests in 874 shopping centers comprising 128 million square feet of leasable space across 43 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.
Learn More: http://www.kimcorealty.com
SOURCE: Kimco Realty Corporation