Meet COMPASS: STNL Development’s Path to Successful Developments
Let’s be honest: no two industries are the same, and every company enters the development process with it’s own set of unique needs, challenges and company values. To account for this, and to ensure that we’re delivering exactly what our clients need for each project, STNL Development has created a unique, customizable development process for build-to-suit, single tenant net lease projects.
Called COMPASS, this tested-and-proven development process that is adaptable enough to fit the specific goals, culture, challenges and style of every company, but defined enough to deliver on every approved project. This five-step process, COMPASS, ensures that you end up exactly where you need to be—in a location and building designed and constructed to fit your unique needs. So follow along as we walk you through the path of each development, from start to finish.
Step 1: Exploration & Immersion
Our journey begins with conversations centered on questions that help us understand your ultimate destination.
After exploring your goals, culture, customer demographics, development process and more, we share a detailed summary of our findings for your review and feedback to ensure we’re pointed in the right direction.
Step 2: Market Research & Site Selection
Once we’ve identified specific geographic areas/once you’ve assigned us to specific markets, we conduct extensive market and site research, including meeting with key municipal officials and local development and construction resources.
We’ll learn the intricacies of the available sites and exactly what will be required to complete your project. As we identify a specific site, we will conduct any needed preliminary due diligence to help you make the right decision.
Step 3: Lease Proposal
Once a site has been selected, STNL brings together all the thorough research and analysis we have completed into a comprehensive lease proposal. It includes key market data, aerials, site plan, timetables, rent, etc.
Our proposal creates alignment on all of the details so you clearly understand exactly what you’re getting, how much it will cost and when it will be delivered.
Step 4: Due Diligence & Entitlements
After a lease agreement has been signed, we cover all the details for you.
We deploy our team of industry veterans to oversee every facet of this phase—including title, geotechnical, environmental, architectural, etc.—in order to finalize plans and move through the governmental approval process.
Throughout, we will provide steady, sustained and coordinated management to address any challenges that arise before getting a shovel in the ground.
Step 5: Construction & Delivery
Our team of experts works in tandem with our contractor and design professionals to plan and execute an efficient process. We’re committed to providing ongoing progress reports so that you know the exact status of the project, and so we can deliver on time and within budget.
And we understand that once a delivery date is set … it needs to be met. We’ve put this process to work across hundreds of new developments in cities across the U.S. If you’re interested in learning more about how we can help with your next single tenant net lease project, please contact us today!