Panda Express built a multi-billion-dollar fast food empire on Orange Chicken & Chow Mein… but the real secret isn’t on the menu. It’s in the real estate strategy that makes nearly every Panda location a goldmine before the doors even open.What Retailers Want — Ray CRE Broker’s continuing saga exploring retailers and the real estate strategies behind their brick-and-mortar locations.In this episode, we break down:🍜 How Panda Express grew from a single food court stall to 2,400+ corporate-owned restaurants📍 Panda’s strict site criteria: drive-thrus, traffic counts, co-tenancy, and land ownership📊 A real-world case study at 11220 Huebner Rd in San Antonio (5-mile demographics, traffic counts, lifestyle segments, and nearby anchors like H-E-B, Starbucks, Chick-fil-A, and Pei Wei)🥡 Why Panda dominates the Asian fast-casual category with almost no true competition🏢 What this means for real estate investors and site selection moving forwardPanda Express doesn’t just serve food — they’ve engineered one of the most successful site-selection formulas in the restaurant industry.👉 Do you think Panda will keep dominating Asian fast casual, or will another challenger step up? Comment below with your thoughts — and let me know which retailer I should cover next on What Retailers Want.#PandaExpress #WhatRetailersWant #RetailRealEstate #commercialrealestate -------Chapters0:00 - Intro0:47 - The Foundation2:39 - The Secret Recipe3:00 - Ingredient 13:38 - Ingredient 24:39 - Ingredient 35:48 - Ingredient 47:11 - Panda Expanding7:38 - Actual Location Case Study9:15 - Closing10:11 - Fortune Cookies Outro------🎥 Watch more What Retailers Want:    • What Retailers Want  📩 Subscribe to Ray CRE Broker:    / @raycrebroker  📈 Connect with me on LinkedIn:   / raycrebroker  🌐 Learn more: https://www.raycrebroker.com👀 Recommended Playlists: • Retail Real Estate News & Strategy • CRE IQ Newsletter on LinkedIn:   / cre-intelligence-quotient-7239351446058455040