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JUST LISTED - Panera Bread 4-Tenant Strip | Mansfield (Ontario), OH We are excited to be brining to market a 4-tenant strip center located in Mansfield (Ontario, OH). This site benefits from strong retail synergy, local positioning, and high traffic counts. About one month ago I toured the site and was not only surprised by how much retail development is going on in the nearby trade area, but also by the number of cars and consumers in the nearby parking lots. There is a lot to be excited about in the Mansfield (Ontario) market; providing below some brief investment highlights as a sneak peek. - List price of $2,601,487 yielding a 7.50% Cap Rate - Main Retail Corridor: Strong retail synergy with numerous national brand tenants including but not limited to Menards, Meijer, Target, Best Buy, Starbucks, IHOP, Sunbelt Rentals, Sam’s Club, Lowe’s, ALDI, Applebee’s, Taco Bell, AT&T, Panda Express, Five Guys, Mattress Firm, Outback, & more. - Long Term Occupancy: Panera Bread has been at this location since 2006 and recently installed a drive-thru to be up to the tenants current real estate plans and development standards. The tenant signed a brand new, 10 year extension in 2020 showing their long-term commitment to the location. - Extensive Retail Development in Trade Area: National tenant’s are developing in the local trade area given low vacancy within the Ontario retail hub. Recently completed and current developments include but are not limited to Caliber Collision, Culver’s, Ferguson, Holiday Inn Express, & more. Healthy WALT: The property’s Weighted Average Lease Term (WALT) exceeds 5 years. Reach out to me directly with any questions or interest - edward.desimone@matthews.com

It’s no secret that Hood County continues to grow — but the recent announcement that two well-known businesses are now planning locations in Granbury is definitive proof that this small town is slowly transitioning to a big city. Two new businesses — Jersey Mike’s Subs and Bath & Body Works — will soon set up shop in Granbury! JERSEY MIKE’S SUBS Jersey Mike’s Subs officially registered with the TDLR March 27, and is planning a 2,065 square foot location at 714 East U.S. Highway 377, Suites 726 and 728 in Cellular World Plaza — a location previously occupied by Papa John’s Pizza. The privately funded project will cost an estimated $429,787 with renovations scheduled to start July 24, and a completion date of Oct. 29. With nearby locations in Weatherford, Benbrook and Fort Worth, Jersey Mike’s Subs is an American submarine sandwich chain headquartered in New Jersey. It is also one of the largest sandwich chains in the United States. Jersey Mike's offers a wide variety of both hot and cold subs to hungry customers across the country, according to the Tasting Table. Cold subs come in three sizes — mini, regular and giant — while hot subs are only available in the regular and giant sizes. BATH & BODY WORKS Although Jersey Mike’s will be a fan-favorite for many, the excitement for Bath & Body Works is unmatched for local fragrance lovers. According to the TDLR, BBW is planning a 5,115 square foot location at 3736 E. U.S. Highway 377 in the Luton Ranch strip mall next to Ross Dress for Less. The privately funded project will cost an estimated $350,000; renovations will begin June 24. The project completion date is currently scheduled for Aug. 23. With nearby locations in Weatherford, Burleson and Fort Worth, Bath & Body Works is known as the “go-to place” for soaps, lotions, fragrances and candles. The popular American retail shop was founded in 1990 in Ohio. As of Feb. 21, there are currently 1,743 Bath & Body Works locations in the U.S., according to Scrape Hero. “New businesses usually ask the city to keep their plans confidential, giving them the opportunity to share their news with the public,” Director of Economic Development Lance LaCour told the Hood County News via email. “The City Economic Development Department is currently working on multiple projects that would bring nationally known retailers to Granbury, as well as recruiting other, more industrial-related projects. When these projects come to fruition, they provide residents new job opportunities, new options for products and services, and potentially lower property taxes for residents because of the boost in sales tax revenue.” While plans are now in place for Jersey Mike’s Subs and Bath & Body Works to come to Granbury this year, opening dates have not yet been set for either business. https://lnkd.in/gupgGJUv Reference: The Hood County News. Posted Thursday, April 11, 2024, at 3:01 pm by ASHLEY TERRY Staff Writer.

Good case study for #DontWasteBuildings. Covers all the challenges we have been discussing - the importance of the High Street and the opportunity to retain a building that has been important to the community. Will Hurst Tania Jennings Chris Brown Richard Nelson Sara Willard

Simply Brokerage, LLC, as exclusive advisor to the owner, is pleased to present the opportunity to lease the soon to be the former TGI Friday’s located in the rapidly growing Concord submarket of the Charlotte, NC metro area (the “Property”). The Property is located along Concord Mills Boulevard at the entrance to Concord Mills Mall, North Carolina’s largest outlet and value retail shopping center. As the one of the predominant out parcels to the shopping center, the Property benefits from high visibility and impressive surrounding combined traffic counts of ±196,000 vehicles per day (VPD). Due to its large pipeline of commercial development and surge in employment opportunities, the trade area experienced 33% population growth within a 3-mile radius of the Property since 2010, becoming one of North Carolina’s fastest growing cities. The Property’s irreplaceable location makes this a desirable location for generations to come. The large and highly accessible 1.83-acre lot presents significant opportunity with a recently constructed flyover bridge connecting Concord Mills Boulevard to the entrance of the Mall has significantly improved the traffic flow to the mall. The bridge provides direct access to the Property and has made it the first parcel visible when entering the mall. The trade area is seeing significant development with 115,000 SF of mixed-use retail and 64,000 SF of class-A office space with more proposed construction on the way. Additionally, Red Bull has announced plans to anchor a new, $1 billion beverage production hub at the former Phillips Morris Plant Site, further boosting the local economy by bringing up to 500 new jobs to the area. The significant capital contribution underscores the continued economic growth in the market. The subject Property benefits from high visibility and traffic counts as an outparcel to Concord Mills Mall, which is institutionally owned and operated by Simon Property Group. It is currently on the map as North Carolina’s largest value retail shopping center. An astonishing 1.32M square feet of retail space. Concord Mills features over 200 specialty stores, including Bass Pro Shops, Dicks H&M, Forever 21, Coach, Nike Factory Outlet and an AMC Theatre featuring IMAX. Surrounded by outparcel restaurants such as Outback Steakhouse and a regional accolade deserving BBQ restaurant, Mac’s Speed Shop. #icsc #nationalretailbroker #Concord #northcarolinarealestate #restaurantindustry #retailrealestate #forlease

Great to speak to David Walsh at The Star, Sheffield about the exciting transformation happening on Fargate. With a letting having just completed to a fashion retailer for the old H Samuel next door to M&S and another unit going under offer to a national retailer it’s clear that this iconic street is on the is turning the corner after several years of decline.   This is in no small part due to the ongoing multi-million pound works to repave the street with new street furniture, subterranean bins and event space and with a rating revaluation following a drop in rents the barriers to entry for new occupiers have reduced significantly and Fargate can be seen as an opportunity for these occupiers.   This is born out by us being involved with 5 deals on the street in the last 9 months and I’m looking forward to seeing how the street evolves and contributes to Sheffield’s continued growth.   https://lnkd.in/eNhEkf5T   #Sheffield #Fargate #Retail #Regeneration #CityCentre #BusinessTransformation

📈 WHY MCALLEN MEANS BUSINESS: McAllen, Texas, has emerged as a powerhouse city and has been named the 'epicenter of the Rio Grande Valley', boasting impressive retail sales and a vibrant retail environment. "McAllen, Texas, stands out as a powerhouse city and the epicenter of the Rio Grande Valley, boasting impressive retail sales for 2023," said Mike Blum, partner at NIA Rio Grande Valley. The gross sales tax for the McAllen MSA was upwards of $10.6 billion. While historically reliant on Mexican shoppers, McAllen's retail sector has diversified, with a corresponding increase in foot traffic from both local residents and international shoppers. The city's retail offerings and attractive environment make it an ideal location for retailers and investors seeking to capitalize on the region's potential. The city's reputation as a premier shopping destination is attributed to several factors, including easy access from Mexico, a modern airport with convenient connections, and the renowned La Plaza Mall. MCALLEN RETAIL INSIGHTS: ✅ Population of 140,000 & a regional customer base of 10.3 million people ✅ $3 billion in gross retail sales thanks to 18 million people visiting the city every year ✅ La Plaza Mall, which is one of Simon Property's premier shopping venues, recently added a 250,000 square foot expansion that includes two new parking garages and first-to-market retailers and restaurants, such as Kendra Scott, H&M and Yard House ✅ Home to the McAllen Convention Center and state-of-the-art McAllen Performing Arts Center ✅ Located just 10 miles north of the Mexican border, allowing international visitors to flow through it via McAllen International Airport and the two international bridges managed by the city Its future growth is secured with upcoming international bridge expansions, increased warehousing and manufacturing, and the new UT Health Cancer Treatment Center, cementing its role as a thriving trade and commerce hub! sources: REDnews, City of McAllen #CityofMcallen #McAllenTX #RGV #RealEstate #CRE #RetailHub #Insights

What do you think about this? 🚫 The town of Joseph, OR has banned many chain stores and restaurants, to support local businesses. 🏪 The measure comes after concerns over the rise of dollar stores in the area. Joseph Mayor Lisa Collier emphasizes the desire for smaller, locally-owned shops. #LocalBusiness #RetailNews #Oregon #JosephCity #DollarStores #BusinessBan #DollarGeneral #FamilyDollar #DollarTree

New York City’s once-bustling drugstores are becoming relics of the past, leaving behind a trail of “zombie pharmacies” that contribute to the city's commercial challenges. Empty storefronts, such as the darkened Duane Reade near Wall Street, the long-abandoned Walgreens in Murray Hill, and the boarded-up Rite Aid in Astoria, symbolize a broader trend of vacant big-box pharmacies. These closures have turned prime real estate into neighborhood eyesores, attracting illegal activity and deterring foot traffic. Despite the overall recovery of NYC’s storefront real estate post-COVID-19, scores of these pharmacies remain shuttered, creating over a million square feet of dormant commercial space. Factors like ironclad leases, the difficulty in finding new tenants for large spaces, and shifts in the drugstore business model are significant contributors to this phenomenon. As of July, 138 big-box pharmacies out of the 222 that closed since the start of 2020 remain vacant, with Manhattan being the hardest hit. This situation persists even though the city has the same number of pharmacies as before the pandemic, largely due to the rapid opening of smaller independent pharmacies. The large pharmacy chains—Walgreens Boots Alliance (Duane Reade), CVS, and Rite Aid—continue to reduce their store count, often maintaining leases on closed locations, a situation known as “dark rent.” This disincentivizes landlords from seeking new tenants, exacerbating the vacancy issue. The result is a drag on retail recovery, particularly in busy commercial districts. Local business groups and city officials are exploring creative solutions to repurpose these vacant spaces. Recent zoning changes under the “City of Yes” plan have paved the way for diverse uses, such as microbreweries, arcades, children’s play centers, and light manufacturing like beer brewing and coffee roasting. This approach aims to revitalize these spaces and support the city's economic rebound. Despite the innovative zoning changes, the challenge remains significant. With many property owners still tied to long-term leases with former pharmacy tenants, finding new uses for these large spaces continues to be a complex issue. However, the shift in zoning laws represents a hopeful step toward addressing the problem of zombie pharmacies in New York City. #ZombiePharmacies #NYCRealEstate #RetailVacancies #UrbanRevitalization #CommercialRealEstate #CityOfYes #PostPandemicRecovery #InnovativeZoning #UrbanDevelopment #BusinessImprovement https://lnkd.in/ezmU_4CU

Another example of Brixmor’s ongoing transformation story that drives traffic for tenants, value for investors and thriving centers that become part of consumers’ daily lives. Shout out to Leigh Paull, AIA, LEED AP, Stephen Trommsdorff, Susan Martinez, Jeff Bell, Christopher Ralph and Josh Durigan. Brixmor Property Group #ourcenterisyou

For years, retailers have flocked to set up shop in “it” neighborhoods in New York City. Before the #pandemic, as well as during the first couple years of its recovery, #Soho and #Nolita reigned supreme, with Valentino, Wilson Sporting Goods Co. and Vuori all opening stores there. #Williamsburg has also been buzzy among #DTC businesses, thanks to its chic cafes, thrift stores and waterfront views. Now, tides are shifting, and brands of all types and sizes — not just high-end ones — are making the move to #Midtown. Much of this is due to a major revamping of Rockefeller Center, which encompasses six square blocks. All in all, it’s a promising sign for the continued post-pandemic recovery of New York City, one of retail’s biggest markets and a major business capital. Read more: https://buff.ly/4aBhrPp