Faris Lee Investments’ Post

Here is our newest #JustListed property an absolute NNN Tops Friendly Markets with a new 10-year extension. Notable Points: • New 10-Year Lease Extension | Absolute Triple-Net • Corporate Lease with Tops Markets, LLC | 149 Locations | Leading Grocer in Upstate New York • Tops has Continuously Operated at this Location Since 1994 (30-Year History) • Lease Contains Rental Increases Every Five Years | Hedge Against Inflation • Future Upside Potential with Ideal Real Estate Fundamentals • This Location Features a Fuel Station (Only 39% of Tops Stores Contain Fuel Stations) | Eligible for Bonus Depreciation (speak with your accountant)  • 4.2 Miles from the Nearest Tops Store, 5.6 Miles from ALDI, and Six Miles from Walmart Supercenter • Approximately 25 Miles from Niagara Falls State Park | Over 8 Million Visitors Annually Exclusively Listed by The Sharko|Weisenbeck|Mendoza Group. Lead Agents: Adrian Mendoza, Sean Sharko, & Austin Weisenbeck. Marcus & Millichap For more information: 📞: 630-570-2163 | 📧: amendoza@marcusmillichap.com #forsale #cre #commercialrealestate #retail #newyorkinvestment

Plans for a new Costco in Liberty Lake have officially been shelved after a third-party developer canceled its agreement to purchase a 38-acre property south of I-90 near Country Vista Drive. The project would have included a 167,000-square-foot retail store and 24 fueling stations, similar in size to the North Spokane Costco on Newport Highway. Although a rejected zoning variance for expanded fueling stations may have played a role, it was not the sole reason for the decision, according to Centennial Properties, which owns the site. The development was highly anticipated, with local leaders noting its potential to generate significant sales tax revenue for Liberty Lake and attract additional retailers to the area. While the Costco plan has been halted, Centennial Properties reports high interest from other potential buyers, suggesting the site remains a prime location for future development. Stay informed about Liberty Lake’s evolving real estate and business landscape! Curious how this affects opportunities in the area? DM me for more details. Follow 👉 @haydnhalsted for the latest on Spokane living, real estate updates, and local spots worth checking out! 🏡 Buying or selling a home in Spokane? I’m here to help—shoot me a message! #SpokaneRealEstate #LibertyLake #SpokaneDevelopment #Costco #RetailDevelopment #CommunityGrowth #RealEstateUpdates #SpokaneLiving #LocalBusiness #SpokaneNews

New offering Evan Lyons #JustListed #Wendys #StrongLocation #CommercialRealEstate #CRE #RealEstateInvestment #NewLease #RetailProperty #InvestmentOpportunity #HighPerforming #QSR #FastFoodRealEstate #PrimeLocation #RealEstateDeals #CREListings #encorereis #encore #encorecommercialrealestate #encorerealestateinvestmentservices

Crump Marketplace For Sale | Winn Dixie Grocery Anchored Shopping Center | Jasper, AL | Winn-Dixie accounts for 64% of the total current rental income | he center is currently 91% leased | Opportunity for immediate upside | 6,300 SF (3 units) of the investment is currently vacant, leaving an investor with the opportunity to immediately lease up the spaces and increase the NOI of that asset | Recent lease extensions | Winn-Dixie, Aaron’s, Drayer Physical Therapy, ALFA Insurance, Advance America, and onemain Financial recently extended their leases | Cheap rents | The investment is averaging about $9.20/SF in rent | Long-term operating history | Winn-Dixie has been at this location for over 27 years Excellent access and visibility from Highway 78 (aka State Route 5) and Viking Drive | Combined ±66,500 VPD | Winn-Dixie was recently acquired by ALDI https://lnkd.in/g8XWPrTK

Would You Buy A Retail Store if Repco is leasing it? M: So jazz we've been talking a lot about properties commercial properties but commercial properties has so many different subclasses so generally what would you say would meet a good type of property to invest in your clients. J: So look ideally we want to buy industrial class assets for our clients M: Industrial class J: Yeah industrial warehouses freehold if we can also at the same time some small shopping complexes okay someone with a great retailer like repco could be bunnings could be warehouse could be any of those massive companies we don't mind doing that we don't shy away from retail but we'll be very very careful when it comes to investing in retail. #propertyinvesting #propertystrategist #commericialproperty

Peavey Mart is closing and I am not surprised. I spoke to Retail Insider on this latest store closure ⬇️ “If you take a close look at the comments (in Reddit), you will find stories of vendors not being paid on time, customers having a poor experience in the store, a failed attempt at online shopping by Peavey and so on. At the same time, you will find customers saying that Peavey was a preferred choice to get specific farming supplies like feed, fertilizer, fencing equipment, exchanging carbon dioxide tanks and other niche items. Such customers are lamenting the fact that they will likely have to travel further to get those particular items. One would expect that this demand will either be met by other, local businesses or by the likes of Canadian Tire/Home Depot/RONA,” she said. “As it relates to implications for the retail industry, regardless of whatever corporate word salad statements are released blaming closures on generic issues like ‘supply chain disruptions,’ the fact is that a closure like this is self-inflicted. Retailers that can’t master their fundamentals will eventually fail and make excuses when they do. So, this in fact, is part of a needed cleansing of poorly-run businesses from the retail category. The tough part is that front-line staff will lose their jobs because those in the corporate office couldn’t do theirs properly. “Are we to expect more closures and bankruptcies to happen across North America? You bet, because winning companies will continue to win and losing companies will continue to lose. And, the gap between winners and losers is growing.” #retail #retailnews #stores #merchandising #innovation #TheMerchantLife #RETHINKRetail #futureofretail #TRE #TopRetailExpert #retailinsider #CX

Retail property owners across the Garden State are enjoying an availability rate of just 4.8%, a product of meager new construction since 2020 and continued robust space demand. Net absorption totaled over 2 million SF in New Jersey over the past year, driven by central Jersey’s 811,000 SF. South Jersey, however, has emerged as a notable laggard. Burlington, Camden, Cumberland, Gloucester, and Salem counties collectively saw move-outs outpace move-ins by 177,000 SF in the past 12 months. Cherry Hill in Camden County has led the way, with available retail space now totaling 8.4% of its existing inventory. Powering this increase have been several store closures by underperforming discount retailers such as Big Lots and Gabe’s. Landlords are now focusing on backfilling these spaces, a task complicated by retail listings lingering on the market longer across Camden County in 2024 compared to last year. #retail #availability #gardenstate #southjersey #camdencounty #costar

Today we announce a substantial five-year contract extension with Cormar Carpet Company owner, Greenwood and Coope Limited. Extending an 18-year partnership, Wincanton will continue to manage Cormar’s distribution centre in Hemel Hempstead, delivering to over 3,000 retailers throughout the UK. We’re looking forward to an exciting period of growth, working in partnership to drive success for both organisations. Discover more: https://ow.ly/4uxs50UfOnX #logistics | #supplychain | #collaboration | #ecommerce | #retail

While previously announced and known, Franchise Group, Inc.'s Chapter 11 is brining the closure of American Freight Appliances & Furniture. On a local level, a quick dig into the numbers . . . • Greater #Cincinnati and #Dayton has approximately 9 locations • 7 of these are in traditional #retail, the others are #warehouse • Of the total retail square footage: ⁌ 22% is Class A ⁌ 38% Class B ⁌ 40% Class C As of Nov. 5th, the procedures for closure have begun at all locations. There will be a few quality and attractive opportunities. What will be more interesting, is the FG's other brands of Pet Supplies Plus and The Vitamin Shoppe. If anything happens there, that will be quality real estate. (Of 341 stores in 41 states, 329 are company owned). #Colliers #Cincyretail #CRE #Retailcre