Pomeroy’s Post

📽 Check out the video! NOW OPEN: Dollar General in Batavia/Williamsburg OH (Cincinnati MSA) Investment Highlights: -Price: $2,595,000 | Cap Rate: 6.87% (7.21% Blended Yield) | 108% Return of Capital via Investment Grade Corporated Guaranteed Lease -Brand New 2024 Market Prototype | 12,480-SF on a Large 2.77-AC Parcel | 1 of 129 Relocated Stores in 2023 | Prior Store was top 8% according to Placer.ai -Proven Top Location | Due to Success in the Market, DG Expanded its Footprint and Relocated Next to Prior Location -15-Year Absolute NNN Lease with Rare 5% Rent Increases Every 5-Years and in The 3, 5-Year Option Terms -Tenant is Responsible for Insurance, Taxes, Interior, Exterior, Including Roof, HVAC and Parking Lot -Boasts High Visibility Along a Main Thoroughfare | Two Access Points and Exposure to 10,200+ VPD -Proximity to a Dense Industrial Corridor, Which Includes Major Employers like Nestle-Purina Pet Food Plant, General Electric Aerospace, Huhtamaki Packaging, with an Estimated 800+ Employees -In 2020, Nestle-Purina PetCare Announced Plans to Build a $550M Facility within 3-Miles of Subject Property by 2024, Adding 300 Jobs | Proximity to Williamsburg High School, and Both Batavia Elementary and High School with 2,480+ Total Students & Teachers Combined -Historical Significance: Williamsburg was the First County Seat, Founded in 1796 | Williamsburg is Located 35 Minutes East of Downtown Cincinnati in Clermont County, One of Fastest Growing Counties in Tri-State Area -Strong Demographics: Population Exceeds 33,700 Within 10 minute drive-time and growth to continue, +3.50% through 2027. #marcusmillichap #cre #stnl #1031exchange

Excellent panel at today's ULI Retail Renaissance Luncheon at the Junior League of Houston. Thank you to representatives from Sueba, Pearland Town Center, and Weitzman Group who attended with me. My top three takeaways are as follows: It is important that retail developers, managers, and stores work together, and with the community, to create something special. Events. Landscaping. Architecture. Public art. Post-COVID, people want fun, unique, meaningful experiences in beautiful, interesting, welcoming and temperate-conscious places. Also, they conveyed the importance of driving tenant performance rather than thinking only about signing leases and filling spaces. For example, develop highly digital marketing micro-events to support your smaller tenants. More local niche stores need more support. Property owners and managers should collaborate and build strategies to train tenants for success. Lastly, autonomous ride share and AI, AGI specifically, may, if successful, revolutionize retail and the overall economy within the next 5 years. It could turbocharge productivity and usher in the greatest deflationary period in history, which will reduce capital costs significantly. While retail evolved rapidly during covid, technology innovation is going to further excelerate that trend. We want a new experience. It seems like we are going to get it.

Q4 Activity Update - Houston - Retail Here is a snapshot of my recent activity. We are cooking in H-Town. Let me know if you have any questions, or need advice on your retail investments in Houston, happy to help! #houstonCRE #retailbroker

Exciting Expansion: Place Services Inc. is Going West!    We're thrilled to announce that Place Services Inc. has officially expanded into the West Region! This strategic move is a significant milestone in our journey, marking a new chapter of growth and opportunity.   Why are we expanding?   To Serve You Better: Our client base is growing, and so are their needs. Expanding west allows us to be closer to you, offering faster, more efficient services tailored to your unique requirements.   New Opportunities: The West is booming with construction and development projects. By establishing a presence here, we're tapping into new markets and opportunities, bringing our expertise in grocery, big-box retail, and state projects to new communities.   Showcasing Our Capabilities: We're not just expanding our geographic footprint, we're also promoting our comprehensive capabilities on a national scale. Whether it's complex supermarket refrigeration systems or large-scale retail construction, we're ready to take on projects that challenge us to be our best.   This expansion is a reflection of our commitment to delivering the highest quality service, no matter where we are. We're excited to explore the endless possibilities this move brings, and to strengthen our position as the best source of help for our customers. With the leadership of Director of Construction – West Region Erik Griffith, we look forward to making new connections, facing new challenges, and achieving new successes together.   #ExpansionNews #ConstructionExcellence #GoingWest #NewBeginnings

RETAIL MARCH MADNESS: A glimpse of how Phoenix's retail market stacks up against the hottest areas in the country compliments of Costar. Markets were divided into four regions patterned after the men’s and women’s NCAA college basketball tournaments: South, West, East, and Midwest. The country's 42 largest retail markets, each with at least 115 million square feet of retail inventory space, were selected for the tournament. Scores were calculated based on the relative ranking of a market against the other 41 largest retail markets in the country. With a final score of 98 points, Tampa defeated Phoenix in the final match. However, Phoenix came in a close second with many similarities including the continued influx of new Arizona residents, a growing job market, industry-leading growth in IT, manufacturing, aerospace, renewable energy, bioscience, hospitality and tourism...all translating to record-low retail availability and strong demand. Supporting small business, focusing on water solutions, advancing their position as a global stakeholder, and keeping an eye on business development are all steps in the right direction for Arizona. What have you seen Phoenix do to position itself in continued growth mode for the future? #arizona #phoenix #retail #costar #commercialrealestate #cre #development #growth ULI Arizona Phoenix Business Journal Women in Commercial Real Estate - #womenincre#womenincre Retail Brew Retail World Magazine GPS Commercial Advisors

Hi, We would like to comment on our situation given this recent post we’ve seen regarding the retail chain -Francescas.   We supplied Francescas with product for several years with no financial issues. However since late Fall 2023 we haven’t been paid for much of the stock we shipped despite making multiple inquiries with the company and their promises to pay us.    We are owed a six figure sum.   We filed a lawsuit in Texas against Francesca’s Administrative Management, Inc., which it did not respond to, and the court entered a default judgment against that entity. Despite that, the company continues to ignore our requests for payment – and now we are forced to incur more legal expenses to try to enforce the judgment.   Its just not right or fair that they have received our stock and have not paid for it but they continue to open new stores and recruit senior members of staff. Please help raise awareness by liking or reposting this. #repost #francescas #smallbusiness #retailnews

The retail real estate market is facing a different challenge than the office real estate market... not enough empty space to go around, in spite of several high-profile retail and restaurant chain bankruptcies with ensuing store closures. A big slowdown in retail construction, the demolition of a lot of obsolete retail properties and continued strong retail numbers in general are pushing the trend. Kate King at the #WSJ takes a look. https://lnkd.in/etv_rSy9 #retailrealestate #realestatetrends #shoptilyoudrop

Whitestone REIT Acquires Garden Oaks Retail Center Read the full article below..

🚨 After 30 years, LL Flooring is closing its doors, bringing 3.2 million square feet of retail space and a Virginia distribution center to market. Initially planning to liquidate, a last-minute deal with F9 Investments will keep 219 stores open—but 305 locations are still expected to close. As these shifts unfold, our team is closely monitoring the opportunities emerging from this transition. With strong leasing demand and fewer new developments on the horizon, there are valuable options for those ready to pivot. Need guidance on navigating these changes? We’re here to help. Reach out to explore your options. Colliers #CRE #RetailRealEstate #MarketOpportunities #CREstrategy

Unlock the Potential of Mills Plaza – Your Next Big Investment in Las Vegas, NM! Looking to expand your portfolio with a high-potential retail space? Mills Plaza offers investors the chance to capitalize on a well-positioned shopping center with a 5.2% CAP rate and significant upside potential. With 58,460 SF of retail space and a newly approved drive-thru pad site, the opportunities here are endless. 🌟 Why Mills Plaza? -58,460 SF shopping center with 9,000 SF drive-thru pad site available -Current occupancy at 74%, offering an upside potential to boost NOI by -27% through leasing vacancies -Priced at $6.3M ($107.76 per square foot), 68% of replacement cost -Pro forma CAP rate projected at 7.1% 💼 Investors: Don't miss this opportunity to increase your portfolio with a strong asset in a growing market. 🎥 Watch the full property tour on YouTube: https://lnkd.in/gnPyEfCe 📩 Contact me today for more details #LasVegasNM #MillsPlaza #RetailDevelopment #CommercialRealEstate #InvestmentOpportunities #NewMexicoRealEstate