California Closets: North Carolina & Virginia的动态

A few years ago, I invested in a ground-up shopping center development project nearby. I liked the sponsor's track record, wanted to diversify, had some patient capital, did my due diligence, and believed the project would be successful. As I do with my investors... I encouraged Sam A. and Evan Dyer to be sure to communicate regular updates on the progress. So... here is a great example of that: "We are pleased to provide you the following update regarding your investment in The Shops at New Hope. Project Status:?The building shell is now fully completed. We have turned the spaces over to tenants?to commence their interior build outs. The center looks great, please see attached pictures for reference. Construction/Development Status:?Now that tenants have taken possession of their respective spaces, interior buildouts have commenced which we anticipate to take 120 - 150 days to complete. Leasing/Marketing Status:?: The updated marketing flyer is attached. We are at 57% leased at this point, which is on track with our original expectations for leasing activity for this stage of?development. Gross Leasable Area (GLA): 20,744 SF Fully Executed Leases: Rock Liquor - 2,735 SF Kris Sandwiches - 1,545 SF The UPS Store - 1,400 SF Mini Grocer - 2,588 SF Mojos Coffee - 1,722 SF Dentist - 2,000 SF In Negotiations:" (Several deals in various stages of LOI are detailed... however, keeping that part confidential for now). Meanwhile....I help accredited investors find great CRE opportunities to invest in. Some are developments, but most are already cash-flowing passive income NNN properties. Follow Rooster Equity Partners for more private offerings or join our investor club at www.roosterequity.com #passiveincome #commercialrealestate #nnn #accreditedinvestors #austinrealestate GiGi Gomel

Considering opening a sports bar and grill franchise? Understanding the initial costs is key to planning your new venture. Here are a few things that are covered in your sports bar investment with Hooters: ?? Real Estate: Securing the ideal location is critical. Costs for leasing or purchasing a property can vary based on location desirability and size. ?? Construction and Build-Out: Transforming the space to meet Hooters’ standards involves expenses for renovation, interior design, and compliance with brand requirements. ??? Equipment and Furnishings: Includes kitchen equipment, bar fixtures, furniture, and essentials for daily operations. ?? Initial Inventory: Purchasing food and beverage inventory to stock your restaurant before opening. ?? Technology and Point-of-Sale Systems: Investing in modern POS systems, kitchen technology, and IT infrastructure for efficient operations. These investments pave the way for a thriving sports bar and grill experience under the trusted Hooters brand. Ready to fly? LET'S GO! https://lnkd.in/e9-d7XvB #HootersFranchise #SportsBarAndGrill #Entrepreneurship #RestaurantInvestment #HootersFranchise #HootersOfAmerica #WingFranchise #ChickenFranchise #FullServiceRestaurant #CasualDiningFranchise #SportsBarFranchise

Hey landlords, it can be expensive to convince your commercial tenants to move out. The Teigeki Building in Marunouchi was designed by modernist architect Yoshiro Taniguchi and completed in 1966 to house the Imperial Theatre. In 2022 it was announced that the building would be demolished and redeveloped as part of a larger block project. Tenants have been given moving orders and are scheduled to vacate by February 2025. But last week, a gossip rag reported that a long-standing yakitori restaurant in the basement arcade is resisting the landlord’s request. The landlord has filed a lawsuit seeking the vacation of the retail space. And, to sweeten the deal, found the restaurant a replacement space and offered to pay 37 months of rent, or ￥17.4 million, as compensation. The restaurant has counter-offered, seeking over ￥200 million (US$1.3 million). Typically, landlords will offer to cover moving costs and several months rent as compensation when negotiating with a tenant to end their lease. There’s no defined rule as to how much compensation should be offered, although 6 ~ 12 months is often suggested with residential leases. For commercial tenants, the amount can be much higher when considering fit-out costs, potential loss of revenue, and having a long-established reputation in a certain location. This yakitori restaurant is well known, having been in this space for 54 years. The tenant cannot be evicted while the lawsuit is ongoing, and if it drags out, it could delay the redevelopment plans, costing the building owners a significant sum.

Considering opening a sports bar and grill franchise? Understanding the initial costs is key to planning your new venture. Here are a few things that are covered in your sports bar investment with Hooters: ?? Real Estate: Securing the ideal location is critical. Costs for leasing or purchasing a property can vary based on location desirability and size. ?? Construction and Build-Out: Transforming the space to meet Hooters’ standards involves expenses for renovation, interior design, and compliance with brand requirements. ??? Equipment and Furnishings: Includes kitchen equipment, bar fixtures, furniture, and essentials for daily operations. ?? Initial Inventory: Purchasing food and beverage inventory to stock your restaurant before opening. ?? Technology and Point-of-Sale Systems: Investing in modern POS systems, kitchen technology, and IT infrastructure for efficient operations. These investments pave the way for a thriving sports bar and grill experience under the trusted Hooters brand. Ready to fly? LET'S GO! https://lnkd.in/e9-d7XvB #HootersFranchise #SportsBarAndGrill #Entrepreneurship #RestaurantInvestment #HootersFranchise #HootersOfAmerica #WingFranchise #ChickenFranchise #FullServiceRestaurant #CasualDiningFranchise #SportsBarFranchise

Last week, we had the pleasure of attending the Atom Business Events Fit Out Construction Design event in Wales. Our Sales and Marketing Director, Charlotte Davis, and Marketing Manager, Philippa Saunders, visited the ICC Wales to connect with buyers, explore their needs and share the latest industry trends and innovations. It was a fantastic opportunity to engage with industry leaders, exchange insights, and gain a deeper understanding of key challenges and opportunities shaping our field. Key Takeaways: - Franchise Models in Growth: Franchise models are prevalent and fueling growth, particularly in the leisure & hospitality sector but what is the ideal model and make up when it comes to central guardianship of the brand and concept, versus the level of autonomy a franchise owner requires to best serve their customer base. As a supplier, it is critical to understand the model, the stakeholder team roles and responsibilities and all rules of engagement especially when it comes to design and financial decision making. - Getting the fundamentals right: Stories of missed handover dates and ongoing snagging did not cover the main contracting side in glory. Clients were looking for assurance that we could hit completion dates, ensure maintenance of trading dates and close out snags swiftly. This is something that we already mirror within our own ISO quality objectives. - Estate optimisation: Whilst always good business sense, many were talking about remodelling and refresh programmes to ensure all locations are working as hard as they can for the business. Applying rigour to analyzing whether a location is the prime place to serve their customer base, meant that for some, sites may be closed but with a view to opening in a more successful spot. - Pace: Speed to market has always been a key priority within the retail industry, and whilst quality standards have far from dropped, tight fit out programmes and innovative processes to deliver them are still highly desirable. - Brand Consistency vs. Flexibility: Rigid brand consistency or flexibility to adapt designs to a specific location will always be driven by the brand and business model, but it was interesting to learn that strong, cohesive branding can create the perception of a very unified customer offer, even when this is not always the case. On the other hand, a cohesive customer offer can present a more bespoke and individual experience through a more 'one-off' approach to different site designs. Find out more about our services at resolutioninteriors.com #teamwork #resolutioninteriors #commercialfitout #interiorfitout #interiorrefurbishment #storefitout #retailinteriors #retailfitout #FCD2024

Single Tenant QSR Rents are Unique…. If I showed you what certain single tenant freestanding quick service restaurants (usually with a drive-thru) are paying in base rent on a per square foot basis, you would fall off your chair and call me a liar. In communities where average market rent for conventional retail space is $25.00 PSF, freestanding QSRs might be paying over $45.00 PSF. Much more if it’s new construction. I have examples of tenants paying $60.00+ on new builds. Why? Well because these assets are not so much valued solely on their gross leasable building area or on a PSF basis. They are almost looked at as a land lease. The tenant has exclusive access to the whole property (not just the building). They have their own parking lot, their own garbage area, landscaping, signage, stacking for the drive-thru, superior visibility etc. For these benefits, a premium is paid. Tenants that are 2,000 SF to 2,500 SF need about half an acre of land to be developed. Think about that… for 2,000 SF you need 20,000 SF of land ?? This is why when you read a single tenant QSR lease, the rent is very rarely quoted on a PSF basis. It is almost always quoted in the form of an annual number, just like a land lease. Such as: Years 1-5: $125,000 Years 6-10: $130,000 Etc. When you break these annual numbers down and only apply them to the GLA of the physical structure, the number gets so inflated it fails to make sense to someone who doesn’t fully understand the dynamics of these types of leases. #retail #qsr #singletenant #retailproperties #investmentproperties #quickservicerestaurant #cre #commercialrealestate #gtarealestate

"Top 7 Essentials for Leasing a Restaurant Space in Chicago | Hugo Araujo" Are you planning to lease a restaurant space in Chicago but unsure where to start? Don’t worry; we’ve got you covered. Here are the top 7 things to prepare before leasing a restaurant space in Chicago. Hi, I'm Hugo from Coldwell Banker and Paul Proano Commercial Properties. 1. **Understand Your Restaurant Concept** ??? Define your concept clearly—fine dining, casual café, or fast food—as it influences the space, location, and lease terms. 2. **Conduct Market Research** ?? Research neighborhoods in Chicago, target audience, foot traffic, competition, and local trends to find the best location for your concept. 3. **Prepare a Business Plan** ?? Outline your restaurant’s concept, target market, marketing strategy, financial projections, and operational plan. A solid business plan is crucial. 4. **Secure Financing** ?? Get financing through loans, investors, or savings. Show proof of funds to your landlord for confidence in your financial stability. 5. **Find the Right Real Estate Agent** ?? Call me at 773-550-4846. As a commercial property specialist, I can help you navigate the leasing process, negotiate terms, and find the best location. 6. **Review Lease Terms** ?? Carefully review lease terms, including rent, duration, renewal options, and additional costs. Ensure provisions for necessary modifications are included. 7. **Plan for Build-Out and Permits** ??? Plan for construction, interior design, and obtaining necessary permits from the city. Start early and budget accordingly. For personalized assistance, contact me at 773-550-4846. I’m Hugo with Coldwell Banker, your commercial real estate expert. Best of luck with your new restaurant venture! --------------------------- ?? Let's Connect! ?? ?? FB Page: Homes Of Chicago By Hugo Group - CB ?? Instagram: @homesofchicagobyhugogroup ?? Website: https://lnkd.in/gkZ5m4c3 ?? YouTube: https://loom.ly/eLDK7Fs ?? LinkedIn: https://loom.ly/SvLSzu4 ?? Pinterest: https://loom.ly/DAhJLSM ?? TikTok: https://loom.ly/dpCGLHU #LakeviewChicago #LocalRealtor #homesofchicagobyhugo #hugoaraujo #chicagorealestate #ExpertRealtor #lakeviewchicagorealtor #locallakeviewchicagorealtor #localexpertrealtor #localexpertlakeviewchicagorealtor #LocalGuide #LakeviewRealEstate #LakeviewLiving #HomeBuying #LakeviewHomes #MarketTrends #ChicagoRestaurants #CommercialRealEstate #RestaurantLeasing #BusinessPlan #MarketResearch #Financing #LeasingTips #HugoAraujo #ColdwellBanker #PaulProanoProperties #BuildOut #Permits #RestaurantConcept #RealEstateAgent

I am so excited about this listing and NEED to tell you all the reasons why! A lot of times you see a "Just Listed" or "New to market" and get a little information about it but let me tell you the #STORY on this one. This was a former Toys "R" Us in Lubbock, TX that was vacant and kept scrolling through all the temporary Tenants that many of you have seen take over these big boxes throughout seasons of the year. The #Location was prime as it was at the "Main and Main" of Lubbock. I think the only thing missing was the vision... A client of mine was in a #1031 and I pitched this site to him. He had the vision. Not long after acquiring it, we started receiving interest in big box users but then came #TexasRoadhouse. How could we make this work? Would they utilize a portion of the building? We wanted them and they wanted the site. So we got creative. We ended up demolishing half the building and clearing the way for their new 20 Year Ground Lease. We erected a new exterior wall INSIDE the existing building to maintain structural integrity and save the remaining half of the building before taking the other down below grade. In this time we were able to successfully land Aaron's Home Furnishing with one of their best operators in the country. This has proven to be a monster property for my client as Texas Roadhouse and Aaron's both rank in the top 10 of their respective brands. This makes a great 1031 Exchange property for any new buyer. This location has and will continue to be the main hub for Dining, Entertainment, and shopping for the over 320,000 citizens of Lubbock as it is surrounded by South Plains Mall, and countless other national retailers. It also provides the same for the over 800,000 residents that live in the 26 counties surrounding Lubbock that visit regularly. This property is primed and ready for its next owner. The stability of tenants, strength of location, and fresh term of leases bring a ton of value to someone looking for a great asset with little headache of management. If interested, let's connect! I would love to give some more mushy insight on the property! #ColdwellBankerCommercial #CRE #InvestmentSales #LubbockTX

?We take immense pride in showcasing these two prime commercial lots, encompassing a total of 6+/- acres, strategically positioned just off I-10 and Washington Ave (Exit 50) on Big Ridge Rd. The land has been meticulously cleared and crowned for efficient drainage, laying the foundation for seamless development. Boasting approximately 214 feet of frontage along I-10 and 210 feet along Big Ridge Rd, the property ensures extreme visibility, enhanced by a combined traffic count of 71,500. This strategic location positions it as an ideal opportunity for businesses seeking optimal exposure and accessibility. The unique aspect of this property lies in its split zoning, catering to diverse development needs. The section facing I-10 is zoned C-3 Highway Commercial, offering a versatile space for commercial enterprises, while the portion along Big Ridge Road is zoned A-2 Agricultural Residential, providing flexibility for various land use options. This dual zoning configuration not only expands the potential use cases but also aligns with a well-thought-out urban planning approach. As we present these lots to prospective developers, we envision a vibrant and dynamic hub that capitalizes on both commercial opportunities and the scenic charm along Big Ridge Road. Beyond the property's physical attributes, its proximity to major franchise establishments, shopping centers, diverse dining options, and abundant entertainment venues adds another layer of appeal. This comprehensive access to amenities and services amplifies the potential customer base for businesses establishing themselves in this area. With cleared grounds, optimal drainage, and a strategic split zoning design, this property stands as a canvas for innovative development projects, and we are excited to usher in a new chapter for this prime location. Explore the possibilities and envision the future that can unfold on these 6+/- acres, strategically poised at the intersection of commerce and accessibility. (No value was given to older home on property facing Big Ridge Rd) Sharron Elmore - Broker Associate Southeast Commercial Real Estate - Ocean Springs Office 6911 Washington Ave Suite A Ocean Springs, MS 39564 O. 228-276-2700 C. 228-217-0791 www.southeastcre.com

It's coming together, friends...As a reminder, I have 2,100sf available #ForLease in the #WarehouseArtsDistrict, just a couple of blocks north of #TheFactory, #Fairgrounds and #ChadMize's gallery called SPACE on 28th Street South - at the busy, lit intersection of 5th Ave South. Great visibility, NEW (all block) construction, super high ceilings (14' 6") and St. Pete vibes! 5 blocks to the heart of the #GrandCentralDistrict and less than a mile from the $6.5B redevelopment of #TropicanaField, so it's an ideal place to position your business long-term! It's also 2 blocks to the entrance massive street food market on Friday nights on 28th St South (the 3-day Mega Street Food Market was this past weekend!) Great local Landlord that WILL consider #startup businesses (not many Landlords will in #downtownStPete!) with the right Financials. The building is getting painted now (photo is from this past weekend) and the parking lot will be paved soon! Zoning allows for most uses but based on remaining parking available we are seeking #Cafe concepts, #Retail, #FitnessStudio (such as Martial Arts, Spinning, Personal Training, etc.), #ArtGallery, #CraftBrewery, #Juicery #Office or select other Uses. There's an awesome European style wellness concept going into the other side of the property so we're seeking a synergistic use. Call or text me at (727) 412-4432 for details; I am working directly with the local Landlord on selecting the right #Tenant for this space. 5 or 10-Year initial Term + renewal Options possible. Delivery to Tenant for their portion of the #buildout is this Summer! Co-Brokered deals welcome. See the link to my client's listing below in comments as well. Thanks - Jessica Dwyer, Commercial Sales & Leasing Broker @ Dalton Wade #dtsp #nowleasing #localbusinesses #CRE #landlordrep #prelease