Portillo's has been growing like crazy with 12 new stores in 2023, its biggest development year yet. We are pleased to bring to market the 6th Florida location in the highly affluent Clermont (Orlando MSA) market. Why Portillo's? Industry Leading Tenant - Portillo’s reported an AUV of $9.1M in 2023; 4th highest AUV of all restaurant chains in the country. Extremely Low-Risk Investment Opportunity - Portillo’s has never closed a restaurant since opening their first location in 1963. The average build-out of these stores costs anywhere from $6.2M - $7M per store. Continued Top-Line Financial Growth - In 2023, total sales increased 15.8% to $680M. Same-restaurant sales lifted 5.7%, and AUV’s reached $9.1M per store. Operating cash flow grew 24.4% to a record level. #netlease #floridarealestate #qreadvisors
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Commercial Real Estate 101 Sale Price: $7,500,000 / Asking $7,780,000 Building Value: $2,542 per square foot / Free Standing Tenant: Raising Cane’s with a lease expiring in 2036 / Three - 5-yr options and one 4-yr option to renew. Location, Location, Location: This restaurant is situated in a prime location, across from a major shopping mall and adjacent to a heavily trafficked interstate. This strategic positioning is crucial for attracting customers and, consequently, increasing the property's value. Lease Structure: The long-term lease with Raising Cane’s provides a stable income stream. The annual rent increase clause is a common strategy to protect the landlord's income against inflation. This is a fundamental concept in commercial real estate lease agreements. Property Valuation: The property's value is significantly influenced by the tenant's success. Raising Cane’s rapid expansion and growing popularity directly impact the property's worth. This demonstrates the concept of property value appreciation based on tenant performance. This transaction demonstrates the potential for significant returns on investment in commercial real estate, particularly when the property is well-located and leased to a thriving business. By understanding the key factors that contribute to property value, investors can make informed decisions when it comes to investing.
SALE Learn More: https://lnkd.in/enabsJFv IMAGE: Adam Friedlander DATE: 07/16/2024 ADDRESS: 20707 Avalon Boulevard MARKET: Carson ASSET TYPE: Retail BROKER: Adam Friedlander - Beta Agency SALE PRICE: $7,500,000 SF: 2,950 ~ PPSF: $2,542 NOTE: Beta Agency arranged the $7.5 million sale of a restaurant property in Carson, CA, occupied by Raising Cane’s Chicken Fingers on a 12-year, triple-net lease. Adam Friedlander represented the undisclosed seller in the deal. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #Carson #Retail #AdamFriedlander #BetaAgency
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Another early FY25 test for #Melbourne's prime shopping investment market has passed with flying colours - the dual-tenanted 626 Burke Road, Camberwell, occupied by Frankie4 and Lucky Well Tattslotto, sold under the hammer for nearly $1 million above the reserve through Fitzroys' Chris James and Ben Liu. #cre #commercialrealestate #commercialproperty #retail #retailproperty #melbournerealestate #melbourneproperty #realestate #property #investment #propertyinvestment #investmentproperty
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What Chapter 11 bankruptcy filings by retailers will mean for commercial real estate - Austin Business Journal A wave of retailer bankruptcies is reshaping commercial real estate, leaving more vacant spaces in malls and shopping centers. This shift presents new challenges and opportunities for landlords and developers. https://lnkd.in/gxyGSKpd #CommercialRealEstate #RetailTrends
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Recent retail bankruptcies are reshaping the commercial real estate market. The Wall Street Journal reports that despite store closures, demand for retail space remains high while vacancy rates remain low. Landlords are leveraging this opportunity to drive value to the properties within their portfolios. Read more about the bankruptcies effect on the market here: https://lnkd.in/ej36XSw5 #CommercialRealEstate #CRE #RealEstate #MarketTrends #RetailSpace
Bankruptcies Have Left More Stores Vacant, but the Space Doesn’t Sit Empty for Long
wsj.com
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[SOLD] 698m²* Warehouse & Office + Basement CPG are pleased to announce the sale of 📍 82 Roberts Avenue, Mortdale 💲 $3,800,000.00 📐 921m²* land area 🔥 $4,125.00/m² rate on land Initially listed for lease, the property was matched with one of six active freehold buyers from a previous campaign, resulting in a strong sale price and an excellent outcome for both vendor and purchaser. For further information on this transaction or to discuss how off market transactions may benefit you or the value of your property, please contact us. Ryan McMahon 0429 228 460 Jackson Chambers 0476 001 048 *Approximate #cpgsouthernsydney #commercialrealestate #commercialproperty #commercialrealestatesydney #sydneyinvestments #sydneydevelopment #sydney #stgeorge #sutherlandshire #realestateagent #realestateagency #realestateinvestments #sydneyretail #forsale #forlease #sydneydevelopers #sydneycommercialproperty #commercialpropertygroup #southernsydney #investment #realestate #auction #retailleasing #officeleasing #commercialpropertysydney
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🚨 Breaking News: Conn's HomePlus Files for Chapter 11 Bankruptcy 🚨 Conn’s Inc., a major furniture and home goods retailer, has filed for Chapter 11 bankruptcy in Texas. The company plans to wind down operations, including closing over 550 stores under the #Conn’s HomePlus and #Badcock Home Furniture & More banners. Going-out-of-business sales are underway at around 105 stores. The decision follows liquidity challenges exacerbated by high debt and rising interest rates. Conn’s also cited the costly acquisition of rival W.S. Badcock and a slump in consumer spending on home goods as contributing factors. The company aims to complete store closures by October 31 and has sought court approval to reject store leases. Conn’s has approximately $200 million in obligations to creditors and $530 million in total debt. Stay tuned for more from our team as this story develops! You can request more info on this #Chapter11 case at https://lnkd.in/eaTkzfis #ConnBankruptcy #RetailNews #FurnitureRetail #BusinessUpdate
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Bankruptcies in the retail sector surged to a three-year high in 2023, but landlords view this as a chance to upgrade their tenant mix. Kimco Realty Corporation, for instance, is already attracting top-tier tenants like Raising Cane's and Fifth Third Bank for spaces vacated by Red Lobster. Retail vacancy is at a near-record low of 4.1%, enabling landlords to replace bankrupt tenants quickly and often at higher rents. What does this shift mean for the future landscape of retail properties?
Bankruptcies Have Left More Stores Vacant, but the Space Doesn’t Sit Empty for Long
wsj.com
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Property agency Bond Wolfe has brokered the sale of the remaining units at Southgate Retail Park in Derby in a £3.2m deal. Full story: https://lnkd.in/eSr6S5wp
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✨ Westlake Village, CA July 2024, market report, whether you're buying or selling, it's crucial to stay informed about our local market trends. Feel free to reach out if you have any questions or need advice!✨ #westlakevillage #marketreport
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Aggressive bidding under a scorching Melbourne sun has seen a strata investment, leased to a global fast good retailer in the heart of Yarraville’s thriving Anderson Street, sell in yet another very strong strip investment result. Fitzroys’ Mark Talbot and Ervin Niyaz sold 27A Anderson Street, Yarraville, on behalf of a private owner, with the sale price coming in at $1.615 million - some S115,000 above reserve and on a tight 4.2% yield. https://lnkd.in/gA-wwBuF #Fitzroys #RetailProperty #Sold #PropertyNews
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Business Development @ Utility Profit | Real Estate Tech
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