Toolstation’s Post

It's been on a downward trajectory for awhile but when even the acclaimed In 'n Out burger chain decides it's too dangerous to keep open their store there - well it really is an all-time low for Oakland, California. It seems the business is putting staff safety in front of profits....their car park has become a crime hotspot. Given this is the chain's first ever closure since it started in 1948 that's saying something. The closure marks a further decline for Oakland - a city that has, already this year, seen downtown Subway outlet and a Raising Cane restaurant shutter their doors - largely due to crime. They follow on from Starbucks, Denny's and Black Bear Diner and a host of retailers and are the 'tells' of an area - if not a city in a civic death spiral. Across 'the Bay' - the internationally famous San Francisco is having its own problems - with city's once prestigious San Francisco Centre (until recently owned by Westfield before they handed he keys back in June 2023), being renamed Emporium Centre San Francisco. But a slew of key brand tenants have gone - Lego, JHollister, Adidas and J Crew among them. They have now reportedly been joined by L’Occitane and Sephora. I term it 'brand flight'! But in the case of these two cities I call it 'brand mass evacuation'! Whatever is going on it's urban decay and it's a civic tragedy and I do wonder if there is a calling for some sort of International Civic Rescue Squad - much in the same way that Saudi Arabia has pulled in what I terms as a 'dream team' of designer, developers, digital eagles and those who can deliver a project. This would be a 'Civic Rescue' A-team who could turnaround the fortunes of troubled locations around the world. Who would be on such a team? I have a few ideas! https://lnkd.in/dahZANTf #InnoutBurger #Oakland #crime #urbandecay #urbangrain #California #civicdecay #brandflight #turnaround #SanFrancisco #Westfield #EmporiumCentreSanFrancisco #Civicrescue #retail #retailing #leisure

So good to see people faces when they open their heavenly brown bag of sustenance! Food really does make people happy… especially good food! Blue Coral Concepts #fiveguys #burgers #fries #milkshakes #shakes #melbourne #qvmelbourne #freshfood #nofreezers #americanfood #aussiebeef #globalbrand #internationalexpansion #bluecoralconcepts

DOMINO’S PIZZA SECURES THEIR NEWEST LOCATION IN COMMERCE TOWNSHIP COMMERCE TOWNSHIP, MICH – Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented Domino's in the signing of the retailer’s new Commerce Township location at West 14 Mile Road and M-5 in AF Jonna’s City Crossing shopping center. Domino’s Pizza will take 1,333 SF of space here with an anticipated late 2024 opening. . . #CommercialRealEstate - #CRE - #RealEstateInvestment - #PropertyInvestment - #RealEstateBroker - #RetailSpace - #RealEstateDevelopment - #CommercialProperty - #RealEstateMarket - #InvestmentProperty - #RealEstateNews - #CREInvestment - #RealEstateDeals - #Leasing - #TenantRepresentation - #RealEstateOpportunities - #CREBroker - #CommercialLeasing

New info is emerging on the Red Lobster Chapter 11 case. As of now there are 200 leases on the cancellation list. As of their petition date, they operated 551 U.S. and 27 Canadian restaurants. Below are the top ten states where leases will be cancelled. Although FL represents less than 9% of the portfolio overall, it's responsible for almost 22% of the store closures. In a state that seems to have outsized population migration and demand I thought this was an interesting twist. I have long thought Red Lobster was a risky investment from a landlord's perspective (inflated rents, PE ownership, outdated brand etc.) but if it was to succeed anywhere I would have bet on Florida. Where do you think Red Lobster went wrong and why do you think the FL locations are being culled first? Comment below! #iaconocre #karlyiacono #retail #retailrealestate #commercialrealestate #bankruptcy #restaurant #redlobster #topretailexperts 

Industry News: Raising Cane's Plans to Open More Than 90 New Stores This Year Caniacs, rejoice! After seeing explosive growth throughout 2023 with 100 store openings and the debut of a flagship location in New York City's Times Square, Raising Cane's plans to continue expanding at a breakneck pace in 2024. The southern chain—known for its signature chicken fingers (130 calories apiece), Texas toast (140 calories), crinkle-cut fries (390 calories), and famous Cane's sauce (190 calories)—is on pace to open a whopping 90 new locations this year, QSR Magazine reported. This expansion push should help Raising Cane's end the year with more than 850 restaurants and further cement its status as one of America's largest chicken chains. Read full article on: http://eatthis.com ————————————————— 💥Over 16 MILLION Square Feet Represented💥 ✅Visit newenglandretail.com for exciting new property listings! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews

Just Listed! Rare Drive-Thru Firehouse Subs in Ocala, Florida, for $1,124,320 at a 5% cap rate. There is a lot to like about this property: below-market rents ($27.50 vs. $60), a corner lot, a drive-thru, a corporate guarantee (NYSE: QSR), below replacement cost and a great location, among other features. If the tenant stays, your investment will appreciate at 3% annually. If the tenant ever decides to leave, the rents are well below replacement cost, presenting an opportunity to add value. Patrick Nutt and William Wamble recently sold the Chipotle across the street for approximately a 4.5% cap rate at around $3.45 million, and there is much more development happening throughout this major retail corridor. Please let me know if you have any questions about this investment opportunity, market conditions, or any of our upcoming inventory. #QSR #Florida #Sunbelt

🍻 Cheers to Growth! Mitchells & Butlers Sees 5.7% Sales Uptick 🎉 I'm excited to share the fantastic news that Mitchells & Butlers, the famed pub and restaurant group, has experienced a commendable 5.7% increase in year-to-date sales, compared to the same period last year. This growth spans across all its beloved brands, including All Bar One, Harvester, and Toby Carvery. While Q3's like-for-like sales growth of 3.4% was slightly softer due to Easter and weather-related challenges, the overall performance remains strong with food and drink sales shaping up impressively. In addition to sales growth, the company has made substantial strides with 139 conversions and remodels, six new sites, and energy-saving initiatives.. This proactive approach has positioned Mitchells & Butlers to continue capitalising on opportunities in the market. 🌍✨ #HospitalityIndustry #SalesGrowth #MitchellsandButlers

Hardee’s is an American quick-service restaurant operated by CKE Restaurants, Inc., which also operates Carl’s Jr. Hardee’s has over 1,800 locations in 30 states, primarily in the Southeastern and Midwestern regions of the United States. CKE is a subsidiary of the private equity firm Roark Capital Group. Investors can anticipate a 20-year NNN lease with zero landlord responsibilities, with rent escalations of 10% every 5 years. Hardee’s locations are typically sized at approximately 2,500-3,500 square feet on a plot of land ranging from 0.5-1.5 acres. Check out NNN Trends for continuously updated national cap rates, comparable sales, and consumer traffic on quick-service restaurants like Hardee's and dozens of other retail net lease tenants! https://bit.ly/3Oukfos #CRE #commercialrealestate #retail #retailrealestate #restaurant #fastfood #QSR

Congrats to our Beanstalk Real Estate Solutions #brokerage team for another closed transaction! This one took a few months but working through problems and coming up with suitable contract language that works for both parties is one of Beanstalk's specialties! #teamcollaboration #commercialrealestate #detroitrealestate #retailrealestate