Cameron Clark’s Post

Convenience Store Remodel Underway In Northern AZ

NorthGate Shopping Center at North Bay

Mission is growing!!

Who says retail is dying? Not so! With over 1,200 people moving to Florida a day it's unlikely that retail growth is stopping any time soon! Lake Nona developer Tavistock Development Co. has announced plans for a massive new lifestyle shopping center on the western portion of the master-planned community in Orlando. The developer submitted site plans to the city of Orlando depicting its planned "Lake Nona West" retail project — a 405,100 SF retail center to be built on a vacant, 54.3-acre portion of Lake Nona's development plan. Lake Nona West is expected to break ground in 2024 and open in the fall of 2025. Tenant announcements are expected to begin this winter. A site plan for the open-air shopping center reveals a 150,000 SF anchor tenant, in addition to six junior anchor tenants ranging from 14,000 - 50,100 SF The site plan also reflects a 24,000 SF grocery tenant, two outparcels along Lake Nona Boulevard that are not included in the 405,100 SF, as well as a denser area labeled "mini-town" with smaller spaces for shops and restaurants. The new retail and restaurant project likely will create hundreds of jobs, following a trend of industry job growth nationwide, according to a National Restaurant Association report. Read more here: https://lnkd.in/gnE2QVE9 #realestatenews #orlandonews #retail #orlandoretail #orlandocre #orlandoshopping

JUST LISTED - Panera Bread 4-Tenant Strip | Mansfield (Ontario), OH We are excited to be brining to market a 4-tenant strip center located in Mansfield (Ontario, OH). This site benefits from strong retail synergy, local positioning, and high traffic counts. About one month ago I toured the site and was not only surprised by how much retail development is going on in the nearby trade area, but also by the number of cars and consumers in the nearby parking lots. There is a lot to be excited about in the Mansfield (Ontario) market; providing below some brief investment highlights as a sneak peek. - List price of $2,601,487 yielding a 7.50% Cap Rate - Main Retail Corridor: Strong retail synergy with numerous national brand tenants including but not limited to Menards, Meijer, Target, Best Buy, Starbucks, IHOP, Sunbelt Rentals, Sam’s Club, Lowe’s, ALDI, Applebee’s, Taco Bell, AT&T, Panda Express, Five Guys, Mattress Firm, Outback, & more. - Long Term Occupancy: Panera Bread has been at this location since 2006 and recently installed a drive-thru to be up to the tenants current real estate plans and development standards. The tenant signed a brand new, 10 year extension in 2020 showing their long-term commitment to the location. - Extensive Retail Development in Trade Area: National tenant’s are developing in the local trade area given low vacancy within the Ontario retail hub. Recently completed and current developments include but are not limited to Caliber Collision, Culver’s, Ferguson, Holiday Inn Express, & more. Healthy WALT: The property’s Weighted Average Lease Term (WALT) exceeds 5 years. Reach out to me directly with any questions or interest - [email protected]

Summary: A former employee of Dollar General in Minnesota has shared their experience of working at a new store that faced several maintenance problems. The employee dealt with issues such as flooding, broken freezers, and cold bathrooms. Dollar General plans to open nearly 1,000 stores this year as it approaches 20,000 stores in the US. The company has been previously reported to have operational problems, including cluttered aisles and rat infestations. The former employee mentioned that the management did not address these issues promptly and that low wages were also a concern. Takeaway: The rapid expansion of Dollar General has led to operational challenges, with new stores facing maintenance issues that affect the store experience for both employees and customers. This raises concerns about the company's ability to effectively manage its growing number of locations. It is important for businesses to prioritize proper maintenance and address issues promptly to ensure a positive experience for employees and customers. Hashtags: #DollarGeneral #StoreExpansion #OperationalChallenges #MaintenanceIssues #EmployeeExperience

Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive. Walmart's hometown of Bentonville, Arkansas, is growing rapidly — with many amenities, and higher prices, that people might expect in a bigger city. The town has more cranes per capita than any other U.S. city, according to Cushman & Wakefield/Sage Partners, and prices are rising for longtime residents as it expands. The biggest construction project is Walmart's new headquarters, which will sprawl across roughly 350 acres with offices, a hotel, food hall, and walking and cycling trails. $WMT https://lnkd.in/gk4TuGYX #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables

When Foxtrot closed doors earlier this year, what was not predicted was the frenzy of #RetailRealEstate operators pouncing on the opportunity to capture some prime #Retail frontage. In today's market, retail vacancy is sitting at a historic low, which is sub-5 percent, nationwide. So when there is any inkling of prime #RealEstate coming available, there is a "line out the door" to snag a piece of it, especially those spaces which are in dense neighborhoods which lend themselves towards retail operators like restaurants, entertainment venues and all types of retail concepts. The current market favors #Landlords and established operators, as landlords have a sea of potential tenants to choose from and established operators are able to provide the corporate guarantees, high rental rates and long-term leases which landlords are always seeking of a potential tenant.

Cleaning a retail outlet, whether it’s a small boutique or a large shopping mall, can be incredibly demanding for regular retail staff. They may lack the skills and flexibility in their schedules to ensure the outlet is cleaned effectively. That’s why managers of Sydney’s retail spaces should consider hiring companies that offer advanced retail cleaning services. But how can you narrow down the options and choose the right company for commercial cleaning in Sydney? To learn about the important criteria that retail managers should consider when selecting a cleaning provider to keep their retail outlet in pristine condition, check out the link below. https://lnkd.in/gWNbVcJJ #RetailCleaning #CommercialCleaning #SydneyCleaners #CleanRetailSpace

Dees Stribling at Bisnow shares information on the record-low vacancy rate of retail, 4.1% as of Q1 2024. With vacancy rates so low, creating opportunity for space is at the forefront. Landlords have the opportunity to improve the quality of their tenants while increasing NOI and the value of their asset. Not all tenants Occupancy Cost are the same. I'm a restaurant guy; a restaurant tenant with an AUV of $450,000 vs a restaurant tenant with same use with an AUV of $850,000 has the ability to pay higher rents while still operating successfully. With competition fierce for space and many retailers focused on continued growth, there is an opportunity for best in class retailers to win space as it comes available because they have the ability to support a higher occupancy cost. For Landlord's always looking to add value, this is a strategy worth pursuing given the current market conditions. #retail #restaurants #VIP