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LI investor adds three retail properties to portfolio
Peter Petrakis, a Seaford-primarily based industrial genuine estate investor, obtained three retail qualities in Indiana and North Carolina for a overall of $3.965 million. The purchaser obtained an 18,000-sq.-foot retail creating on 1.3 acres at 8905 E. 10th St. in Indianapolis, Ind. for $1.3 million. The residence is web-leased to Walgreens and the sale price tag equates to a 7 p.c cap amount. Petrakis also obtained a 5,472-sq.-foot restaurant developing on .91 acres at 4383 Countrywide Road in Richmond, Ind. for $1.54 million. The assets is net-leased to Chili’s and the sale value equates to a 4 {d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} cap amount. The third house acquired by Petrakis is a 2,979-square-foot cafe setting…
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Zoned Acquires Cannabis Retail Investment Property In Michigan For $4.3M Leases It To NOXX – Zoned Props (OTC:ZDPY)
Zoned Properties, Inc. ZDPY has acquired an financial investment house in Nice Ridge, Michigan and entered into a very long-term, complete-net lease agreement with NOXX Cannabis to operate a retail dispensary. “We are thrilled to announce this sizeable transaction, which marks our entry into Michigan as an investor in serious estate. This deal has offered us the possibility to add a sturdy, established operator in a appealing sector, when diversifying our portfolio. This is an illustration of Zoned Properties including a excellent asset and tenant lover to our residence financial commitment portfolio by using our value-insert financial investment solution and injecting immediate-to-buyer genuine estate targets into our pipeline,” stated Bryan…
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Floor & Decor: Becoming The Next Home Improvement Retail Giant (NYSE:FND)
Gladiathor/iStock via Getty Images Investment Thesis Floor & Decor (NYSE:FND) is a hard surface flooring retailer and commercial flooring distributor with 191 warehouse-format stores and six small design studios across 33 states. With an experienced management team, the company lays out an expansion plan to drive future store base growth at 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} annually. It gives FND a runway to grow to become the next home improvement retail giant. FND also has performed well financially over the past few years. Revenue per share rose 64{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, and EPS surged 83{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from 2019 to 2021. However, FND declined over 50{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from its all-time high in December 2021 and had a disappointing performance in…
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Alpine Income Property Trust: An Interesting Microcap Retail REIT (NYSE:PINE)
Lemon_tm/iStock via Getty Images Written by Nick Ackerman. This article was originally published to members of Cash Builder Opportunities on August 11th, 2022. Alpine Income Property Trust, Inc. (NYSE:PINE) immediately caught my attention when it appeared on our latest monthly dividend screening piece. Several interesting names show up with that screening article, and it gets some of the most readership. So, a good reason why I continue to produce that monthly piece. For PINE, more specifically, the higher yield of nearly 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} at this time plus a growth trend initially stood out. After looking into it a bit more, some red flags should be addressed. All in all, though, it…
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5 Stocks to Win in a Thriving Retail Building Products Industry
The Zacks Building Products – Retail industry is poised to gain from the continued strong consumer demand trends for home renovation and maintenance activities amid rising interest rates and home prices. Rapid urbanization and favorable trends in the housing market are added advantages. The industry players are expected to gain from investments in digital and omni-channel capabilities for meeting demand, executing strategies, and acquisitions. Continued innovation and e-commerce expansion, and strong demand are likely to benefit industry participants like The Home Depot Inc. HD, Lowe’s Companies Inc. LOW, Builders FirstSource, Inc. BLDR, Beacon Roofing Supply BECN and GMS Inc. GMS. About the Industry The Zacks Building Products – Retail industry…
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Retail roundup: New Lincoln store offers pot-your-own-plant experience | Local Business News
The story of how Megan Connealy came to open up a plant and home decor store across the street from the Nebraska State Penitentiary revolves heavily around two events in February. First, her husband, Devan, was completing remodeling work on a space in the former Burger King location at 14th Street and Pioneers Boulevard for a coffee shop. He told her he had always had the feeling that they should open some kind of business in the other side. The second event was a trip to Texas after her husband finished the job in which they visited Magnolia, the company formed by Chip and Joanna Gaines of “Fixer Upper” fame.…
