The Know | In-N-Out is really, truly coming to Colorado

Our double-double dreams are coming true: In-N-Out is coming to Colorado.

The cult-favorite California burger chain, which has been rumored to be coming to the state in the past, is under contract to purchase land in Colorado Springs. In-N-Out will be building a distribution center on 22 acres in northern Colorado Springs, which will enable them to support 50 (yes, 50) restaurants within 350 miles of the facility.

The first Colorado store will open in Victory Ridge, a new mixed-use development in the Springs, said Andrew Klein, principal at Westside Investment Partners. Klein said a Denver In-N-Out will open shortly after.

 

Read More: http://theknow.denverpost.com/2017/11/30/in-n-out-colorado-springs-location-denver-2017/168486/

Re-posted by Crosbie Real Estate Group

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Commercial Real Estate Retail Recap: November 2016

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Commercial Real Estate Retail Recap: December 2015

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Commercial Real Estate Recap : September 2015

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National Real Estate Investor I U.S. Chains Continue to Up Store Opening Plans

FiveGuysRestaurantU.S. chain retailers have upped their store opening plans ever-so-slightly in April, confirming a positive outlook for the retail real estate sector going forward, according to the National Retailer Demand Monthly report from RBC Capital Markets.

RBC researchers estimate that the chains in their database have increased the number of stores slated to open over the next year by 2.5 percent since January, to 41,918 new locations. The same retailers also increased the number of stores they plan to open over the next two years by 2.8 percent, to 78,647 locations. Restaurant operators, discount department store chains, children’s apparel retailers and gift sellers accounted for a significant portion of additional planned openings.

RBC REIT analyst Rich Moore also noted that retailers continue to expand their workforce, indicating that net store openings are likely to be positive.

“The strength of the store opening picture continues to push new shopping center development, which is at a post-recession high,” he wrote. “In all, the picture remains a healthy one for retail landlords, and we look for solid quarterly results in first quarter 2015.”

The top few retailers that plan to grow the most as a percentage of their existing portfolio are made up of restaurant chains and convenience stores, including Penn Station—East Coast Subs and Five Guys Burgers and Fries. At the same time, discretionary retailers Bed, Bath & Beyond, Urban Outfitters, Crazy 8 and Francisca’s Collections also found their way on the top 30 list in April.

Meanwhile, Dollar General (1,300), Family Dollar (1,000), Sephora (100) and Dollar Tree (600) were among the top 30 retailers planning to open the greatest total number of stores over the next two years.

Read more: National Real Estate Investor I U.S. Chains Continue to Up Store Opening Plans
Re-posted by: Crosbie Real Estate Group

Business Insider : Quiznos Has One Last Hope For Its Business

Quiznos’ US business has been in a tailspin.

quiznos_logo1_fullThe sandwich chain has closed 3,000 restaurants in recent years and filed for bankruptcy protection.

Now the company is focusing on opening restaurants in Asia and the Middle East to drive profits, writes Venessa Wong at Bloomberg Businessweek.

The company hopes that growing overseas demand for US restaurants will help its business.

Wong notes that the company will have to contend with already-established competitors like Subway and KFC.

KFC now has more restaurants in China than in the US.

Serious flaws in Quiznos’ business model led to the company’s demise in America, The Wall Street Journal wrote last year.

The chain’s franchise owners have long complained that Quiznos charges too much for ingredients, eating into profits.

The company has also made key mistakes in its production process.

Read more: Business Insider : Quiznos Has One Last Hope For Its Business
Re-posted by: Crosbie Real Estate Group