Has Maverik overexpanded?
Back in 2009 the owner of Flying J Truck stops was tragically killed riding his Harley Davidson and then the company went into chapter 11 like many companies went through during the financial crisis, including my own company. His family went on to acquire Maverik from what I understand, and the rest is history in…
Why you hope this Red Robin in Rancho Mirage California, doesn’t renew the lease!
This Red Robin NNN ground lease in Rancho Mirage California is exactly the kind of deal I like to buy for my own account when I am in a 1031 exchange, and here’s why. This deal has all the trappings I look for when buying NNN real estate. Strong demographics, strong anchor tenants, close proximity…
I think the Price is Right!
I found this Jack in the Box deal today on Crexi and wanted to take a deeper dive on why this deal in an 8% cap rate. https://www.jackinthebox.com Corporate Jack’s usually trades around the 5.5% cap range, but this unit is priced to SELL! This could mean many things, including just a motivated seller who…
Why are Chick-Fil-A deals so expensive?
This is why you pay so much for these Chick-Fil-A deals! Is it worth it? Chick-Fil-A has gobbled up all the best real estate in the country and their push into every market from their humble beginnings is a testament to a one of the best real estate departments in retail. They have gone head-to-head…
1031 Doctor review of El Pollo Loco Crenshaw blvd
In 1989 three very prominent African American businessmen walked into the offices of Sheldon L Pollack corporation in Santa Monica California and changed my life forever. I had just turned 25 years old and somehow landed a dream-job at this renowned company and cofounded their property management and leasing division called SLP management systems. My…
Why Ground leases are better than U.S. Treasury bonds.
https://autozone.comThe 1031 Doctor LOVES ground leases with below market rents and looks for deals that you hope and pray become vacant! This Denver AutoZone ground lease in Denver is by far a better bet than buying a US treasury bond! and there is considerable value being suppressed because of the low ground rent. AutoZone is…
1994 Commercial Rents Verus today!
This land in Culver City, California was originally farmed during the great depression by the Khasigian family of Fresno before becoming a Pep Boys ground lease development in 1994. The rent versus today shows how dramatically values have changed. I remember vividly arguing with the family’s patriarch Amos about how $12,000 a month was too…
How to spot the RED FLAGS on NNN deals!
1031 Doctor™ doing a LoopNet Review of 3155 N Alvernon Way in Tucson Arizona. The Red flags on this deal hit me right off the bat! You have to know that one day in the near future this deal, and all deals for the matter, will be vacated by the tenant, it’s not if but…
Quick-Trip Gas Station in Gardner Kansas for a Quick 1031 Exchange?
Quick Trip is one of the most successful fueling and C store operations in the county and for good reason. Their model transformed the industry 20 years ago and is being replicated by many companies successfully. These stores literally can displace the competition in a few months of opening. Not many companies can compete. https://www.quicktrip.com…
Is this Steak “N Shake at the Fox Valley Mall in Aurora Ill, a good 1031 exchange? The 1031 Doctor™ Gives a “thumbs up”
Is this Steak ‘N Shake at the Fox Valley Mall in Aurora Ill a good 1031 exchange? The 1031 Doctor™ gives this deal a “thumbs up”! Steak n Shake has come a long way since their humble beginnings in 1934; this chain was one of the original steak burgers in the country and made their…