Principal & Senior Investment Advisor at Commercial Investment Advisors
Scottsdale, AZ
Joined August 2013
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Justin Zahn retweeted
Nebraska is repping their guy @terencecrawford today ahead of their game against Houston Christian. 🥊
Justin Zahn retweeted
So many amazing people will be at #LetsGetSocial! Do not miss this incredible gathering, Sunday, May 18 5-7 The Aria Resort - The Sports Bar!
Register: bit.ly/letsgetsocial25
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Justin Zahn retweeted
And so it begins...
Zips Car Wash - a 260 store operator owned by a Private Equity shop, just filed BK.
Cited a massive influx of competition that came into the car wash space AND burdensome lease obligations as some of their rationale for the filing.
If you read the BK filings, you'll see they have Hilco playing offense to negotiate rent reductions on their leases, and they plan on rejecting 39 of their locations.
More I'm sure to come in the car wash space....
Justin Zahn retweeted
This Park City (Vail) labor dispute with the ski patrol is mind blowing.
It seems like Vail totally dropped the ball with the ski patrol in not coming to terms with them. This has left thousands of holiday travelers beyond frustrated.
Look at this video from today 👀
Justin Zahn retweeted
Looks like Big Lots is going bye bye.
The private equity group that was contemplating a purchase backed out.
Big Lots is now going to fully liquidate and close - which will be 870 stores nationwide.
The average footprint is about 30,000-35,000 SF. I think many of these will be backfilled quickly with the expanding junior box operators.
finance.yahoo.com/news/big-l…
Justin Zahn retweeted
BREAKING: Dollar General PLUMMETS 26% in the premarket and is now DOWN ~70% from its 2022 highs
DG follows a wave of struggling retailers seeing their stock plummet
Most notably, Walgreens is trading at ~$9 a share, down ~90% from their all time highs 🤯
Justin Zahn retweeted
Rubio’s abruptly closes nearly 50 California locations. In a statement, Rubio’s said the decision to close 48 locations in California came in part because of the rising cost of doing business in the state. ow.ly/BIjr105vmnO
Justin Zahn retweeted
Has velocity picked up in '24?
Let's look at the coffee category, namely Dutch Bros & Starbucks:
Starbucks:
'23 Deals Closed/Mo = 7.33
'24 YTD Deals Closed/Mo = 4.00
Down 45%
Dutch Bros
'23 Deals Closed/Mo = 3.25
'24 YTD Deals Closed/Mo = 1.25
Down 62%
Not so fast, my friend!
Justin Zahn retweeted
50 Red Lobster stores are having their fixtures, furniture, and equipment go to auction May 16th.
The liquidation has begun.
Justin Zahn retweeted
Feeling for the Tractor Supply developers today...
Corporate just dumped a handful of sale-leasebacks on the market this week
Meanwhile...
I can't remember the last time I've seen a build to suit Tractor Supply sell in my market
There are several currently offered for sale (going on 2+ years) built by 3rd party developers with no luck
Tough sales to execute on right now with the $6M+ price points , 5% increases every 5 years and usually located in tertiary markets.
To top it off... requiring a signed confidentiality agreement to be filled out for basic sale information definitely not helping either.
Check out this article: cnn.com/2024/04/30/business/…
Justin Zahn retweeted
100% of net proceeds will go to helping those effected by the tornados in Nebraska. @_willcompton
store.barstoolsports.com/pro…
Justin Zahn retweeted
Blackstone to buy Tropical Smoothie Café in $2B deal. Levine Leichtman agrees to sell Atlanta-based 1,400-unit fast-casual brand ow.ly/RSiU105qJXK
Justin Zahn retweeted
How much is the net lease industry down?
Let's look at CoStar data, which provided me this graph (thanks @CoStarGroup)
STNL Volumes by Quarter:
1Q 2022 - $11.1 billion
1Q 2023 - $4.5 billion (down 60%)
1Q 2024 - $1.3 billion (down 112%)
Now you understand our inventory dilemma.
Chipotle has entered a new country for the first time in over 10 years nrn.com/franchising/chipotle…
Justin Zahn retweeted
Time to get rid of CoStar / LoopNet Land dot com
Garbage leads. Garbage company.
Anybody else made the leap?
Justin Zahn retweeted
Seafood restaurant chain Red Lobster is considering a Chapter 11 bankruptcy filing, sources say trib.al/QHqC7jW
