Hot Deals/Leads
Penn Station, Inc. trades as Penn Station East Coast Subs at 227 locations throughout IL, IN, KY, MI, MO, NC, OH, PA, SC, TN, VA and WV. The sandwich shops occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in power and strip centers. Plans call for 30 openings throughout the existing markets, as well as AL, AR, GA, IA, KS and WI, during the coming 18 months. Typical leases run five years with options. Preferred cotenants include GameStop, Five Guys Famous Burgers and Fries and Chipotle. Major competitors include other sandwich shops. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average household income. The company is franchising. Smaller strip centers are preferred, and the company will also consider spaces of as much as 2,000 sq.ft. in select circumstances. For more information, contact Mark Partusch, Penn Station, Inc., 1226 U.S. Highway 50, Milford, OH 45150 Kirkland's, Inc. trades as Kirkland's at 300 locations nationwide throughout 29 states. The home furnishings stores, offering gifts, decorative accessories and housewares, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Target, Marshalls and T.J. Maxx. A land area of one acre is required for freestanding locations. For more information, contact Sarah Weaver, Kirkland's, Inc., 2501 McGavock Pike, Suite 1000, Nashville, TN 37214 Continental Rental, Inc. trades as Continental Rental at 22 locations throughout MI. The stores, offering the rental and sale of appliances, bedroom sets, electronics, furniture, stereo systems, computers and snowblowers, occupy spaces of 3,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact James Patterson, Continental Rental, Inc., PO Box 1308, Bay City, MI 48706 Mattress Giant operates 360 locations throughout the mid-Atlantic region of the U.S. The mattress stores occupy spaces of 4,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout the Baltimore, MD metropolitan area during the coming 18 months, with representation by Paraclete Realty. For more information, contact Charlie Phelps, Paraclete Realty, 9648 South Pines Road, Suite 100, Warrenton, VA 20186 Like these leads? Want More? Go to the Dealmakers website for a Subscription. Dealmakers, the nation's weekly news source on retail real estate. |