I always make sure to put an extra one under a bed or storage inside so if it goes out, I can tell the guest where to find a new one.

I am barely looking at them because with my underwriting (that some would consider conservative), even properties below retail bleed cash.  

I was on a Senate Steering committee way back in 85 on how to deal with all the platted antiquated lots in CA. there are millions lots created before the modern rules and these lots exist today but many are not buildable and are traded back and forth from tax sale buyers to retail buyers who dont realize their 5k lot in CA is non buildable.So there was a big conference in FT.

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

@Cheryl Gilmartin are you saying that Anderson Business Advisors are in bed with Elite/RDPD, or am I reading your comment wrong?

What should be a reasonable retail price?

That being said, I'm part of an experienced Syndication Group who invests not only in Multifamily, but also different asset classes:  Self Storage, Mobile Home Park, RV Park, and Retail - all to diversify the investment offerings.Reach out, and the next time we have an LP capital raise, I will send you the OM (and obviously info on our company) to review.

Yet you have people lined up in retailers spending more than that on the new iPhone.

In this case the offer is only to dive into this one project - I already have 2 protégés).In summary, near rent ready retail units at high LTV have large negative cash flow.  

This is because there’s a lot of 2,3,4,5 bed homes in Orlando and very few 4,5 bed homes here.