Small commercial strip centers, free standing restaurant buildings, small medical office buildings, are the main areas of focus.  

TK is like ordering from a restaurant.. if you want ala carte you do somethings your self or sacrifice some items..

Most millenials want to live downtown and be able to walk to bars, restaurants, sporting events, etc.

Some advice: 1) Do not use listing prices as a comp for Escondido multiplexes (only look at sold prices - do not think it is a deal just because it is listed lower than other listings) 2) Do not forget cap expenses in calculations 3) higher density areas usually result in more work than lower density areas 4) South Escondido is trending in much better direction than North Escondido 5) even in Escondido finding SFRs that have positive cash flow is not easy 6) Tenants in certain areas value having adequate parking 7) Lourdes is not close to as good as it was last year, it is no longer clearly the best Mexican food :=).Good luck

Seems the Mexican Senate is pissed because now they have to rewrite the manual for illegal immigrants.

Tell them to stop eating mexican.

It may be obvious but MOST people don't do it whether it's a real estate investor, a restaurant owner, a plumber, etc.

Jon,It's all dependent on how much time is left on the lease.Brand new CVS or Walgreens you are talking a 5 to 6.5 CAP with a new development and 20 year lease in place.Borrowing you can get a loan in the 4's because these are not only credit rated tenants but investment grade BBB- or better.Anything less than 15 to 20 year term left and the CAP starts rising.Even though the pharmacies almost always renew lenders worry about the leasing tenant "going dark" and not renewing the option.This is why lenders love the 20 year term or 15 out of 20 left on the lease.Most if not all of the debt service will be paid down by the time the initial term ends limiting the lenders risk of default.With restaurants most are not investment grade but credit rated.Lenders will still loan on them but want 25% down but the benefit to restaurants is I am seeing on average 1.75% to 2.25% annual bumps on the rent each year.Some increase it each year and then others block it to increase say 10% ever 5 years.On the financing if you go to a bank or other lenders they are all pushing these 5 year term loans with a 20 year amort.Great for banks and lenders but horrible for buyers.In five years the interest rate could be much higher when the term comes due and will wipe out your rent bumps with a new higher debt service.I tell buyers it's better to instead of a 5 year term at 5 or 5.25 to do get a 15 year term with a 20 to 25 am at 5.75.

Six months ago I helped a chef friend open up a restaurant on the square of the county seat an hour east of Dallas.

@Karen MargraveHi Karen,No crow, but maybe a nice filet mignon from my favorite steak restaurant!