Jason R Gaines™️
@RetailBrokerHTX
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Retail CRE Broker | President & Founder @sturbridgecre |🤘🏼alum | Mötley Crüe + MUSE megafan | #retwit 🍌 in the tailpipe personality
Houston, TX
Joined June 2022
I’ve repped Wingstop for 20 years in the Houston area Wingstop now does $2MM+ per location. That’s out of +/- 1500 sf, so call it $1,500/foot in sales Yet it has finally happened We offer on a site, and upon seeing the counter offer we have agreed we can’t pay their rent.
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This is absolutely bonkers to finance a car for 8.33 years The signs of financial ruin are all around us
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This week is about racing to the finish line with deals. I just wish everybody was as focused on this as I am. If it’s not signed by Friday it’s just gonna go right into next year.
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Anybody out there ever played the 6000 pound car game for tax purposes? This is the section 179 approved category If so, any tips would be greatly appreciated. This is my first go at doing this
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Gold and silver are both at all time record highs today. The DJIA is hovering at 48,000. Bitcoin is at 93,000. The rate of inflation is still at 3% Yet despite this there is a meeting this month to potentially lower Fed rates. Make this make sense
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Tweet of the year winner
@unusual_whales Only 54% drink because the other 46% are either addicted to pills, weed, gambling, porn, or scrolling until their brain melts. Alcohol is now the honest vice: you know exactly what it costs your liver and wallet. The sober crowd pretends juice cleanses and yoga make them
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Spotify has decided I’m old. They cited my habit of listening to “oldies” Oh boy
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This week and next are arguably 2 of the most productive on the CRE calendar. Past next Friday, odds of deals pushing into 2026 go up exponentially Plan accordingly
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Halftime show of the Lions game? Jack White + Eminem = 🔥 Well done NFL
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This is a great 45 minute listen for retail pros out there. Nice to see what the industry looks like from a huge player’s perspective.
open.spotify.com
Leaning In · Episode
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I don’t know who needs to hear this, but food halls in the sunbelt do not work.
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Lankford’s is a top 5 Houston area burger. The Woodlands is getting a big score here.
One of Houston's oldest restaurants is expanding to the suburbs and adding a new concept next to its original location.
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Kroger has been sitting on their hands for 7 years while HEB has been piling up new locations…but now suddenly they want to drop new locations in Houston I applaud their efforts, but they have lost a lot of ground in the grocery game over that time
bizjournals.com
Kroger plans to open multiple new stores in Houston after a seven-year pause, while also investing in remodels across its Texas division.
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I am officially losing tenants and deals to homeless issues They are setting up shop at just about all of my listings around town. They love a retail center This is coming up time and time again, tenants want to know what my property owners are going to do it (as if they can)
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37 green/red bins 14 ornament boxes 4 trees 3 hours 2 fights Christmas is officially down from the attic
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This is a good 5 minute read. These restaurants hit the private equity eject button because the dollars are there, knowing full well there will be compromises made in their brand. Nice to see that Raising Cane’s is doing it all on their own terms.
finance.yahoo.com
Venture capital firms investing in fast food restaurants have caused once-beloved chains to give up the things that made them famous, Raising Cane founder and co-CEO Todd Graves said recently. "It's...
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You think you’ve seen luxury retail deals? Check this out This ⬇️ 8800 sf building in Aspen, the Prada building, asking $85,000,000 There’s no way this makes mathematical sense to the income of the building Pure ego play. A bonfire of the vanities
nancyemerson.com
Price: $85,000,000, square_feet: 8826, address: 312 S Galena Street
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I was poking around town today looking for a client of mine, they want inside the beltway 2nd generation F&B spots. Oh boy, won’t be much to see here… …I was wrong. Between all of the empty Jack in the Box spots and the Starbucks that closed down, there are a number of options
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My guess is the developer is just looking for a good reason to build this box, but nobody on planet earth would see this as a solid bet for prolonged success The high end boys cut these deals and most know in the back of their head this will be a problem at some point
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A high-end Mexican restaurant is coming to Post Oak in the Four Oaks complex in a BTS free-standing building 16,000 damn sf… I don’t care how great this place is, there is 0% chance they will make it 16k sf at (guessing) $70 psf + $20 NNN = $1.4MM a year in rent. Uh, nope
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