Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Tuesday, March 13, 2007
Dollar General - Single Tenant NNN Investment
Dollar General stores just announced a buyout by Kohlberg Kravis Roberts. 8,260 stores across the country going in to the hands of turn-around/restructuring artists. Current plans are to close 400 stores and open 300 in different locations. Then, I'm sure will come the real changes. Possibly selling off stores, closing hundreds of stores, renotiating leases, etc. A corporate signature is wonderful until you end up with KKR slashing and burning. Difficulty is also that most of these stores are in secondary and tertiary locations. Not easy to re-tenant in those areas...
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