Acquisition Criteria
Tekin & Associates specializes in the acquisition of well-located retail & restaurant commercial properties.
Property Types:
- Retail
- Casual Dining Restaurants with near term expirations
- Shopping Center Pad Sites with under market rents
- Gas Stations
- Commercial Land for Retail & Restaurant Development
- Portfolios of established credit net lease tenants
- Neighborhood & Community Centers anchored by top retailers
- Properties offering expansion, redevelopment & lease-up or re-tenanting potential
- Single assets as well as multiple property portfolio acquisitions with no maximum deal size
- Debt positions for current yield or loan to own
- Capital restructuring in partnership with existing owner to invest fresh equity into a controlling interest position
Development Opportunity:
- Dense infill locations & underserved retail trade areas
- Functionally obsolete shopping centers requiring partial or complete redesign including older well-located centers with non-prototypical anchors
- Multi-tenant neighborhood & community centers, as well as single tenant sites
- Entitled, partially entitled & un-entitled sites with ability to secure entitlements prior to closing
- Property dimensions suitable to accommodate traditional retail construction & convenient at-grade structured parking
Location:
- Corner intersection parcels with High Traffic
- Strong demographic trade areas in primary markets
- Properties with the potential to add density to the site through accretive zoning, including mixed use.
Markets:
- Southern California preferably in the Los Angeles County
- Northern California preferably in the Bay Area
- Washington State preferably in Seattle, Tacoma & MSA
- Texas preferably in Dallas, Fort Worth, Houston, San Antonio, Austin & El Paso
Size:
- Land – 25,000 sq.ft. up to 15 acres
Purchase Price:
- $20,000,000 up to $50,000,000
Structure:
- Flexible to meet sellers needs
- Ability to complete due diligence & close quickly
- In-House Counsel