Salad and Go

[Dob Hooligan]

For those of us not super knowledgeable about such things, what exactly are they trying to accomplish by listing these sites? Are they looking for a franchisee or someone that will just take over the building and put their own business in it?

I think an aggressive business wants to make profit building their own buildings; make profit leasing the finished building to their own retail business; and have the retail business make enough profit to let them expand quickly. I'm guessing Salad and Go isn't making enough retail profit to fund expansion currently, so they will sell the properties and lease them from the new property owners.

This is all done with different companies at each level that usually have most of the same investors.

[iamok]

^
Sale-Leasebacks are a common way for businesses to expand. Many companies use it as a cheaper way to raise capital for expansion and is not by itself an indication of a company experiencing problems.

[liirogue]

Thank you everyone for that info!

[brianinok]

We go to the Covell & Kelley location in Edmond all the time, but it never seems that busy.

[Plutonic Panda]

We go to the Covell & Kelley location in Edmond all the time, but it never seems that busy.

Same.

[cappa]

Attachment 19471

It appears 3 locations are now listed for sale in the OKC area and one in Tulsa.

https://www.crexi.com/properties?sor...0go%20oklahoma

I've got probably a dumb question. How is a relatively small and simple building 1.5-2 million bucks? Is it just the value of the land due to the location? Limited zoning for businesses..? Just honestly a bit shocked to see numbers like that

[Pete]

I've got probably a dumb question. How is a relatively small and simple building 1.5-2 million bucks? Is it just the value of the land due to the location? Limited zoning for businesses..? Just honestly a bit shocked to see numbers like that

It's all based on future cash flow of the existing long-term lease with a national credit tenant.

They use something called the Cap Rate to determine the value, which is the standard in purchasing income-producing commercial real estate.