Volume 1 • Issue 5December 2008
ALG agents attend many real estate functions and conventions throughout the year. However, in the third quarter we actually made a unique presence by having our first ALG booth at the ICSC – International Council of Shopping Centers Convention in Atlanta, Georgia at the World Congress Center this past October. We had over 120 visitors stop by and we also recruited two new members to our ALG team from this event. ALG would like to announce Anne Marie Newman and Tony Roland as new additions to our team. We rolled out the red carpet so to speak and took the opportunity to showcase many of the properties on behalf of our clients. An excellent way to close out the third quarter of 2008, but we are not stopping there because the fourth quarter is proving to already be an exciting time here at ALG. We are soon to go live with our new website enhancements, the phones are ringing and clients are eager to sell their properties.

As we steadfast approach the New Year buyers have a lot to choose from. Mantras such as "location, location, location" are being replaced with "distressed, bank owned foreclosures" and so on. When considering sites in a submarket, buyers are often motivated and focused on the value a property can be purchased for equally as much as whether or not the property suits their needs or is the proper place to do business. We here at ALG manage expectations with prudent information so that buyers can make excellent decisions from our detailed information. The Robert Armstrong's mantra has been and continues to be the three C's "corners, commercial, commissions."

ALG wishes everyone a Happy New Year and when shopping for properties this holiday season do not forget to look at our Grand List of Available Properties for Sale!
lefttop Current ALG Opportunities:righttop redliner
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lefttop Latest Figures:righttop redliner
  • Bill Weitzenkorn from Tri-Oak Commercial Group was our October guest at our office meeting. He discussed the opportunities available with Triple Net Lease properties and 1031 Exchanges. Currently The Family Dollar Store yields a cap rate approximately 7.75% - 8.25% and the Dollar General yields a cap rate approximately 8.25% - 8.75%. The auto sector such as Advanced Auto Parts yields 7.25% - 7.65% and the Auto Zone yields 6.75% - 7.5%. The pharmacy sector such as Walgreen has cap rates in the neighborhood of 6.25% - 6.5% and CVS Pharmacy has 6.75% - 7.35%. These provide excellent investment opportunities for those individuals who require stable cash flow, minimal liability and little management involvement.
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