Featured Post

California County Slashes Development Fees

Amador County, east of Sacramento County, apparently caught an epiphany of economic development this week. The Board of Supervisors unanimously voted to eliminate 100% of the County Facilities Fees of $7,757 and $3,300 of the $4,300 Parks and Recreation fees for all applications received from June 1, 2008 through October 31, 2008.
According to Priscella Moranga, […]

About LocalCenters

LocalCenters.com is dedicated to strip malls under 50,000 square feet. The articles, interviews, podcasts, and videocasts that are appearing daily as we reach alpha are targeted to strip mall owners and small retailers. LocalCenters.com is owned and operated by LocalCenters, LLC, a development company headquartered in Sacramento, California. John Wallace is the managing partner […]

Our Executive Suites

We have the best deal in Elk Grove for the startup or incubator. Laguna Business Center

Retailer of the Month

Coming January 1!

12 Signs We’ve Bottomed in the Stock Market

If you don’t think real estate is coupled to the economy and the stock market, then please rethink that assumption!
Not only to we look to the larger chain retailers and restaurants for guidance, the market tells us much about consumer behavior and the propensity to spend.
From RealMoney.com, a subscription site, by permission of the […]

Sacramento Retail Market Report Q1-2008

The CBRE Market View report for the first quarter of 2008 was for the most part a pleasant surprise. Here are some of the highlights.

While vacancy is still up 1.1% from 2007 at 7.2%, it began a trend downward in the first quarter.
The only areas in where the vacancy exceeds 7.2% are Carmichael, Greenhaven, Rancho […]

Anchored vs. Strip Mall, Which is Better?

Which is better? Here are some key factors to consider, and the conclusion may surprise you.

How to Find Strip Mall Owners

How about a directory for strip mall owners?

Can My Landlord Kick Me Out for a Better Deal?

Wal-Mart wants to make a deal with your landlord and he wants you GONE so he can sell the property and make some big money. What are your landlord’s rights? How about yours?

Strip Mall Maintenance Costs

How much does it cost to operate a strip mall each year? Let’s look at some of the determining factors, and how they each affect the expense budget.

Pick Up Stix Closes 26 Stores Without Notice

Pick Up Stix, a San Clemente,CA based chain of fast casual Asian restaurants, has shuttered 26 stores in Northern California, Nevada, and Arizona as of January 15, 2008. Apparently there was no notice given to the local employees, according to the buzz on Elk Grove, CA based Elk Grove Online (requires registration).
“We have made the […]

How To Calculate Rent For a Freestanding Fast Food Drive-Thru

Higher Sales Volume and Costs Justify Higher Rent for a Freestanding Drive-Thru As Opposed to a Strip Center Endcap or Inline Shop Space–But How Much Higher?
From Lyle in Illinois
Q :We are looking to open our first fast food franchise location. We have found a location which is an ex-fast food location with existing drive through […]

Wal-Mart Says “Watch Out Tesco!”

Strip Malls Soon To Get A New Player with Marketside
Today Wal-Mart announced plans to roll out “Marketside,” a concept intended to compete head on with the UK Giant Tesco, doing business in the U.S as Fresh and Easy.
The story is still developing, and the figures in the Forbes article below are incorrect. They state […]