Daniel Herrold @TeamHerrold
20+ Years in #CRE focused on retail investment sales. SVP at @Northmarq | My insight & honest commentary - what you really want to know about the industry. linktr.ee/teamherrold Tulsa, OK Joined August 2014-
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Garage sales are such waste of time. Just had one for 2 hours and sold $50 bucks worth of crap. Better to give away to charity or goodwill for a tax write off.
Funny how people will pay $20-40 per month for a car wash package but refuses to pay for house cleaning or maintain their house. Which is the asset?
I had my first daughter at 23. Second at 28. Third at 29. I wouldn't change a thing, but I have encouraged my girls to go explore the world a little before settling down. In the flip side, it sure is nice to be 50 and be an empty nester! You do you.
Here are the 16 tenants we are tracking every month. Take us about 2.5 hours to compile & put our comp reports together. Big investment in resources, but well worth the effort. Starbucks Dutch Brothers Chipotle Chick-fil-A 7-11 Caliber Collision WaWa McDonald’s Aldi Raising…
My call with national retailer yesterday discussing the NNN investment sale landscape has turned into an opportunity to have a call with another retailer. Educating these teams on the headwinds we are all seeing will only help them (and developers) do more deals.
2 weeks in. Got his cards. Gonna be a superstar if he keeps it up.
So, I met someone. And if you have figured me out yet, you know I’m not afraid to take risks. Post ICSC, I’ll be packing my bags and living in Newport Beach all summer. Working from there which I’m incredibly excited about. Putting all the chips on the table to see if…
A quick intro to my team. If you're active in these cities or state, reach out and I'll connect you- Me - Tulsa Matt Spangenberg - Chicago Vikaas Patni - Cincinnati Michael Zimmerman - Chapel Hill Eduardo Elizondo - Dallas Let's connect if we haven't already!
Just had a fun conference call with the 7-11 real estate team that covers the Sunbelt states. We discussed the state of the market, shifts in cap rates and more importantly how developers can get new deals done in today's marketplace. I love having these types of calls.
Our firm just put together an update on the net lease marketplace as of 1Q. The narrative is a little different than what you saw in my previous post from CoStar data. Happy to share - DM me and I can shoot you the reports.
Don’t hire these kind of brokers: - those who won’t do a site visit of your property pre-marketing. - those who don’t invest in high quality ground and drone photographs for your listing - those who market your NNN asset unpriced. - those who market your NNN asset with a…
Interesting acquisition. Hibbett Sports being acquired by UK-based JD Sports Fashion for $1.1 billion. JD also owns The Finish Line, Shoe Palace and DTLR Villa. Worldwide, they operate 3,313 stores. Based on their EBITDA, that reflects multiple of 6x. Hibbett operates…
Here's a great illustration of how the net lease hashtag#REIT world has changed since the rate hikes. Take Agree Realty. 3rd Quarter '21 - Acquisitions - $340M - Avg. Cap Rate - 6.20% 1st Quarter '24 - Acquisitions - $121M - Avg. Cap Rate - 7.70% Exactly a 150 bps shift in…
And we're trying to get this sucker sold before open date! 🔥🔥🔥
The TikTok ban is officially signed into law. But won't go into effect for 9-12 months. How convenient for the elections.
Let's do a deal. We are actively looking for the following: - Commercial land tracts - suitable for retail/restaurant - 0.5-5 acres - Vacant QSR's deals - Vacant Retail deals Anywhere in the US. We'd love to see what you've got. E-mail in bio or DM me.
Just wrapped up review of our marketing package for our medical deal in South Florida. We have 5 on or soon-to-be on the market in the Sunshine State. Orlando Hollywood Miami (3 locations) The tenant is a 25-unit operator of clinical care's throughout Florida.
Not sure if you saw this, but non-compete contractual agreements have been killed by the FTC. My brother (an attorney) alerted me yesterday of this ruling. I'm curious to see how this impacts the commercial real estate industry. restaurantbusinessonline.com/workforce/bide…
StripMallGuy @realEstateTrent
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949 Followers 245 Following 🎗️#1 New York Times and international bestselling author • Lover of Common Sense • Hater of VegetablesThis is kinda the elephant in the room but one thing I’m excited about that came outta @realEstateTrent & @BobKnakal gala was that I found many more super savvy female CRE people to follow Love the bros, but some diversity is nice
On my way home from the X Gala in NYC and I can’t get over how consistently the train is such a superior travel experience. Look at all that leg room!! I’m not crammed into a sardine can that I barely have room to breathe comfortably in. Not to mention the ease of the entire…
There are a number of negative things that have come out of the social media/digital age the last 15 years(especially for kids). It’s nice to see the positive every now and then though. My timeline has been full of picture from @BobKnakal & @realEstateTrent X Gala. Super cool to…
@BPD1776 Feel like you have to follow me if I’m going to be the center of your meme but I guess it’s okay
I’m probably too serious about money. I feel an obligation to give and to use it wisely, not frivolously. That’s probably why I drive an older, boring car. The most expensive think I ever treated myself to was a Martin acoustic guitar. It was $2,850. But my family has been…
At LaGuardia heading back to Houston. Well done @BobKnakal @realEstateTrent. Amazing event. Bob always great to see you my friend. Don I am thrilled we finally had a chance to meet. Also thanks to @sweatystartup @trdny and @Lonnie_CRE for their events they were all a blast. It…
@TeamHerrold @mattfranciz @WillHuebnerRE @JTMartingCRE This was me deal with food poisoning! People follow me for the good, the bad & the ugly!
Biggest shoutout of the week goes to @mattfranciz @WillHuebnerRE & @JTMartingCRE for saving the day and making sure I didn’t die! See the picture below for what I was battling. Never felt worse in my whole life. Note to self, NEVER eat the BBQ Breakfast bowl at the airport.
Table manners say a lot about a person. Whether you like it or not, people judge the way you eat. Let it be said, it is rarely appropriate to scarf your meal down. Take a break between each bite. And it’s never appropriate to lean in and eat 3 inches off your plate/bowl.…
@TeamHerrold Try Ebay. I liquidated tons of sports memorabilia and childhood toys.
@TeamHerrold Do Facebook Marketplace. I sold a house full of furniture in a few weeks
Here is me in green Switzerland proudly rolling with my @gas_biz hat!! if I had the means, I’d be able to sell these, everybody wants one.
@TeamHerrold Idk. My parents are 70 and we’re still at their house all the time 🤣🤣
@TeamHerrold People don’t see the inside of your house but they do see your car
@TeamHerrold But people don’t throw fast food wrappers on the floor at their house like they do in their car.
@TeamHerrold Dirty car Dirty crotch 😎