Market Update

2018 ICSC RECon Recap | The Net Lease Outlook

Q&A with Calkain’s Jonathan Hipp and Patrick Nutt

What was the overall vibe at RECon this year?

Jon:  Most obvious was that attendance was down significantly, but that made way for better conversations.  Everyone was quite positive.  All the past chatter about the “Retail Apoclypse” has subsided, not once did I hear any negative chatter. The focus was on doing deals and getting business done.  It was a very productive show.

Amanda Willis2018 ICSC RECon Recap | The Net Lease Outlook

Tenant Profile – Bojangles’

Bojangles’ is a fast growing operator and franchisor with a menu centered on chicken and biscuits. Founded in 1977 in Charlotte, NC, Jack Fulk and Richard Thomas based their restaurant on distinctive flavor, high-quality products made from scratch, along with a festive design. The concept caught on fast with the first franchise location opening one year later.…

Amanda WillisTenant Profile – Bojangles’

Tenant Profile – Family Dollar

Family Dollar is a chain of general merchandise discount stores. In 2015, Dollar Tree successfully acquired Family Dollar and together they operate 14,835 discount stores across 48 states and the District of Columbia. This united entity operates two banners, Dollar Tree, a true dollar store, offering all products for $1, while their other banner, Family Dollar, carries merchandise with a variety of price points, generally under $10.…

Amanda WillisTenant Profile – Family Dollar

Tenant Profile – Burger King

Burger King is the second largest fast food hamburger chain, trailing behind McDonald’s. Founded in 1954, Burger King is the “Home of the Whopper,” and has grown to over 15,000 locations around the world.…

Albina SuTenant Profile – Burger King

Net Lease Report – Pharmacy Sector

The pharmacy sector has tracked closely with the Single Tenant Net Lease (STNL) average. Pharmacies have typically been considered steady investment properties. The medicine they sell keep customers coming back to refill prescriptions. Recently, Rite Aid has been struggling, Walgreens has been expanding, and CVS started the process to acquire Aetna.

Albina SuNet Lease Report – Pharmacy Sector