Market Update

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

Tenant Profile – Starbucks

Starbucks began as a single store in Seattle’s Pike Place Market in 1971. Today, Starbucks is one of the largest chains of coffee shops in the world, operating in 75 countries. In addition to coffee, Starbucks also offers tea and fresh food. Starbucks offers goods and services under a variety of brands such as Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, and Ethos.

AmyTenant Profile – Starbucks

Tenant Profile – Advance Auto Parts

Advance Auto Parts (AAP) and its subsidiaries, Autopart International, Carquest, and Worldpac, comprise one of the leading aftermarket auto parts providers in North America. Headquartered in Roanoke, VA, AAP operates 5,189 stores.

AmyTenant Profile – Advance Auto Parts

Tenant Profile – Bank of America

Bank of America is a banking and financial services company headquartered in Charlotte, North Carolina. They operate approximately 4,600 branches and 15,900 ATMs across all 50 US states, the District of Columbia, the US Virgin Islands, Puerto Rico, and in more than 35 countries worldwide.

AmyTenant Profile – Bank of America

Net Lease Report – QSR Sector

The Quick Service Restaurant (QSR) sector has proven to be extremely robust. Amazon has caused disruptions in many industries, but the QSR sector appears to be, at least for now, immune to the so called “Amazon Effect.” Food delivery is by no means a “disruptive” new thing, and most fast food is eaten out thereby limiting Amazon’s ability to turn this sector of the retail industry upside down.

AmyNet Lease Report – QSR Sector

Tenant Profile – 7-Eleven

7-Eleven is one of the world’s largest convenience retailers. Currently, 7-Eleven operates, franchises, or licenses more than 63,000 stores across 18 countries.  The chain may best be known for their iconic Slurpees.

AmyTenant Profile – 7-Eleven

Tenant Profile – Walgreens

Walgreens is one of the nation’s largest retail drugstore chains. Walgreens is owned by Walgreens Boots Alliance (WBA). WBA was created through Walgreens’ acquisition of Alliance Boots in 2014. The creation of the international pharmacy group allowed companies to capitalize on synergies with complementary geographic footprints. 

AmyTenant Profile – Walgreens

Tenant Profile – Dollar General

Dollar General is the largest dollar store chain. As of March 2017, they operate 13,429 locations across 44 states. The locations offer products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing, housewares, and seasonal items at low everyday prices.

AmyTenant Profile – Dollar General

Tenant Profile – Hardee’s

Wilber Hardee opened his first restaurant in Greenville, North Carolina in 1960. Five months after opening, Hardee’s had its first franchisee. This burger chain has grown at an impressive rate, opening its 1,000th restaurant in just 15 years of business.

AmyTenant Profile – Hardee’s