Tag: globest.com

The Net Lease Market In One Word

GlobeSt.com

The first quarter of 2017 can be summed up with a single word: Stable.  According to our Calkain research team, the entire market only moved 11 bps. This lack of movement was driven by the Dollar Store and Pharmacy sectors.…

Traci BidingerThe Net Lease Market In One Word

Lessons Learned From Previous Mergers

GlobeSt.com

The recent announcement that Fred’s would purchase upwards of 600 locations from Walgreens/Rite Aid to help ensure approval of their merger, highlights an issue facing some owners of these properties. What happens if my property is slated to be closed?…

AmyLessons Learned From Previous Mergers

What To Expect In December

GlobeSt.com

With the holiday season in full swing, the country will be waiting to see if the Fed will increase interest rates during their meeting on December 14th. Following Trump’s presidential election victory, we have seen a surge in S&P, Dow Jones, and Nasdaq.  The Dollar has also advanced and we’ve seen a rise in bond yields.  Meanwhile, cap rates have continued to compress this year, with some STNL properties trading at record low cap rates. Clearly, that trend can’t hold on for much longer, a tune we’ve all been singing for a while.

A major indicator for a rate hike …

AmyWhat To Expect In December

A Dollar-Store Comparison

GlobeSt.com

Dollar stores were once looked upon as second-class citizens in the retail world. Well, that is far from the case nowadays.

Since the recession, consumers have been more discerning in their shopping choices, and looking for deals at various outlets instead of just going to a single store to do their purchasing.

Dollar stores are at the forefront of this consumer pattern now, in part due to enhancements in their merchandise mix, offering a wider array of food, health products and over-the-counter healthcare products at inexpensive prices.

We are going to examine the country’s two largest dollar chains, Dollar General, …

Traci BidingerA Dollar-Store Comparison

Restaurant Space Sells For $1,169 Per SF | Lingerfelt Expands VA Footprint

GlobeSt.com

WASHINGTON, DC—1132 19th St., NW, the erstwhile home of 70 years of Famous Luigi’s, has traded or $6.4 million, or $1,168 per square foot. The property was listed by Calkain Urban Investment Advisors’ Rick Fernandez and Andrew Fallon earlier this year in March, at an asking price of $6.5 million.

The property is a single-use, multi-level restaurant that was leased last year to Bonfire, a new restaurant by Provision 14’s Social Restaurant Group. Bonfire opened several weeks ago.

The 15-year lease has structured rent increases of 3% a year.

GlobeSt.com

AmyRestaurant Space Sells For $1,169 Per SF | Lingerfelt Expands VA Footprint