Search
 

Net Lease Report - Grocery Stores

Grocers provide shopping centers with better visibility, more foot traffic and greater credibility.

By Jonathan Hipp | Updated on October 26, 2011

What are some recent trends in the grocery sector?

According to REIS, while the overall vacancy rate for regional and super-regional malls was at 9.3% for the second quarter, grocery store anchored malls only showed a 7.7% vacancy rate. Cap rates for net lease grocery stores averaged 7.81%, on par with the national net lease average of 7.75%. However, it is important to note that grocery stores typically have a large footprint and many retailers with large footprints couldn’t weather the recession (Circuit City, Border Books). Net lease grocery stores on the other hand made it through relatively unscathed and are considered one of the best performing asset classes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.