As restaurants have struggled during the pandemic, more people are eating at home. That, of course, boosts grocery-anchored retail. Branch Properties, which has been in the grocery-anchored retail space for 43 years, has seen sales growth across its stores during the pandemic.

"A lot of people were talking about the future of grocery and how much grocery was going online," says Jesse Shannon, Chief Investment Officer of Branch. "Our [tenant's] grocery sales were not declining pre-pandemic. Our sales growth across our stores is anywhere between 3% and, at some of the Publix, up to 10%. In 2019 pre-pandemic it was up nearly 10% versus same-store sales comps."

While delivery is beginning to overtake traditional retail in many places, groceries are a different story, according to Shannon. He isn't optimistic about grocery delivery because he says many grocery delivery services are losing money.