Imagine you are crossing a stream on foot. (Why is your business.) It would help, obviously if you knew where the rocks in the stream were, yes?
Such is the case with net lease investments in retail. As we have emphasized before in this space, reports of the death of brick-and-mortar retail, much like reports of Mark Twain's death (at least before he died), are greatly exaggerated. You simply need to know which rocks to pick: which models are sound, which brands can boast a strong, strategic leadership at their helm and which have offerings that continue to resonate with consumers, even through the depths of the COVID-19 induced recession.
Examples? Easy. Chipotle is opening "at least" 200 new stores this year, according to its CEO, Brian Niccol, a move fueled by their increasing digital sales. In addition, it plans on adding 15,000 new employees.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
